4G LTE capable handsets are becoming ever more popular as operators and device manufacturers compete in LTE ready markets. The 4G LTE mobile handset market is forecast by Visiongain to record strong and continuous growth over the next decade.
In its latest report The 4G LTE Mobile Handset Market 2012-2017 the research firm finds that mass deployment of 3G networks has accelerated the adoption of smart devices, conditioning users to access wireless data services on a daily basis.
The number of LTE subscribers is set for dynamic growth in the next five years, as operators build and trial LTE in order to cope with the massive amounts of data traffic which is steadily increasing on their networks. The successful launch of a number of LTE networks in the US, Asia and Europe is driving ever greater adoption of 4G services. Visiongain calculates that there will be 27.9 million 4G LTE handsets shipped globally in 2012.
Furthermore, governments worldwide have held 4G spectrum auctions or are planning to in the coming years, and many Tier 1 mobile operators are building, trialling and deploying commercial LTE services. LTE offers immense scope for the growth of the mobile value chain.
The LTE ecosystem appears to be healthy and thriving. Visiongain believes that this will drive the growth of the LTE handset market over the next five years.
Markets in North America and Asia Pacific will experience the strongest growth, with Europe close behind. Middle Eastern nations will also show signs of a dynamic LTE market, as their governments are keen to roll-out the latest and fastest cellular networks. 4G LTE handset growth in the rest of the world, such as in Latin American and Africa, will be much less significant, despite a favourable growth rate.
The increased adoption of broadband networks and the decreasing prices of smart devices will eventually change the situation in the long term.
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