In a recent published report, Kenneth Research has updated the 5G Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 5G Market products.
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According to the statistics by the Bureau of Economic Analysis (BEA) of the U.S. Dept. of Commerce, the gross output registered from the data processing, internet publishing and other information services industry grew from USD 162.5 Billions in 2010 to USD 530.4 Billion in 2020.
The telecom industry is at a nascent stage in 5G technology development. This disruptive technology holds a promising economic value that can lead to a ‘hyper-connected’ society, where mobile will play a significant role in people’s lives. Since 2012, many government initiatives, along with investments from telecom companies, have shaped the development of 5G. Factors such as rising demand in mobile broadband, the growing use of smartphones, and smart wearable devices, clubbed with surging demand of mobile video adoption, are expected to drive the 5G market during the forecast period.
Currently, every government is enthusiastic about getting ahead of the curve in the 5G space. The governments of Japan, South Korea, the U.S., and China have also been particularly active in pushing the rollout of 5G technology by the end of 2019. The global 5G market is expected to reach $277 billion by 2025 at a CAGR of 111% during 2019-2025. Based on the types of connection, the market can be categorized as SIM cellular connections and M2M SIM cellular connections.
SIM cellular connections segment insights
By 2025, the number of 4G SIM cellular connections will dominate by accounting for 57% of the total connections, but 5G SIM cellular connection will have the highest growth rate of 146% during the forecast period. Government policies and projects, such as China’s National 863 Program, China’s 13th Five-Year Plan, Projeto 5G Brasil, Advanced Wireless Research Initiative, and ENCQOR have supported the R&D requirements and are striving for 5G commercialization by 2019. By 2025, North America is expected to dominate the market by generating 45% of the total 5G SIM cellular revenue followed by Europe and Asia-Pacific.
SIM M2M cellular connections segment insights
The 5G network will support promising technological innovations, including the Internet of Things (IoT), outdoor autonomous robots for the agriculture industry, Intelligent Transport Systems (ITS), smart utility grids, drones, and many more connected devices. The penetration M2M devices for industrial use will rise, and it is estimated that there will be around half a billion M2M connections in industries like retail, manufacturing, and energy by 2025. This will largely be driven by automation and artificial intelligence (AI). Thus, global 5G SIM M2M cellular connections are expected to expand at a CAGR of 231%. By 2025, Europe is expected to dominate the market by generating 35% of the total 5G SIM M2M cellular revenue followed by Asia-Pacific and North America.
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Regional segment Insights
On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America will hold the largest market share of 44% by 2025. Majority of the data consumption will happen through video usage. During 2017-2022, video traffic will grow from 82 EB/year to 731 EB/year at a CAGR of 55%. Media-based companies will develop strategies and business plans in order to generate revenue from this trend. Asia-Pacific will account for the highest number of 5G cellular subscribers by 2025. Though revenue growth in recent times has slowed, this region is expected to show positive commitment in terms of the rapid adoption of IoT in the near future.
• China Mobile
• Verizon Communications
• Nippon Telegraph and Telephone
• Sprint Corporation
• Deutsche Telekom
• América Móvil
• China Telecommunications Corporation
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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