PICOCELL AND FEMTOCELL MARKET ANALYSIS
Regional analysis of picocell and femtocell market
On the basis of the region, picocell and femtocell market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Among regions, Asia Pacific is expected to account for the largest market share over the forecast period, owing to presence of key players in the region such as Huawei Technologies Co., Ltd and ZTE Corporation. For instance, in June 2019, Ericsson Corporation, launched Standalone NR software and 5G cloud core solution with 5G commercial base stations from its Ericsson Radio Systems. Ericsson Corporation 5G base station offers Baseband 6630 and AIR 6488, which are used in commercial 5G networks all over the world.
Apart from Asia Pacific, Europe is expected to drive growth of the market due to increasing penetration of smartphone and 5G technologies across the region. For instance, NXP Semiconductor N.V. launched femtocell solution that provides high-bandwidth and low-power baseband applications. The solution is optimized for LTE and Wideband Code Division Multiple Access (WCDMA) provided optimized cost and power for the development of smart cities.
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