The Global 5G Technology Market was valued at USD 139.5 Billion in 2023 and is estimated to reach USD1780.60 Billion by 2030, growing at a CAGR of 40.9 % from 2023 to 2030.
Scope of the market:
A 5th-generation technology for digital cellular wireless networks that offers faster speed, reliable connection, and increased network capacity. 5G service technology supports 5G applications like Augmented reality(AR), virtual reality(VR), Internet of Things (IoT), and many more.5G networks have faster speed as compared to previous networks like 4G, providing super-fast data transmission. For instance, augmented reality will enhance the wearable technology that will be integrated with the person’s daily life due to its speed. 5G will also help in improving the safety and security in smart cities. For example, tracking car accidents, real-time video recording, and terrorist attacks can automatically send signals or warn security to take a step ahead. For CCTV systems as well 5 G-enabled equipment will be able to receive the updates wirelessly and can also link various devices simultaneously.
5G technology in the future will demand more gadgets and increasing demand for smartphones will expand this market growth. The 5G mobile services market revenue is expected to generate 845 billion dollars by 2033. Moreover, post-Covid, people are more reliable on faster network speed which has developed a demand for high-speed connectivity.
Moreover, laptop manufacturers are enabling the 5 G inbuilt as the primary need for coming generations. Additionally, chipmaker Intel has offered new 5G solution 5000 modems in laptops from Asus, Acer, and HP covering most of the models.
According to Ericsson, 5G subscriptions will tremendously expand in the year 2020 to 2027, to almost acquiring 4 billion subscriptions. Countries like India, Bhutan Nepal, and East Asia will be highly capturing subscriptions.
Economic Impact of Covid-19:
The analysis of the COVID-19 recovery trajectory provides an overview of the main strategies that industries are implementing to respond to and recover from the economic crisis. It alsofocuses on the post-pandemic and pre-pandemic era of the Global 5G Technology Market through PEST analysis, SWOT, Quantitative and Qualitative analysis, Attractive analysis, and DROs.
Key Players:
- Qualcomm Technologies Inc,
- Samsung Group
- MediaTek Inc,
- ZTE Corporation
- Accenture Plc
- Dell Technologies Inc.
- HCL Technologies Ltd.
- Viavi Solutions Inc.
- Fujitsu Ltd
- Cisco Systems Inc.
- Intel Corp.
- Deutsche Telekom AG
- T Mobile US Inc.
- Siemens AG
- Telstra Ltd.
Recent Developments in Global 5G Technology Market.
In 2023, Qualcomm Technologies, a leader in 3G, 4G, and 5G is now driving the technology evolution for 5G Advanced in Release 18. This 5G advance will support new devices, services, spectrum, and deployments. 5G is predicted to power the digital economy and will enable up to 13.1T $ globally by 2035. The connected intelligent edge will deliver better privacy and lower latency.
Snapdragon, X70 has introduced the world's first 5G AI processor in a 5G Modem-RF system, a breakthrough 5G performance.
In 2023, MediaTek and Samsung Electronics Co Ltd completed the successful testing of 5G standalone Uplink (UL) 2CC carrier aggregation with C-band UL MIMO to reach the top uplink which is the best achievement on wireless mobile capabilities. The demand for uplink performance is increasing due to factors like live streaming, video conference, and multi-player gaming.
With over 50 million 5G consumers reliance Jio has led the 5G adoption in India
Global 5G TechnologyMarket Key Benefits:
- The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
- Quantitative and Qualitative analysis of the current market.
- Estimations for the forecast period 2032.
- Historical data and forecast data.
- Recent developments and trends in the market.
- Market share of the market players, company profiles, SWOT analysis, and competitive landscape.
- Covid-19 Impact analysis
Global 5G Technology Market Segmentation:
Based on Component:
- Software
- Hardware
- Services
Based on Application:
- Smart Surveillance
- VR and AR
- Automation
- Connected Vehicle
- Monitoring and Tracking
Based on Connectivity:
- Ultra-Reliable Mobile Broadband
- Enhanced Mobile Broadband
- Massive Machine Type Communication
Based on End-User:
- Healthcare
- Government
- Transportation and Logistics
- Energy and Utilities
- Others
Based on Region:
Asia-Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Rest of Asia-Pacific
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
The rest of the World
Each of the market segments has been analysed in detail for market trends, recent trends and developments, drivers, restraints, opportunities, and competitive analysis.
Research Scope:
|
Report Scope |
Details |
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Base Year |
2023 |
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Historical Years |
2019 to 2022 |
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Forecast Years |
2023 to 2030 |
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Market Size 2023 |
139.5 BN |
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Market Revenue 2030 |
1780.60 BN |
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Growth Rate 2023- 2033 |
40.9% |
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Report Coverage |
Trends, SWOT Analysis, Competitive Landscape, DROs, Revenue Forecast, PEST Analysis. |
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Segments Covered |
Component, Application, Connectivity, End-User,Region |
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Companies Mentioned |
Qualcomm Technologies Inc.,Samsung Group, MediaTek Inc.,ZTE Corporation, Accenture Plc, Dell Technologies Inc., HCL Technologies Ltd., Viavi Solutions Inc., Fujitsu Ltd, Cisco Systems Inc., Intel Corp, Deutsche Telekom AG, T Mobile US Inc., Siemens AG, Telstra Ltd |
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Customization |
Yes |
Regional Analysis:
Asia-Pacific has witnessed the largest share in 5G technology in the year 2022, followed by North America and Europe. The presence of key players is driving this region to grow in the forecast period. Also, government initiatives, high investment in 5G network technology, and adoption of advanced technologies are boosting this market. By 2026, the telecom providers are expecting to reach 665 billion new mobile internet consumers. China, Japan, Australia, and Malaysia are continuously trying to be 5G leaders whereas, South Korea and Taiwan are leaders in 5G network infrastructure. For instance, a successful demonstration of 5G technology was carried out by South Korea in the Winter Olympics where 5G was used to take a 360-degree view and recorda video of athletics in real-time.
5G technology also boosting in North America, due to rising demand for devices like smartphones, Tablets, and AR VR devices. The investment from key players such as Qualcomm, Cisco, and others is tremendously growing in this region.According to GSMA, the US and Canada are the global leaders in 5G adoption with the expectation to reach 59% in the US and 34% in Canada. There are 352 million unique mobile subscribers and it will reach 91% by 2030.
Key questions answered by this report.
- Top market players contributing to the revenue?
- Trending strategies by the players?
- Which region will be the leading one in the forecast period?
- Factors that drive the Global 5G Technology Market?
- Which factors will affect the Global 5G Technology Market?
- How Covid-19 pandemic impact the growth of the Global 5G Technology Market?
- Which Segment accounted for the Global 5G Technology Market shares?
Frequently Asked Questions (FAQ) :
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The Global 5G Technology Market was valued at USD 139.5 Billion in 2023 and is estimated to reach USD1780.60 Billion by 2030, growing at a CAGR of 40.9 % from 2023 to 2030.
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