Mobile Market Set for Double-Digit Growth

According to IHS iSuppli, the market for mobile communications equipment will grow by 13% this year, propelled by climbing shipments of mobile handsets and tablets, particularly devices supporting the 4G long term evolution (LTE) wireless standard.Total factory revenue from original equipment manufacturers making mobile communications equipment is projected to reach $376 billion by year-end, up from $334 billion in 2011. Next year, overall revenue for mobile communications equipment is forecast to rise to $444 million. Driven by mobile broadband, the five-year compound annual growth rate until 2016 is expected to amount to 11%.IHS defines mobile communications equipment factory revenue as what manufacturers earn from the sale of devices into the channel - in this case, mobile communications equipment like smartphones and other handsets. The category also includes wireless infrastructure gear such as routers.