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Global 5G Technology Market: By Offering: Hardware, Software, Services; By Connectivity; By Application: Connected Vehicles, Monitoring and Tracking, Automation, Smart Surveillance, Others; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global 5G Technology Market Outlook

The global 5G technology market attained a value of USD 6 billion in 2020. The market is further expected to attain USD 700 billion by 2026.

 

Global 5G Technology Market

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Fast Network and Digitisation of End Use Industries are Aiding the Market Growth

The market for 5G technology is expanding rapidly due to the rising demand for fast wireless internet. The growing demand for video conferencing, distant learning, and multiple user gaming also aid the market growth. 5G technology also increases the speed and quality of various functions, such as ultra-HD video streaming, and the control of robots and drones. Emerging technologies such as virtual reality (VR), and augmented reality (AR), among others, demand fast and efficient network and accelerates the market growth. The market is also fueled by various government initiatives including investments in technology developments. For example, the Indian government approved Rs. 12,195 crores for telecom gear manufacturing in India; initiatives such as this boost the industry. 5G relies on multiple spectrum bands-low band, mid band, and high band. This enables ultra-fast services for Internet of things (IoT), industries, as well as mobile devices and hence promotes compatibility across systems.

Moreover, digitisation of manufacturing and other production processes can automatically generate, transmit and process data without human intervention, consequently lubricating the market growth. The development of smart cities and smart energy also aids in market growth. Advancement such as Internet of things (IoT) is expected to be a major driver for the industry, especially due to ultra-reliable low latency communications and massive machine-type communication provided by the 5G technology.

 

5G Technology: Industry Definition and Segmentation

5G is fifth-generation mobile network which enables a new kind of network that is designed to connect virtually everything, including machines, objects, and devices. The wireless technology is meant to deliver multi GBps peak data speed, ultra-low latency, reliability, massive networks capacity, and improved efficiency.

 

Global 5G Technology Market By Application

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The major offerings of 5G technology are:

  • Hardware
  • Software
  • Services

The market can be broadly categorised on the basis of its connectivity into:

  • Enhanced Mobile Broadband (EMBB)
  • Ultra-reliable Low Latency Communication (URLLC)
  • Massive Machine Type Communication (MMTC)

Based on its applications, the market is segmented into:

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

The major end uses of 5G technology are:

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

The EMR report looks into the regional markets of 5G technology like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global 5G Technology Market By Region

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Advancing Technology to Bolster the Market Growth of 5G Technology

Surging demand for wireless broadband and faster internet are some of the major drivers for the market growth of 5G technology. This is attributed to the rising data demand caused by the increase in video consumption in recent years. Further, the increasing demand from autonomous vehicles is also boosting the growth of the industry. The extreme use of smartphones has also increased the need for faster internet. As the 5G technology enables the interconnectivity between numerous devices, as in smart homes and medical devices, it is increasingly used for both business and personal purposes, which further lubricates the market.

High reliability and low latency are some of the key network characteristics for industries which are expected to boost the market growth. The efficient and faster transfer of data also provides aid. The growth of edge computing, which provides execution resources for applications with networking close to the end user, goes hand in hand with the growth of 5G technology. It also facilitates technological advancements such as network slicing, which can be dedicated to different purposes and hence are more user friendly. Additionally, it can also control the machinery of industrial plants, logistics, and automated transportation. It can also improve the quality of life of the city by placing various sensors in different parts and objects; it could be monitored, and the shared information would facilitate the navigation of autonomous cars and choose better routes and reduce the number of accidents. Therefore, 5G technology is expected to witness heightened demand over the forecast period, consequently boosting the market growth.

 

Key Industry Players in the Global 5G Technology Market

The report presents a detailed analysis of the following key players in the global 5G technology market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Samsung Electronics Co Ltd
  • Nokia Corporation
  • Huawei Technologies Co., Ltd.
  • Qualcomm Technologies, Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Offering, Connectivity, Application, End Use, Region
Breakup by Offering Hardware, Software, Services
Breakup by Connectivity Enhanced Mobile Broadband (EMBB), Ultra-reliable Low Latency Communication (URLLC), Massive Machine Type Communication (MMTC)
Breakup by Application Connected Vehicles, Monitoring and Tracking, Automation, Smart Surveillance, VR and AR, Enhanced Video Services, Others
Breakup by End Use Manufacturing, Automotive, Energy and Utilities, Transportation and Logistics, Healthcare, Government, Media and Entertainment, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Samsung Electronics Co Ltd, Nokia Corporation, Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global 5G Technology Market Analysis

