Market Overview
As per Market Research Future Reports (MRFR), the global 5G market 2020 is estimated to grow exponentially over the next couple of years. The fast growth of the telecommunications industry is credited to drive the growth of the market in the forthcoming period. The penetration of 4G network is estimated to widen the expansion of the 5G industry in the coming years. Moreover, the strong base of 4G is likely to result in a robust growth opportunity for the development of 5G technology network. The increasing adoption of IoT, virtual reality, augmented reality, automation etc. are estimated to propel the demand of 5G services over the next years. The study reveals that 5G would deliver very high rate of data everywhere with a very high reliability and low latency. Not only this, with the emergence of 5G, the device costs would automatically be reduced along with the lesser energy consumption.
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The major market players are investing huge amounts for the development of their products in order to back the introduction of 5G network market. Mobile industries are paying attention on the manufacturing of 5G handsets. It is estimated that the 5G market will generate immense revenue during the forecast period.
An increase in the online streaming of the content is the biggest driver of the 5G market. It has been anticipated that consumer electronics and automotive would be the earliest adopters of 5G technology.
Market Segmentation
The 5g Market has been segmented by applications, components.
On the basis of applications, the 5G market has been divided into home automation, consumer electronics, healthcare, energy, utility, retail, and others.
On the basis of components, the 5G market has been classified into flexible duplex, access/backhaul integration, phantom cell, device-to-device communication. The phantom cell concept is based on a multi-layer network architecture that spills the user data plane and control plane between small cell and macro cell utilizing various frequency bands.
Key Players
The major global players effective in the 5G market have been profiled in this report are Verizon Wireless (U.S.), LM Ericsson (Sweden), AT&T Inc. (U.S.), Alcatel-Lucent (France), Huawei Technologies Co. Ltd. (China), China Mobile Ltd. (China), NTT DOCOMO, Inc. (Japan), Bharti Airtel Limited (India), and Vodafone Group PLC (UK).
Regional Insights
The regional analysis of the global 5G market consists of Europe, North America, Asia-Pacific, and the Rest of the World (RoW). The North American market stands at the apex in the market. It is estimated that the North American market will lead the market in forthcoming years. The progressive I.T. infrastructure of the region is expected to enhance the growth of the 5G market in the coming years. Moreover, the early establishment of the 5G market has resulted in a competitive edge over the other regional market. North America, with a highly robust technical support, can swipe away the 5G market expansion.
Europe is another competitive market for 5G services. The progressive technological advancement of the region is anticipated to result in a gradual expansion during the review period.
Asia-Pacific is estimated to show gradual growth during the forecast period. Growth in the I.T. industry, penetration of smartphones, and industrial automation are the primary reason for growing the demand for 5G services in the region. Moreover, countries like South Korea and China are working on the advancement of the 5G market. It is estimated that the market will create excellent opportunities for revenue generation in the coming years.
The study shows that organizations like Ericsson, Nokia are associating themselves with different companies in India like BSNL, Airtel for 5G network services. The research indicates that the 5G market is expected to establish itself globally by the end of the assessment period.
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Intended Audience
- System Integrators
- network equipment vendors
- OEMs
- Infrastructure vendors
- chipset vendors
- commercial banks
- integrated device manufacturers
- Network operators
- software/application providers
- user equipment manufacturers
- network infrastructure integrators
- Government Organizations
- Research/Consultancy firms
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