5G Technology Market: Infrastructure Type (Small Cells & Macrocells), Application (Connected Vehicle, Monitoring & Tracking, Automation, Smart Monitoring, VR & AR, and Others) and End User (Manufacturing, Automotive, Energy & Utilities) , Transportation & Logistics, Healthcare & Others), & By Region – Global industry sizing, growth, trend, opportunity and forecast (2020-2025)
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The 5G Technology Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by major market players operating in the global market . It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive analyzes of the market, capturing all aspects of the 5G technology industry.
Global 5G Technology Market Research Report, 2018-2025 (USD Billion)
5G Technology Market: Introduction
5G is the next-generation cellular technology, which should provide reliable high-speed communication at insufficient latency levels. This covers all the hardware, applications and infrastructure architecture, which are essential for the deployment of the 5G network. 5G technology is set to redefine communication, entertainment and internet connectivity. 5G was generally aimed at providing efficient browsing speed as well as lower power consumption compared to predecessors. In times of emergency and unforeseen expense, 5G networks can address new use cases, including IoT as well as broadcast and mission-critical communications services.
5G Technology: Market Dynamics
The 5G technology market is mainly driven by the increasing proliferation and rapid technological development of mobile and connected devices across many sensor and semiconductor technology industries. Regarding the massive growth projections expected by the industry over the next few years, an increasing number of business sectors are integrating 5G technology into their business infrastructure. The market for 5G technology is estimated to be outpacing all past innovations, paving the way for future development while capturing the interest of service providers.
Many governments and educational institutions have already laid the groundwork for 5G to gain a new edge in this technology, which is expected to consume faster and less power than most broadband wireless technologies currently in commercial use. . However, the continuous delay in spectrum allocation and standardization is hampering the growth of the market across the globe. Additionally, the COVID-19 pandemic outbreak in early 2020 significantly affected market growth in fiscal 2020. In the first quarter of 2020, this impact was minimal; however, it is likely to rebound from the second quarter of 2020. Thus, over the next four quarters, the pandemic could slow the speed of 5G installations, and small cells could lead to revising its next small cell forecast to take into account of the unforeseen event.
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5G Technology Market: Report Scope
The report describes the 5G technology market study based on infrastructure type, end user and application.
On the basis of infrastructure type, the 5G technology market is segmented into
Based on application, the 5G technology market is segmented into–
- Connected vehicles
- Monitoring and follow-up
- Smart Monitoring
- VR and AR
- Others (enhanced video services)
Based on end-user, the 5G technology market is segmented into
- Energy and Utilities
- Logistic transport
- Health care
- Others (media and entertainment)
5G Technology Market by Infrastructure Type, 2018-2025 (USD Million)
Source: MSG Analysis, 2020
5G Technology Market: Regional Outlook
The 5G technology market is segmented into North America, Asia-Pacific, Europe, South America, and Middle East and Africa (MEA) from a geographical perspective. North America is expected to hold a dominant position in the global 5G technology market globally. Several factors driving the growth of the market in the region include well-developed ICT infrastructure, continuous growth in R&D for 5G technology and increasing networking and implementation activities in this technology emerging. The strong acceptance of emerging digital technologies, such as IoT, wearable devices, is well known in North America. 5G addresses the secure and fast communication needed for these technologies. Moreover, the presence of key players in the 5G technology market in the United States, including Qualcomm Technologies Inc., further supports the market growth in the region.
5G technology market growth by region, 2020-2025
Source: MSG Analysis, 2020
Asia-Pacific is estimated to have a considerable CAGR in the global 5G infrastructure market during the forecast period. This growth is accredited by the continued growth of the telecommunications sector, especially in China. According to the Ministry of Industry and Information Technology, China will come up with a 5G plan for 5G millimeter wave frequencies. Apart from China, several other economies in the Asia-Pacific region such as Japan, India, and South Korea are expected to integrate 5G technology into their infrastructure during the forecast period. In June 2019, the Indian government finalized the list of frequency bands to be distributed in 5G telecom services during the International Telecommunication Union World Radiocommunication Conference 2019 in Egypt. Such steps towards the inclusion of 5G technology will drive the growth of the Asia-Pacific market over the forecast period.
5G Technology Market: Competitive Landscape
The major players operating in the global 5G technology market are Cisco Systems, Inc., Marvell Semiconductor, Inc., NEC Corp., Qualcomm Technologies, Inc., Fujitsu Global, and Verizon Communications Inc.
Other 5G technology manufacturers players include CommScope, Inc., Samsung Electronics Co., Ltd., ZTE Corp., VMware, Inc., Mavenir Systems, Inc., AT&T, Reliance Industries Ltd. and Intel Corporation. These market players continuously adopt several market growth strategies such as product launch, partnership and collaboration, and geographic expansion to stay competitive in the global market.
- In August 2020, AT&T Inc. collaborated with IBM Corporation to accelerate digital transformation across the world. Companies will use the 5G wireless network and edge computing to help businesses integrate smart solutions.
- In July 2020, Reliance Industries Ltd. announced 5G solutions under the “Made in India” program. The company further said that it will begin its field rollout as soon as 5G spectrum becomes available.
The 5G Technology Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes contributions from industry participants and industry experts across the value chain.
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The 5G Technology Market report covers comprehensive analysis on:
- Market dynamics
- Market segmentation
- Regional analysis
- Market size in value
- Price analysis
- Supply and demand analysis
- Business analysis
- Market Factor Analysis
- Market trends
- Regulatory landscape
- Patent analysis
- Competition landscape
- More than 15 company profiles
The regional analysis includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
5G Technology: Target Audience
- Distributors of 5G technology
- Tier 1 Component Suppliers
- Research institutions and universities
- Trade publications and magazines
- Government authorities, associations and organizations
- Independent Aftermarket Players
- End-use industry players