The global small cell market is forecasted to rise at a CAGR of 25.16% for the period 2019-2027, generating $XX million revenue at the end of 2027. The market is mainly driven by factors such as the growing propagation of small cells, growing mobile data traffic, improvements in mobile broadband technology and a rising need for efficient public safety operations.
The global small cell market is segmented on the basis of technologies, products and end users. The technologies mainly governing this market are 2G, 3G and 4G/LTE. The 3G and 4G market has been expanding at a massive pace. The various market products comprise picocell, femtocell, microcell and metrocell. The increasing use of femtocell has been gaining popularity in recent years. The end-users for the market include residential and SOHO, urban, enterprises and rural and remote areas. Of these, the urban market is expected to exhibit a speedy growth over the forecast period.
Geographically, the market is dispersed into four major regions: North America (U.S. & Canada), Asia-Pacific (China, India, Japan, Australia, South Korea and Rest of APAC), Europe (UK, France, Germany, Spain, Italy and Rest of Europe) and the Rest of World- (Latin America, Middle East and North Africa, Rest of Africa). The Asia Pacific market is expected to be the global leader by 2027, on account of a large scale demand for high-speed data networks in most countries of this region. Also, the Asia-Pacific market is predicted to exhibit the fastest growth owing to countries such as Japan and China, where there will be a rapid penetration of smartphones.
The major players competing in the global small cell market are Hitachi Ltd., ZTE Corporation, CommScope Holding Company Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., NEC Corporation, Ericsson, Nokia Corporation and Airspan Networks Inc.