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Facts-Figures-Forecasts For :
Report Theme:
Wireless Infrastructure Trends Wireless Infrastructure Market Share LTE Market Share Update
The US is a perfect-wave of high growth and high margins. Europe should be a high margin upgrade market even in the absence of capex growth, but network modernization is spoiling the party. The developing markets are a mix of profitable captive 2G upgrades and low margin rollouts of more recently competed for 3G rollouts and upgrades. Western operators tell us pricing is fiercest where Huawei and ZTE go head-to-head. We rate Ericsson under-perform on a travel-arrive basis into an FX headwind and peaking growth, while Alcatel-Lucent is buy rated on the back of lower exposure to commoditizing base-stations, higher exposure to data growth through its router and optics divisions, the self-help cost-cutting story, and optionality from its disruptive LightRadio cloud mobile technology.
Key figure
Figure 1 : Revenues Contribution Technology wise
The main benefit of LTE is that it allows larger spectrum bands to be used, which in turn allows higher capacity (more users or more speed). It is also cheaper to run. A layer of complexity is removed from the network (no basestation controllers, also known as BTS or RNC) and LTE is designed to be a SON (self organising network) meaning that adding new cellsites does not require many technical person-hours to rebalance the network it does it automatically. Again with maximum spectrum utilisation in mind, LTE is designed to run on both double and single bands of spectrum (known as FD and TD discussed below), and with the CDMA operators help, it is also designed to have an upgrade path from both the GSM/ WCDMA operator camp (called 3GPP) and the CDMA camp (called 3GPP2).
LTE EPC Market Share EPC Supplier Alacatel Lucent Cisco Market Share 31% 24%