3G/4G devices: Key market research findings
- Shutdown of 2G networks drives market growth
- The smartphone segment is the dominant shareholder
- Key vendors—Amazon, Apple, ASUSTek Computer, Huawei Technologies, Lenovo, LG, Netgear, Novatel Wireless, Samsung, and ZTE
Technavio’s market research analysts predict the global 3G/4G devices market to grow at a CAGR of almost 4% between 2016 and 2020. The market is driven primarily by the shutdown of 2G connectivity. The increasing availability of high-speed 3G/4G internet services is enabling faster web browsing, faster streaming of videos, and better performance of GPS. As a result, many countries are opting for 3G/4G connectivity by the shutting down of 2G mobile networks to increase the bandwidth allocated to 3G/4G mobile networks. At present, the Americas dominate the market by accounting for more than 38% of the overall market share. The increasing penetration of smartphones, tablets, and mobile hotspots is expected to contribute to growth in the 3G/4G market in the Americas by 2020.
The new market research report from Technavio presents a breakdown and analysis of the 3G/4G segments based on products.
“The emergence of next-generation wireless networks is an ongoing trend in the market. The global deployment of next-generation wireless networks such as 3G, 4G, and 5G is on rise owing to the increasing popularity of mobile communication devices. The ability of these networks to provide broadband-like connectivity is triggering an increase in the number of users. The development of next-generation wireless infrastructure enables consumers and business enterprises to access the internet from anywhere, thereby driving the demand for mobile hotspots,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Currently, the smartphone segment dominates the market by accounting for a market share of almost 95%. Increasing internet usage amongst the population is augmenting the growth of this segment. Internet-enabled smartphones can be used for various purposes such as accessing social networking apps, reading the news, surfing the web, and checking email. The smartphone segment is also expected to benefit from the growth of the Internet of things (IoT) as most IoT-enabled devices are controlled using apps installed on smartphones and tablets.
The key vendors in the market include Amazon, Apple, ASUSTek Computer, Huawei Technologies, Lenovo, LG, Netgear, Novatel Wireless, Samsung, and ZTE. Owing to the presence of several vendors, this market appears highly fragmented. The market is highly competitive due to the strong position of existing vendors. Constant advances in technology, and the increased adoption of wireless broadband devices will intensify the level of competition in the market during the forecast period.
A more detailed analysis is available in the Technavio report, Global 3G/4G Devices Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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