    8.1    Key Industry Highlights
    8.2    Global 5G Technology Historical Market (2016-2020) 
    8.3    Global 5G Technology Market Forecast (2021-2026)
    8.4    Global 5G Technology Market by Offering
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Services
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global 5G Technology Market by Connectivity
        8.5.1    Enhanced Mobile Broadband (EMBB)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Ultra-reliable Low Latency Communication (URLLC)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Massive Machine Type Communication (MMTC)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global 5G Technology Market by Application
        8.6.1    Connected Vehicles
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Monitoring and Tracking
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Automation
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Smart Surveillance
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    VR and AR
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Enhanced Video Services
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2016-2020)
            8.6.6.3    Forecast Trend (2021-2026)
        8.6.7    Others
    8.7    Global 5G Technology Market by End Use
        8.7.1    Manufacturing
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Automotive
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Energy and Utilities
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Transportation and Logistics
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Healthcare
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Government
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Media and Entertainment
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2016-2020)
            8.7.7.3    Forecast Trend (2021-2026)
        8.7.8    Others
    8.8    Global 5G Technology Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Samsung Electronics Co Ltd
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Nokia Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Huawei Technologies Co., Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Qualcomm Technologies, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global 5G Technology Market: Key Industry Highlights, 2016 and 2026
2.    Global 5G Technology Historical Market: Breakup by Offering (USD Billion), 2016-2020
3.    Global 5G Technology Market Forecast: Breakup by Offering (USD Billion), 2021-2026
4.    Global 5G Technology Market Forecast: Breakup by Connectivity (USD Billion), 2021-2026
5.    Global 5G Technology Market Forecast: Breakup by Connectivity (USD Billion), 2021-2026
6.    Global 5G Technology Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global 5G Technology Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global 5G Technology Historical Market: Breakup by End Use (USD Billion), 2016-2020
9.    Global 5G Technology Market Forecast: Breakup by End Use (USD Billion), 2021-2026
10.    Global 5G Technology Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global 5G Technology Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America 5G Technology Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America 5G Technology Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe 5G Technology Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe 5G Technology Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific 5G Technology Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific 5G Technology Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America 5G Technology Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America 5G Technology Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa 5G Technology Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa 5G Technology Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global 5G Technology Market Structure

Key Questions Answered in the Report

In 2020, the global 5G technology market attained a value of nearly USD 6 billion.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 700 billion by 2026.

The industry is being aided by increasing internet usage and various government initiatives.

Rising technological advancements and the growth of automated vehicles are expected to define the market growth in the forecast period.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major offerings of 5G technology are hardware, software, and services.

The market, on the basis of its connectivity can be segmented into enhanced mobile broadband (EMBB), ultra-reliable low latency communication (URLLC), and massive machine type communication (MMTC).

Connected vehicles, monitoring and tracking, automation, smart surveillance, VR and AR, and enhanced video services, among others, are the major applications of 5G technology.

The end uses of 5G technology are manufacturing, automotive, energy and utilities, transportation and logistics, healthcare, government, and media and entertainment, among others.

The major players in the industry are Samsung Electronics Co. Ltd, Nokia Corporation, Huawei Technologies Co., Ltd., and Qualcomm Technologies, Inc., among others.

Analyst Review

The global 5G technology market attained a value of USD 6 billion in 2020, driven by the rising demand for fast wireless internet across the world. Aided by the growing technological advancements, the market is expected to attain USD 700 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its offerings, the 5G technology industry can be segmented into hardware, software, and services. The market can be categorsied on the basis of its connectivity into enhanced mobile broadband (EMBB), ultra-reliable low latency communication (URLCC), and massive machine type communication (MMTC). On the basis of applications, the industry is divided into connected vehicles, monitoring and tracking, automation, smart surveillance, VR and AR, and enhanced video services, among others. The major end uses of 5G technology are manufacturing, automotive, energy and utilities, transportation and logistics, healthcare, government, and media and entertainment, among others. The major regional markets for 5G technology are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Samsung Electronics Co. Ltd, Nokia Corporation, Huawei Technologies Co., Ltd., and Qualcomm Technologies, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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