According to Transparency Market Research, a global market intelligence company, the global LTE market is expected to hit $610.71 billion by 2019, growing at a CAGR of 78.6% from 2013 to 2019. Transperancy Market Research, in its report entitled “Global LTE Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” also said that the LTE-FDD (Long Term Evolution Frequency Division Duplex) technology has the highest market share at 56.8% (in 2012) compared to other LTE technologies such as TD-LTE and LTE Advanced. However, based on most service providers' plans to roll out LTE Advanced, Transperancy Market Research expects LTE Advanced to see rapid growth in its deployments, growing at a CAGR of 175% from 2013 to 2019.
The report also predicts the Voice over LTE (VoLTE) segment to grow at a CAGR of 123.5% on the back of increased demand for voice and messaging services over the internet. These and the rapid rise in the consumption of rich content over media networks as well as the expected surge in the use of connected devices and equipments, both for industrial and home usage, are some of the factors influencing service providers' move to accelerate the roll out of their 4G LTE networks. Transperancy Market Research says that the market for LTE insfrastructure will grow in tandem with the growth in LTE market, at a CAGR of 61.6% between 2013 to 2019.
The report also lists North America as the leading region for the adoption of LTE, with downward price pressures seeing higher take up rates on 4G services in this region. However, the report predicts Asia Pacific to surpass North America's LTE market by 2015, reaching a market size of USD244.29 billion by 2019.
