Long-term Evolution (LTE) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Long-term Evolution (LTE) Market is segmented by Technology (LTE-TDD, LTE Advanced, LTT-FDD), by Application (Video on demand, VoLTE, High-speed Data Services, Defense and Security), by Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

Long-term Evolution (LTE) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Long-term Evolution (LTE) Market Size

Long-term Evolution (LTE) Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 53.33 Billion
Market Size (2030) USD 140.52 Billion
CAGR (2025 - 2030) 21.38 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Long-term Evolution (LTE) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Long-term Evolution (LTE) Market Analysis

The Long-term Evolution Market size is estimated at USD 53.33 billion in 2025, and is expected to reach USD 140.52 billion by 2030, at a CAGR of 21.38% during the forecast period (2025-2030).

The continuous proliferation of smartphones across the globe has increased the average data consumption by an average man, which has increased the need for LTE services, driving the market.

  • Many businesses across the globe have been growing, and so require data, owing to the digitization of every aspect of the business. Telecommunication companies are making enormous investments in new and advanced wireless technologies and looking for better applications to provide payoffs.
  • LTE networks need to provide higher data rates and spectral efficiency to meet this growing demand for mobile data services. Higher data rates enable users to download and upload data more quickly, while greater spectral efficiency enables operators to use their existing spectrum more efficiently, allowing them to provide more data services to more users.
  • The increased adoption of Public Safety LTE (PS-LTE) is one of the key drivers of growth in the Long-Term Evolution (LTE) market. PS-LTE is a standard for mobile communications that are designed specifically for use by public safety agencies such as police, fire, and emergency medical services. It provides dedicated wireless broadband connectivity for public safety personnel, enabling them to access critical data and communication services in real time.
  • Compatibility issues can restrain LTE's growth, as they can create barriers to adoption and limit the ability of users to utilize the technology entirely. Compatibility issues can pose significant challenges to the growth and adoption of LTE technology.
  • The COVID-19 pandemic had a mixed impact on the LTE industry, with both positive and negative effects. However, the increased demand for mobile data and the expansion of telemedicine and e-commerce services highlighted the importance of LTE technology in enabling remote work and other online activities.

Long-term Evolution (LTE) Industry Overview

The Long-term Evolution (LTE) Market is highly fragmented, with major players like AT&T Inc., Verizon Communication Inc, Vodafone Inc, NTT DoCoMo Inc., and Qualcomm Inc. The players in the market are adopting strategies such as partnerships, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In January 2023, Vodafone successfully performed an internet call using its new network to enable connected devices, opening the path for crucial applications such as emergency monitoring and responsive healthcare in distant locations. The Voice over Long-Term Evolution (VoLTE) call, often known as 4G calling, was made in Italy over Vodafone's commercial Category M (CAT-M) network. The network is perfect for serving many Internet of Things (IoT) devices across a single mobile phone site without reducing service to smartphone users. This is Europe's first VoLTE call on active commercial CAT-M network infrastructure.

In July 2022, Nokia and AT&T Mexico established a partnership to deliver the benefits of 5G to the country. Nokia was also chosen as a strategic partner for AT&T Mexico's 5G Innovation Lab to investigate the creation of 5G use cases specific to Mexico and the local 5G ecosystem.

Long-term Evolution (LTE) Market Leaders

  1. AT&T Inc.

  2. Verizon Communication Inc

  3. Vodafone Inc

  4. NTT DoCoMo Inc.

  5. Qualcomm Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Long-term Evolution (LTE) Market Concentration
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Long-term Evolution (LTE) Market News

  • January 2023: Bharat Sanchar Nigam Limited (BSNL) and Echelon Edge have collaborated to build a private 5G network for enterprise customers. The agreement was signed for the latter's appointment as a captive non-public network provider (CNPNP) to provide CNPN services to corporate clients. This collaboration enables Echelon Edge to offer private long-term evolution (LTE) and 5G services using the BSNL spectrum designated for private networks. The company would build and operate private networks for its users in partnership with the telecom.
  • August 2022: Nokia and AT&T Mexico announced implementing an industrial-grade LTE private wireless network solution utilizing the Nokia Digital Automation Cloud (DAC) technology at the APM Terminals port in Puerto Progreso, Yucatan. AT&T Mexico's new private wireless network leverages 4.9G LTE to provide ubiquitous high-bandwidth, low-latency connection and increase network predictability in ports and yards. It would connect hundreds of personnel, sensors, equipment, and vehicles over 11.5 hectares reliably and securely.

