4G (LTE) Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The market for 4G (LTE) devices has experienced significant growth due to the increasing demand for mobile connectivity.In 2024, the market is projected to reach $47.27 billion, and by 2031, it is expected to grow to $61.66 billion, reflecting a compound annual growth rate (CAGR) of 3.90%. Long-term evolution, commonly known as LTE, is a telecommunications standard for wireless broadband communication in mobile devices. Mobile devices are small, light, and portable computing tools with optional mini-keyboards and touch or non-touch display screens. A smartphone, a more sophisticated mobile phone, comes with advanced functionalities. Smartphones operate on different systems such as Blackberry OS, Android OS, iOS, and Windows. Tablets, on the other hand, are portable wireless computers with touchscreen interfaces larger than smartphones but smaller than typical computers.

Global smartphone penetration is on the rise, enhancing data flow and creating a higher demand for improved communication infrastructure. This surge has prompted telecom companies to upgrade their 4G (LTE) networks to ensure capacity and meet customer needs efficiently. These factors are expected to drive market growth over the forecast period.

In terms of regional dominance, North America leads the market with a significant share. The European market also holds a considerable portion, reflecting robust demand for 4G (LTE) devices.

Restraints Affecting the 4G (LTE) Devices Market

A major restraint in the global 4G (LTE) devices market is the lack of awareness about 4G (LTE) in various nations. Some countries have efficient and fast 3G networks, which limits the necessity for upgrading to 4G (LTE). Moreover, poor knowledge of the benefits associated with 4G-LTE technology hinders market growth. For instance, in the U.K., the average 3G network speed is notably higher than internet speeds in other European countries, which restricts the adoption of 4G LTE. Additionally, the emergence of 5G technology poses a significant threat to the growth of 4G (LTE) devices.

Market Developments

The market has witnessed notable product launches and expansions. For example, in August, Samsung introduced a 4G LTE version of its Galaxy S21 Smartphone Series. Similarly, Airtel expanded its 4G network in Kerala using LTE 900 technology in September.

Regional Insights

In the U.S., the market growth is driven by the extensive range of modern and improved connectivity options spurred by IoT advancements. The rapid growth of IoT has led to a vast network of intelligent, cellular-connected machines and gadgets, fostering the development of various connectivity solutions. These advancements are anticipated to fuel market growth in the U.S., maintaining its dominant position in the global 4G (LTE) devices market.

Growth Opportunities in India

India presents significant growth opportunities for the 4G (LTE) devices market due to the increasing demand for low-priced smartphones. Consumers in emerging economies are purchasing affordable smartphones with advanced capabilities that support 4G LTE. To capture a larger customer base, manufacturers are focusing on providing budget-friendly 4G LTE devices, driving market growth in the region.

Adoption Trends in Europe

The transition from 3G to 4G cellular data networks is a major factor driving the market growth in Europe. Germany, an economically significant country in the region, holds the largest market share. Consumers are increasingly demanding devices with innovative functionality and low latency. The shift from 3G to 4G cellular networks, facilitated by 4G (LTE), offers users faster access to information and data, thereby creating growth opportunities in the market.

Category-wise Insights

The smartphones segment holds the largest market share in the 4G (LTE) devices market. The segment's growth is propelled by the government's efforts to implement technological advancements in networking infrastructure and the rising adoption of smartphones in emerging nations.

The multi-brand stores segment is expected to witness the fastest growth rate compared to single-brand stores and online distribution channels. This growth is attributed to the extensive range of options and competitive pricing available in multi-brand stores.

Competitive Analysis

Major companies in the 4G (LTE) devices market are collaborating and forming partnerships with other organizations to enhance their product offerings and expand their market presence. For instance, in December, Vodafone Cook Islands partnered with SES's O3b mPOWER to provide 4G+ networks across the Cook Islands. Similarly, Verizon and Amazon formed a partnership to compete with Starlink, aiming to develop 5G and 4G wireless networks without relying on traditional infrastructure like fiber cable networks. This partnership is expected to help Verizon deliver on its promise of widespread 5G service.

