Market Synopsis:
According to Market Research Future (MRFR)’s report, the global 5G market is expected to grow substantially over the next couple of years. The growth of the telecommunications industry is poised to drive the expansion of the market in the foreseeable future.
5G is technically the successor of 4G network and offers better speed with lower communication latency. The penetration of 4G network is anticipated to propel the expansion of the 5G Market in the forthcoming years. Furthermore, the advent of industry 4.0 is likely to unleash exceptional growth opportunities for the penetration of the 5G network. The rising adoption of IoT, IIoT, virtual reality and augmented reality, automation, etc. is projected to fuel demand for 5G services over the next couple of years.
Key players of the peripheral markets are also investing in the development of their products for supporting the launch of the 5G network. For instance, mobile companies are focusing on the production of 5G handsets. By 2020, 5G services are likely to be launched commercially worldwide. The report indicates that the 5G market is anticipated to remain highly lucrative across the assessment period.
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Key Players
The prominent players in the 5G Market are - Verizon Wireless (U.S.), AT&T Inc. (U.S.), LM Ericsson (Sweden), Alcatel-Lucent (France), China Mobile Ltd. (China), Huawei Technologies Co. Ltd. (China), NTT DOCOMO, Inc. (Japan), Vodafone Group PLC (UK), Bharti Airtel Limited (India) among others.
Market Segmentation:
- By components, the global 5G market has been segmented into phantom cell, device-to-device communication, access/backhaul integration, and flexible duplex communication.
- By applications, the 5G market has been segmented into consumer electronics, automotive, retail, energy, utility, healthcare, home automation, and others.
Regional Insights:
The regional study of the global 5G market encompasses Asia Pacific, North America, Europe and the Rest of the World (RoW). North America is the pioneer in the market. It is anticipated to dominate the market over the next few years. The advanced IT infrastructure of the region is likely to support the growth of the 5G market in the foreseeable future. Furthermore, the early deployment of 5G services has earned a competitive edge over the other regional markets. Europe is another potential market for 5G services. The technological advancement of the region is projected to facilitate the expansion of the 5G market over the next few years. Asia Pacific is anticipated to register gradual growth over the assessment period. Industrial automation, advancements in the IT industry, penetration of smartphones, etc. are primarily responsible for generating demand for 5G services across the region. In addition, country=-level markets such as South Korea and China are already working on the development of the 5G market. It is anticipated to accelerate revenue creation in the years to come.
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Table of Contents:
LIST OF TABLES
Table 1 Market, By Component
Table 2 Market, By Application
Table 3 Market, By Regions
Table 4 North America Market, By Component
Table 5 North America Market, By Application
Table 6 U.S. Market, By Component
Table 7 U.S. Market, By Application
Table 8 Canada Market, By Component
Table 9 Canada Market, By Application
Table 10 Europe Market, By Component
Table 11 Europe Market, By Application
Table 12 Germany Market, By Component
Table 13 Germany Market, By Application
Table 14 France Market, By Component
Table 15 France Market, By Application
Table 16 U.K. Market, By Component
Continued…
Know More about this Report @ https://www.marketwatch.com/press-release/5g-market-2019-global-industry-analysis-by-size-share-trends-opportunity-assessment-emerging-technologies-segmentation-and-comprehensive-research-study-till-2022-2019-10-01
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