4G Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global 4G equipment market size reached US$ 80.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 244.9 Billion by 2028, exhibiting a growth rate (CAGR) of 20.37% during 2022-2028.
4G equipment are fourth-generation wireless communication systems with upgraded data transmission speed and network enhancements. The equipment is categorized into Long-term Equipment (LTE) and Wi-max devices, which include macrocells, small cells, distributed antenna systems (DAS) and testing equipment. They are commonly used for applications that involve virtual presence, navigation, crisis management, telemedicine, remote education, multimedia sharing and tele geoprocessing. These devices are integrated into smart devices, such as smartphones, tablets and notebooks and are more secure than Wi-Fi spots. They also enable the users to get online without plugging into a proprietary system. As a result, they find extensive applications across various industries, including information technology (IT), telecommunication, ecommerce and retail.
4G Equipment Market Trends:
Significant growth in the telecommunication industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, a substantial increase in the network traffic is providing a thrust to the market growth. 4G equipment provides faster internet connectivity to smartphone devices, which further enables uninterrupted access to online and live-streamed videos, movies and music. In line with this, the emerging trend of online interactive and multiplayer gaming is also contributing to the growth of the market. Various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), augmented reality (AR) and virtual reality (VR) systems, are anticipated to drive the market toward growth. In addition, 4G equipment is also widely used for operating cloud computing systems for providing access to files and applications to the enterprises in real-time. Other factors, including rising expenditure capacities of the consumers, along with extensive infrastructural development, especially in the developing economies, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global 4G equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, application and end use.
Breakup by Component:
Infrastructure Equipment
Small Cell
Macro Cell
Distributed Antenna System (DAS)
Others
Testing Equipment
Breakup by Application:
LTE
TD-LTE
FDD-LTE
LTE A
Wi-Max
Breakup by End Use:
Logistics
E-Commerce
Smartphone
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airspan Networks Inc., Cisco System Inc, Fujitsu Limited, Huawei Technologies Co. Ltd., Motorola Solutions Inc., NEC Corporation, Nokia Corporation, Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson and ZTE Corporation.
Key Questions Answered in This Report
1. What was the size of the global 4G equipment market in 2022?
2. What is the expected growth rate of the global 4G equipment market during 2023-2028?
3. What are the key factors driving the global 4G equipment market?
4. What has been the impact of COVID-19 on the global 4G equipment market?
5. What is the breakup of the global 4G equipment market based on the component?
6. What is the breakup of the global 4G equipment market based on the application?
7. What are the key regions in the global 4G equipment market?
8. Who are the key players/companies in the global 4G equipment market?