Key Companies Profiled

Apple Inc.
Samsung Electronics
ZTE Corporation
Huawei Technology Company Limited
Lenovo Group Limited
ASUSTek Computer, Inc.
Xiaomi Inc.
LG Electronics Inc.
Panasonic Corporation

Key Segments of the 4G (LTE) Devices Market

By Device Type:

Smartphones
Tablets

By Pricing:

Low
Medium
Premium

By Distribution Channel:

Multi Brand Stores
- Organized
- Independent
Single Brand Stores
Online

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global 4G (LTE) Devices Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global 4G (LTE) Devices Market Outlook, 2019-2031

3.1. Global 4G (LTE) Devices Market Outlook, By Device Type, Value (US$ Bn), 2019-2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Smartphones
  - 3.1.1.2. Tablets
3.2. Global 4G (LTE) Devices Market Outlook, By Pricing, Value (US$ Bn), 2019-2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Low
  - 3.2.1.2. Medium
  - 3.2.1.3. Premium
3.3. Global 4G (LTE) Devices Market Outlook, By Distribution Channel, Value (US$ Bn), 2019-2031
- 3.3.1. Key Highlights
  - 3.3.1.1. Single Brand Stores
  - 3.3.1.2. Multi-Brand Stores
    - 3.3.1.2.1. Independent
    - 3.3.1.2.2. Organized
  - 3.3.1.3. Online
3.4. Global 4G (LTE) Devices Market Outlook, by Region, Value (US$ Bn), 2019-2031
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Latin America
  - 3.4.1.5. Middle East & Africa

4. North America 4G (LTE) Devices Market Outlook, 2019-2031

4.1. North America 4G (LTE) Devices Market Outlook, By Device Type, Value (US$ Bn), 2019-2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Smartphones
  - 4.1.1.2. Tablets
4.2. North America 4G (LTE) Devices Market Outlook, By Pricing, Value (US$ Bn), 2019-2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Low
  - 4.2.1.2. Medium
  - 4.2.1.3. Premium
4.3. North America 4G (LTE) Devices Market Outlook, By Distribution Channel, Value (US$ Bn), 2019-2031
- 4.3.1. Key Highlights
  - 4.3.1.1. Single Brand Stores
  - 4.3.1.2. Multi-Brand Stores
    - 4.3.1.2.1. Independent
    - 4.3.1.2.2. Organized
  - 4.3.1.3. Online
4.4. North America 4G (LTE) Devices Market Outlook, by Country, Value (US$ Bn), 2019-2031
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S. 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 4.4.1.2. U.S. 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 4.4.1.3. U.S. 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 4.4.1.4. Canada 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 4.4.1.5. Canada 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 4.4.1.6. Canada 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
- 4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe 4G (LTE) Devices Market Outlook, 2019-2031

5.1. Europe 4G (LTE) Devices Market Outlook, By Device Type, Value (US$ Bn), 2019-2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Smartphones
  - 5.1.1.2. Tablets
5.2. Europe 4G (LTE) Devices Market Outlook, By Pricing, Value (US$ Bn), 2019-2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Low
  - 5.2.1.2. Medium
  - 5.2.1.3. Premium
5.3. Europe 4G (LTE) Devices Market Outlook, By Distribution Channel, Value (US$ Bn), 2019-2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Single Brand Stores
  - 5.3.1.2. Multi-Brand Stores
    - 5.3.1.2.1. Independent
    - 5.3.1.2.2. Organized
  - 5.3.1.3. Online
5.4. Europe 4G (LTE) Devices Market Outlook, by Country, Value (US$ Bn), 2019-2031
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 5.4.1.2. Germany 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 5.4.1.3. Germany 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 5.4.1.4. U.K. 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 5.4.1.5. U.K. 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 5.4.1.6. U.K. 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 5.4.1.7. France 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 5.4.1.8. France 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 5.4.1.9. France 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 5.4.1.10. Italy 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 5.4.1.11. Italy 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 5.4.1.12. Italy 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 5.4.1.13. Turkiye 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 5.4.1.14. Turkiye 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 5.4.1.15. Turkiye 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 5.4.1.16. Russia 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 5.4.1.17. Russia 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 5.4.1.18. Russia 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 5.4.1.19. Rest of Europe 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 5.4.1.20. Rest of Europe 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 5.4.1.21. Rest of Europe 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific 4G (LTE) Devices Market Outlook, 2019-2031

