LTE device shipments reach 8 million with revenues of over $2.5 billion

DUBLIN, IRELAND: Research and has announced the addition of the "LTE Devices Database: Vendor Device Launches, Shipments, Revenues & Subscriptions by Region and Country: 2011 - 2015" directory to its offering.

LTE device shipments reached 8 million units at the end of 2011. With most vendors going full swing into the LTE, the LTE devices market is set to grow at a CAGR of over 104 percent over the next five years reaching 300 million shipments by 2016. 2012 alone will see shipments increase to 32 million units.

From a regional perspective, North America will continue to lead the market in terms of shipments. However, the Asia Pacific region will take the lead in terms of overall subscriptions by 2016.