5G is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices. 5G wireless technology is meant to deliver higher multi-GBPS peak data speeds, ultralow latency, more reliability, massive network capacity, increased availability, and a uniform user experience to users.
The major drivers for 5G technology include rise in number of IoT devices and adoption of edge computing, surge in demand for content streaming services, and increase in demand for low latency connectivity in industrial automation. 5G technologies are expected to help deliver unmatched data speeds while improving the overall user experience and dramatically improving real-time data processing capabilities in IoT devices. Edge computing can help streaming services improve network performance by caching popular content closer to end users in edge data centers. Moreover, advent of 5G technologies is expected to further boost data speeds while improving the overall user experience. 5G technologies provide the essential network characteristics such as high reliability and low latency, which are required to support critical application in manufacturing facilities. 5G is one of the major technologies that is projected to facilitate industrial automation to Industry 4.0. Increase in investments in smart cities and opportunities in autonomous vehicles are expected to provide new growth opportunities for 5G technology. Growth in investments toward smart city infrastructure is expected to provide significant opportunity for implementation of 5G technologies within smart cities. 5G communication will enable the vast amounts of data generated from vehicle to be transferred and processed more efficiently while improving the overall performance of automated vehicles and further drive growth in autonomous long-distance transportation. However, challenges in small cell deployments and implementation of fiber backhaul are expected to restrain growth in the market.
The 5G technology market is segmented on the basis of component, connectivity, application, end use, and region. By component, it is classified into hardware, software and services. Based on connectivity, it is segregated into enhanced mobile broadband (EMBB), ultra-reliable low latency communication (URLLC), and massive machine type communication (MMTC). By application, it is segmented into automation, monitoring & tracking, connected vehicle, smart surveillance, VR & AR, enhanced video services, and others. By end use, the market is divided into manufacturing, automotive, energy & utilities, transportation & logistics, healthcare, government, media & entertainment, and others. By Region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the 5G technology market such as Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Telstra, T-Mobile, and Intel Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the 5G technology industry.
The major drivers for 5G technology include rise in number of IoT devices and adoption of edge computing, surge in demand for content streaming services, and increase in demand for low latency connectivity in industrial automation. 5G technologies are expected to help deliver unmatched data speeds while improving the overall user experience and dramatically improving real-time data processing capabilities in IoT devices. Edge computing can help streaming services improve network performance by caching popular content closer to end users in edge data centers. Moreover, advent of 5G technologies is expected to further boost data speeds while improving the overall user experience. 5G technologies provide the essential network characteristics such as high reliability and low latency, which are required to support critical application in manufacturing facilities. 5G is one of the major technologies that is projected to facilitate industrial automation to Industry 4.0. Increase in investments in smart cities and opportunities in autonomous vehicles are expected to provide new growth opportunities for 5G technology. Growth in investments toward smart city infrastructure is expected to provide significant opportunity for implementation of 5G technologies within smart cities. 5G communication will enable the vast amounts of data generated from vehicle to be transferred and processed more efficiently while improving the overall performance of automated vehicles and further drive growth in autonomous long-distance transportation. However, challenges in small cell deployments and implementation of fiber backhaul are expected to restrain growth in the market.
The 5G technology market is segmented on the basis of component, connectivity, application, end use, and region. By component, it is classified into hardware, software and services. Based on connectivity, it is segregated into enhanced mobile broadband (EMBB), ultra-reliable low latency communication (URLLC), and massive machine type communication (MMTC). By application, it is segmented into automation, monitoring & tracking, connected vehicle, smart surveillance, VR & AR, enhanced video services, and others. By end use, the market is divided into manufacturing, automotive, energy & utilities, transportation & logistics, healthcare, government, media & entertainment, and others. By Region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the 5G technology market such as Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Telstra, T-Mobile, and Intel Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the 5G technology industry.
