5G Service Market Report: Trends, Forecast and Competitive Analysis to 2030

5G Service Trends and Forecast

The future of the global 5G service market looks promising with opportunities in the it and telecom, media and entertainment, automotive, energy and utility, aerospace and defense markets. The global 5G service market is expected to reach an estimated $449.8 billion by 2030 with a CAGR of 31.7% from 2024 to 2030. The major drivers for this market are strong adoption of 5G services, communications, and infrastructure development to provide superior customer support, rising data traffic and the need for high-speed connectivity, and move toward intelligent transportation systems-integrated smart cities.

A more than 150-page report is developed to help in your business decisions.

5G Service by Segment

The study includes a forecast for the global 5G service by communication type, end use industry, and region.

5G Service Market by Communication Type [Shipment Analysis by Value from 2018 to 2030]:

• Fixed Wireless Access (FWA)
• Enhanced Mobile Broadband (eMBB)
• Ultra-Reliable And Low Latency Communications (uRLLC)
• Massive Machine-Type Communications (mMTC)

5G Service Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• IT and Telecom
• Media and Entertainment
• Automotive
• Energy and Utility
• Aerospace and Defense
• Others

5G Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of 5G Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G service companies profiled in this report include-

• AT&T
• Bharti Airtel
• BT Group
• China Mobile Limited
• Deutsche Telekom
• Saudi Telecom Company
• SK Telecom
• T-Mobile USA
• Verizon Communications
• Vodafone Group

5G Service Market Insights

Lucintel forecasts that enhanced mobile broadband (embb) is expected to witness the highest growth over the forecast period due to enormous need for faster internet connections in applications like cloud-based gaming, ar/vr, uhd video, and uninterrupted video calls, as well as, capacity of 5G networks to provide unmatched data throughput, drastically lower latency, and increased speed.

APAC is expected to witness highest growth over the forecast period because of growing need for the services as a result of the rapid infrastructure construction occurring in nations like china, india, japan, and others in an effort to improve connectivity, along with the steady supply of 5G-enabled devices owing to the large internet user population and growing demand for handsets with faster internet speeds in the region.

Features of the Global 5G Service Market

Market Size Estimates: 5G service market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: 5G service market size by communication type, end use industry, and region in terms of value ($B).

Regional Analysis: 5G service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different communication type, end use industry, and regions for the 5G service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G service market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the 5G service market size?

Answer: The global 5G service market is expected to reach an estimated $449.8 billion by 2030.

Q2. What is the growth forecast for 5G service market?

Answer: The global 5G service market is expected to grow with a CAGR of 31.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the 5G service market?

Answer: The major drivers for this market are strong adoption of 5G services, communications, and infrastructure development to provide superior customer support, rising data traffic and the need for high-speed connectivity, and move toward intelligent transportation systems-integrated smart cities.

Q4. What are the major segments for 5G service market?

Answer: The future of the global 5G service market looks promising with opportunities in the it and telecom, media and entertainment, automotive, energy and utility, aerospace and defense markets.

Q5. Who are the key 5G service market companies?

Answer: Some of the key 5G service companies are as follows.

• AT&T
• Bharti Airtel
• BT Group
• China Mobile Limited
• Deutsche Telekom
• Saudi Telecom Company
• SK Telecom
• T-Mobile USA
• Verizon Communications
• Vodafone Group

Q6. Which 5G service market segment will be the largest in future?

Answer: Lucintel forecasts that enhanced mobile broadband (embb) is expected to witness the highest growth over the forecast period due to enormous need for faster internet connections in applications like cloud-based gaming, ar/vr, uhd video, and uninterrupted video calls, as well as, capacity of 5G networks to provide unmatched data throughput, drastically lower latency, and increased speed.

Q7. In 5G service market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period because of growing need for the services as a result of the rapid infrastructure construction occurring in nations like china, india, japan, and others in an effort to improve connectivity, along with the steady supply of 5G-enabled devices owing to the large internet user population and growing demand for handsets with faster internet speeds in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the 5G service market by communication type (fixed wireless access (fwa), enhanced mobile broadband (embb), ultra-reliable and low latency communications (urllc), and massive machine-type communications (mmtc)), end use industry (it and telecom, media and entertainment, automotive, energy and utility, aerospace and defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?