With increase in broadband penetration, adoption of LTE smartphone has increased over years. Need for faster data access over network has increased tremendously over the last 24 months. Companies are focusing on providing faster data accessible networks at affordable prices. Competitive price among the vendors forcing the manufacturers to build the LTE smartphone at a very affordable price with rich features. Affordability of LTE smartphone has increased among the people where many startups gaining grounds to provide LTE smartphones. Technical advancement in different geographic regions have enabled the customers to go for rich featured smartphone. This report presents interpretative and easy-to-understand facts on how the current LTE smartphone market is segmented based on price, shipment and geographies. It cuts through several facets of the LTE smartphone market such as market size, market share for each segment, the drivers and constraints of LTE smartphone marketplace. Report also provides information on the challenges and opportunities that lie ahead for these smartphones.

1. LTE Smartphone Market - Outlook (2017-21)
for Global
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3. Table
of Contents
1. Introduction
1.1. Report Description
1.2. Objective
1.3. Scope of the Research
1.4. Regions Covered
1.5. Key Takeaways
1.6. Key Stakeholders
1.7. Key Terminologies
1.8. List of Abbreviations
2. Executive Summary
2.1. Executive Overview
3. Research and Forecasting
3.1. Research Methodology
3.2. Forecasting Methodology
4. Industry Landscape
4.1. Market Size and Growth
4.2. Competitive Landscape
4.3. Market Share
4.4. Company Classification
4.5. Region Outlook
4.6. Market Metrics
4.7. Porter's Five Forces Model
4.8. Key Drivers Analysis
4.9. Key Constraints Analysis
4.10. Key Opportunities Identified
4.11. Key Challenges Identified
5. Market Segmentation
5.1. Average Price
5.1.1. Global
5.1.1.1. Market Size and Forecasting
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4. Introduction 01 4

5. 1. Introduction
1.1. Report Description
With increase in broadband penetration, adoption of LTE smartphone has increased over years. Need for
faster data access over network has increased tremendously over the last 24 months. Companies are
focusing on providing faster data accessible networks at affordable prices. Competitive price among the
vendors forcing the manufacturers to build the LTE smartphone at a very affordable price with rich features.
Affordability of LTE smartphone has increased among the people where many startups gaining grounds to
provide LTE smartphones. Technical advancement in different geographic regions have enabled the
customers to go for rich featured smartphone. This report presents interpretative and easy-to-understand
facts on how the current LTE smartphone market is segmented based on price, shipment and geographies.
It cuts through several facets of the LTE smartphone market such as market size, market share for each
segment, the drivers and constraints of LTE smartphone marketplace. Report also provides information on
the challenges and opportunities that lie ahead for these smartphones.
1.2. Objective
1. To understand the LTE smartphone market across the globe by addressing the challenges faced by the
industry with regards to adoption of LTE smartphones.
2. To estimate the present size of the LTE smartphone market and to forecast its future values.
3. Realize how drivers, constraints, opportunities and challenges would impact various business functions
across regions.
1.3. Scope of the Research
Scope of the research was limited to understanding the market share across segments. Key drivers,
constraints and challenges along with their impact on various business functions in both short term and
long term were addressed. Segmentations and forecasting were done based on:
1. Price
2. Shipment and
3. Region based segmentation
1.4. Regions Covered
1. North America (USA, Canada and Mexico)
2. South America (Brazil, Argentina and Colombia)
3. Europe ( Uk, Italy, France, Germany and others)
4. APAC (Australia, India, China, Japan, Singapore and others)
5. ROW ( Middle East and Africa, Russia and other countries)
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6. 1.5. Key Takeaways
The research conducted to understand LTE Smartphone markets in different regions of the globe have
revealed some valuable insights. Some of the key take away points involve information given below:
1. North America has the highest market share whereas Europe is growing at a good pace.
2. The market share of LTE smartphone market is growing at an impressive CAGR.
3. Prices of LTE smartphone in North America is high compared to Europe and other regions.
4. Shipment of LTE smartphone is high in North America and Europe.
1.6. Key Stakeholders
1. LTE Smartphone providers: LTE Smartphone manufacturers will be able to assess the market mood and
accordingly develop products as per the changing requirements of customers.
2. Global Investors: Those investors who look to fund new and budding LTE Smartphone startups will get
clearer picture about the market and its trends.
3. Industry Watchers: Industry and trend watchers are always referred to as trusted advisors who follow
markets. The report would add to their knowledge repository, creating value for their know-how.
4. LTE network operators across the different regions.
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7. 1.7. Key Terminologies
1. LTE: Long Term Evolution is a standard for wireless communication of high speed data for mobile phones
and data terminals.