Key Benefits For Stakeholders
- The study provides in-depth analysis of the global 5G technology market along with the current & future trends to illustrate the imminent investment pockets
- Information about key drivers, restrains, & opportunities and their impact analysis on the global 5G technology market size are provided in the report
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry
- The quantitative analysis of the global 5G technology market from 2021 to 2030 is provided to determine the market potential
Key market segments
By Component
- Hardware
- Software
- Services
By Connectivity
- Enhanced Mobile Broadband (EMBB)
- Ultra-Reliable Low Latency Communication (URLLC)
- Massive Machine Type Communication (MMTC)
By Application
- Automation
- Monitoring & Tracking
- Connected Vehicle
- Smart Surveillance
- VR & AR
- Enhanced Video Services
- Others
By End User
- Manufacturing
- Automotive
- Energy & Utilities
- Transportation & Logistics
- Healthcare
- Government
- Media & Entertainment
- Others
By Region
- North America
- US
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- Deutsche Telekom AG
- Ericsson
- Huawei Technology
- Nokia
- Orange SA
- Qualcomm Inc
- Telecom Italia
- Telstra
- T-Mobile
- Intel Corporation
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Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: 5G Technology Market, by Component
Chapter 5: 5G Technology Market, by Connectivity
Chapter 6: 5G Technology Market, by Application
Chapter 7: 5G Technology Market, by End-user
Chapter 8: 5G Technology Market, by Region
Chapter 9: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a recent report titled, “5G technology Market by Component, Connectivity, Application and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030,” the global 5G technology market was valued at $5.13 billion in 2020, and is projected to reach $797.80 billion by 2030, growing at a CAGR of 65.8% from 2021 to 2030.Global operators have started launching new 5G networks in early 2019. Also, all major phone manufacturers are commercializing 5G phones. Furthermore, 5G is designed to deliver peak data rates up to 20 Gbps based on IMT-2020 requirements. Moreover, the Qualcomm Technologies’ flagship 5G solutions, the Qualcomm Snapdragon X65 is designed to achieve up to 10 Gbps in downlink peak data rates. In addition to higher peak data rates, 5G is designed to provide much more network capacity by expanding into new spectrum, such as mmWave. 5G can also deliver much lower latency for a more immediate response and can provide an overall more uniform user experience so that the data rates stay consistently high even when users are moving around. And the new 5G NR mobile network is backed up by a Gigabit LTE coverage foundation, which can provide ubiquitous Gigabit-class connectivity.
On the basis of connectivity, the massive machine type communication (MMTC) segment is expected to grow at a fastest rate during the forecast period. As use of MMTC in sensor network in metering, agriculture, building, logistics, homes, and other applications are expected to be the key contributor to the growth of MMTC in the future 5G technology market.
By region, Asia-Pacific is the largest segment during 2020 and is expected to grow at the fastest CAGR during the forecast period due to wide presence of younger population in Asia-Pacific, which is increasing demand for digital applications including social gaming, media, and others. Furthermore, 5G network is expected to provide high data rate and thus, meet consumer expectations, which act as factors that boost the growth of the 5G technology market in the region.
The 5G technology market growth has been positively impacted by the COVID-19 outbreak. This is attributed to the fact that consumer trend toward 5G technology is rapidly increasing and moreover, many industry verticals have fast-tracked their investment in 5G adoption to make sure that they will be ready to embrace the new ways of collaboration and operations by adopting technologies such as artificial intelligence-based solutions for real-time interaction with consumers. In addition, the sudden workspace change has opened up many avenues for transformation such as need for ultra-high-speed connections at employee homes, video and mixed channel collaboration among employees, secure remote operation of critical business processes and others. It is now observed that advanced video/audio setups are being installed in homes to accommodate the needs of the new workspace. Thus, the 5G technology market has been positively impacted by the COVID-19 pandemic.
Key Findings Of The Study
- By connectivity, the enhanced mobile broadband (EMBB) segment led the 5G technology industry in terms of revenue in 2020
- By end use, the manufacturing segment accounted for the highest 5G technology market share in 2020
- By region, Asia-Pacific generated the highest revenue for the 5G technology market size in 2020
- The key players profiled in the 5G technology market are Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Telstra, T-Mobile, and Intel Corporation These players have adopted various strategies to increase their market penetration and strengthen their position in the 5G technology industry
Companies Mentioned
- Telekom AG
- Ericsson
- Huawei Technology
- Nokia
- Orange S.A.
- Qualcomm Inc.
- Telecom Italia
- Telstra
- T-Mobile
- Intel Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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