The 2023 report on the “LTE and 5G Broadcast Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global LTE and 5G Broadcast Market is valued approximately USD $ Million in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. The long-term evolution (LTE) is a standard for wireless broadband communication for data terminals and mobile devices, which is mainly based on the UMTS/HSPA and GSM/EDGE standards. 5G or Fifth Generation of the wireless standard allows the linkage of devices such as connect car, home, office and communicate.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The growing penetration of smartphones, increasing requirements for massive connectivity of devices due to the evolution of IoT, coupled with the increasing inclination towards on-demand content and seamless mobile data services are the chief factors that are soaring the market demand across the globe. For instance, according to Statista, the total number of smartphone subscriptions around the world was accounted for 6,259 million in 2021, and the amount is expected to grow and reach above 7,690 subscriptions by 2027. Accordingly, the rising number of smartphone subscriptions are propelling the demand for LTE and 5G broadcast, thus, in turn, augments the market growth in the impending years.
However, the shortage of compatible 5G broadcast and reception devices and lack of skilled workforce impede the growth of the market over the forecast period of 2022-2028. Also, the growing need for reliable and high-quality public safety communication systems and increasing requirements for minimizing network capacity congestion is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global LTE and 5G Broadcast Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the increasing investments in R&D activities, the emergence of novel technologies, and the growing presence of the chief market players. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the rapid economic growth, growing proliferation of the internet, as well as increasing demand for in-car connectivity, would create lucrative growth prospects for the LTE and 5G Broadcast Market across the Asia-Pacific region.
Major market players included in this report are:
Qualcomm Corporation
Samsung Electronics Co., Ltd.
Huawei Technologies Co., Ltd.
Cisco
Ericsson
ZTE Corporation
Nokia Corporation
NEC Corporation
Enensys Technologies
Rohde Y& Schwarz GmbH & Co KG
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology
LTE
5G
By End-Use
Video on Demand
Fixed LTE Quadruple Play
e-Newspapers and e-Magazines
Last Mile CDN
Emergency Alerts
Radio
Mobile TV
Connected Cars
Stadiums
Data Feeds & Notifications
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Which elements of this study are relevant to market analysis?
- The research offers a thorough analysis of market trends, along with details on regional usage and consumption.
- The growth rates of each area, including their respective nations, are included in market reports for the upcoming years.
- How are the major market players rated?
- A thorough study of the market’s top rivals is provided in this report.
- The study contains details about the major market vendors.
- Each company’s profile, revenue sources, and items produced are all covered in detail in the study.
- Along with the opinions of the top market participants, the study includes data and information about rival companies.
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