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

4G Equipment Market size was valued at USD 96.83 Billion in 2022 and is poised to grow from USD 116.48 Billion in 2023 to USD 510.59 Billion by 2031, growing at a CAGR of 20.29% during the forecast period (2024-2031).

Key competitors in the worldwide 4G equipment market are engaged in fierce competition as they try to take advantage of the rising demand for modern communication technologies. Industry giants with extensive portfolios of 4G infrastructure solutions, like Huawei, Ericsson, Nokia, and ZTE, lead the market. These businesses place a strong emphasis on innovation and spend a lot of money on R&D to improve network capabilities, data speeds, and coverage. Additionally, partnerships with telecom companies and government programs for digital transformation increase the level of competition. Emerging competitors like Samsung and Cisco compete in the market as well, taking significant market shares by utilizing their technological know-how. Competition is expected to remain severe as the industry develops towards 5G and beyond, driven by the constant quest to provide superior connectivity, flawless experiences, and effective network management to meet the soaring data demands of a digitally connected world. 'Huawei Technologies Co., Ltd. - China', 'Ciena Corporation - USA', 'D-Link Corporation - Taiwan', 'ZTE Corporation - China', 'Nokia Corporation - Finland', 'Adtran, Inc. - USA', 'Fujitsu Limited - Japan', 'Juniper Networks, Inc. - USA', 'Ericsson - Sweden', 'Mitsubishi Electric Corporation - Japan', 'Alcatel-Lucent Enterprise - France', 'NEC Corporation - Japan', 'Infinera Corporation - USA', 'Redline Communications - Canada', 'Telrad Networks - Israel', 'Cisco Systems, Inc. - USA', 'Samsung Electronics Co., Ltd. - South Korea', 'Motorola Solutions, Inc. - USA', 'Radwin - Israel', 'CommScope - USA'

Since the 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.

Transition to 5G Technology: Though 4G technology remains relevant till now, the introduction of 5G technology was starting to spread like wildfire around the globe. The introduction and expansion of 5G networks across the globe did impact the consumer demand for 4G equipment, hampering market growth. Thus, the 4G equipment industry began to produce models and products which could work with both 4G and 5G technologies to accommodate this substantial change in the connectivity sector.

The adoption of 4G technology has been significantly influenced by the North American region. Large 4G networks and a high demand for cutting-edge communication technology are present in the United States and Canada. To accommodate the rising data demands of consumers and companies, major telecom providers have extensively invested in improving and broadening their networks.