Global 4G Infrastructure Equipment Market Outlook Forecast 2024 - 2033
19 Apr, 2024
The 4G infrastructure equipment market has demonstrated robust growth, climbing from $62.37 billion in 2023 to $66.83 billion in 2024, indicating a 7.1% compound annual growth rate (CAGR) over the historical period. This expansion is fueled by heightened mobile data usage, widespread internet access, the proliferation of smartphones, consumer demand for speed, and overall growth in the telecom sector. Forecasts predict continued strong performance, with the market projected to reach $88.09 billion by 2028, maintaining a CAGR of 7.1%. Factors propelling this growth include the transition to 5G, increasing data demands, network enhancements and expansions, integration of Internet of Things (IoT), and improvements in coverage and connectivity. Key trends in the forecast period include network virtualization, deployment of small cells, upgrades in network security, greater adoption of carrier aggregation, and advancements in antenna technologies.
Major Driver In The 4G Infrastructure Equipment Market
The growth of the 4G infrastructure equipment market is fueled by the substantial increase in network traffic, with the global number of internet users projected to reach 4.8 billion by 2022, contributing to a 36% growth in mobile network data traffic from Q1 2022 to Q1 202Emerging social media platforms and applications such as Augmented Reality (AR) and Virtual Reality (VR) further exacerbate network traffic. To accommodate this surge, telecom operators expand their 4G infrastructure equipment, fostering the growth of the 4G infrastructure equipment market. The market size for 4G infrastructure equipment witnessed significant growth in 2023 and continued to expand in 2024, with projections indicating further growth by 2028.
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Airspan Networks Inc., Cisco Systems Inc., Fujitsu Limited, Huawei Technologies Co. Ltd., Motorola Solutions Inc., Nokia Corporation, ZTE Corporation, Nortel Networks Corporation, Alvarion Technologies Ltd., Telefonaktiebolaget LM Ericsson, Datang Mobile Communications Equipment Co. Ltd., Nokia Siemens Networks GmbH & Co. KG, Samsung Electronics Co. Ltd., Altiostar Networks Inc., Altran Technologies SA, Check Point Software Technologies Ltd., Ciena Corporation, Lumentum Operations LLC, Acacia Communications Inc., Ciena Communications Inc., Finisar Corporation, Juniper Networks Inc., Infinera Corporation, NEC Corporation, Qualcomm Technologies Inc., Telit Communications PLC, T-Mobile US Inc., Verizon Communications Inc., AT&T Inc., China Mobile Limited, China Telecom Corporation Limited, China United Network Communications Group Co. Ltd., Deutsche Telekom AG, Orange S.A., Vodafone Group Plc, Bharti Airtel Limited, Reliance Jio Infocomm Limited, SK Telecom Co. Ltd., KT Corporation, LG Uplus Corp.
Key 4G Infrastructure Equipment Market Trend
A digital distributed antenna system (DAS) improves voice and data connectivity through advanced signal processing, particularly in public safety communication. Digital DAS is expected to enhance the growth of the 4G infrastructure equipment market by addressing challenges in public safety coverage.
Get The Full Global 4G Infrastructure Equipment Market Report4G Infrastructure Equipment Market Segmentation
The 4g infrastructure equipment market covered in this report is segmented –
1) By Type: Small Cell, Macro Cell, Distributed Antenna System (DAS), Other Types
2) By Product: Time division (TD) LTE, Frequency-Division Duplexing LTE, LTE A
3) By Application: Logistics, E-Commerce, Virtual Presence, Crisis Management, Tele Medicine And Geo Processing, Other Applications
By Geography: The regions covered in the 4g infrastructure equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the 4G infrastructure equipment market in 2023. Western Europe was the second largest region in the 4G infrastructure equipment market. The regions covered in the 4g infrastructure equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
4G Infrastructure Equipment Global Market Report 2024 furnishes information about the global 4g infrastructure equipmentmarket, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.