2. 4G: Fourth Generation of mobile technology communication.
3. LTE Smartphone Price: Price of the LTE smartphone across the region (4G Enabled).
4. LTE Smartphone Shipment: Quantity of goods shipped across different geographic region
5. North America: North America includes the countries - USA (United States of America), Canada and Mexico
6. Europe: Europe includes countries - UK (United Kingdom), France, Italy, Germany and Spain.
7. APAC (Asia Pacific): Asia Pacific includes countries - India, China, Japan, Philippines, and Australia.
8. South America: South America includes the countries - (Brazil, Argentina and Colombia)
9. Rest of World (ROW): Rest of World includes Middle East and Africa, Russia and other countries
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8. 1.8. List of Abbreviations
1. LTE: Long Term Evolution.
2. 4G: Fourth Generation wireless communication.
3. CDMA: Code Division Multiple Access.
4. GSM: Global System for Mobile communications.
5. CAGR: Compound Annual Growth Rate.
6. GSMA: Groupe Speciale Mobile Association.
7. 3G/2G: Third Generation/Second Generation Wireless Communication.
8. BYOD: Bring Your Own Device.
9. 3GPP: 3rd Generation Partnership Project
10. WCDMA/HSPA: Wideband Code Division Multiple Access/High Speed Packet Access.
11. ITU: International Telecommunications Union.
12. FDD: Frequency Division Duplex.
13. TDD: Time Division Duplex.
14. VoLTE: Voice-over LTE.
15. APC: Association For Progressive Communications.
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Executive Summary 02 9

10. 2. Executive Summary
2.1. Executive Overview
Long-term-evolution (LTE) smartphone market is an emerging device segment which is grabbing attention
for some time now. Growing need to access data at a faster rate has provided an optimistic picture to the
smartphone segment. Affordable LTE smartphones are being commercialized very recently and are set to
grab a healthy pie of the market share. However, the usability of these LTE smartphones is limited to and
largely dependent on the LTE infrastructure present in the respective geographies.
North America is supported by a developed LTE infrastructure which aids in the sales of LTE smartphones
more aggressively. Dominated by smartphone behemoth Apple, fourth-generation (4G) enabled
smartphones have gradually found acceptance in the region owing mainly to the need for faster data
accessibility. Although, brand consciousness dominates the region but Android-powered affordable LTE
smartphones are also making their way to this region. Unfazed by the higher costs involved in adopting an
LTE smartphone, users here are comfortable with the data accessibility that LTE provides them with. On the
hindsight though, North America is also offered contract-based LTE smartphones mainly by its top telecom
providers which makes the ecosystem more ambiguous than anticipated. Strong competition, feature rich
luxury phones and the boon of developed economy will result in a marginal price rise over the next 5 years
in the region. Revenues will be high even though the shipments will be considerably less in comparison to
other regions.
Developed economy in Europe is surprisingly not inclined towards LTE smartphones. One of the reasons
being a developed and flourishing 3G network infrastructure. Users are already comfortable with the speeds
offered by 3G networks. Dominated by GSM subscriptions also, LTE has fallen behind in attracting good user
base. However, with better infrastructure already in place, Europe will start adopting LTE on a selective
basis. Lack of calling features also withhold the market from adoption. As in North America, users in Europe
prefer brand over features. The average price of an LTE smartphone here will decrease with the global rate.
With newer low cost models up for grabs in the recent future, this price reduction will continue to affect
shipments positively for a long time.
One of the biggest smartphone markets in the world, APAC is not alien to wide user base. Mainly dominated
by India and China, the smartphone adoption is witnessing an exponential rise. However, as far as LTE
smartphones are concerned, there is room for market grab in these nations. On the other hand, South
Korea, home of electronic companies like Samsung, LG is recognized as the first nation to be 100% 4G
enabled infrastructure in the world. Closely followed by Japan and Australia, APAC will not only witness a
faster price reduction but also find shipments being increased at a faster rate. LTE infrastructure is gaining
good ground in emerging regions which will encourage device manufacturers to gain advantage. Contrary
to developed economies in North America, users here are feature conscious and price sensitive. Low cost
LTE smartphones have already made their way into these markets thereby gaining an early mover
advantage. Shipments to this region will be highest in the next 5 years mainly accompanied by the faster
price reduction rate expected to be around 7%.
South America lacks the LTE infrastructure to support LTE devices but a lot of work is happening around
creating an awareness and educating both users as well as telecom providers on the implementation and
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11. support. 4G adoption here will be an ambling development.
Revenues for LTE smartphones will be dominated by North America. However, shipments will be dominated
by APAC owing to greater price decline than other regions.
