The
global LTE market is expected to reach a value of USD 610.71 billion
by 2019, growing at a CAGR of 78.6% from 2013 to 2019. Increased need
for higher data rates and greater spectral efficiency driven by
increased data usage, rapid deployments of smart devices and need for
high quality of services on move are some important reasons driving
the growth of LTE market globally. This trend is further enhanced by
increased adoption of public safety LTE and planned large-scale
adoption of LTE by operators in Asia Pacific.
North
America was the largest market in terms of revenue generation in 2012
and accounted for 51.3% share of the total LTE market. Asia Pacific
is expected grow at a CAGR of 88.7% during the forecast period and
register a market size of USD 244.29 billion by 2019. Growth of LTE
services in Asia Pacific is mainly spurred by rising LTE
infrastructure in China and India.
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Worldwide
LTE infrastructure market is expected to grow at a CAGR of 61.6%
during the forecast period. Increased spending by network operators
for LTE infrastructure fuelled by increased demand for high-speed and
spectrally efficient wireless networks is driving the LTE
infrastructure market, globally. LTE-FDD (Long Term Evolution
Frequency Division Duplex) held 56.8% share in 2012. With planned
launch of LTE Advanced by several operators during the forecast
period, the market for LTE Advanced is expected to grow at a CAGR of
175.0% from 2013 to 2019.
The
Voice over LTE (VoLTE) market is expected to grow at a CAGR of 123.5%
during the forecast period. Growth in VoLTE is fuelled by increased
demand for voice and messaging services over LTE networks and
operators realizing that standalone data networks are not sufficient
in meeting customer expectations.
In
terms of geography, North America represented the largest market for
LTE and was valued at USD 5.36 billion in 2012. The growing adoption
of LTE in North America was mainly spurred by the decreasing prices
of LTE in comparison to 3G network. However, Asia Pacific is expected
to surpass North America by 2015, owing to growing demand for
high-speed wireless data and increased spending on infrastructure by
operators in this region, especially, China, India, South Korea and
Japan.
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Among
network operators (carriers), Verizon Wireless led the LTE market
with a market share of 58.1% in 2012 followed by NTT DoCoMo. Other
important network operators include AT&T Mobility, China Mobile,
Sprint Corp, T-Mobile, Vodafone and SK Telecom. Among LTE network
infrastructure vendors, Ericsson lead the LTE market with a market
share of 30.0% in 2012 followed by Huawei.
The
global LTE market is segmented as below:
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LTE
Market Segmentation
By
technology
LTE-FDD
TD-LTE
LTE
Advanced
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all Article :
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By
component
Infrastructure
Chipsets
Terminal
equipments (Module, Phone, Router, Tablet and USB Modem)
Network
service providers
LTE
testing equipments
By
service and application
Mobile
cloud services
M2M
and Connected Devices
P2P
messaging
Browsing
Public
Safety LTE
Games
TV/Video-on-Demand
Music
M-commerce
VoLTE
By
geography
North
America
Europe
Asia
Pacific
Rest
of the World (RoW)
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