PUBLISHER: The Business Research Company | PRODUCT CODE: 1710994
PUBLISHER: The Business Research Company | PRODUCT CODE: 1710994
Long-Term Evolution Advanced Pro (LTE-A Pro), also known as LTE Advanced Pro, is an enhanced version of the LTE mobile network standard. It delivers improved performance and capabilities, including faster data speeds, increased network capacity, and enhanced coverage. LTE-A Pro introduces advanced features such as carrier aggregation, higher-order MIMO (multiple input, multiple output), and enhanced network efficiency, providing users with a more robust and faster wireless experience.
The core technologies of LTE-A Pro include Software-Defined Networking (SDN) and Network Function Virtualization (NFV). SDN is a network management approach that allows for dynamic and programmatically efficient network configuration, thereby enhancing network performance and monitoring. LTE-A Pro's infrastructure differs from traditional small cell, macro cell, radio access network (RAN) equipment, and distributed antenna systems (DAS), serving a wide range of end users including retail, transportation, healthcare, residential, industrial, and commercial sectors.
The LTE advanced pro market research report is one of a series of new reports from The Business Research Company that provides LTE advanced pro market statistics, including LTE advanced pro industry global market size, regional shares, competitors with an LTE advanced pro market share, detailed LTE advanced pro market segments, market trends, and opportunities, and any further data you may need to thrive in the LTE advanced pro industry. This LTE advanced pro market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The LTE advanced pro market size has grown exponentially in recent years. It will grow from $8.82 $ billion in 2024 to $19.79 $ billion in 2025 at a compound annual growth rate (CAGR) of 124.4%. The growth in the historic period can be attributed to government initiatives towards upgrading communication network infrastructures, LTE advanced pro delivers higher bitrates in cost-efficient manner, improved efficiency with additional functionality, reduced latency and optimized connectivity to usher growth avenues, growing demand for improved network coverage.
The LTE advanced pro market size is expected to see exponential growth in the next few years. It will grow to $498.2 $ billion in 2029 at a compound annual growth rate (CAGR) of 124.0%. The growth in the forecast period can be attributed to growing demand for improving network efficiency, growing need towards improved network performance, increasing demand for high-speed internet, rapid urbanization as well as demand towards modified networks, growing need for advanced applications such as iot. Major trends in the forecast period include enhanced carrier aggregation, massive MIMO, network slicing, improved latency reduction, advanced IoT support.
The growing demand for high-speed internet is expected to drive the expansion of the LTE Advanced Pro market. High-speed internet, or broadband, provides significantly faster data transmission speeds compared to traditional dial-up connections. The rise in data-intensive applications, the increasing number of connected devices, and the need for seamless online experiences in both personal and professional contexts are fueling this demand. LTE Advanced Pro supports high-speed internet by utilizing advanced technologies such as carrier aggregation and higher-order MIMO to offer faster, more efficient, and reliable wireless connectivity. For example, Eurostat reported in August 2022 that high-speed internet coverage in the European Union increased to 73.4% of households in 2022, up from 59.6% in 2020, highlighting the growing need for high-speed internet and the corresponding growth in the LTE Advanced Pro market.
Major companies in the LTE Advanced Pro market are advancing technologies like Wi-Fi routers to improve connectivity and internet speeds, enhance network reliability, and meet the rising demand for high-quality streaming and online services. Wi-Fi routers are networking devices that wirelessly transmit data, enabling multiple devices to connect to the internet or a local network without the need for physical cables. For example, in July 2024, Cudy Pte. Ltd., a Singapore-based edtech company, introduced 4G LTE Wi-Fi routers with new casing designs. These routers are specifically developed to provide high-speed internet connectivity for educational institutions and remote learners, ensuring consistent access to online resources. With improved performance and user-friendly interfaces, these routers aim to help students and teachers remain connected no matter their location, supporting uninterrupted online learning experiences.
In August 2022, Semtech Corporation, a US-based semiconductor company, acquired Sierra Wireless Inc., a Canada-based provider of LTE Advanced Pro, for an undisclosed amount. This acquisition aims to integrate LoRa and cellular technologies into a comprehensive IoT platform, enhancing Sierra Wireless's capabilities and boosting high-margin IoT cloud service revenues.
Major companies operating in the LTE advanced pro market are Samsung Electronics Co Ltd, Verizon Communications Inc, Huawei Technologies Co Ltd, Intel Corporation, Cisco Systems Inc, Qualcomm Technologies Inc., Telefonaktiebolaget LM Ericsson, Nokia Corporation, MediaTek, ZTE Corporation, CommScope, Qorvo Inc, Sierra Wireless, Zones LLC, Cradlepoint, Teldat S.A., MultiVu, Provantage LLC, Telcoma Global, Baltic Network
North America was the largest region in the LTE advanced pro market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the LTE advanced pro market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the LTE advanced pro market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The LTE advanced pro market consists of revenues earned by entities by the provision of advanced network infrastructure, including base stations, antennas, and core network equipment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
LTE Advanced Pro Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on lte advanced pro market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for lte advanced pro ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The lte advanced pro market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.