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Smartphone Ubiquity Boosts LTE And 5G Broadcast Market Growth Driver: Leading Transformation in the Long Term Evolution (LTE) And 5G Broadcast Market in 2025
Smartphone Ubiquity Boosts LTE And 5G Broadcast Market
The long term evolution (LTE) and 5G broadcast market will grow from $0.94 billion in 2024 to $1.06 billion in 2025, at a CAGR of 13.2%. Growth drivers include the need for fast internet, expansion of IoT, rising demand for premium content, and multimedia services in emerging economies.
The LTE and 5G broadcast market will grow to $1.73 billion by 2029, fueled by smartphone penetration and LTE & 5G broadcast infrastructure benefits. Trends include technological advancements, digital innovation, broadband speed improvements, and strategic collaborations.
What Is Driving the Growth Trajectory of the Long Term Evolution (LTE) And 5G Broadcast Market?
The rising adoption of smartphones is expected to drive the growth of both the long-term evolution (LTE) and 5G broadcast markets. Smartphones are handheld devices that combine mobile phone functionalities with those of a computer. The growing use of smartphones is largely due to enhanced internet connectivity, digital platforms, and the need for mobile workforces. LTE improves coverage and reliability over 3G, and 5G further enhances this by utilizing a range of spectrum bands for better coverage and building penetration. This improvement increases the functionality of smartphones, encouraging higher adoption rates, particularly in rural and underdeveloped areas. In March 2023, Cybercrew, a UK-based cybersecurity company, reported that 91.43% of UK households used smartphones in 2021, with this figure expected to reach 93.8% by 2026. Therefore, the growing smartphone penetration drives the LTE and 5G Broadcast markets.
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Which Leading Companies Are Shaping the Growth of the Long Term Evolution (LTE) And 5G Broadcast Market?
Major companies operating in the long term evolution (LTE) and 5G broadcast market report are Samsung Electronics Co. Ltd.; Verizon Wireless; AT&T Inc.; China Mobile Ltd.; Huawei Technologies Co. Ltd.; China Telecom Corporation Limited; Intel Corporation; T-Mobile USA Inc.; China United Network Communications Limited; Cisco Systems Inc.; Qualcomm Incorporated; America Movil S.A.B. de C.V.; NTT Docomo Inc.; NEC Corporation; Telefonaktiebolaget LM Ericsson; Nokia Corporation; KDDI Corporation; KT Corporation; ZTE Corporation; Telstra Group Limited; Telstra Corporation Limited; SK Telecom Co. Ltd.; Keysight Technologi Inc.; Rohde & Schwarz GmbH & Co. KG; Reliance Limited; Sierra Wireless; Spinner GmbH; Enensys Technologies SA; Athonet srl; EXPWAY
What Are the Latest Innovations in the Long Term Evolution (LTE) And 5G Broadcast Market?
In the LTE and 5G broadcast markets, key players are developing platforms such as the 5G Fixed Wireless Access (FWA) to stay competitive. The 5G FWA platform provides fast internet access via 5G wireless networks for homes, businesses, and other locations. For example, in July 2024, NTT Docomo, Inc., a Japanese mobile operator, introduced its 5G New Radio-Dual Connectivity (NR-DC) service. This service offers download speeds up to 6.6 Gbps, one of the fastest in Japan, using both Sub-6 and millimeter-wave frequencies. The NR-DC technology enables simultaneous transmission and reception across multiple frequencies, boosting overall performance and user experience.
What Are the Key Segments of the Long Term Evolution (LTE) And 5G Broadcast Market?
The long term evolution (LTE) and 5G broadcast market covered in this report is segmented -
1) By Device Type: Wireless And Mobile Devices, Wired Devices
2) By Technology: Long-Term Evolution (LTE) Broadcast, 5G Broadcast
3) By End Users: Video-On-Demand, Mobile TV, Connected Cars, Emergency Alerts, Stadiums, E-Newspapers And E-Magazines, Radio Data Feed And Notifications, Other End Users
Subsegments:
1) By Wireless And Mobile Devices: Smartphones, Tablets, Wearables, Laptops
2) By Wired Devices: Set-Top Boxes, Fixed Modems, Routers
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Which Region Dominates the Long Term Evolution (LTE) And 5G Broadcast Market?
North America was the largest region in the long term evolution (LTE) and 5G broadcast market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the long term evolution (LTE) and 5G broadcast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Long Term Evolution (LTE) And 5G Broadcast Global Market Report?
- Market Size Analysis: Analyze the Long Term Evolution (LTE) And 5G Broadcast Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Long Term Evolution (LTE) And 5G Broadcast Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Long Term Evolution (LTE) And 5G Broadcast Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Long Term Evolution (LTE) And 5G Broadcast Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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