In addition, the driving components that are critical for the success of 5G technologies are hardware, software and services coupled with advancements in 5G technology. By Connectivity, the multiple wireless connectivity features are broadly classified into eMBB, FWA, mMTC and uRLLC. The eMBB attributes to the primary focus by 5G network operatives on remitting enhanced broadband capacities for high-speed cloud-based gaming, AR/VR, UHD video, and constant video calls. The eMBB is providing exceptionally high data speeds for consumers and industries.
Besides, mMTC envisages catering to the growing need for a developed digital ecosystem. The mMTC focuses on providing high connection density applications, such as smart buildings and smart cities. The ever increasing demand to guarantee continuous connectivity for all the IoT devices deployed in a network is envisioned to contribute to the growth of the mMTC segment over the forecast period. As per this research report, the Worldwide 5G Industry is expected to grow with a massive CAGR of 58.70% from 2020-2026.
The 5G technology is estimated to provide various vital benefits to numerous sectors like IT & telecom, Energy & Utility, Manufacturing, Media & Entertainment, Transportation & Logistics, Aerospace & Defence, Healthcare, Government & Public Safety and BFSI. The IT & telecom inculcates significant investments by key players in the latest technologies for communication. 5G services are awaited to deliver ubiquitous broadband access between homes and offices, encouraging remote consultation with specialists and reducing business travel. Moreover, key application, such as healthcare, is expected to see a significant enactment of the 5G services to render enhanced telemedicine and healthcare emergency services during and post-pandemic. According to the analysis, the Global 5G Technology Market Size was US$ 4.10 Billion in 2020.
Regional Analysis of 5G Technology Market
In the past few years, by region numerous countries like North America, Latin America, Europe, Asia Pacific, and Middle East & Africa are leading research conducted to commercialize 5G technology. The continuous developments in the network infrastructure in these countries and the growing need for faster data transfer and high-performance network equipment are some of the key factors driving the growth of the 5G markets further.
Moreover, the infrastructural extension in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the broadening deployment of 5G networks proffer tremendous opportunities to implement the 5G services. China Telecom, China Mobile, SK Telecom, and KT Corporation are the key market players in APAC investing aggressively in rolling out the 5G network infrastructure in China, Japan, and South Korea. Due to a massive mobile subscriber base, enterprises in this region are becoming more competitive and focusing on offering better customer service.
The global market is profoundly fragmented as several regional telecom service providers spend in extending the next-generation infrastructure. The investment will help companies to obtain a vast customer base in the market. In addition, these market players are strategically focusing on mergers and acquisitions to strengthen their foothold in the global market. The prime players profiled in the market are Qualcomm Technologies, Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd. and Samsung Electronics Co., Ltd.
COVID-19 Analysis of 5G Technology Industry
The pandemic has paused the progression of the 5G foundation in numerous countries. The steps taken to restrict the spread of the disease have affected the timing of the 5G infrastructure standard finalization. For instance, the Department of Telecommunication of India has deferred its spectrum auction for the year 2021. This evolution has unfavorably affected numerous vendors and telecommunication operators present in the business.
Few vendors are converging on an intrusive 5G rollout plan in the year 2021, owing to the inclinations of 5G to serve various sectors during this crisis. In the healthcare sector, a 5G intelligent robot can assist healthcare in conducting remote treatment. For instance, in China, Wuhan, several hospitals use a 5G network to accommodate real-time aid to patients in inaccessible areas. Consequently, 5G has immense potential to support during crises. However, the delay in the 5G deployment is limiting its use. The 5G market globally is expected to gain exponential growth post the pandemic.
This latest report “5G Technology Market, Global Forecast by Components (Hardware, Software, Services), Connectivity (eMBB, FWA, mMTC, uRLLC), Application (IT & Telecom, Energy & Utility, Manufacturing, Media & Entertainment, Transportation & Logistics, Aerospace & Defense, Healthcare, Government & Public Safety, BFSI, Others), End-User (Enterprises, Consumers), Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa), Connection by Region (North America, Western Europe, Asia-Pacific Developed, China, Rest of the World) Company Analysis (Qualcomm Technologies, Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd.)” provides complete details on Global 5G Industry.
Components - 5G market has been covered from 3 viewpoints:
Connectivity - 5G market has been covered from 4 viewpoints:
Application - 5G market has been covered from 10 viewpoints:
1. IT & Telecom
2. Energy & Utility
4. Media & Entertainment
5. Transportation & Logistics
6. Aerospace & Defense
8. Government & Public Safety
End-User - 5G market has been covered from 2 viewpoints:
Region - 5G market has been covered from 5 viewpoints:
1. North America
2. Latin America
4. Asia Pacific
5. Middle East & Africa
Connection by Region - 5G Numbers has been covered from 5 viewpoints:
