Press release
Long Term Evolution (LTE) And 5G Broadcast Market Size Projected To Reach $1.73 Billion By 2034 With A Cagr Of 12.9%
Long Term Evolution (LTE) And 5G Broadcast
What Is the Expected Long Term Evolution (LTE) And 5G Broadcast Market Size During the Forecast Period?
The market size of long term evolution (LTE) and 5G broadcast has seen a swift expansion in the recent past. Its growth is expected to continue, rising from $0.94 billion in 2024 to $1.06 billion in 2025 with a projected compound annual growth rate (CAGR) of 13.2%. Factors such as the increasing demand for high-speed internet, the proliferation of internet of things (IoT), the heightened consumer appetite for premium content, and the increased usage of multimedia services in developing economies, have contributed to this growth observed in the historical period.
In the coming years, the market size of long term evolution (LTE) and 5G broadcast is predicted to experience swift expansion. Projected to reach $1.73 billion by 2029, with a compound annual growth rate (CAGR) of 12.9%, this growth during the forecast period is driven by increasing smartphone usage, the advantages of LTE & 5G broadcast infrastructure, and the progression of narrow-band IoT (NB-IoT) within 3gpp. Other influential trends throughout this forecast period will be rapid technology innovation, digital advancement, increased broadband speed, and strategic collaboration efforts.
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What Are the High-Growth Segments in 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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What Key Drivers Are Expected to Influence Future Long Term Evolution (LTE) And 5G Broadcast Market Growth?
The rise in smartphone usage is anticipated to drive the expansion of the LTE and 5G broadcast market in the coming years. Smartphones, which are portable electronic gadgets that blend the features of a regular mobile phone and a computer, are becoming more widespread due to internet access, digital platforms, and the capabilities of the mobile workforce. LTE enhances connectivity and reliability over 3G, and 5G furthers this improvement by employing an assortment of spectrum bands that widen coverage and enhance building penetration. These enhancements in reliability and range increase the utility of smartphones in more locations, leading to greater adoption rates, especially in rural and undeveloped areas. For example, a report by Cybercrew, a UK firm that creates and delivers cybersecurity solutions, indicated that smartphone usage among UK households was 91.43% in 2021 and predicted an increase to 93.8% by 2026. Consequently, the escalating smartphone usage is a key driver for the LTE and 5G broadcast market.
Which Companies Hold the Largest Share Across Different Long Term Evolution (LTE) And 5G Broadcast Market Segments?
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 Trends Are Expected to Dominate the Long Term Evolution (LTE) And 5G Broadcast Market in the Next 5 Years?
Leading corporations in the long-term evolution (LTE) and 5G broadcast market are innovating technological solutions such as the 5G Fixed Wireless Access (FWA) framework, to establish a solid footing in this competitive environment. The 5G Fixed Wireless Access (FWA) program offers quick internet service to homes, businesses, and other venues over the 5G wireless network. Take for example, NTT Docomo, Inc., a mobile operator from Japan, rolled out its 5G New Radio-Dual Connectivity (NR-DC) service in July 2024. This service boasts of download rates reaching 6.6 Gbps, one of the highest in Japan, realized through the merging of both Sub-6 and millimeter-wave frequency bands. The NR-DC feature enables concurrent transmission and reception over multiple frequencies by tying two 5G base stations together, thereby improving the comprehensive network performance and the user experience.
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What Are the Emerging Geographies for The Long Term Evolution (LTE) And 5G Broadcast Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Long Term Evolution (LTE) And 5G Broadcast Market?
2. What is the CAGR expected in the Long Term Evolution (LTE) And 5G Broadcast Market?
3. What Are the Key Innovations Transforming the Long Term Evolution (LTE) And 5G Broadcast Industry?
4. Which Region Is Leading the Long Term Evolution (LTE) And 5G Broadcast Market?
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