P e r s i s t e n c e M a r k e t R e s e a r c h
The global 4G ( LTE ) devices market is segmented on the basis of Device Type ( Smartphones , Tablets ); Pricing ( Low , Low-Mid , Mid-High , Premium ); Distribution Channel ( Multi-brand Store [ Organized , Independent ], Single brand Store , Online ); and Region ( North America , Latin America , Europe , Asia-Pacific , and Middle East & Africa ). Globally , the single brand store distribution channel segment is expected to witness significant growth over the forecast period as compared to the multi-brand store and online distribution channel segments , which are expected to witness relatively flat growth rates over the forecast period . In terms of value , the low price range segment in the Asia Pacific 4G ( LTE ) devices market accounted for 37.6 % share in 2015 . The developing countries in this region showcase the huge potential for low-end 4G ( LTE ) smartphones and tablets due to the advancements in network infrastructure .
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This report covers trends driving each segment and offers analysis and insights into the potential of the global 4G ( LTE ) devices market in specific regions . The 4G ( LTE ) devices market in Asia Pacific and North America is expected to register high growth rates between 2016 and 2024 . In terms of value , Asia Pacific is expected to create an incremental opportunity of US $ 315.0 Bn between 2016 and 2024 . Europe has a relatively small but significant market share in the global 4G ( LTE ) devices market , as mobile device manufacturers in this region are relatively less prominent . The 4G ( LTE ) devices market in Asia Pacific is expected to gain substantial market share owing to a high demand from consumers based in countries such as China , Indonesia , and India . The 4G ( LTE ) devices market in Asia Pacific accounted for 35.9 % market share in 2016 and is expected to gain 1,145 BPS to account for 47.4 % market value share by 2024 . The 4G ( LTE ) devices market in North America is expected to continue being the second largest market over the forecast period as there is maximum mobile device penetration in that region .
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The report profiles some of the leading players operating in the global 4G ( LTE ) devices market such as Apple Inc ., Samsung Electronics , ZTE Corporation , Huawei Technology Company Limited , Lenovo Group Limited , ASUSTeK Computer Inc ., Xiaomi Inc ., and LG Electronics Inc . Top market companies are focusing on increasing their offline presence by partnering with local retailers and are also making a swift strategic transition from 3G to 4G cellular data consumption .
Global Global 4G ( LTE ) Devices Market 2016-2024