It's no secret that Verizon Wireless (NYSE:VZ) has led the charge in the LTE industry. The carrier shook the wireless world in 2007 when it announced it would move away from the CDMA track with plans to build an LTE network. And since Verizon's announcement, LTE has become the go-to choice for carriers' next-generation networks across the globe.
Today, Verizon's network covers more than 200 million people--and Verizon counts fully 63 percent of all of the world's LTE subscribers, according to Signals and Systems Telecom.
Of course, Verizon's position isn't set in stone. LTE buildout efforts by AT&T Mobility (NYSE:T), Sprint Nextel (NYSE:S), T-Mobile USA and others will create tense LTE competition--and that's just in the U.S. market.
Globally, carriers ranging from Vodafone to China Mobile plan to move to LTE, and their launches will propel LTE technology into even more markets across the world.
But what exactly will that growth look like? And where will the United States LTE market sit in five years' time?
Signals and Systems Telecom kindly has provided FierceBroadbandWireless with projections on the market for LTE, including operator market share predictions and LTE device revenue forecasts. Click here for their full report. +Mike Dano