Long Term Evolution (LTE) and 5G Broadcast Global Market Report 2024

The long term evolution (LTE) and 5G broadcast market size has grown rapidly in recent years. It will grow from $0.83 billion in 2023 to $0.94 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The expansion observed during the historical period can be attributed to several factors, including the growing need for fast internet connectivity, the expanding footprint of the Internet of Things (IoT), increasing consumer demand for premium content, and the rising application of multimedia services across emerging economies.

The long term evolution (LTE) and 5G broadcast market size is expected to see rapid growth in the next few years. It will grow to $1.53 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing penetration of smartphones, the advantages provided by LTE and 5G broadcast infrastructure, and the development of narrow-band IoT (NB-IoT) within 3GPP standards. Key trends expected during this period encompass rapid technological advancements, digital innovation, improvements in broadband speed, and strategic collaboration initiatives.

The increasing prevalence of smartphones is anticipated to drive the expansion of the long-term evolution (LTE) and 5G broadcast market in the future. Smartphones are handheld electronic devices that combine the functionalities of a traditional mobile phone with those of a computer. The growing ubiquity of smartphones can be attributed to factors such as internet connectivity, digital platforms, and the capabilities of a mobile workforce. LTE has improved coverage and reliability over 3G, while 5G builds upon this further by utilizing a combination of spectrum bands capable of covering larger areas and penetrating buildings more effectively. Enhanced reliability and coverage render smartphones more functional in various locations, thereby fostering higher adoption rates, particularly in rural and underdeveloped regions. For instance, a report published by Cybercrew in March 2023 indicated that the percentage of UK households using smartphones reached 91.43% in 2021 and is projected to rise to 93.8% by 2026. Consequently, the increasing prevalence of smartphones propels the long-term evolution (LTE) and 5G broadcast market.

Leading companies in the long-term evolution (LTE) and 5G broadcast market are innovating technological solutions, such as the 5G Fixed Wireless Access (FWA) platform, to gain a competitive advantage. The 5G Fixed Wireless Access (FWA) platform is a technology that provides high-speed internet access to homes, businesses, and other locations using 5G wireless networks. For example, in February 2021, Qualcomm Incorporated, a US-based software and wireless services company, introduced the Qualcomm 5G FWA platform, driven by the Snapdragon X65 5G Modem-RF System. This platform enables mobile operators to deliver fixed broadband services to homes and businesses through their 5G networks. The second-generation reference design of the Qualcomm 5G FWA Platform accelerates the production of 5G fixed wireless devices, offering consumers faster and more reliable internet with peak speeds of up to 10 Gigabits.

In June 2023, Hewlett Packard Enterprise, a US-based information technology company, acquired Athonet for $1.3 billion. This acquisition strengthens Hewlett Packard Enterprise's position in wireless connectivity, enabling telecom companies to explore new revenue streams and assisting businesses in expediting the deployment of private cellular networks. Athonet, headquartered in Italy, specializes in providing 5G and LTE mobile platforms for private networks.

Major companies operating in the long term evolution (LTE) and 5G broadcast market are Samsung Electronics Co. Ltd., Verizon Wireless, AT&T Inc., China Mobile Ltd., Huawei Technologies Co. Ltd., China Telecom Corporation Limited, Intel Corporation, T-Mobile USA Inc., China United Network Communications Limited, Cisco Systems Inc., Qualcomm Incorporated, America Movil S.A.B. de C.V., NTT Docomo Inc., NEC Corporation, Telefonaktiebolaget LM Ericsson, Nokia Corporation, KDDI Corporation, KT Corporation, ZTE Corporation, Telstra Group Limited, Telstra Corporation Limited, SK Telecom Co. Ltd., Keysight Technologi Inc., Rohde & Schwarz GmbH & Co. KG, Reliance Limited, Sierra Wireless, Spinner GmbH, Enensys Technologies SA, Athonet srl, EXPWAY.

North America was the largest region in the long term evolution (LTE) and 5G broadcast market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the long term evolution (LTE) and 5G broadcast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the long term evolution (LTE) and 5G broadcast market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Long-Term Evolution (LTE) and 5G broadcast technologies are specifically engineered to efficiently deliver multimedia content, including video, audio, and data, to numerous users simultaneously via cellular networks. These advancements revolutionize the landscape of multimedia content delivery and consumption, offering improved quality, scalability, and flexibility for broadcasters, content providers, and mobile network operators.

The primary device types associated with Long-Term Evolution (LTE) and 5G broadcast include wireless and mobile devices, as well as wired devices. Wireless and mobile devices encompass portable gadgets such as smartphones and tablets that connect to networks wirelessly. Notable technologies within this domain include LTE broadcast and 5G broadcast. These technologies find application across various end-user sectors, including video-on-demand services, mobile TV platforms, connected vehicles, emergency alert systems, sports stadiums, electronic newspapers and magazines, radio data feeds and notifications, among others.

The long term evolution (LTE) and 5G broadcast market research report is one of a series of new reports that provides long term evolution (LTE) and 5G broadcast market statistics, including long term evolution (LTE) and 5G broadcast industry global market size, regional shares, competitors with an long term evolution (LTE) and 5G broadcast market share, detailed long term evolution (LTE) and 5G broadcast market segments, market trends and opportunities, and any further data you may need to thrive in the long term evolution (LTE) and 5G broadcast industry. This long term evolution (LTE) and 5G broadcast market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The long-term evolution (LTE) And 5G broadcast market consists of revenues earned by entities by providing services such as distributing public and commercial linear TV and radio, real-time navigation, traffic updates. The market value includes the value of related goods sold by the service provider or included within the service offering. The long-term evolution (LTE) And 5G broadcast market also includes sales of smartphones, tablets, laptops, smart TVs, and cars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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