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The Global LTE Base Station System Market size is expected to reach $65.5 billion by 2023, rising at a market growth of 17.3% CAGR during the forecast period. LTE is a standard for high-speed wireless communication used in mobile phones and data terminals, to raise the capacity and speed, with the help of different radio interface, together with core network improvements. LTE base stations offer main link in a chain, connecting the users to a mobile network. It is one of the crucial components used in delivering quality service, separating incumbency from obsolescence. Higher network traffic in the working hours, and need for faster data transmission, especially in the urban areas have added to the growth of the LTE base station system market. Additionally, growth of smart city projects, integrating digital technologies and M2M communications to support connected solutions in various developing regions and development of LTE5G technology would add to the market opportunities.
Based on Product Type, the market report segments the market into TDD LTE and FDD LTE. Based on End User, the Global LTE Base Station System market segments the market into Enterprises and Residential & Small Office or Home Office (SOHO). Based on Regions, the Global LTE Base Station System market segments the market into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The market research report covers the competition analysis of key stake holders of the Global LTE Base Station System Market. Key companies profiled in the report include Ericsson AB, Huawei Technologies Co., Ltd., Nokia Corporation, ZTE Corporation, Alpha Networks, Inc., AT&T Inc., Airspan, Cisco Systems, Inc., Commscope, Inc., and Motorola Solutions, Inc.