4G Equipment Market Size, Share, Growth Analysis, By Technology(LTE-FDD, LTE-TDD, and LTE-advanced), By Application(Telecommunications, Automotive, Healthcare, and more), By Region - Industry Forecast 2024-2031

Drivers

Growing Demand for Mobile Data

• Since the global population has started to use several gadgets like smartphones, tablets, and other connected devices on a frequent basis, mobile data usage has grown. Mobile data is essential in today’s world as people continue to use data-intensive applications like internet gaming, social media, and video streaming. Telecom providers must update to 4G technology in order to accommodate this demand, thus providing speedy internet rates and increased capacity when compared to earlier technologies.

Internet of Things (IoT) Connectivity

• The augmentation of IoT devices and other applications have boosted the demand for connectivity and network efficiency. 4G technology offers a far more secure and strong connection for IoT devices, helping in real-time data gathering, monitoring, and automation across several industries like healthcare, manufacturing, transportation, and smart cities.

Restraints

Infrastructure Costs

• Substantial investments have to be made to set up the infrastructure needed to change to using 4G technology, such as spending on base stations, towers, and other network parts. Thus, telecom operators and network equipment manufacturers have to spend a significant amount in installation costs alone. This could pose a problem, especially for smaller businesses or firms working in resource-constrained areas.

Spectrum Allocation

• It can be difficult to find suitable radio frequency spectrum for 4G networks. Since spectrum is a limited resource, the regulatory and allocation procedures for dividing spectrum licenses can occasionally be difficult and drawn out. This can cause 4G network rollout delays in some areas.