By: Gigaom
Report: Mobile hardware will be a $500-billion industry by 2015
Global mobile device and infrastructure revenues are growing at an annual rate of 11 percent per year, which will make wireless communications equipment a half-trillion-dollar industry in 2015, according to IHS iSuppli. The driving factor? LTE.

We already know mobile is a big and rapidly growing industry, but research firm IHS iSuppli has painted a picture of just how expansive mobile communications has become. This year mobile equipment revenues globally will be $374 million, and in the space of three years wireless devices and infrastructure will be a half-trillion-dollar industry, a new IHS study found.

Despite crappy economic conditions, the mobile equipment market – which IHS defines as not just consumer handsets and tablets but also cellular network equipment – is growing 13 percent this year and will experience an 18 percent spurt in 2014, growing to $444 billion, the firm projects. IHS chalks up the coming boom to mobile broadband, particularly the growing adoption of LTE technologies.

The LTE infrastructure market is still quite small, accounting this year for only $8 billion and a mere $4 billion in 2011. But the LTE ecosystem has a long tail. Device revenues are increasing due to the growing number of smartphone and tablet sales., which take advantage of 4G’s increased bandwidth. What’s more those same mobile broadband trends are increasing wireless semiconductor sales, increasing demand for more powerful applications processor, more advanced radio silicon and a bevy of different device sensors.

Featured image courtesy of Shutterstock user Reno Martin

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here