Recently research group Allied Market Research has reported that the global LTE market is expected to reach $997 billion by 2020. The research group reveals that the market may experience a compounded annual growth rate (CAGR) of 58.2 percent during the 2013 – 2020 period with much of that growth taking place in the Asia Pacific region.
Increased need for higher data rates and greater spectral efficiency are the primary factors driving the market growth. Implementation of LTE in the public sectors such as public safety as well as in defense and security is further driving the market exponentially. These applications require high-speed communication at times of emergency and therefore LTE is the best-suited network to feed this need. Furthermore, changing customer preferences and rising demand for high-speed mobile broadband in Asia Pacific region has created a huge potential in the APAC market. Telecom operators have planned highest number of LTE installations in these developing countries. Source
The infographic below about the global LTE market is analyzed based on geographical regions, (North America, Europe, Asia Pacific and RoW) reveals that Asia Pacific possesses the highest potential and is expected to generate highest revenue by 2020.
Meanwhile, the global LTE market is segmented into LTE FDD, LTE TDD and LTE Advance. The LTE FDD market is what carries the bulk of the overall market and therefore generates the most revenue.
The infographic by Allied Market Research also addressed the types of LTE applications, differences in geographic region, business competition, and high level analysis in its study.