The overall LTE Advanced Pro market
is estimated to be valued at USD 150.0 million in 2018 and is expected to reach
USD 8,017.5 million by 2023, at a CAGR of 121.6% from 2018 to 2023. Major
drivers for this market are as follows: LTE Advanced Pro delivering higher
bitrates in a cost-efficient manner; improved efficiency with additional
functionality; reduced latency and optimized connectivity; and growing demand
for improved network coverage.
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The LTE Advanced Pro market has been segmented on
the basis of communication infrastructure, core network technology, and
deployment location. In terms of communication infrastructure, small cell is
expected to hold the largest share of the market by 2023. The increasing number
of buildings in cities has led to obstruction in telecom signals and is leading
to poor quality of services and degraded customer experience. It is estimated that
a large volume of data will be transferred between devices. To handle such
large volumes of data at high speed, reliable network connectivity is
imperative, and small-cell antenna systems will play an integral role in
carrying out the communication process efficiently.
By core network technology, the LTE Advanced Pro
market for NFV is expected to grow at the highest CAGR during the forecast
period. For network operators to handle such huge data, increasing network
capacity is a major challenge. NFV can play a critical role in overcoming this
challenge. NFV promises to ease the load by granting service providers the
flexibility to move network functions from dedicated appliances to generic
servers.
Of all the major deployment locations, urban areas
held the largest share of the LTE Advanced Pro market in 2017. Need for
enhanced network capacity and coverage in locations such as city center zones,
subways, and stadiums, which are always populated with a large number of
occupants, are a major driver for the growth of the market in urban areas.
The LTE Advanced Pro market for the retail
stores deployment is expected to grow at the highest CAGR between 2018 and
2023. Retail malls often face limited data coverage issue. High demand for
accurate data and information flow at high speed in retail automation will
drive the growth of the LTE Advanced pro network in retail stores.
Of all the regions, North America held the largest
size of the global LTE Advanced Pro market in 2017. North
America has emerged as a prominent region in terms of the adoption and
implementation of LTE Advanced Pro services and applications. It is anticipated
to witness strong demand for wireless cellular network across urban areas,
residential areas, and rural areas, among others. The market in RoW is expected
to grow at the highest CAGR between 2018 and 2023 followed by APAC. The growth
of the market in APAC is attributed to THE adoption of new technologies and
advancements by organizations functioning across various sectors. The region has
become the center of attraction for major investments and business expansion
opportunities.
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key restraining factors for the global LTE Advanced
Pro market are limitations on waveform flexibility and synchronization
robustness. The underlying concern of the industry regarding shortening
timescales for Phase I (rel. 15) may lead to technical ambiguity in air
interface technologies and further compromise 5G quality.
Key players in the LTE Advanced Pro market are
Huawei (China), Nokia Networks (Finland), Ericsson (Sweden), Samsung Electronics
(South Korea), ZTE (China), NEC (Japan), Cisco Systems (US), Qualcomm (US), and
Intel (US).
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