2013 set to be a record growth year for 4G technology.
Global shipments of LTE smartphones are expected to grow threefold to 275 million units next year, marking a record year for 4G technology, according to new research from Strategy Analytics.
Among the firms leading the growth spike will be Apple, Samsung and LG.
Commenting on the forecast for 2013, Neil Shah, senior analyst at Strategy Analytics, said: “We forecast global LTE smartphone shipments to triple from 90.9 million units in 2012 to 275.0 million in 2013. Major countries driving LTE growth next year will include the United States, United Kingdom, Japan, China and South Korea. Multiple operators, such as Verizon Wireless, Everything Everywhere and NTT Docomo, are aggressively expanding their LTE networks. Key vendors leading the push into LTE smartphones will include Apple, Samsung, LG, Nokia, HTC, Motorola, Blackberry, Huawei, ZTE and Pantech. Popular LTE smartphone models will include Apple’s iPhone 5 and Samsung’s Galaxy S3.”
Neil Mawston, executive director at Strategy Analytics, also remarked upon the predictions for 2013 to be a milestone year for 4G technology: “It is clear that 2013 will be the year of 4G,” he said. “LTE smartphone shipments worldwide will exceed a quarter-billion units for the first time. Multiple operators and multiple phone vendors will be launching dozens of LTE models across numerous countries worldwide. LTE has quickly become a high-growth, high-value market that no operator, service developer, component maker or device vendor can afford to ignore.”
“The global LTE smartphone market will triple in size during 2013,” explained Linda Sui, Analyst at Strategy Analytics. “The LTE smartphone market has become highly valuable and we believe it will eventually attract new entrants seeking a slice of the 4G pie, such as Amazon or Mozilla. However, we caution possible new entrants like Amazon will not find it easy to break into the fiercely competitive LTE smartphone market and they will need breakthrough products that are strongly differentiated in areas such as design, price or services.”