The global LTE and 5G Broadcast market, which was estimated at about 576 (USD Million) in 2019 and is predicted to accrue earnings worth 1,064 (USD Million) by 2026, is set to record a CAGR of nearly over 10.4% during 2020-2026.
The surge in the subscribers of LTE and 5G due to the large-scale adoption of iPhones and smartphones will drive the growth of the global LTE and 5G broadcast market. Furthermore, the growing demand for high-density content including live sports events will complement the expansion of 5G and LTE globally. There is a growing requirement for connectivity to a large number of devices with the emergence of advanced technology like IoT. However, the immense popularity of OTT services including video on demand, digital radio, mobile TV, and several other plethora of live events will also widen the scope of 5G and LTE broadcast.
The humongous necessity of narrowband internet of things technology is likely to offer new growth opportunities in the global LTE And 5G broadcast market in the forthcoming years. Furthermore, the capabilities of 5G broadcast assist in seamless streaming of events on digital TV will fuel the growth of the market. A huge chunk of the population is launching gaming and YouTube channels, which in turn will significantly result in enhanced traffic congestion on online live streaming platforms including YouTube. The aforementioned factors are likely to map a profitable journey of the global LTE and 5G broadcast market in the forthcoming years.
The global LTE And 5G broadcast market can be segmented into end-user, technology, and region.
By end-user, the market can be segmented into data feed & notification, radio, newspaper & magazines, stadiums, emergency alerts, connected cars, mobile TV, video on demand, and others.
By technology, the market can be segmented into 5G and LTE broadcast. The LTE technology segment accounts for the largest share in the global LTE and 5G broadcast market due to the emergence of advanced LTE broadcast services.
Asia Pacific accounts for the largest share in the global LTE and 5G broadcast market due to the ongoing technological advancements in the field of networking and communication especially in emerging economies like China and India. The surging preference of users towards the adoption of the fastest broadband is likely to leverage the trajectory of the regional market in the forthcoming years.
North America is likely to foresee significant growth with high CAGR due to the wide adoption of LTE and 5G services among business organizations and individuals in the region.
Some of the significant players in the global LTE and 5G broadcast market are Samsung Electronics, Rohde Y& Schwarz, Enensys Technologies, Reliance Jio, NEC, Nokia, ZTE, Ericsson, Cisco, Huawei, Samsung Electronics, Qualcomm, China Unicom Group Co., Ltd., and NTT Docomo Inc. To cite, Huawei introduced an innovative 5G microwave long-reach E-band solution in November 2020 that integrates intelligent beam tracking (IBT) signal with high-power E-band.