Report Details

IT and Communication

5G Technology Market Size, By Offerings (Hardware, Software and Services), By Application (Connected Vehicles, Monitoring & Tracking, Automation, Smart Surveillance, VR& AR, Enhanced Video Services and Others), By End-User (IT & Telecom, Automotive, Manufacturing, Government, Energy & Utilities, Transportation and Logistics, Healthcare, Media & Entertainment and Others), By Regional Outlook, Competitive Landscape And Forecast, 2032

By Type : Hardware, Software and Services

By Application : Connected Vehicles, Monitoring & Tracking, Automation, Smart Surveillance, VR& AR, Enhanced Video Se

ID: XI679336 | Published: Dec 2023 | Pages: 180 | Format: Electronic (PDF) | Industry: IT and Communication

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5G Technology Market Overview 2023:

The global 5G technology market size was USD 126 billion in 2022 and is expected to register a robust revenue CAGR of 40% during the forecast period. Key factors such as rising demand for high-speed networks, growing applications of IoT, and rising demand for low-latency networks are expected to drive global market growth between 2023 and 2032.

5G technology refers to the 5th generation of mobile network technology that has emerged as the hub of innovation in technology. 5G represents a significant leap in terms of speed, connectivity, and responsiveness as compared to its previous generations like 4G, 3G, and 2G.

In today’s rapidly evolving digital landscape, staying connected is very essential. 5G technology unlocks a world of possibilities from smart cities to IoT ecosystems to real-time interactions and immersive experiences. One of the groundbreaking features of 5G is its enhanced speed along with ultra-low latency that reduces the delay between sending and receiving data.

5G networks utilize advanced technologies such as beamforming and massive MIMO to provide efficient and more targeted connectivity. This is best suited for places with dense populations and challenging environments. 5G technology is rapidly gaining traction across various sectors including IT & telecom, automotive, manufacturing, government, energy & utilities, transportation and logistics, healthcare, and media & entertainment due to its key aspects such as higher speeds, low latency, enhanced connectivity, network slicing, and integration with IoT, smart devices and edge computing.

However, the deployment of 5G infrastructure requires substantial investment which can be a barrier for small network operators. In addition, other factors such as security concerns and infrastructure challenges limit the adoption of 5G technology in many parts of the globe during the forecast period.

Key Takeaways:

Rising Number of Connected Devices:

High usage of connected devices from smart homes and cities to industrial IoT applications, requirements of low network latency across various sectors, and government funds for developing and deploying 5G technology have resulted in rapid growth of the global market.

Limited Spectrum Availability and Security Concerns:

Though 5G technology is rapidly gaining traction, many regions have limited or fragmented spectrum availability, making it challenging to allocate the necessary bandwidth for 5G services. In addition, ensuring interoperability between different equipment and adhering to global standards is complex. These factors might hamper the overall market growth to a certain extent during the forecast period.

Market Opportunities:

The 5G technology market offers a vast array of opportunities for emerging and existing market players across various sectors. Some of the opportunities associated with 5G technology include enhanced mobile broadband (eMBB), mission-critical services, edge computing, rural connectivity, and digital inclusion.

Application Outlook:

The global market is segmented into connected vehicles, monitoring & tracking, automation, smart surveillance, VR & AR, enhanced video services, and others based on applications. The VR and AR segment is expected to register rapid revenue CAGR over the forecast period. This growth can be attributed to growing adoption of advanced technologies such as VR and AR across various sectors, high demand for high-speed data transmission for VR and AR applications, and integration of 5G technology in VR and AR for better content streaming, interactive gaming, virtual meetings, training simulations, and educational applications.

End Use Outlook:

Based on end use, the global market is segmented into IT & telecom, automotive, manufacturing, government, energy & utilities, transportation and logistics, healthcare, media & entertainment, and others. Among these, the automotive segment is expected to account for a significantly larger revenue share during the forecast period attributed to rising automation in the automotive sector, high adoption of 5G technology in the automotive industry for connected vehicles, autonomous driving, and ADAS, and requirement of low latency and high-speed data for real-time communication between vehicles and infrastructure.

