Published on : Apr 29, 2021
Albany, New York, April 29, 2021 : The global LTE communication market is creating ripples across the world through cutting-edge technologies and efficient services. The LTE communication market is segmented into LTE-Railroad and LTE-Marine based on product. Transport is gaining considerable momentum as governments of various countries are focusing more on developing transport infrastructure and are embracing technology for creating efficient transport mechanisms. The report titled ‘Global LTE Communication Market Size, Status, and Forecast 2020-2026’ focuses on all such aspects to provide market shareholders a bird’s eye view of the LTE communication market.
The COVID-19 pandemic may bring obstruction in the growth of the LTE communication market sue to travel restrictions and lockdown imposed in almost all regions of the world. Moreover, the post-lockdown period may bring out the true potential of the LTE communication market in terms of increasing the growth rate.
The report on the LTE communication market offers in-depth analysis through considerable research across various parameters such as competitive landscape, key trends, and current scenario. This report also focuses thoroughly on the ongoing COVID-19 pandemic and its effect on the LTE communication market. This report will prove as a boon for the business owners and market shareholders to a large extent.
Recent technological enhancements in wireless communication technologies have influenced the railroad and marine industry to a great extent. The rising demands for maritime digital data services have prompted major players in the LTE communication market to develop state-of-the-art communication technologies. Maritime communications armed with extended communication coverage and high-quality data processing are some of the aspects that are proving to be growth multipliers for the LTE communication market.
Communication is a crucial part of military vessels and LTE communication assists them greatly in maintaining the security and defense of any nation. Therefore, soaring demand from the military sector may fuel the growth of the LTE communication market. Compact marine grade systems powered with LTE-Advanced network technology have the potential of generating good growth for the LTE communication market. The TracPhone LTE-1 is a classic instance of such technology. Dual LTE antennas are also gathering considerable steam in the LTE communication market.
The railway infrastructure is also leaving no stone unturned in terms of technological advancements. Seamless communication methods are being supported by the government in many ways. This, in turn, may benefit the growth rate of the LTE communication market. Global System for Mobile Communications-Railway (GSM-R) is used in a majority of railway communications systems but with the advent of LTE communication technology, railways are switching to LTE. LTE communication offers several advantages when compared to GSM-R such as high security, increased data capacity, and low latency. LTE communication can also manage traffic management, CCTV, ticketing, and other services on a single network. Furthermore, the technology adds sophisticated quality of service (QoS) mechanisms to ensure no compromise in terms of security or resiliency in network operations.
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Also, LTE-R is less likely to experience interference in communication because it makes use of licensed frequency bands and supports mobility management. In 2017, South Korea triggered growth in the LTE communication market with the launching of the world’s first LTE-R technology applied to a high-speed train developed by Samsun and KT for Wonji-Gangneung high-speed train.
The launch of the world’s first commercial 5G magnetic levitation network test in Shanghai jointly by ZTE and China telecom is a classic instance of technological developments in the LTE communication market. The 5G network solution provides a set of network equipment for High-Speed Rail (HSR) broadband communication. Developed by ZTE and China Telecom together, the 5G network enables passengers to enjoy high-speed data access and enjoy internet-enabled services.