4G LTE Devices Market Summary Comprises Key Regions, Growth And Segmentation Till 2019-2027


Posted June 4, 2020 by rohit890

In telecommunication, long-term evolution or LTE is a standard for wireless broadband communication for mobile devices.
 
Market Overview

In telecommunication, long-term evolution or LTE is a standard for wireless broadband communication for mobile devices. Mobile devices are portable, compact, and lightweight computing devices, featured with touch or non-touch display screen an optional mini-keyboard. Smartphone refers to an advanced version of basic mobile phone with various advanced features. A smartphone operates on different types of operating systems namely Blackberry OS, Android OS, iOS, Windows, and others. Furthermore, a tablet refers to wireless, portable computer with touchscreen interface, which is relatively smaller than computer though larger than a smartphone. These devices are available at multi-brand stores, single brand stores, and online shopping platforms such as eBay, Alibaba, and Amazon.

The global 4G (LTE) devices market was valued at US$ 429.7 Bn in 2018 and is expected to grow at a CAGR of 6.7% during the forecasted period (2019-2027)

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Market Dynamics

Proliferating demand for 4G-LTE smartphones from the emerging economies such as India and China is expected to boost the market growth over the forecast period. Therefore, key manufacturers in the market are offering low-cost 4G LTE smartphones, in order to expand their consumer base. For instance, in December 2019, Xiomi Inc., introduced its new Redmi K30 series smartphone in 4G LTE and 5G variants in China.

In October 2017, Micomax Informatics, an Indian mobile handset manufacturer, entered into business agreement with telecom operator Vodafone to launch an entry-level 4G smartphone called Bharat 2 Ultra in India. Furthermore, recent technological advancements in the 4G-LTE smartphones will propel the global 4G (LTE) devices market over the forecast period. For instance, in June 2019, China based ZTE Corporation launched its first 5G smartphone ZTE Axon 10 Pro 5G in China for commercial use. However, regulatory uncertainties in certain countries are expected to hinder the global 4G (LTE) devices market over the forecast period.

Detailed Segmentation:

Global 4G (LTE) devices Market, By Device Type:

Smartphones

Tablets

Global 4G (LTE) devices Market, By Pricing Range:

Low

Medium

Premium

Global 4G (LTE) devices Market, By Distribution Channel:

Multi-brand Store

Organized

Independent

Single Brand Store

Online



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Key companies covered as a part of this study Apple Inc., ASUSTeK Computer Inc., Huawei Technologies Co., Ltd., Lenovo Group, LG Electronics, Panasonic Corporation, Samsung Electronics Co., Ltd., Xiaomi Inc., and ZTE Corporation

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Last Updated June 4, 2020