The 4G infrastructure equipment market consists of sales of 4G infrastructure equipment which produces technologies and services that are used to facilitate people`s communication by increasing network capacity and faster data transmission rates. The sales consists of revenues generated by establishments that are primarily engaged in the manufacturing of 4G infrastructure equipment such as macrocell, small cell and distributed antenna system (DAS) and others.
The global 4G infrastructure equipment market is expected to decline from $1.09 billion in 2019 and to $1.06 billion in 2020 at a compound annual growth rate (CAGR) of -2.16%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $2.02 billion in 2023 at CAGR of 26.08%.