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Long Term Evolution (LTE) And 5G Broadcast: A Leading Driver Behind Smartphone Ubiquity Boosts LTE And 5G Broadcast Market Growth Market Expansion in 2025
Long Term Evolution LTE And 5G Broadcast Market
What Will the Long Term Evolution (LTE) And 5G Broadcast Industry Market Size Be by 2025?
In recent times, the market size for long term evolution (LTE) and 5G broadcast has been expanding at a brisk pace. Predictions for growth are significant, with a rise from $0.94 billion in 2024 to $1.06 billion in 2025, with a compound annual growth rate (CAGR) of 13.2%. The surge during the historical period can be linked to the escalating demand for high-speed internet, the expanding reach of the internet of things (IoT), increasing consumer appetites for premium content, and the growing deployment of multimedia services within emerging nations.
What's the Long-Term Growth Forecast for the Long Term Evolution (LTE) And 5G Broadcast Market Size Through 2029?
The market size for long term evolution (LTE) and 5G broadcast is projected to witness substantial growth in the forthcoming years, expanding to $1.73 billion in 2029 with a compound annual growth rate (CAGR) of 12.9%. This growth for the specified forecast period can be ascribed to the increasing usage of smartphones, advantages provided by the LTE and 5G broadcast infrastructure, and the emergence of narrow-band IoT (NB-IoT) in 3gpp. Paramount trends during the prediction period encompass swift technological breakthroughs, digital revolution, enhancements in broadband speed, and strategic partnership endeavors.
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What Are the Key Growth Drivers Fueling the Long Term Evolution (LTE) And 5G Broadcast Market Expansion?
The surge in the usage of smartphones is poised to drive the expansion of the LTE and 5G broadcast market in future. Smartphones are compact electronic gadgets that merge the features of a classic mobile phone and a computer. The rising usage of these devices is attributed to internet connectivity, digital platforms, and mobile workforce proficiency. LTE enhanced the coverage and reliability over 3G, and 5G takes it a notch higher by tapping into a range of spectrum bands that have the capacity to cover vast regions and better penetrate buildings. Increased coverage and reliability allow smartphones to function more effectively in a variety of locations, fostering higher adoption rates in underdeveloped and rural locales. For instance, a Cybercrew report reveals that UK household smartphone usage reached 91.43% in 2021 and is projected to rise to 93.8% by 2026. Thus, the growing prevalence of smartphones is fueling the growth of the LTE and 5G Broadcast market.
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What Are the Key Trends Driving Long Term Evolution (LTE) And 5G Broadcast Market Growth?
Key players in the long-term evolution (LTE) and 5G broadcast market, such as NTT Docomo, Inc., are advancing their technological capabilities to stand out in this competitive arena. One such development is the 5G Fixed Wireless Access (FWA) platform, a technology offering speedy internet access to homes, businesses, and other locales through 5G wireless networks. Notably, in July 2024, the Japan-based mobile operator launched its 5G New Radio-Dual Connectivity (NR-DC) service, featuring download speeds as high as 6.6 Gbps, one of the highest speeds available in Japan. This is made possible by incorporating the Sub-6 and millimeter-wave frequency bands. With NR-DC technology, two 5G base stations can be connected for simultaneous transmission and reception across multiple frequencies, thus enhancing the network's performance and user experience.
How Is the Long Term Evolution (LTE) And 5G Broadcast Market Segmented?
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 Companies Are Leading the Charge in Long Term Evolution (LTE) And 5G Broadcast Market Innovation?
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
Which Regions Are Leading the Global Long Term Evolution (LTE) And 5G Broadcast Market in Revenue?
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.
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