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Research and Forecasting 03 12

13. 3.1. Research Methodology
Base Year: 2016
Forecasting Period: 2017 - 2021
3.1.1. Sampling
The leading suppliers of each end-user product categories that were chosen to provide a larger
representative sample.
Purposive unit sampling was adopted for every service segment such as verticals, regions, end-users and
others. This was resorted to, in order to elicit the appropriate inputs with regard to the qualitative growth
aspects of the market.
3.1.2. Secondary Research
The research methodology that was carried out was desk research through various journals, association
reports, and in house database to build a knowledge base on various market service segments, product
categories and industry trends.
Various fact based data was analyzed. Some of the sources included:
a. ResearchFox Knowledge Base:
Previous data on the market has been put through a rigorous and comprehensive analysis to analyze
the current state.
b. Desk Research:
Industry reports, annual reports, press releases, webinars, journals and publication, independent rating
agencies and government statistics.
3.1.3. Primary Research
Primary interviews were conducted among various stakeholders:
Product and service companies
Members of associations and alliances
Subject Matter Experts and Evangelists
Consultants and Strategists
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14. 3.1.4. Industry Information
It was essential to understand the current industry landscape, market dynamics, security ecosystem and
competitor metrics. To estimate the global market, Chief Experience Officers (CXOs), Marketing Heads, Sales
Managers and product stakeholders were interviewed.
3.1.5. Technical Information
In addition to the interviews with leading participants for industry-related information, ResearchFox
conducted interviews with Research and Development (R&D) and Design and Development teams to
understand the current usage of the products by service type and also to find out the emerging trends.
Finally, interviews with suppliers were conducted to cross check the validity of information and also to
understand the emerging trends in the end-user segment.
The detailed methodology for primary research is outlined below.
3.1.6. Primary Interview Questionnaire Design
ResearchFox developed a detailed questionnaire, which was used by the analysts as a guide for their
discussions. This process ensured the collection of all necessary data. The questionnaire was designed to
elicit unbiased industry level data (market size, production, sales, and others), that had check points
(questions such as company level information and their position in the industry acted as check points) to
ensure accuracy of the data. The questionnaire included the following sections:
1. Industry level information
2. Characteristics and Dynamics
3. Company-specific information
4. Market segmentation data
3.1.7. Interview Questionnaire Test and Validation
Following the design of the questionnaire, ResearchFox carried out some initial interviews to verify that the
appropriate market and technology data was generated. After the final design of the questionnaire,
ResearchFox began full scale primary research. Specific companies targeted for primary research interviews
were selected based upon market participation. Higher was the entity's profile, more attractive was the
entity.
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15. 3.1.8. Interview Process
As participants respond in the course of an interview, ResearchFox analysts are trained to move from lower
priority and/ or sensitive topics to increasingly key and/or sensitive topics in response to the interviewee's
behavior. This responsive and reflective interview process, combined with the analysts' ability to discuss the
industry and technical issues in an open and sharing environment, allows ResearchFox to probe for key
data, operations, and competitive information. Multiple contacts within a single organization and with an
individual are often planned and/or staged in order to optimize and complete the information gathering
process.
3.1.9. Research Validation
At a point, when 20 percent of the research interviews and/or data collection had been completed,
ResearchFox consultants evaluated the preliminary findings to assure that up-to-date results are in line with
project objectives. The analyst team analyzed the information from the interviews and information was
validated through a combination of the following validation techniques:
Cross checking with other primary data and previously developed in-house research
Review of secondary information, such as trade journals, annual reports and industry directories
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16. 3.2. Forecasting Methodology
3.2.1. Step-by-Step Methodology for Market Estimation and Forecasting
Market Estimation and Forecast Methodology, 2016
Step Method
1
Understand the market mechanism for the market through structured, systematic and theoretically established
norms of analyzing, designing, introducing and quality assurance of the market estimation
2 Measuring the various market drivers, constraints, opportunities and challenges at regular intervals of time
3 Integrate expert-opinion of discussions in consultation with the ResearchFox Analyst team
4 Market estimation and forecast calculation
5 Delphi method and Causal Analysis used as and when required
6
Rigorous quality check with heads of Research Team, Subject Matter Experts and Consultants before final
publication
Source: ResearchFox
Significance and Importance of the Market Forecast, 2016
Sr. No. Significance and Importance
1 Helps revisit on the company's R&D investments
2 Keeps the Sales and Marketing team posted on the market prospects
3 Strategize investment and expansion plans
4 Improve business planning
5 Helps create business aims and set sales figures within the company
6 Aware of the current market competition
7 Support plans for Merger and Acquisition (M&A)
Source: ResearchFox
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