Regional Outlook:

North America is expected to account for the largest revenue share in the global market during the forecast period owing to rising demand for higher data rates, increasing number of connected devices, and rapid evolution of 5G technology due to strategic initiatives of telecommunication providers, industry collaborations, and government support. In addition, presence of leading companies, potential applications of 5G technology across various sectors, and rising investments in R&D activities are expected to drive global market growth during the forecast period.

Report Coverage:

 Report Details  Outcome
 Base Year for Estimation  2022
 Historical Data  2018-2021
 Forecast Period  2023-2032
 Segments Covered   Offerings, Application, End-User and Region
 By Offerings  Hardware, Software and Services
 By Application  Connected Vehicles, Monitoring & Tracking, Automation, Smart Surveillance, VR& AR, Enhanced Video Services and Others 
 By End User  IT & Telecom, Automotive, Manufacturing, Government, Energy & Utilities, Transportation and Logistics, Healthcare, Media & Entertainment and Others
 Regional Scope  North America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Country Scope  United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Mexico, Brazil, Saudi Arabia, UAE, Turkey
 Qualitative Info  •Value Chain Analysis
 •Pricing Analysis
 •Regional Outlook
 •Market Trends
 •Market Share Analysis
 •Competition Analysis
 •Technological Advancements
 Key Players  Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Telstra, T-Mobile, Intel Corporation, Accenture Plc, Cisco Systems Inc., Dell Technologies, Inc., Fujitsu Ltd., Tech Mahindra, Ltd., ZTE Corporation, China Mobile Limited
 Customization Scope  10 Hours of Free Customization and Expert Consultation


Competitive Landscape:

The global 5G technology market is extremely competitive, comprising several regional and global level key players. Leading key players are focused on adopting various strategic alliances like mergers and acquisitions, partnerships, joint ventures, collaborations, and product launches to maintain their global position and enhance their product offerings. They are also focused on innovation, and scalability, and are adapting to evolving technology trends and consumer needs.

Some Leading Market Companies Listed in the Report:

  • Deutsche Telekom AG
  • Ericsson
  • Huawei Technology
  • Nokia
  • Orange S.A.
  • Qualcomm Inc.
  • Telecom Italia
  • Telstra
  • T-Mobile
  • Intel Corporation
  • Accenture Plc
  • Cisco Systems Inc.
  • Dell Technologies, Inc.
  • Fujitsu Ltd.
  • Tech Mahindra, Ltd.
  • ZTE Corporation
  • China Mobile Limited

5G Technology Industry Recent Developments:

  • In October 2023, Huawei announced its plans to launch Net5.5G series and solutions in the year 2024.
  • In October 2023, Ericsson announced the launch of its 5G Core Excellence Center in the Middle East and Africa.
  • In October 2022, Cognizant partnered with Qualcomm Technologies, Inc. to launch 5G Experience Center to accelerate enterprise digital transformation across various industries.

The global 5G technology Market has been segmented based on offerings, deployment, end-use, and region:

By Offerings:

  • Hardware
  • Software
  • Services

By Application:

  • Connected Vehicles
  • Monitoring & Tracking
  • Automation
  • Smart Surveillance
  • VR& AR
  • Enhanced Video Services
  • Others

By End User:

  • IT & Telecom
  • Automotive
  • Manufacturing
  • Government
  • Energy & Utilities
  • Transportation and Logistics
  • Healthcare
  • Media & Entertainment
  • Others

By Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
    • Nordic Countries
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Southeast Asia
    • India
    • Australia
    • Rest of Asia
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • UAE
    • Rest of MEA

FAQ

The 5G Technology market research report includes specific segments by region (country), i.e. North America, Europe, Asia Pacific, South America, Middle East and Africa

The 5G Technology market report provides global companies with an opportunity to enter new markets, invest in new sectors, analyze consumer reactions, investigate global competition, and ultimately make smart investments.

5G Technology report covers the latest market developments in terms of acquisitions, growth strategies, joint ventures and collaborations, new product launches, and more on industry.

