LTE handsets will account for about 20.7 percent of all handset sales in 2017, according to a new research report.
The handset sales are predicted to hit 490.5 million in the next five years — a 73 percent CAGR (compound annual growth rate) over 2012 levels — according to Pyramid Research's report, "Global LTE Subscriptions to Reach 802m by 2017."
By the end of the forecast period, Pyramid Research expects handsets to account for the bulk of LTE subscriptions, especially in North America, Europe and developed Asian markets. By 2017, 82 percent of handset sales in South Korea and 79 percent of handset sales in Japan are expected to be LTE. In the U.S., LTE handsets will be 71 percent of total mobile handset sell-through.