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The 3G and 4G devices market size is estimated to grow at a CAGR of 10.02% between 2022 and 2027. The market size is forecast to increase by USD 335.03 billion. The growth of the market depends on several factors, including increasing demand for high-speed internet connectivity and data services, the proliferation of affordable 4G devices, and the rapid expansion of 4G network infrastructure. A 3G or 4G device is a cell phone, laptop, or other wireless device that can connect to the Internet using 3G or 4G technology. 3G and 4G technologies enable devices to access the internet faster than older technologies like 2.5G and 2G.
This 3G and 4G devices market report extensively covers market segmentation by type (mobile hotspots, tablets, smartphones, modems, and others), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The rising demand for higher data rates and higher spectral efficiency is a key driver of market growth. The public sector, such as public security, education, and defense, supports the development of the market. Implementation in these industries requires high-speed communications in emergency situations and 4G is the ideal network to meet this need. Changing customer and growing demand for high-speed mobile broadband particularly in developing countries such as India and China is increasing in developing countries. As a result, telecom service providers such as Bharti Airtel Limited (Bharti Airtel), and Vodafone Group Plc (Vodafone) significantly increase the number of 4G network deployments in these countries. In developing nations, such as India and China, there is an increase in the demand for high-speed mobile broadband due to changing consumer preferences. As a result, telecom service providers like Vodafone Group Plc (Vodafone) and Bharti Airtel Limited (Bharti Airtel) dramatically expand the number of 4G network deployments in this nation. For example, in February 2023, Bharti Airtel Limited (Bharti Airtel) reported its 4G data customers have increased by 6.4 million and currently stood at 216.72 million users. Hence, the raised demand for high-speed internet will boost the growth of the market in focus during the forecast period.
Increased demand for internet from rural areas is the primary trend notably driving the growth of the global 3G and 4G devices market. The characteristics of Internet services in rural areas with settlements outside of cities are referred to as rural Internet. Fixed wireless internet is a popular option in rural or remote areas where traditional wired connections are not possible. Internet connectivity in rural areas remains a concern and network users often face difficult problems. For instance, inconsistent and inadequate power supply is always a big threat in rural areas. Optional power sources are required because wireless devices require continuous power for their uniform operation. Despite the fact that rural areas often face regular power shortages and problems, internet users are rising in rural areas. hence the increasing number of internet users in rural India will drive the growth of the market focus during the forecast period.
3G And 4G Devices Market Restrain
The emergence of 5G in urban areas is the key challenge for the growth of the global 3G and 4G devices market. With higher device density 5G is a fifth-generation cellular network with significantly higher data speeds and very lower delay. With the adoption of 5G networks, massive machine-type communications (MMTC) can be easily established and applicable. Thus, the need for 5G networks for faster data transmission and communications will rise. The rising development of urban areas will fuel the demand for high-bandwidth network connections with high-speed and minimal connection lag and delay. As a result, the demand for 5G services will rise to ensure high-density network connectivity to cater to urban areas which will impede the market in focus during the forecast period.
The market share growth by the mobile hotspot segment will be significant during the forecast period. Mobile hotspot shares mobile Internet connection through 3G and 4G (LTE) devices with other devices such as computers, laptops, and another mobile phone. The connection of a mobile device to other devices can be via WLAN, Bluetooth, or via a physical connection via cable, and via USB. Pocket routers access cellular signals and convert 3G and 4G signals to WiFi. Such mobile WiFi networks can be shared by multiple users within a radius of about 10 meters from the device.
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The mobile hotspot segment shows a gradual increase in the market share of USD 129.54 billion in 2017 and continue to grow by 2021. Mobile hotspot devices and internet data plans are often offered by cellular service providers. Due to factors such as the rising need for mobile internet access, the growing popularity of smartphones and laptops, and the rise of remote working and virtual collaboration, the global market for mobile hotspots is predicted to develop rapidly. With the development of 4G networks, the Internet of Things, and the demand for dependable and secure mobile hotspot solutions, will grow the market during the forecast period.
The offline segment includes departmental stores, supermarkets, hypermarkets, convenience stores, and shopping malls. For instance, Tesco Plc (Tesco), Walmart Inc. (Walmart), and Target Corp. (Target) are some of the largest retail chains that have separate retailing sections for 3G and 4G (LTE) devices. Market players and manufacturers are using promotional activities and marketing strategies such as branding through signages and discounts on product packages at their stores. Factors such as discounted prices, a comfortable shopping experience, and attractive shelf displays encourage consumers to buy 3G 4G devices, based on the specification and type, from supermarkets and hypermarkets. They can reach out to consumers on their own rather than depending on independent retailers to sell their products. Many consumers prefer local stores for buying supplies and service products like 3G and 4G smartphones. Hence, these factors are expected to raise the demand for 3G and 4G devices in the offline segment, which will drive the market during the forecast period.
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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The APAC market is showing growth due to the growing popularity of mobile connectivity in emerging markets like India and China. Moreover, the rising demand for data services and the increasing number of Internet users are also contributing to the growth of the regional market. In APAC countries such as China, India, Indonesia, and Vietnam are increasing at a rapid pace with the increase in the number of internet users. According to a report, the number of internet users in China exceeds 1 billion in January 2023, whereas in India it is 692 million. In addition to that, the increasing number of smartphone users in the region is growing rapidly. Such factors will contribute to the growth of the regional 3G and 4G (LTE) Devices market during the forecast period.
The spread of COVID-19 negatively impacted the economy of APAC, including China, India, and Japan, in 2020. However, with large-scale vaccination drives arranged by the government of the APAC countries, the number of COVID-19 cases started getting lower, which led to the resumption of business activities and the demand for 3G and 4G devices exceeded. The Hindustan Times reported in January 2023 that Samsung Group (Samsung) planned to introduce a 4G LTE variant of the S21 smartphone series. The National Aeronautics and Space Administration (NASA) and Nokia Corporation (Nokia) collaborated to deploy a lunar 4G Long term evolution (LTE) network in March 2023 with the aim of enabling cellular technology on the moon. Therefore, such factors will accelerate the growth of the 3G and 4G devices market in the APAC region during the forecast period.
The 3G and 4G Devices Market industry report include the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global 3G and 4G Devices Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The 3G and 4G devices market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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3G And 4G Devices Market Scope |
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Report Coverage |
Details |
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Page number |
163 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.02% |
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Market growth 2023-2027 |
USD 335.03 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
9.21 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 38% |
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Key countries |
US, China, South Korea, Taiwan, and Japan |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amazon.com Inc., Apple Inc., ASUSTeK Computer Inc., Bharti Airtel Ltd., Digi International Inc., Hexagon AB, Huawei Technologies Co. Ltd., Intel Corp., Lenovo Group Ltd., LG Electronics Inc., Milesight, Netgear Inc., Panasonic Holdings Corp., Reliance Industries Ltd., Samsung Electronics Co. Ltd., Sensata Technologies Inc., Siretta Ltd., Xiaomi Communications Co. Ltd., and ZTE Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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