6.1. Asia Pacific 4G (LTE) Devices Market Outlook, By Device Type, Value (US$ Bn), 2019-2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Smartphones
  - 6.1.1.2. Tablets
6.2. Asia Pacific 4G (LTE) Devices Market Outlook, By Pricing, Value (US$ Bn), 2019-2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Low
  - 6.2.1.2. Medium
  - 6.2.1.3. Premium
6.3. Asia Pacific 4G (LTE) Devices Market Outlook, By Distribution Channel, Value (US$ Bn), 2019-2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Single Brand Stores
  - 6.3.1.2. Multi-Brand Stores
    - 6.3.1.2.1. Independent
    - 6.3.1.2.2. Organized
  - 6.3.1.3. Online
6.4. Asia Pacific 4G (LTE) Devices Market Outlook, by Country, Value (US$ Bn), 2019-2031
- 6.4.1. Key Highlights
  - 6.4.1.1. China 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 6.4.1.2. China 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 6.4.1.3. China 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 6.4.1.4. Japan 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 6.4.1.5. Japan 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 6.4.1.6. Japan 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 6.4.1.7. South Korea 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 6.4.1.8. South Korea 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 6.4.1.9. South Korea 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 6.4.1.10. India 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 6.4.1.11. India 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 6.4.1.12. India 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 6.4.1.13. Southeast Asia 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 6.4.1.14. Southeast Asia 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 6.4.1.15. Southeast Asia 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 6.4.1.16. Rest of Asia Pacific 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 6.4.1.17. Rest of Asia Pacific 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 6.4.1.18. Rest of Asia Pacific 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America 4G (LTE) Devices Market Outlook, 2019-2031

7.1. Latin America 4G (LTE) Devices Market Outlook, By Device Type, Value (US$ Bn), 2019-2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Smartphones
  - 7.1.1.2. Tablets
7.2. Latin America 4G (LTE) Devices Market Outlook, By Pricing, Value (US$ Bn), 2019-2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Low
  - 7.2.1.2. Medium
  - 7.2.1.3. Premium
7.3. Latin America 4G (LTE) Devices Market Outlook, By Distribution Channel, Value (US$ Bn), 2019-2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Single Brand Stores
  - 7.3.1.2. Multi-Brand Stores
    - 7.3.1.2.1. Independent
    - 7.3.1.2.2. Organized
  - 7.3.1.3. Online
7.4. Latin America 4G (LTE) Devices Market Outlook, by Country, Value (US$ Bn), 2019-2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Brazil 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 7.4.1.2. Brazil 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 7.4.1.3. Brazil 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 7.4.1.4. Mexico 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 7.4.1.5. Mexico 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 7.4.1.6. Mexico 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 7.4.1.7. Argentina 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 7.4.1.8. Argentina 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 7.4.1.9. Argentina 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 7.4.1.10. Rest of Latin America 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 7.4.1.11. Rest of Latin America 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 7.4.1.12. Rest of Latin America 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa 4G (LTE) Devices Market Outlook, 2019-2031

