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Asia Pacific LTE Market Size, Share, Trends, Forecast: By Component: Infrastructure, Service; By Deployment Model: Centralised, Distributed; By Technology: FDD, TDD; By Application: M2M and Connected Device, Public Safety LTE, VoLTE (Voice Over LTE), Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Asia Pacific LTE Market Outlook
The Asia Pacific LTE market size reached approximately USD 77.63 billion in 2023. The market is estimated to grow at a CAGR of 16.3% in the forecast period of 2024-2032, reaching a value of around USD 299.98 billion by 2032.
Key Trends in the Market
LTE or long-term evolution is a fourth-generation wireless broadband communication standard used by cellular networks in mobile phones. It provides improved efficiency, high-speed data transfer, reduced latency, scalable bandwidth capacity, and effective communication between smart devices.
- Growing adoption of VoLTE (Voice over LTE) over conventional voice services due to its high sound quality is one of the prominent Asia Pacific LTE market trends. VoLTE provides better audio and video call quality, rich communication service, quicker call setups, and lowered battery usage.
- Operators are increasing investments into network infrastructure in the region to provide improved performance and high data speed. They are also deploying LTE advanced and LTE advanced pro to provide faster speed, efficiency, latency, and increased battery life, which paves the way for a 5G network.
- Integration of LTE in IoT-based devices such as sensors, virtual home assistants, health monitoring gadgets, and factory machinery for reliable connectivity and high-speed data transfer also provides impetus to the Asia Pacific LTE market growth.
Market Analysis
Based on component, the market is bifurcated into infrastructure and service. On the basis of deployment model, the market is divided into centralised and distributed. Based on technology, the market is classified into FDD and TDD.
The Asia Pacific LTE market segmentation, on the basis of application, includes M2M and connected device, public safety LTE, VoLTE (Voice over LTE), surveillance, browsing and large enterprise, video on demand, and defence and security, among others.
Based on end use, the market is categorised into healthcare, manufacturing, government and defence, energy and utilities, oil and gas, and education, among others. On the basis of country, the market is segmented into China, Japan, India, ASEAN, and Australia, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Asia Pacific LTE market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Huawei Technologies Co., Ltd.
- AT&T Inc.
- Cisco Systems, Inc.
- China Mobile Limited
- Nokia Corporation
- Telefonaktiebolaget LM Ericsson
- Vodafone Group Plc
- Bharti Airtel Limited
- SK Telecom Co., Ltd
- Comba Telecom Systems Holdings Limited
- Others
Market Share by Application
VoLTE (Voice over LTE) occupies a sizeable portion of the Asia Pacific LTE market share owing to its ability to facilitate high-quality audio calls. It also provides the facility of simultaneous voice calls and data services, which allows users to stay connected to the internet while still on call. Moreover, it provides faster call connectivity and facilitates conference calls with up to six participants. It also offers the facility of video calls without any assistance from third-party applications like Skype.
Market Share by Country
As per the Asia Pacific LTE market analysis, China accounts for a substantial share of the regional market due to growth in mobile service subscribers in the country. The shift in consumer preference towards high-speed internet and connectivity fuels the adoption of LTE. Increased investment by market players into 4G and 5G network infrastructure also provides a positive outlook for the deployment of LTE. Additionally, the burgeoning presence of telecommunication companies that provide LTE service to subscribers favours its market position in the region.
Competitive Landscape
Huawei Technologies Co., Ltd., founded in 1987, is a multinational technology company, with its headquarters in Shenzhen, China. It manufactures telecommunication products, smart devices, and consumer electronics, among others.
AT&T Inc. is a telecommunication holding company which was established in 1983 and has its headquarters in Texas, the United States. It provides wireless communication, telecommunication equipment, internet services, and wholesale services, among others.
Cisco Systems, Inc., incorporated in 1984 and based in California, the United States, is a communication technology company. The company provides access points, network management, wireless services, switches, routers, and optical networking, among others.
Other Asia Pacific LTE market players include China Mobile Limited, Nokia Corporation, Telefonaktiebolaget LM Ericsson, Vodafone Group Plc, Bharti Airtel Limited, SK Telecom Co., Ltd, and Comba Telecom Systems Holdings Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Deployment Model |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Global LTE Market Overview
7.1 Key Industry Highlights
7.2 Global LTE Historical Market (2018-2023)
7.3 Global LTE Market Forecast (2024-2032)
7.4 Global LTE Market Share by Region
7.4.1 North America
7.4.2 Europe
7.4.3 Asia Pacific
7.4.4 Latin America
7.4.5 Middle East and Africa
8 Asia Pacific LTE Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific LTE Historical Market (2018-2023)
8.3 Asia Pacific LTE Market Forecast (2024-2032)
9 Asia Pacific LTE Market by Component
9.1 Infrastructure
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Service
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Asia Pacific LTE Market by Deployment Model
10.1 Centralised
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Distributed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Asia Pacific LTE Market by Technology
11.1 FDD
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 TDD
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Asia Pacific LTE Market by Application
12.1 M2M and Connected Device
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Public Safety LTE
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 VoLTE (Voice Over LTE)
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Surveillance, Browsing and Large Enterprise
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Video On Demand
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Defence and Security
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Others
13 Asia Pacific LTE Market by End Use
13.1 Healthcare
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Manufacturing
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Government and Defence
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Energy and Utilities
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Oil and Gas
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Education
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Others
14 Asia Pacific LTE Market by Country
14.1 China
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Japan
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 India
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 ASEAN
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Australia
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Huawei Technologies Co., Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 AT&T Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cisco Systems, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 China Mobile Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Nokia Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Telefonaktiebolaget LM Ericsson
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Vodafone Group Plc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Bharti Airtel Limited
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 SK Telecom Co., Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Comba Telecom Systems Holdings Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific LTE Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific LTE Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Asia Pacific LTE Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Asia Pacific LTE Historical Market: Breakup by Deployment Model (USD Billion), 2018-2023
5. Asia Pacific LTE Market Forecast: Breakup by Deployment Model (USD Billion), 2024-2032
6. Asia Pacific LTE Historical Market: Breakup by Technology (USD Billion), 2018-2023
7. Asia Pacific LTE Market Forecast: Breakup by Technology (USD Billion), 2024-2032
8. Asia Pacific LTE Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Asia Pacific LTE Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Asia Pacific LTE Historical Market: Breakup by End Use (USD Billion), 2018-2023
11. Asia Pacific LTE Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12. Asia Pacific Asia Pacific LTE Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Asia Pacific LTE Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific LTE Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 77.63 billion.
The market is projected to grow at a CAGR of 16.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 299.98 billion by 2032.
The major market drivers are the proliferation of smartphones and the rising demand for high-speed data for uninterrupted audio and video streaming.
The key trends of the market include the growing adoption of VoLTE, increased investments in network infrastructure, deployment of LTE advanced and LTE advanced pro, and integration of LTE in IoT-based devices.
The major countries in the market are China, Japan, India, ASEAN, and Australia, among others.
Various components of LTE are infrastructure and service.
The key players in the market are Huawei Technologies Co., Ltd., AT&T Inc., Cisco Systems, Inc., China Mobile Limited, Nokia Corporation, Telefonaktiebolaget LM Ericsson, Vodafone Group Plc, Bharti Airtel Limited, SK Telecom Co., Ltd, and Comba Telecom Systems Holdings Limited, among others.
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