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Chapter 1. Methodology and Scope

1.1. Methodology Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. Secondary Sources
1.2.3. Third-party Perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data Analysis Models
1.4. Market Formulation & Data Visualization
1.5. Research Scope & Assumptions

Chapter 2. Executive Summary

2.1. 5G Technology Market- Industry Snapshot, 2018 - 2032

Chapter 3. 5G Technology Market Variables, Trends & Scope

3.1. Market Size and Growth Prospects, 2023-2032
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis - Porter's Five Forces Analysis
3.5.2. PEST Analysis
3.5.3. COVID-19 Impact Analysis

Chapter 4. 5G Technology Market Type Outlook 2023-2032 (USD Million)

Chapter 5. 5G Technology Market Application Outlook 2023-2032(USD Million)

Chapter 6: Coronavirus Diseases (COVID-19) Impact:

6.1. Introduction

6.2 Current and Future Impact Analysis

6.3 Economic Impact Analysis

6.4 Investment Scenario

Chapter 7. North America 5G Technology Market Share by Region, 2023 & 2032 (USD Million)

7.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
7.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
7.4.1. U.S.
7.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
7.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7.4.1.3 Market Estimates and Forecast by Application, 2023-2032 (USD Million)

7. 4.2. Canada
7. 4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
7. 4.2.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7. 4.2.3 Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 8. Europe 5G Technology Market Share by Region, 2023 & 2032 (USD Million)
 
8.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
8.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

8.4.1. Germany
8.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
8.4.2. France
8.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.2.3. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.2.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.3.  UK
8.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.2.3.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.4.  Italy
8.4.4.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.4.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.5.  Russia
8.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.5.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.6.  Nordic Countries
8.4.6.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.6.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.6.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.7. Rest of Europe
8.4.7.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.7.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.7.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 9. Asia Pacific 5G Technology Market Share by Region, 2023 & 2032 (USD Million)

9.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
9.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

9.4.1. China
9.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.2. Japan
9.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.2.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.3.  South Korea
9.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.3.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.4.  India
9.4.4.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.4.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.5.  Australia

9.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.5.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.6. Rest of Asia Pacific
9.4.6.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.6.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.6.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 10. Latin America 5G Technology Market Share by Region, 2023 & 2032 (USD Million)

10.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
10.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

10.4.1. Mexico
10.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
10.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
10.4.2. Brazil
10.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
10.4.2.2 Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
10.4.3 Rest of Latin America
10.4.3.1 Market Estimates and Forecast 2023-2032 (USD Million)
10.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.3.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 11. Middle East and Africa 5G Technology Market Share by Region, 2023 & 2032 (USD Million)

11.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
11.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million

11.4.1 Turkey
11.4.1.1 Market Estimates and Forecast 2023-2032 (USD Million)
11.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.4.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.2.  Saudi Arabia
11.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.2.2 Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.3 UAE
11.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.4.1. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.5.  Rest of MEA
11.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.5.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 12 5G Technology Market Competitive Landscape

  • Deutsche Telekom AG
  • Ericsson
  • Huawei Technology
  • Nokia
  • Orange S.A.
  • Qualcomm Inc.
  • Telecom Italia
  • Telstra
  • T-Mobile
  • Intel Corporation
  • Accenture Plc
  • Cisco Systems Inc.
  • Dell Technologies, Inc.
  • Fujitsu Ltd.
  • Tech Mahindra, Ltd.
  • ZTE Corporation
  • China Mobile Limited

Table & Figure

  • Deutsche Telekom AG
  • Ericsson
  • Huawei Technology
  • Nokia
  • Orange S.A.
  • Qualcomm Inc.
  • Telecom Italia
  • Telstra
  • T-Mobile
  • Intel Corporation
  • Accenture Plc
  • Cisco Systems Inc.
  • Dell Technologies, Inc.
  • Fujitsu Ltd.
  • Tech Mahindra, Ltd.
  • ZTE Corporation
  • China Mobile Limited

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