Research and Markets (http://www.researchandmarkets.com/research/np72sc/global_lte) has announced the addition of the “Global LTE Smartphones Market 2014-2018″ report to their offering.
The analysts forecast the Global LTE Smartphones market to grow at a CAGR of 24.73 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing adoption of LTE. The Global LTE Smartphones market has also been witnessing the continuous decline in smartphone prices. However, the over-arching presence of HSPA could pose a challenge to the growth of this market.
Key vendors dominating this space are Apple Inc., LG Electronics Inc., Motorola, and Samsung Electronics Co. Ltd.
Other companies mentioned in the report are Blackberry Ltd., HTC Corp., Huawei Technologies Co. Ltd, NEC Corp., Nokia Corp., Pantech Wireless Inc., and ZTE Corp.
Commenting on the report, an analyst from the team said: It is expected that all feature phones and incumbent smartphones will become obsolete in the next six months. To counter this, vendors are focusing on introducing better versions of smartphones in terms of technology. One such technology is the usage of laser projections by virtual keypads, which is also an upcoming trend for smartphones. Therefore, the rapid technological advancements in smartphones are an emerging trend that is expected to have a positive impact on the growth of the Global LTE Smartphones market.
According to the report, one of the main drivers in the market is the increasing demand for data services and hence for most LTE technology. In recent years, the Telecom industry has witnessed a surge in data-driven services, a trend that is likely to continue during the forecast period. Such services require higher bandwidth, greater speed, and better coverage.
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