Covid-19 Impact on Global 3G Infrastructure Equipment Market Size, Status and Forecast 2020-2026

3G Infrastructure Equipment Market:

WiseGuyReports.com adds “Global 3G Infrastructure Equipment Market Size, Status and Forecast 2020-2030” reports to its database.

Executive Summary

The global 3G Infrastructure equipment market is expected to decline from $28.38 billion in 2019 and to $26.61 billion in 2020 at a compound annual growth rate (CAGR) of -6.25%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $30.08 billion in 2023 at CAGR of 4.17%.

The 3G infrastructure equipment market consists of the revenue generated by the sales of 3G infrastructure equipment by the companies manufacturing the 3G infrastructure equipment. The 3G infrastructure equipment include switching equipment, transmission equipment, signaling equipment, private branch exchange phone system equipment, enterprise networking equipment, central office switching hardware, LAN modems, multi-user modems, and other data communications hardware such as bridges, routers, gateways, mobile devices and base stations.

Asia Pacific was the largest region in the 3G infrastructure market in 2019. APAC is expected to be the fastest growing region in the forecast period.

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Airline companies are increasingly implementing Inflight connectivity as the consumers are choosing airlines based on internet speed and data usage charges. The ability to use smartphone during flight travel is among the top three considerations people have when choosing an airline as per research. Inflight connectivity help create an enjoyable inflight experience for passengers by providing entertainment along with airlines having the opportunity to reinvent inflight ecommerce and Inflight advertisement and promotion. According to SITAOnAir company survey in 2016, 69% of airlines carrying out major connectivity programs or conducting R&D connectivity trials, plan to offer full satellite broadband connectivity on their aircraft. In November 2016, the European Aviation Network (EAN), the world’s first integrated satellite and air-to-ground network dedicated to providing a true in-flight broadband experience for the European aviation industry. Increasing competition between airlines for providing satisfaction to their customers is driving the trend.

The 3G Infrastructure equipment market covered in this report is segmented by type into wireless infrastructure; wired infrastructure. It is also segmented by product into public switching equipment; analog equipment; digital equipment; transmission equipment; transmission lines; base transceiver stations; multiplexers; communication satellites; others (customer premises equipment, private switches, modems, routers).

Growing demand for private LTE networks and deployment of 4G and 5G networks is hampering the growth of 3G infrastructure equipment. Government and modern business entities are inclined towards Private LTE and 5G networks to transform operations, increase automation and efficiency to deliver new services to their users. Private wireless LTE is enabling these transformations to take place even in dynamic, remote or highly secure environments while improved density, greater capacity is achieved by 5G networks. The deployment of private mobile networks based on LTE or 5G provides security and data control, improved access to services, improved quality of service, integration with wider public etc. Public safety applications will hold around 35% of the private LTE market share by 2024 as the rising number of public safety agencies shifting to private LTE networks for combating the demand for bandwidth-intensive applications according to global market insights.

In August 2018, Vodafone India and Idea cellular have merged to create India’s largest telecom Vodafone Idea Ltd (VIL) generating annual cost saving of about £1.7bn and create entity of 408m users. VIL is reworking on commercial pacts with Nokia, Ericsson, ZTE to reduce the number of equipment partners down to just one per circle from as many as three now. VIL may prefer the European vendors which will be a big blow to both Huawei and ZTE, which have been facing severe revenue challenges in India due to rapid consolidation in the telecom service provider market.

Growing number of mobile and wireless devices worldwide contributed to the growth of 3G infrastructure equipment market. The smartphone users increased from 2.5 billion in 2016 constituting 33.58% of the year's global population to 3.5 billion, making 45.04% of the world’s population in 2020. The total number of phone users, including smart and feature phones, reached 4.78 billion making 61.51% of world’s population in 2020. According to the IoT analytics research data, 22 billion devices has got connected to internet world wide by the end of 2018 and 22.2 billion devices worldwide is projected to be connected via WLAN worldwide by 2021. Increased usage of mobiles and dependence on internet therefore resulted in growing number of mobile and wireless devices worldwide driving the 3G infrastructure Equipment market.

Major players in the 3G infrastructure equipment market are Huawei Technologies Co. Ltd , Cisco, Fujitsu, NEC corporation, Nokia , Ericsson, Qualcomm, ZTE, Corning, and Motorola Solutions.

Continuous…

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NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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