LTE and 5G Broadcast Market is estimated to be US$ 1621.7 million by 2030 with a CAGR of 10.8% during the forecast period

Download Sample

Published Date: May 2023

LTE and 5G Broadcast Market accounted for US$ 579.4 million in 2020 and is estimated to be US$ 1621.7 million by 2030 and is anticipated to register a CAGR of 10.8%. Long-Term Evolution (LTE) is a wireless communication standard that can be found in data terminals and mobile devices such as smartphones, tablets, and Kindles. LTE enhances speed and capacity by adding a diversified radio interface and enhancing the core network. 5G broadcast is a cutting-edge wireless technology that can improve consumers' whole mobile experiences while also allows them to consume unlimited data. Enhanced Television Services (EnTV), often known as 5G broadcasting, was established to enable for the seamless delivery of digital television over existing mobile networks.

The report " Global LTE and 5G Broadcast Market, By Technology (LTE broadcast and 5G broadcast), By End-user (Mobile TV, Emergency alerts, Video on demand, Connected cars, Radio, Data feeds & notification, Stadium and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Highlights:

In February 2021, Qualcomm introduced the second-generation 5G Fixed Wireless Access Platform for households and businesses, including 10 Gigabit 5G bandwidth.
Cisco will unveil a new integrated SDN transport solution in March 2020. Cisco's new converged SDN transport solution allows PLDT (Philippines) to fully realise the benefits of 5G for a better customer experience.

Analyst View:

The LTE and 5G broadcast market is developing due to rising smartphone penetration and a growing pool of LTE mobile users, as well as increased demand for high-speed mobile device data services and ever-increasing video traffic. Furthermore, as the need to reduce network capacity congestion grows, the global market expands. 5G broadcast demand is expected to be driven by consumer demand for premium video content, such as live sports broadcasts. The rising demand for faster data rates and improved spectral efficiency are the main factors driving market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global LTE and 5G Broadcast Market, By Technology (LTE broadcast and 5G broadcast), By End-user (Mobile TV, Emergency alerts, Video on demand, Connected cars, Radio, Data feeds & notification, Stadium and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Market Insights from the report:

The Global LTE and 5G Broadcast Market accounted for US$ 579.4 million in 2020 and is estimated to be US$ 1621.7 million by 2030 and is anticipated to register a CAGR of 10.8%. The Global LTE and 5G Broadcast Market is segmented based on the technology, end-use and region.

By Technology, the Global LTE and 5G Broadcast Market is segmented into LTE broadcast and 5G broadcast.
By End-use, the Global LTE and 5G Broadcast Market is segmented into Mobile TV, Emergency alerts, Video on demand, Connected cars, Radio, Data feeds & notification, Stadium and Others.
By Region, the Global LTE and 5G Broadcast Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is expected to lead the global LTE and 5G Broadcast market.

Competitive Landscape:

The key players operating in the global LTE and 5G broadcast market includes SAMSUNG, Huawei Technologies Co., Ltd., NEC Corporation, Cisco, Intel Corporation, ZTE Corporation., Qualcomm Technologies, Inc., Telefonaktiebolaget LM Ericsson, Nokia, EXPWAY, AT&T Intellectual Property, Verizon, T-Mobile USA, INC, Keysight Technologies, Juniper Networks, Inc., Altair Semiconductor, Airspan, Athonet srl, Fortinet, Inc., Mpirical Limited, and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning.
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period.