LTE and 5G Broadcast Market Size, Share, Trends, Growth 2032

LTE and 5G Broadcast Market Insights

According to Zion Market Research, the global LTE and 5G Broadcast Market was worth USD 13.88 Billion in 2023. The market is forecast to reach USD 64.19 Billion by 2032, growing at a compound annual growth rate (CAGR) of 16.6% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the LTE and 5G Broadcast Market industry over the next decade.

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LTE and 5G Broadcast Market: Outlook

LTE is a key standard that is utilized for high-speed wireless communications through data terminals as well as smartphone equipment, telephone, tablet, and kindle devices. In addition to this, LTE provides web services based on principles of universal mobile telecom systems, global system for high speed packet access systems, mobile communications, and enhanced rates for CSM evolution. Apparently, LTE enhances speed as well as capacity of core network.

Moreover, 5G technology is in the nascent phase and is anticipated to open slew of opportunities for the players in telecom industry. Additionally, 5G network refers to new technology having the ability of providing seamless experience to smartphone & iPhone users. Onset of third generation partnership project has enhanced the services of 5G network.

LTE and 5G Broadcast Market: Growth Dynamics

Surge in the proportion of LTE & 5G subscribers owing to large-scale use of smartphones & iPhones will prompt LTE and 5G Broadcast market surge over the assessment timespan. Furthermore, escalating customer demand for high density content like live sports events will embellish the expansion of LTE and 5G broadcast market over the projected period. Necessity of connecting to large number of devices with onset of IoT technology will steer the growth of LTE and 5G broadcast industry during 2024-2032. Apparently, massive popularity of OTT services including mobile TV, digital radio, and video-on-demand along with broadcasting of plethora of live events will drive LTE and 5G Broadcast market trends.

Furthermore, humungous utility of Narrow-band Internet of Things technology is slated to provide new growth opportunities for LTE and 5G broadcast industry over forecast period. In addition to this, 5G broadcast enables seamless streaming of events on digital TV on smartphones and this will add to market profitability. A large number of persons are launching YouTube & Gaming Channels online and this has resulted in swift increase in YouTube subscribers, video traffic, and online gaming activities. This, in turn, will craft a profitable roadmap for LTE and 5G Broadcast Market in the foreseeable future. Moreover, surging requirement for reducing network traffic congestion will contribute majorly towards LTE and 5F Broadcast market size in the upcoming years.

LTE and 5G Broadcast Market: Report Scope

Asia Pacific To Contribute Largest Market Share Over 2024-2032

The regional market growth over the forecast period is due to massive technological breakthroughs in telecom sector along with countries like India and China investing large amount of funds for developing 5G network. Prominently, firms like Reliance Telecom in India are likely to launch 5G services in second half of 2021. Additionally, Huawei Technologies in China rolled out world’s largest 5G network in first quarter of 2021. All these aforementioned aspects will steer the growth of LTE and 5G Broadcast industry in Asia Pacific over estimated timeline. Growing preference among end-users towards adoption of advanced technologies will carve an elevated growth trajectory for LTE and 5G Broadcast industry in Asia Pacific over the anticipated timeframe.

Key participants profiled in the study include

• Qualcomm Corporation
• Cisco Systems
• Nokia
• Huawei Technologies
• Enensys Technologies
• Telstra Corporation Limited
• Ericsson
• Reliance Jio
• Samsung Electronics
• ZTE Corporation
• China Unicom Group Co., Ltd.
• NTT Docomo Inc.

The global LTE and 5G Broadcast Market is segmented as follows:

By End Use

• Video on Demand
• Emergency Alerts
• Radio
• Mobile TV
• Connected Cars
• Stadiums
• Data Feeds & Notifications

By Technology

• LTE
• 5G

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa