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The future’s bright for 4G LTE in Chile, according to an August 2016 report from Counterpoint: By 2020, 4G LTE will make up over 60% of all mobile connections in the country, and total nearly 15 million connections.
While 4G LTE makes up only 13% of total mobile connections in Chile this year, there are still 3.1 million connections, a significant number. For reference, a Pyramid Research report places neighboring Argentina’s 4G LTE connection rate, even by 2019, at about 16% of all connections, highlighting Chile’s technological advances.
Steady growth is predicted for Chile’s 4G LTE market: Each year, the 4G LTE share of the mobile market will increase between 10 and 15 points.
And just as 4G LTE connections will grow in years to come, so too will smartphone connections in general. Counterpoint estimates that 70% of Chile’s population owns a smartphone this year—by next year that figure will reach nearly 75%. By 2020, almost 80% of the total population will own a smartphone.
The general snapshot remains similar to what eMarketer described in our July 2016 report: While Chile’s market may not be gigantic, it’s robust in connections and advanced in technology. A 2016 Internet Media Services (IMS) and comScore report noted that the 27% of smartphone owners who connect to the internet via 4G is above Latin America’s average.
eMarketer projects that there will be 8.6 million smartphone users in Chile in 2016. By 2020, that figure will grow to 11.2 million.
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