Increased demand for high-speed broadband services and a rise in consumer awareness of IoT applications such as connected homes & automobiles have boosted the growth of the global LTE base station system market.
However, stringent norms for telecom operators in several countries and lack of availability of compatible devices hamper the market growth. On the contrary, the growth of the overall telecom market is expected to create lucrative opportunities in the near future.
According to the report, the global LTE base station system market accounted for $25.86 billion in 2017 and is projected to garner $71.98 billion in 2023, registering a CAGR of 18.6% during the forecast period.
Download Sample Report (Get Full Insights in PDF – 277 Pages) at: https://www.alliedmarketresearch.com/request-sample/2677
The global LTE base station system market is divided on the basis of product type, end user, and geography. Based on product type, the market is segmented into TDD-LTE and FDD-LTE. The TDD-LTE segment held the largest share in 2017, contributing nearly three-fifths of the market. However, the FDD-LTE segment is projected to register the fastest CAGR of 20.5% during the forecast period.
On the basis of end-user, the market is divided into residential & small office or home office (SOHO), enterprise, urban, and rural. The residential & SOHO segment dominated the market, accounting for more than two-fifths of the market. However, the rural segment is estimated to manifest the fastest CAGR of 21.0% through 2023.
The LTE base station system market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2017, contributing more than two-fifths of the market. However, the market across Asia-Pacific is expected to portray the fastest CAGR of 22.4% during the forecast period.
The market report provides an in-depth analysis of the major market players such as Huawei Technologies Co., Ltd., Ericsson AB, ZTE Corporation, Nokia Corporation, Airspan, Cisco Systems Inc., Alpha Networks Inc. AT&T Inc., CommScope Inc., and Motorola Solutions.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2677
Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Related Reports:
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.