How big is the Long-term Evolution (LTE) Market?

The Long-term Evolution (LTE) Market size is expected to reach USD 43.94 billion in 2024 and grow at a CAGR of 21.38% to reach USD 115.77 billion by 2029. Read More

What is the current Long-term Evolution (LTE) Market size?

In 2024, the Long-term Evolution (LTE) Market size is expected to reach USD 43.94 billion. Read More

Who are the key players in Long-term Evolution (LTE) Market?

AT&T Inc., Verizon Communication Inc, Vodafone Inc, NTT DoCoMo Inc. and Qualcomm Inc. are the major companies operating in the Long-term Evolution (LTE) Market. Read More

Which is the fastest growing region in Long-term Evolution (LTE) Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Long-term Evolution (LTE) Market?

In 2024, the North America accounts for the largest market share in Long-term Evolution (LTE) Market. Read More

What years does this Long-term Evolution (LTE) Market cover, and what was the market size in 2023?

In 2023, the Long-term Evolution (LTE) Market size was estimated at USD 36.20 billion. The report covers the Long-term Evolution (LTE) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Long-term Evolution (LTE) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Long-term Evolution (LTE) Market Size & Share Analysis - Industry Research Report

Long-term Evolution (LTE) Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Long-term Evolution (LTE) Market is segmented by Technology (LTE-TDD, LTE Advanced, LTT-FDD), by Application (Video on demand, VoLTE, High-speed Data Services, Defense and Security), by Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

Long-term Evolution (LTE) Industry Overview

The Long-term Evolution (LTE) Market is highly fragmented, with major players like AT&T Inc., Verizon Communication Inc, Vodafone Inc, NTT DoCoMo Inc., and Qualcomm Inc. The players in the market are adopting strategies such as partnerships, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In January 2023, Vodafone successfully performed an internet call using its new network to enable connected devices, opening the path for crucial applications such as emergency monitoring and responsive healthcare in distant locations. The Voice over Long-Term Evolution (VoLTE) call, often known as 4G calling, was made in Italy over Vodafone's commercial Category M (CAT-M) network. The network is perfect for serving many Internet of Things (IoT) devices across a single mobile phone site without reducing service to smartphone users. This is Europe's first VoLTE call on active commercial CAT-M network infrastructure.

In July 2022, Nokia and AT&T Mexico established a partnership to deliver the benefits of 5G to the country. Nokia was also chosen as a strategic partner for AT&T Mexico's 5G Innovation Lab to investigate the creation of 5G use cases specific to Mexico and the local 5G ecosystem.