Based on our extensive research and market study of semiconductors, electronics and technology sectors over the past one year, we have come up with the following top trends in LTE Industry for 2013.
LTE (Long Term Evolution) which is more popularly known as 4G is a wireless communication standard that enables high speed data transfers in mobile computing products. MarketsandMarkets expects the mobile LTE chipsets market to grow to $5.8bn by 2017, growing at a CAGR of 44.3% during 2012 – 2017. This will of course be dependent on the speed at which Mobile Network Operators (MNOs) roll out LTE networks in their respective countries. Currently North America, Europe and Australia have commercial LTE networks available in at least part of their countries and full scale availability is expected by end of 2013.
LTE is expected to provide peak download rates up to 300 Mbps and upload rates up to 75.4 Mbps. Some of the notable chipset manufacturers include Qualcomm, Huawei, Motorola and Samsung. These chipsets support LTE, 3G and even older technologies like 2G as the LTE service has not yet reached 100% penetration and these standards are needed where 4G connectivity is not available. Smartphone manufacturers have introduced some models in the recent months which support LTE connectivity and more models are expected to be introduced at attractive price ranges in Q1/Q2 of 2013. The growth of LTE will help in easing the saturation of the existing 3G networks and provide higher data rates. However the need for new spectrum for the deployment of LTE can be a major restraint as the government oversees the allocation of spectrum and the process of auctions can be a long process. The entire ecosystem of LTE market is expected to reach revenues of around $262bn by 2015 growing at a CAGR of more than 100% during 2012 – 2015. The penetration of LTE can help in improving video telephony and live TV across the world as they were neglected or not possible in the previous wireless communication standards.
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