China's domestic market for 4G smartphones is poised for a massive liftoff this year as shipments grow sixteenfold from 2013 levels, according to a new report from IHS Technology.
Shipments in 2014 of 4G smartphones within China are forecast to reach 72.4 million units, up nearly 1,500 percent from just 4.6 million last year, with the market expected to take off after the second half. It will be the first big year for 4G smartphones in only its second year in the country, up from a practically nonexistent base two years ago.
For the next few years the 4G smartphone market in China will see unstoppable growth, doubling in shipments next year to 144.1 million units, rising another 53 percent to 219.8 million, and then ending 2017 at 298.5 million units.
"With support from the government and increasing clamor from the public, 4G smartphones will be the new hot market in China," said Kevin Wang, director for China research at IHS. "Already Beijing has granted licenses for TD-LTE, China's homegrown version of the 4G Long Term Evolution standard, to the state's three carriers. This way, China Mobile, China Telecom and China Unicom can all launch commercial 4G services whenever they wish."
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