World LTE Revenues Hit Over $ 2.1 Billion in 2011 Says New Report

The report “The LTE Infrastructure Market: Vendors, Market Share, Key Trends & Forecasts” states that LTE (long term evolution technology) revenues have hit over $ 2.1 Billion in 2011, up from $ 0.6 Billion in 2010.

As of Q4'2011 theNorth Americaregion accounts for over 42 % of the total LTE Infrastructure revenue. Ericsson and Alcatel Lucent are predicted to lead the market with present market shares of over 35 % and 27 % respectively LTE infrastructure Industry respectively in 2011

From a regional perspective, the market share will drastically shift from a North American lead market to the Asia Pacific region, which will account for over 68 % of the revenue by 2015

Global 2G/3G/4G cellular network infrastructure revenues forecast to grow to reach $ 51 Billion by 2015 up from $46 Billion in 2010 at a CAGR of 5%, with LTE accounting for more than 20 % of the revenue share

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