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Tech Innovations Fuel LTE and 5G Broadcast Market Size to worth $1,072 Million Growth

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Tech Innovations Fuel LTE and 5G Broadcast Market Size to worth $1,072 Million Growth

September 15
10:10 2023
Tech Innovations Fuel LTE and 5G Broadcast Market Size to worth $1,072 Million Growth
LTE and 5G Broadcast Market Size
LTE and 5G Broadcast Market Size is estimated to be worth USD 642 million in 2021 and projected to reach USD 1,072 million by 2026, at a CAGR of 10.8%.

The report LTE and 5G Broadcast Market Size by Technology (LTE and 5G), End Use (Video on Demand, Emergency Alerts, Radio, Mobile TV, Connected Cars, Stadiums, Data Feeds & Notifications), and Region – Global Forecast to 2026” The global LTE and 5G broadcast market size is expected to reach USD 1,072 million by 2026 from USD 642 million in 2021, at a CAGR of 10.8% during 2021-2026 period.

The report profiles key players such as Qualcomm (US), Samsung Electronics (South Korea), Huawei (China), Cisco (US), Ericsson (Sweden), ZTE (China), Nokia (Finland), NEC (Japan), Enensys Technologies (France) and Rohde Y& Schwarz (Germany).

• Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234319791

Browse 139 market data Tables and 63 Figures spread through 235 Pages and in-depth TOC on “LTE and 5G Broadcast Market Size with Covid-19 Impact Analysis Technology (LTE and 5G), End Use (Video on Demand, Emergency Alerts, Radio, Mobile TV, Connected Cars, Stadiums, Data Feeds & Notifications), and Region – Global Forecast to 2026”

View detailed Table of Content herehttps://www.marketsandmarkets.com/Market-Reports/lte-5g-broadcast-market-234319791.html

LTE and 5G Broadcast Market

LTE and 5G Broadcast Market Dynamics

Driver: Increasing LTE and 5G mobile subscribers with surging penetration of smartphones

According to a GSMA report, The Mobile Economy 2020, there were approximately 5.2 billion unique mobile subscribers in 2019 worldwide; this number is expected to reach 5.8 billion by 2025, at a CAGR of 1.9% between 2019 and 2025. The number of mobile internet users is expected to increase from 3.8 billion in 2019 to 5.0 billion in 2025, at a CAGR of 4.6%. Also, the adoption of smartphones is expected to grow by 15% globally between 2019 and 2025. 4G connections in 2019 accounted for approximately 52% of the world’s total connections and are likely to reach 56% of total connections by 2025, while 5G connections are expected to reach 1.8 billion by 2025. The main reason behind the increasing adoption of smartphones is the low cost of devices and the rise in income levels of consumers. The 5G network is commercially available in 61 countries, according to the data by Global Mobile Services Association (GSA); some of these include the US, China, the UK, Australia, and New Zealand.

Opportunity: Monetizing network bandwidth through new business models

LTE and 5G broadcast offer new business opportunities to mobile network operators. Once deployed, LTE and 5G broadcast can be used for multiple use cases, such as digital signage, emergency alerts, displays in stadiums, and content delivery to automobile screens. The technologies allow mobile network operators to offer new products and services directly to consumers. Mobile network operators can also utilize off-peak capacity to deliver new service offerings, such as rich media caching and managed software updates.

QUALCOMM (US) was founded in 1985 and is headquartered in California, US. The company was reincorporated in 1991 in Delaware, US. It is one of the key players in the global semiconductor industry and is involved in designing and marketing wireless telecommunication products and services. Qualcomm is a global leader in the development and commercialization of foundational technologies for the wireless industry. Its technologies and products are used in mobile devices and other wireless products such as network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices. The company operates through three reportable business segments—Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). QCT deals with the development and supply of CDMA, OFDMA, and other technology-related ICs, as well as system software for applications in networking, voice and data communication, multimedia, application processing, and GPS products. QTL engages in granting intellectual property rights and licenses. These rights are important in the manufacture and sale of wireless products, such as CDMA 2000, CDMA TDD, WCDMA, and LTE, as well as their derivatives. QSI makes strategic investments that are focused on expanding opportunities for the company’s technologies. To support the LTE and 5G broadcast service, vendors are developing advanced chipsets. The chipset ecosystem is evolving, and device manufacturers have a choice of using chipsets offering eMBMS support. Chipset vendors are coming up with LTE broadcast capable chipsets and modules, which is leading to the expansion of the device’s ecosystem. For instance, in February 2019, Qualcomm released Snapdragon 850 mobile platform.

KT (South Korea) offers telecommunications services in Korea and globally. It has 11 overseas branches, 4 overseas offices, and 10 project offices. As of 2017, the total number of users of KT services, including wired/wireless and broadband internet services, amounted to 51.86 million. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services. Additionally, the company also offers data communication services such as leased line and broadband Internet connection services.

APAC to hold largest share of LTE and 5G broadcast market size during forecast period

The APAC holds the largest share in the global LTE and 5G broadcast market size. The major factors driving market growth include the significant developments in the field of 5G technology by the countries like China, South Korea, Japan and Australia as well as the larger number mobile users with an increasing penetration of 5G. APAC is witnessing rapid migration toward next-generation devices and technologies. High inclination among consumers to adopt new technologies drives the market in this region. Moreover, the presence of telecom giants such as Huawei (China), KT (South Korea), Telstra (Australia), Reliance Jio (India), NTT Docomo (Japan), ZTE (China), and China Unicom (China) has led to the development of the telecommunication industry through constant innovations in new technologies and high R&D expenditure.

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