Global 4G Equipment Market to Reach US$ 440.8 Billion by 2032, Supported by Significant Growth in Telecommunication Industry

September 19, 2022 | Technology & Media

According to the latest report by IMARC Group, titled “4G Equipment Market Report by Component (Infrastructure Equipment, Testing Equipment), Application (LTE, Wi-Max), End Use (Logistics, E-Commerce, Smartphone, and Others), and Region 2024-2032," the global 4G equipment market reached a value of US$ 97.0 Billion in 2023. Fourth-generation (4G) equipment refers to communication systems that enhance network capabilities and provide faster data transmission speed. It includes long-term evolution (LTE) and Wi-max devices, such as small cells, macro cells, distributed antenna systems (DAS), and testing equipment. It is widely used in navigation, telemedicine, remote education, virtual presence, and multimedia sharing. 4G equipment provides enhanced spectral efficiency, network security, higher bandwidth, and easier access to services and applications. It also offers low latency, reduces idle-to-active time, improves cost efficiency, and provides backward compatibility. As a result, 4G equipment is widely installed across buildings, hospitals, hostels, campuses, stadiums, and resorts.

Global 4G Equipment Market Trends:

The significant growth in the telecommunication industry across the globe is creating a positive outlook for the market. 4G equipment is widely used to provide cost-effective and reliable mobile broadband internet to devices, such as smartphones, tablets, computers, and laptops. In addition, the rising consumer demand for enhanced connectivity, high voice quality, and faster downloading speed that enables uninterrupted access to online and live-streamed videos, movies, and music is acting as another growth-inducing factor. Furthermore, increasing network traffic due to the growing number of internet users and rapid proliferation of machine-to-machine (M2M) connections, video on demand (VoD), virtual reality (VR), and augmented reality (AR) is providing an impetus to the market growth. Additionally, the integration of advanced semiconductor solutions, such as intelligent chips, system-on-chips (SoC), latest server chipsets, and system-on-a-module (SoM), to lower energy consumption, reduce cost, provide multi-modal connectivity, and ensure seamless traffic are positively influencing the market growth. Moreover, the widespread product utilization in cloud-computing facilities to offer enterprises real-time access to files and applications is providing a considerable boost to market growth. Other factors, including rising investments by several governments to subsidize equipment manufacturing, emerging trends of high-end online and multiplayer gaming, and rapid infrastructural development, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 440.8 Billion by 2032, exhibiting a CAGR of 17.8% during 2024-2032.

Market Summary:

  • On the basis of the component, the market has been divided into infrastructure equipment (small cell, macro cell, distributed antenna system (DAS), and others) and testing equipment.
  • Based on the application, the market has been categorized into LTE (TD-LTE, FDD-LTE, and LTE A) and Wi-Max
  • On the basis of the end use, the market has been classified into logistics, e-commerce, smartphones, and others.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others) Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some 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.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Application, End Use, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
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Global 4G Equipment Market to Reach US$ 440.8 Billion by 2032, Supported by Significant Growth in Telecommunication Industry
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