4G
LTE is the latest technology in the mobile broadband market. LTE can provide a
data speed of up to 30 Mbps and LTE Advance can even provide a speed of 100
Mbps. LTE market is at a developing stage and is the market revenue is expected
to soar as high as $997 billion by 2020, with a projected CAGR of 58.2% during
2013-2020. The global LTE market is analyzed based on geographical regions,
(North America, Europe, Asia Pacific and RoW) reveals that Asia Pacific
possesses the highest potential and is expected to generate highest revenue by
2020.
Increased
need for higher data rates and greater spectral efficiency are the primary
factors driving the market growth. Implementation of LTE in the public sectors
such as public safety as well as in defense and security is further driving the
market exponentially. These applications require high-speed communication at
times of emergency and therefore LTE is the best-suited network to feed this
need. Furthermore, changing customer preferences and rising demand for high-speed
mobile broadband in Asia Pacific region has created a huge potential in the
APAC market. Telecom operators have planned highest number of LTE installations
in these developing countries.
LTE
Technology Market Analysis
Global
LTE market is segmented into LTE FDD, LTE TDD and LTE Advance. In 2012, LTE-FDD
Market had generated highest revenue, however it is forecast that LTE TDD
market would be generating largest revenue by 2020. Quick and cost effective
solutions of LTE TDD over LTE FDD are the primary reasons for this market
shift. LTE Advance is expected to be the fastest growing market during the
analysis period 2013-2020. LTE Advance would grow at such significant rate due
to its ability to provide higher bitrates in system.
LTE
Application Market Analysis
The
application market is segmented into M2M and Connected Device, Public Safety
LTE, VoLTE, Video on Demand, Defense and Security and “browsing, surveillance
and large enterprise”. In the current scenario, browsing, surveillance and
large enterprise is the highest revenue generating market. This segment would
continue to have the highest share in the market by 2020. Increased awareness
about advantages of IP based surveillance system and increased security
concerns are driving factors for growth LTE usage in IP surveillance systems.
Need for high speed browsing facility is the primary reason for extensive use
of LTE in browsing. However, Defense and Security would be the fastest growing
market at a CAGR of 68.8% throughout 2013-2020.
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