LTE Base Station System Market by Product Type (TDD-LTE and FDD-LTE) and End User (Residential & Small Office or Home Office (SOHO), Enterprise, Urban, and Rural)
Long-term evolution (LTE) base station system is an equipment designed to save energy and reduce cost by using latest technology to improve installation and to significantly reduce power consumption. It is a standard system for high-speed wireless communication for mobile phones and data terminals, to increase the capacity and speed, by using a different radio interface together with core network improvements.
The base station equipment for the LTE system (evolved Node B (eNodeB)) is equipped with radio access & control technology, which is under provision by IP-Radio Network Controllers (IP-RNC) and Base Trans receiver Station (BTS) in the W-CDMA system. LTE base stations are the main links in a chain, which connects users to the mobile network, and one of many crucial components in delivering the quality of service, which will separate incumbency from obsolescence.
Rise in demand for high-speed broadband services and growth in consumer awareness of IoT applications, such as connected homes & automobiles, drive the global LTE base station system market. In addition, growth of overall telecom market and increase in need for high data transfer rate fuel the growth.
However, stringent norms for telecom operators in some countries and lack of availability of compatible devices restrict the market growth.
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Moreover, increase in development of wireless communication technology, growth of complementary technologies such as software-defined networking (SDN) and network functions virtualization (NFV), and increase in telecom customer base present major opportunities for market development.
The global LTE base station system market is segmented on the basis of product type, end user, and region. By product type, the market is bifurcated into TDD-LTE and FDD-LTE.
Based on end user, it is categorized into residential & small office or home office (SOHO), enterprise, urban, and rural. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market is dominated by key players such as Ericsson AB, Huawei Technologies Co., Ltd., Nokia Corporation, ZTE Corporation, Alpha Networks Inc. AT&T Inc., Airspan, Cisco Systems Inc., CommScope Inc., and Motorola Solutions.
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KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global LTE base station system market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities is provided.
- Porter’s Five Forces analysis illustrates the potency of buyers and suppliers operating in the LTE base station system industry.
- The quantitative analysis of the global market from 2017 to 2023 is provided to determine the LTE base station system industry potential.
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