Overview of the global 4G devices market
Technavio's market research analysis identifies the rise in usage of the Internet as one of the primary factors that will have a positive impact on the growth of the 4G devices market. It has been observed that there are more than 1.2 billion websites on the World Wide Web. Additionally, about 550 million tweets are sent from Twitter everyday and on an average more than 1.9 billion users are online on their Facebook accounts daily. With the rise in digital communication, increasing usage of social media channels, and the popularity of e-commerce, the penetration of the Internet will further increase in the coming years. This will fuel the need for 4G networks, which will in turn, drive the growth prospects of the 4G devices market. Our market research analysts predict that the global 4G devices market will grow steadily at a CAGR of almost 9% by 2021.
One of the major trends that will gain traction in the 4G devices market in the coming years is the rising popularity of IoT. The adoption of IoT helps in making home appliances more reactive to the external conditions. Additionally, IoT can also help in monitoring inventories and create self-analyzing devices that will enable people to take better decisions. Moreover, it also enables remote access of appliances and help in improving safety and security, time management, and reduce costs. With such benefits, the popularity of IoT will increase in the coming years, which will subsequently demand the need for better mobile networks and devices.
Competitive landscape and key vendors
This report analyzes the competitive scenario of the 4G devices market based on the various product categories. The vendors in the smartphone and tablets product segments focus on reaching their customers through various distribution channels such as direct, e-commerce, and brick and mortar stores and the vendors in the mobile broadband modems sector prefer telecom operators than the direct sales channel. Product differentiation and technology upgradations are the major competitive factors among the vendors in this marketspace.
The leading vendors in the market are -
- Apple
- Huawei Technologies
- Lenovo
- LG
- NETGEAR
- Novatel Wireless
- OPPO
- Samsung
- Sony
- Vivo Communication Technology
- Xiaomi
- ZTE
Segmentation by product type and analysis of the 4G devices market
- Smartphones
- Tablets
- Mobile broadband modems
During 2016, the smartphone segment accounted for the major shares of the 4G devices market. it has been observed that the adoption of smartphones will increase in the coming years and will reach more than 2 billion shipments by 2021.
Geographical segmentation and analysis of the 4G devices market
This market study estimates that in terms of geographic regions, APAC was the major revenue contributor to the market during 2016. The consumers in this region are highly price-sensitive which is inducing several smartphone vendors such as Vivo and Xiaomi to offer low-cost smartphones. The growth of the e-commerce industry, the rise in disposable incomes, and rapid urbanization are the major factors fueling the adoption of 4G devices in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global 4G devices market?
- What are the key market trends impacting the growth of the global 4G devices market?
- What are the challenges to market growth?
- Who are the key vendors in the global 4G devices market?
- What are the market opportunities and threats faced by the vendors in the global 4G devices market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global 4G devices market?
Technavio also offers customization on reports based on specific client requirement.
This new report by Technavio on the global 4G devices market is an essential part of the hardware and semiconductor portfolio under the fast-growing subdivision like computing devices. This report aims at estimating the major trends and market drivers that induce the growth of the computing devices industry. Strategic collaboration among supply chain members for the development of 4G and increasing adoption of BYOD and BYOA policies are the major trends in this industry according to our Technavio's market research experts.
Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape. Additionally, Vendors like ZTE, Xiaomi, Sony, Lenovo, Samsung, and Apple are covered under this upcoming industry research report on the global 4G devices market.
Growing demand for higher bandwidth applications and growing number of internet users are factors which may influence the demand for 4G devices in the coming years as predicted by our market specialists. Furthermore, geographies like the Americas, APAC, and EMEA are covered by this report on the global 4G devices market to offer clients the scope to identify potential market opportunities and expand in niche markets.
The upcoming industry report on the global 4G devices market also offers insights into the challenges faced by this industry like, the developments in 5G and ?high 4G tariff plans. Technavio also provides insights into the sectors such as human machine interface and semiconductor equipment.
Our market research methodology for the 4G devices market
Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.