Ericsson (NASDAQ:ERIC) and Alcatel-Lucent (NYSE:ALU) are poised to be the big winners among vendors supplying the LTE market, which is expected to be worth more than $13 billion by 2015, according to the 4G Wireless Infrastructure, Devices & Services consultancy at Mind Commerce Publishing.
Mind Commerce said the global LTE infrastructure market will generate a cumulative average growth rate (CAGR) of more than 45 percent by 2015. Ericsson and Alcatel Lucent are likely to lead the LTE network market, building upon their present market shares of more than 35 percent and 27 percent, respectively.
"Global 2G/3G/4G cellular network infrastructure revenues are set to reach over $51 billion by 2015 up from $46 billion in 2010 at a CAGR of 5 percent with LTE accounting for more than 20 percent of the revenue share," said Mind Commerce.
At the end of 2011, 38 mobile network operators worldwide had commercially launched LTE. "Key drivers are higher data speeds of up to 20 Mbps, simplified all-IP networks and the commercial availability of more than 200 4G LTE-enabled devices," said the consultancy.
From a regional perspective, the market share will drastically shift from North America to the Asia Pacific, which will account for more than 68 percent of the revenue by 2015.
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