According to TMR, the Global 5G Technology Market is accounted for $33.67 billion in 2017 and is expected to reach $3482.89 billion by 2026 growing at a CAGR of 67.44% during the forecast period. Some of the key factors influencing the market growth include Rapid growing demand for high internet speed in order to get real time response, increasing demand for broadband services over mobile networks. However, lack of skilled engineers to install and maintain the 5G network is restricting the market growth.
5G technology is projected to have a massive impact on next-gen infrastructures. It is likely to play an important role in powering future cities, industries, transport, homes, etc. The high-performance network capacity of 5G technology is prompting service providers and telecom operators to invest in the technology. 5G connectivity is going to provide better speeds and coverage than other connectivity. The technology operates with a 5 GHz signal and offers a speed up to 1GB per second.
Based on the communication infrastructure, small cells are expected to grow at a significant market share during the forecast period. Small cells are low-powered portable base stations that can be placed throughout cities. Carriers can install many small cells to form a dense, multifaceted infrastructure. Small cells’ low-profile antennas make them unobtrusive, but their sheer numbers make them difficult to set up in rural areas.
By Geography, North America is likely to remain at the forefront for 5G technology adoption during the forecast period. The increasing popularity of consumer electronic devices with applications that rely on high-speed network is reflecting favourably on the market in North America. The demand of 5G-enabled devices is rising in countries such as the U.S. and Canada.
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Some of the key players in global 5G technology market are Broadcom Corporation, Telecom Italia, Ericsson, Orange S.A, Qualcomm Inc., Vodafone, Intel, Mediatek, Deutsche Telekom AG, Huawei Technologies Co. Ltd., BMW Group Research and Technology, Cisco Systems, Inc, NTT DOCOMO, Inc., AT&T Inc., Samsung, Nippon Telegraph and Telephone, NEC Corporation, Nokia Networks, Alcatel-Lucent S.A. and Verizon Communications.
Services Covered:
• Extreme Mobile Broadband
• Massive Machine-Type Communications (MTC)
• Ultra-Reliable Machine-Type Communications (MTC)
• Managed Services
• Professional Services
Product Types Covered:
• Multi-Access Edge Computing (MEC)
• Network Function Virtualization Infrastructure (NFVI)
• Software Defined Networking (SDN)
• Fog Computing (FC)
Communication Infrastructures Covered:
• Macro Cell
• Small Cell
• Distributed Antenna System (DAS)
• 5G Next Generation (NG) Core
• 5G Radio Access Network (RAN)
Chipset Types Covered:
• Millimeter Wave Technology Chips
• Radio Frequency Integrated Circuit (FRIC)
• Field Programmable Gate Array (FPGA)
• Application-Specific Integrated Circuit (ASIC)
Usabilities Covered:
• Mission Critical Services
• Enhanced Mobile Broadband
• Massive Internet of Things
Technologies Covered:
• High Speed Package Access (HSPA)
• Global System for Mobile (GSM)
• Wi-Fi
• Worldwide Interoperability for Microwave Access (WiMAX)
• Radio Access Technologies (RAT)
• Optical Backhaul
• Routing Backhaul
• Mobile Edge Computing (MEC)
• Other Technologies
Applications Covered:
• Virtual Reality & Augmented Reality
• Smart Factory
• Driverless Car
• Connected Automotive
• Wireless eHealth
• Connected Energy
• Connected Drones
• Smart Cities
• Smart Manufacturing
• Smart Home
• Individual Users
• Offices
• Autonomous Driving
• Industrial IoT
• Smart Farming
• Other Applications
Verticals Covered:
• Energy & Utilities
• Home Automation
• Public Safety and Surveillance
• Automotive & Transportation
• Agriculture
• Manufacturing
• Healthcare Sector
• Retail Sector
• Intelligent Buildings and Infrastructure
• Industrial Automation
• Consumer Electronics
• Defense and Military
• Government and Utilities
• Other End-use Verticals
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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