5G Technology Market Overview and Future Outlook, 2016 to 2024

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5G Technology Market Share, Size, Analysis,
Regional Outlook, Growth, Trends and Forecasts to
2024 Hexa Research
The global 5G technology market is estimated to
exhibit substantial growth from 2016 to 2024
(forecast period)
The global 5G Technology Market is expected to
witness significant growth over from 2016 to 2024
(forecast period). Rising worldwide adoption of
internet-enabled devices will drive the industry.
Mobile service providers believe that 5G services
will be rolled out by 2020 to meet customer and
business demands.
Surging demand for extensive network coverage and
high-speed internet from various industry
applications will propel market growth. These
include autonomous driving, distant learning,
video conferencing multi- user gaming,
telemedicine, and opera live streaming. 5G
technology will improve mobile network performance
capabilities to a marked extent. It can also
play a key role in establishing
foundational infrastructure.
Furthermore, increasing mobile broadband adoption
and machine-to-machine communication in
companies will fuel industry growth. High rates
of data transfer along with low power consumption
will also exhibit a positive impact.
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Popularity of high-speed internet for enhanced
real-time response will propel the global 5G
technology industry in the years to come.
However, the dependence of this technology on
other technologies, such as millimeter wave
propagation and IPv6 transmission protocol could
restrict market performance.
The global industry is categorized on the basis
of technologies, applications, and regions. The
technology segment comprises Radio Access
Technologies (RAT), Wi-Fi, High-Speed Package
Access (HSPA), Global System for Mobile (GSM),
and Worldwide Interoperability for Microwave
Access (WiMAX). Applications include healthcare,
government utilities, retail, individual users,
offices, and defense military. Owing to high
investments in research development, the
application segment is led by government
utilities.
Geographically, the global 5G technology market
is divided into Europe, North America, Asia
Pacific, and Rest of the World. The U.S. market
is estimated to grow robustly during the forecast
period. This is because of increasing
subscriptions in the region. The Asia-Pacific
market too will register significant growth.
Various countries such as China, Korea, and India
will invest huge sums to support ongoing
developments and initiatives in 5G technology.
The government of United Kingdom is expected to
launch its 5G strategy by 2017. In its recent
budget, the government focused on the
significance of mobile spectrum and prepared the
nation to receive the new technology.
The growing need for faster internet in China
will stimulate the 5G market in this region. Even
the Indian government has spent USD 5.5 million
over the last couple of years on 5G technology.
This investment was primarily directed towards
advanced research and development. Most companies
operating in this market strive to introduce
novel technologies to gain competitive advantage.
Also, countries, such as Japan, are planning to
exhibit their innovations during the 2018 winter
Olympics and 2020 summer Olympics.
Key players in the 5G technology market are
Verizon Communications Inc. (U. S.) Nokia
Networks (Finland) Samsung Group (South Korea)
ATT Inc. (U. S.) The Fraunhofer Society
(Fraunhofer-Gesellschaft) NTT DoCoMo Inc.
Qualcomm Inc. (U. S.) Alcatel-Lucent S. A.
Huawei Technologies Co. Ltd. (China) and
Telefónica S. A. In 2014, Ericsson signed a deal
with SK Telecom Co. Ltd. for 5G technology
research and development. With a view towards
ensuring a strong standardized network, various
public bodies such as the Institute of Electrical
and Electronics Engineers, the ITU, 3GPP, and a
few universities have been adding value to the 5G
technology industry.
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Table of Content of 5G Technology Market
1. Methodology Scope 1.1 Research
Methodology 1.2 Research Scope Assumptions 1.3
List of Data Sources
2. Executive Summary
2.1 Industry Summary of 5G Technology Market
3. Industry Outlook
3.1 5G Technology Market Segmentation 3.2 5G
Technology Market Size and Growth Prospects 3.3
5G Technology Market Dynamics 3.4 Key
Opportunities Prioritized 3.5 Industry Analysis -
Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 5G Technology Market share by application,
2016 2024
5. Regional Outlook 5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa) 5.6 RoW (Rest of
the World)
6. Competitive Landscape 6.1 Verizon
Communications Inc. 6.1.1 Company Overview 6.1.2
Revenue Analysis
6.1.3 Product Benchmarking 6.1.4 Strategic
Initiatives
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6.2 Nokia Networks
6.2.1 Company Overview 6.2.2 Revenue
Analysis 6.2.3 Product Benchmarking 6.2.4
Strategic Initiatives 6.3 Samsung Group
6.3.1 Company Overview 6.3.2 Revenue
Analysis 6.3.3 Product Benchmarking 6.3.4
Strategic Initiatives 6.4 ATT Inc.
6.4.1 Company Overview 6.4.2 Revenue
Analysis 6.4.3 Product Benchmarking 6.4.4
Strategic Initiatives 6.5 The Fraunhofer
Society 6.5.1 Company Overview 6.5.2 Revenue
Analysis 6.5.3 Product Benchmarking 6.5.4
Strategic Initiatives 6.6 NTT DoCoMo Inc.
6.6.1 Company Overview 6.6.2 Revenue
Analysis 6.6.3 Product Benchmarking 6.6.4
Strategic Initiatives 6.7 Qualcomm Inc.
6.7.1 Company Overview 6.7.2 Revenue
Analysis 6.7.3 Product Benchmarking 6.7.4
Strategic Initiatives 6.8 Alcatel-Lucent S.
A. 6.8.1 Company Overview 6.8.2 Revenue
Analysis 6.8.3 Product Benchmarking 6.8.4
Strategic Initiatives 6.9 Huawei Technologies Co.
Ltd.
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6.9.1 Company Overview 6.9.2 Revenue Analysis
6.9.3 Product Benchmarking 6.9.4 Strategic
Initiatives 6.10 Telefónica S. A.
6.10.1 Company Overview 6.10.2 Revenue
Analysis 6.10.3 Product Benchmarking 6.10.4
Strategic Initiatives
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