LTE Chipset Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

The global LTE chipset market is expected to witness considerable growth over the forecast period owing to the rapidly changing communication technologies. Technological advancements in IEEE protocols are the prime drivers influencing the market. Emergence of several chipset solutions has led to an evolution of networks delivering pervasive connectivity from voice to data-centric networks. LTE chipsets offer a wireless communication standard for high-speed data terminals. This in turn provides enhanced capacity per site and minimizes the cost per gigabyte, which is anticipated to propel market growth over the next six years.

LTE chipset solutions include a high-performance processor, LTE baseband, a transceiver as well as an array of peripherals for multimedia and connectivity. The integrated transceiver offers a direct conversion, configurable, and multiple bandwidth functionality for all LTE bandwidths. LTE chipset solutions are ideal for tablets, smartphones, mobile hotspots, USB dongles, and ultra-books. Improvement in product integration as well as support for all frequency brands is estimated to have great potential in the market over the forecast period.

The market is projected to experience escalating demand for higher mobility, higher data speed, and enhanced applications. The industry demand can be fulfilled with highly integrated LTE single-chip that includes both baseband (BB) and Radio Frequency (RF). Lower power consumption, easy device integration, and smaller form factor are estimated to propel market growth over the forecast period. Commercially available LTE single-chip has accomplished field trials, IOT testing, and certification with tier-one manufacturers globally.

The LTE chipset market has experienced significant technological changes owing to substantial modifications in the system. Innovation and technology propagation is expected to drive the market resulting in a plunge in the prices. The market demand for LTE chipsets is expected to be positively impacted by embedded technology, and system-on-chip (SoC) advancements. Introduction of new frequency bands or spectrum is predicted to boost the market over the forecast period. Explosive growth in portable and handheld consumer electronic devices is forecasted to propel the market growth over the next six years.

Massive addressable markets of LTE chipsets integrating numerous wireless technologies are expected to generate high-revenue prospects for the market over the forecast period.  This can be attributed to high-performance LTE segments, which is expected to reduce product prices in a few years Emerging trend for smart homes is expected to be a key market opportunity. However, unmet issues, need for advanced technology platforms, and licensing of trademarked technologies as well as intellectual property are anticipated to act as a restraint for the market expansion over the forecast period. Rising manufacturing costs along with development of massive and complex embedded chipsets are projected to hinder the market augmentation.

The major LTE chipset technologies include TD-LTE, LTE FDD, and LTE Advanced. The market can be segmented on the basis of components such as chipsets, LTE infrastructure, terminal devices, LTE testing equipment, and network service providers. LTE testing equipment is projected to have a significant share in the market over the forecast period. The LTE chipset market based on applications and services provided includes M2M, m-commerce, mobile cloud services, connected devices, P2P messaging, and public safety LTE. Rising need for enhanced data speed, increasing data-hungry applications, and demand for bandwidth has propelled the demand for LTE chipset solutions.

The North American region is expected to gain large market share over the forecast period owing to reduced product prices and higher demand of LTE chipset solutions. Favorable government regulations and environmental concerns in Europe are forecasted to drive market development in the region. Asia Pacific is estimated to have considerable growth over the forecast period on account of high demand for embedded technology advancements. Growing supplier power owing to high raw material prices is expected to adversely impact the consumer base in the region.

The major stakeholders in the LTE chipset market including the OEMs, suppliers, network equipment vendors, service providers (carriers), network infrastructure integrators, chipset vendors, software/application providers, and user equipment manufacturers, The major vendors in the market include Verizon Wireless, AT&T Inc., Sprint Corporation, China Mobile Ltd., T-Mobile US Inc., Bharti Airtel Ltd., Alcatel-Lucent, Ericsson, Nokia Solutions, Huawei Technologies Co. Ltd., and Networks B.V. (NSN).