Global LTE Consumer Devices Market Projected to Grow at A CAGR of More Than 26%

Date: 2015-12-20

LTE devices, also known as 4G devices, enable users to surf internet, voice chat and share files at faster speeds. Global LTE consumer devices market is witnessing rapid strides on account of rising smartphone penetration rates, improving telecom infrastructure and easing policy framework in emerging economies. In addition, online television and live streaming is evolving as a key trend fueling demand for high speed data. Consequently, demand for devices supporting high data transfer rates is surging, globally. Moreover, snowballing e-commerce and m-commerce markets are catalyzing adoption of LTE enabled smartphones and tablets. 

Global market for LTE consumer devices projected to grow at a CAGR of more than 26% during 2015 – 2020. Rising adoption of LTE technology in emerging economies, increasing number of new LTE enabled registered devices, such as cameras and other wearable devices, mounting Machine-to-Machine connections, Internet of Things (IoT) and declining global average selling prices of LTE devices is projected to propel growth in global LTE consumer devices market through 2020. Samsung and Apple are expected to continue their market domination; however, their respective market shares are expected to decline over the course of next five years.

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