8.1. Middle East & Africa 4G (LTE) Devices Market Outlook, By Device Type, Value (US$ Bn), 2019-2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Smartphones
  - 8.1.1.2. Tablets
8.2. Middle East & Africa 4G (LTE) Devices Market Outlook, By Pricing, Value (US$ Bn), 2019-2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Low
  - 8.2.1.2. Medium
  - 8.2.1.3. Premium
8.3. Middle East & Africa 4G (LTE) Devices Market Outlook, By Distribution Channel, Value (US$ Bn), 2019-2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Single Brand Stores
  - 8.3.1.2. Multi-Brand Stores
    - 8.3.1.2.1. Independent
    - 8.3.1.2.2. Organized
  - 8.3.1.3. Online
8.4. Middle East & Africa 4G (LTE) Devices Market Outlook, by Country, Value (US$ Bn), 2019-2031
- 8.4.1. Key Highlights
  - 8.4.1.1. GCC 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 8.4.1.2. GCC 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 8.4.1.3. GCC 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 8.4.1.4. South Africa 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 8.4.1.5. South Africa 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 8.4.1.6. South Africa 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 8.4.1.7. Egypt 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 8.4.1.8. Egypt 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 8.4.1.9. Egypt 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 8.4.1.10. Nigeria 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 8.4.1.11. Nigeria 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 8.4.1.12. Nigeria 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
  - 8.4.1.13. Rest of Middle East & Africa 4G (LTE) Devices Market By Device Type, Value (US$ Bn), 2019-2031
  - 8.4.1.14. Rest of Middle East & Africa 4G (LTE) Devices Market By Pricing, Value (US$ Bn), 2019-2031
  - 8.4.1.15. Rest of Middle East & Africa 4G (LTE) Devices Market By Distribution Channel, Value (US$ Bn), 2019-2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Market Share Analysis, 2023
9.2. Competitive Dashboard
9.3. Company Profiles
- 9.3.1. Apple, Inc.
  - 9.3.1.1. Company Overview
  - 9.3.1.2. Product Portfolio
  - 9.3.1.3. Financial Overview
  - 9.3.1.4. Business Strategies and Development
- 9.3.2. Samsung Electronics
  - 9.3.2.1. Company Overview
  - 9.3.2.2. Product Portfolio
  - 9.3.2.3. Financial Overview
  - 9.3.2.4. Business Strategies and Development
- 9.3.3. ZTE Corporation
  - 9.3.3.1. Company Overview
  - 9.3.3.2. Product Portfolio
  - 9.3.3.3. Financial Overview
  - 9.3.3.4. Business Strategies and Development
- 9.3.4. Huawei Technology Company Limited
  - 9.3.4.1. Company Overview
  - 9.3.4.2. Product Portfolio
  - 9.3.4.3. Financial Overview
  - 9.3.4.4. Business Strategies and Development
- 9.3.5. Lenovo Group Limited
  - 9.3.5.1. Company Overview
  - 9.3.5.2. Product Portfolio
  - 9.3.5.3. Financial Overview
  - 9.3.5.4. Business Strategies and Development
- 9.3.6. ASUSTek Computer, Inc.
  - 9.3.6.1. Company Overview
  - 9.3.6.2. Product Portfolio
  - 9.3.6.3. Financial Overview
  - 9.3.6.4. Business Strategies and Development
- 9.3.7. Xiaomi, Inc.
  - 9.3.7.1. Company Overview
  - 9.3.7.2. Product Portfolio
  - 9.3.7.3. Financial Overview
  - 9.3.7.4. Business Strategies and Development
- 9.3.8. LG Electronics, Inc.
  - 9.3.8.1. Company Overview
  - 9.3.8.2. Product Portfolio
  - 9.3.8.3. Financial Overview
  - 9.3.8.4. Business Strategies and Development
- 9.3.9. Panasonic Corporation
  - 9.3.9.1. Company Overview
  - 9.3.9.2. Product Portfolio
  - 9.3.9.3. Financial Overview
  - 9.3.9.4. Business Strategies and Development
- 9.3.10. Localytics Company
  - 9.3.10.1. Company Overview
  - 9.3.10.2. Product Portfolio
  - 9.3.10.3. Financial Overview
  - 9.3.10.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations