Global LTE Module Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global LTE Module Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

LTE Module refers to a product that is loaded into a specified frequency band, and the software supports the standard LTE protocol. The software and hardware are highly integrated and modularized. The hardware integrates the RF and baseband on a small PCB board to complete the wireless receiving, transmitting, and baseband signal processing functions. The software supports voice dialing, text messaging, dial-up networking and other functions.

Market Overview:

The latest research study on the global LTE Module market finds that the global LTE Module market reached a value of USD 5880.85 million in 2022. It’s expected that the market will achieve USD 13558.77 million by 2028, exhibiting a CAGR of 14.94% during the forecast period.

Limitations

Although the concept of 4G mobile networks has steadily spread, connectivity is still limited to certain designated carriers and regions. Of course, the number of cities with 4G coverage is increasing every day. However, it takes a lot of time to use this network in all major cities around the world.
Although the hardware compatible with 4G networks is now much cheaper than before, the fact is that this new device must be installed to provide these services. For most mobile operators planning to launch these services, this will be a cumbersome process.
From 2G to 3G, and then from 3G to 4G, mobile networks currently use multiple antennas and transmitters, so on this network, the battery life of users on mobile devices will be greatly reduced. This means that large mobile devices with larger battery power will have to be used in order to stay online for longer.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Sierra Wireless, Gemalto, Quectel with the revenue market share of 14.84%, 12.52%, 9.06% in 2018.

Sierra Wireless, a wireless communications equipment company, is headquartered in Richmond, British Columbia, Canada. Its main products are mobile communication modules, gateways and routers for IoT and M2M communication; it is used in many fields, such as transportation, energy, medical care, security, computer network communication, mobile computing, consumer electronics, etc. Wait. The company has a worldwide presence and currently has offices in the US, France, China and Hong Kong.

Gemalto is an international digital security company headquartered in Amsterdam that provides software applications and personal security equipment. This company is the world's largest manufacturer of SIM cards. Gemalto was founded in June 2006 and was formed by the merger of two companies. In 2015, Gemalto earned 3.122 billion euros. Gemalto is listed on the Amsterdam Stock Exchange and the Paris Stock Exchange.

Segmentation Overview:

Among different product types, LTE FDD segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global LTE Module market covered in Chapter 3:

Sierra Wireless
u-blox
Huawei
Quectel
MeiG Smart
WNC
Telit
Gemalto
Sunsea Group
Foxconn

In Chapter 4 and Chapter 14.2, on the basis of types, the LTE Module market from 2018 to 2029 is primarily split into:

LTE TDD
LTE FDD
LTE Advanced

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the LTE Module market from 2018 to 2029 covers:

Industrial
Consumer
Automotive
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)