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The global LTE base station system market size reached US$ 37.92 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 106.11 Billion by 2027, exhibiting a growth rate (CAGR) of 17.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Long-term evolution (LTE) base station system is an energy-saving and cost-cutting device that connects users to the mobile network. It is equipped with radio access and control technology that helps provide high-speed wireless connectivity for data terminals and mobile phones. It helps increase the capacity and speed of sending and receiving signals by using a different radio interface with core network improvements. As a result, the LTE base station system is used across the globe for developing seamless communication in private and public organizations.
The growing global population and increasing reliance of individuals on smartphones represent one of the key factors positively influencing the market. In addition, the escalating demand for high-speed internet connectivity for operating electrical gadgets, such as cellphones, laptops, and personal computers (PCs) with enhanced efficiency, is driving the need for LTE base station systems across the globe. In line with this, the rising awareness among individuals about the internet of things (IoT) applications, including connected homes and vehicles, is creating a positive market outlook. Apart from this, a significant rise in the information technology (IT) industry and the increasing adoption of software-defined networks (SDN) and network functions virtualization (NFV) technologies are driving the market. Higher network traffic during working hours and the rising need for faster data transmission, especially in urban areas, are also stimulating the market growth. Furthermore, extensive investment in new infrastructure projects to improve network connectivity and the introduction of machine-to-machine (M2M) communications are offering lucrative opportunities to leading industry players. Besides this, the widespread adoption of technologically advanced wireless broadband solutions by public and private organizations for obtaining real-time information ensures enhanced public safety. Moreover, increasing investments by leading market players in research and development (R&D) activities are expected to propel the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global LTE base station system market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and end user.
Breakup by Product Type:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airspan Networks Inc., Argela (Türk Telekomünikasyon A.S.), Baicells Technologies, Cisco Systems Inc., CommScope, Huawei Technologies Co. Ltd., Motorola Solutions Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson and Verizon Communications Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, End User, 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., Argela (Türk Telekomünikasyon A.S.), Baicells Technologies, Cisco Systems Inc., CommScope, Huawei Technologies Co. Ltd., Motorola Solutions Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson and Verizon Communications Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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