DUBLIN, June 9, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/lc8jlj/lte_market) has announced the addition of the "LTE Market (Components, Technologies and Applications) Size, Share, Trends, Analysis, Research, Future Demand, Scope and Forecast, 2012-2020" report to their offering.
According to a new report titled "LTE Market (TDD, FDD, LTE Advance) - Global Opportunity Analysis and Forecast - 2012-2020", the LTE market is to soar as high as $997 billion by 2020, experiencing a CAGR of 58.2% during 2013-2020. Asia Pacific is forecast to surpass other geographical markets by 2020 with approximately 40% of the global LTE market. Current revenue (2013) from LTE market in Asia Pacific accounts to $2.8 billion and is expected to reach a value of $390 billion by 2020.
Furthermore, this would be the fastest growing market throughout the globe, experiencing a CAGR of 71.5%.during 2013-2020. Telecom companies have already gained good number of 4G LTE subscribers in the developed countries. On the other hand, in the present scenario, Asia Pacific is still far behind North America in terms of subscriber strength. However, increasing customer awareness regarding LTE features and benefits and radical improvement in QoS will shoot-up the LTE adoption in the region.
Rising sales of advanced gadgets, supporting 4G networks, is further intensifying the need for LTE in the Asia Pacific and other developing regions. Apart from the common subscribers, defense systems, public safety etc. are also evolving as strong applications of LTE. Rising demand in each of these segments is assisting the overall growth of the market. Increased need for high data rate, increased demand in public sector due to efficiency of LTE in speedy communication and need for high quality services are among the primary factors driving the growth of the market.
LTE is a noble technology that demands certain technological advancements in the mobile infrastructure. Mobile operators therefore need increased bandwidth and resilient network connectivity to accommodate next generation LTE networks. Telecom companies still need to work on their network stability in all regions to provide smooth and continuous service even when the customer is under roaming (within the country or abroad). Limited spectrum at different locations, states and countries is also a major challenge for the LTE service providers.
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 GLOBAL LTE MARKET BY TECHNOLOGY
CHAPTER 5 GLOBAL LTE MARKET BY COMPONENTS, 2012-2020
CHAPTER 6 GLOBAL LTE MARKET, BY APPLICATION, (2012-2020)
CHAPTER 7 GLOBAL LTE MARKET, BY GEOGRAPHY, (2012-2020)
CHAPTER 8 COMPANY PROFILE
- AT&T, Inc.
- Bharti Airtel Ltd.
- China Mobile Ltd.
- Huawei Technologies Co. Ltd
- LM Ericsson
- Nokia Solutions and Networks. B.V.
- NTT DOCOMO, Inc.
- Verizon Communication Inc.
- Vodafone Group Plc
For more information visit http://www.researchandmarkets.com/research/lc8jlj/lte_market
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SOURCE Research and Markets