Asia Pacific LTE Market Report and Forecast 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