Long Term Evolution Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Buyers/Consumers
    • 4.2.2 Bargaining Power of Suppliers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Need For Higher Data Rates and Greater Spectral Efficiency Driven By Increased Data Usage
    • 5.1.2 Increased Adoption of Public Safety LTE
  • 5.2 Market Restraints
    • 5.2.1 Availability of Limited Spectrum

6. MARKET SEGMENTATION

  • 6.1 By Technology
    • 6.1.1 LTE-TDD
    • 6.1.2 LTE Advanced
    • 6.1.3 LTT-FDD
  • 6.2 By Application
    • 6.2.1 Video on Demand
    • 6.2.2 VoLTE
    • 6.2.3 High Speed Data Services
    • 6.2.4 Defense and Security
    • 6.2.5 Other Applications
  • 6.3 By Geography
    • 6.3.1 North America
    • 6.3.2 Europe
    • 6.3.3 Asia-Pacific
    • 6.3.4 Latin America
    • 6.3.5 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 AT&T Inc.
    • 7.1.2 Verizon Communication Inc
    • 7.1.3 Vodafone Inc
    • 7.1.4 NTT DoCoMo Inc.
    • 7.1.5 Qualcomm Inc.
    • 7.1.6 Apple Inc.
    • 7.1.7 Samsung Electronics Co. Ltd.
    • 7.1.8 Ericsson Inc.
    • 7.1.9 Broadcom Corporation
    • 7.1.10 Microsoft Corporation
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Long-term Evolution (LTE) Industry Segmentation

Long-term Evolution (LTE) refers to a standard for a smooth and efficient transition toward more advanced leading-edge technologies to increase the capacity and speed of wireless data networks. LTE is often used to refer to wireless broadband or mobile network technologies.

The Long-term Evolution (LTE) Market is segmented by Technology (LTE-TDD, LTE Advanced, LTT-FDD), by Application (Video on demand, VoLTE, High-speed Data Services, Defense and Security), by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are provided in terms of value in USD for all the above segments.

By Technology LTE-TDD
LTE Advanced
LTT-FDD
By Application Video on Demand
VoLTE
High Speed Data Services
Defense and Security
Other Applications
By Geography North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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Long Term Evolution Market Research FAQs

How big is the Long-term Evolution (LTE) Market?

The Long-term Evolution (LTE) Market size is expected to reach USD 53.33 billion in 2025 and grow at a CAGR of 21.38% to reach USD 140.52 billion by 2030.

What is the current Long-term Evolution (LTE) Market size?

In 2025, the Long-term Evolution (LTE) Market size is expected to reach USD 53.33 billion.

Who are the key players in Long-term Evolution (LTE) Market?

AT&T Inc., Verizon Communication Inc, Vodafone Inc, NTT DoCoMo Inc. and Qualcomm Inc. are the major companies operating in the Long-term Evolution (LTE) Market.

Which is the fastest growing region in Long-term Evolution (LTE) Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Long-term Evolution (LTE) Market?

In 2025, the North America accounts for the largest market share in Long-term Evolution (LTE) Market.

What years does this Long-term Evolution (LTE) Market cover, and what was the market size in 2024?

In 2024, the Long-term Evolution (LTE) Market size was estimated at USD 41.93 billion. The report covers the Long-term Evolution (LTE) Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Long-term Evolution (LTE) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Long-term Evolution (LTE) Industry Report

Statistics for the 2025 Long-term Evolution (LTE) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Long-term Evolution (LTE) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Long-term Evolution (LTE) Market Report Snapshots