1. North America
2. Western Europe
3. Asia-Pacific Developed
5. Rest of the World (Undeveloped Asia-Pacific, MEA)
2. Recent Development
3. Financial Insight
1. Qualcomm Technologies, Inc.
2. Verizon Communications Inc.
3. Telefonaktiebolaget LM Ericsson.
4. Huawei Technologies Co., Ltd.
5. Samsung Electronics Co., Ltd.
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
5. Global 5G Market
6. Share Analysis
6.1 Market Share
6.1.1 By Components
6.1.2 By Connectivity
6.1.3 By Application
6.1.4 By End-User
6.1.5 By Region
6.2 Volume Share
6.2.1 Connection by Region
7. Components - Global 5G Market
8. Connectivity - Global 5G Market
9. Application - Global 5G Market
9.1 IT & Telecom
9.2 Energy & Utility
9.4 Media & Entertainment
9.5 Transportation & Logistics
9.6 Aerospace & Defense
9.8 Government & Public Safety
10. End-User - Global 5G Market
11. Region - Global 5 G Market
11.1 North America
11.2 Latin America
11.4 Asia Pacific
11.5 Middle East & Africa
12. Connection by Region - Global 5G Volume
12.1 North America
12.2 Western Europe
12.3 Asia-Pacific Developed
12.5 Rest of the World (Undeveloped Asia-Pacific, MEA)
13. Company Analysis
13.1 Qualcomm Technologies, Inc.
13.1.2 Recent Development
13.1.3 Financial Insight
13.2 Verizon Communications Inc.
13.2.2 Recent Development
13.2.3 Financial Insight
13.3 Telefonaktiebolaget LM Ericsson
13.3.2 Recent Development
13.3.3 Financial Insight
13.4 Huawei Technologies Co., Ltd.
13.4.2 Recent Development
13.4.3 Financial Insight
13.5 Samsung Electronics Co., Ltd.
13.5.2 Recent Development
13.5.3 Financial Insight
List of Figures:
Figure-01: Global 5 G Market & Forecast (Billion US$), 2020 - 2026
Figure-02: Component - Hardware Market & Forecast (Billion US$), 2020 - 2026
Figure-03: Component - Software Market & Forecast (Billion US$), 2020 - 2026
Figure-04: Component -Services Market & Forecast (Billion US$), 2020 - 2026
Figure-05: Connectivity - eMBB Market & Forecast (Billion US$), 2020 - 2026
Figure-06: Connectivity - FWA Market & Forecast (Billion US$), 2020 - 2026
Figure-07: Connectivity - mMTC Market & Forecast (Billion US$), 2020 - 2026
Figure-08: Connectivity - uRLLC Market & Forecast (Billion US$), 2020 - 2026
Figure-09: Application - IT & Telecom Market & Forecast (Million US$), 2020 - 2026
Figure-10: Application - Energy & Utility Market & Forecast (Million US$), 2020 - 2026
Figure-11: Application - Manufacturing Market & Forecast (Million US$), 2020 - 2026
Figure-12: Application - Media & Entertainment Market & Forecast (Million US$), 2020 - 2026
Figure-13: Application - Transportation & Logistics Market & Forecast (Million US$), 2020 - 2026
Figure-14: Application - Aerospace & Defense Market & Forecast (Million US$), 2020 - 2026
Figure-15: Application - Healthcare Market & Forecast (Million US$), 2020 - 2026
Figure-16: Application - Government & Public Safety Market & Forecast (Million US$), 2020 - 2026
Figure-17: Application - BFSI Market & Forecast (Million US$), 2020 - 2026
Figure-18: Application - Others Market & Forecast (Million US$), 2020 - 2026
Figure-19: End-User - Enterprises Market & Forecast (Billion US$), 2020 - 2026
Figure-20: End-User - Consumers Market & Forecast (Billion US$), 2020 - 2026
Figure-21: North America - 5 G Market & Forecast (Billion US$), 2020 - 2026
Figure-22: Latin America - 5 G Market & Forecast (Billion US$), 2020 - 2026
Figure-23: Europe - 5 G Market & Forecast (Billion US$), 2020 - 2026
Figure-24: Asia Pacific - 5 G Market & Forecast (Billion US$), 2020 - 2026
Figure-25: Middle East and Africa - 5 G Market & Forecast (Billion US$), 2020 - 2026
Figure-26: Connection by Region - North America 5 G Market & Forecast (Million Connection), 2020 - 2026
Figure-27: Connection by Region - Western Europe 5 G Market & Forecast (Million Connection), 2020 - 2026
Figure-28: Connection by Region - Asia-Pacific Developed 5 G Market & Forecast (Million Connection), 2020 - 2026
Figure-29: Connection by Region - China 5 G Market & Forecast (Million Connection), 2020 - 2026
Figure-30: Connection by Region - Rest of the World 5 G Market & Forecast (Million Connection), 2020 - 2026
Figure-31: Qualcomm Technologies, Inc. - Global Revenue (Billion US$), 2020 - 2026
Figure-32: Verizon Communications Inc. - Global Revenue (Billion US$), 2020 - 2026
Figure-33: Telefonaktiebolaget LM Ericsson - Global Revenue (Billion US$), 2020 - 2026
Figure-34: Huawei Technologies Co., Ltd. - Global Revenue (Billion US$), 2020 - 2026
Figure-35: Samsung Electronics Co., Ltd. - Global Revenue (Billion US$), 2020 - 2026
List of Tables:
Table-01: Global - 5 G Market & Forecast Share by Component (Percent), 2020 - 2026
Table-02: Global - 5 G Market & Forecast Share by Connectivity (Percent), 2020 - 2026
Table-03: Global - 5 G Market & Forecast Share by Application (Percent), 2020 - 2026
Table-04: Global - 5 G Market & Forecast Share by End-User (Percent), 2020 - 2026
Table-05: Global - 5 G Market & Forecast Share by Region (Percent), 2020 - 2026
Table-06: Global - 5 G Market & Forecast Share Connection by Region (Percent), 2021 - 2027
- Qualcomm Technologies, Inc.
- Verizon Communications Inc.
- Telefonaktiebolaget LM Ericsson.
- Huawei Technologies Co., Ltd.
- Samsung Electronics Co., Ltd.
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
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