LTE And 5G Broadcast Market size is expected to grow from 2021 to 2027, driven by increasing 5G and LTE mobile user base, penetrating sales of smartphones, and rising popularity of on-demand content. Moreover, growing need for increased connectivity of devices due to the IoT revolution would further promote the market growth.
LTE and 5G technologies enable mobile network operators to provide new services and products directly to consumers. These also offer significant revenue generation and cost-saving opportunities to mobile network operators, as they can monetize their network assets and media. A paradigm shift toward online classes and e-learning is also slated to influence the overall market over the coming years.
LTE broadcast segment would capture a considerable LTE and 5G broadcast market share. The technology has considerably impacted the capacity required to deliver popular content online, while significantly opening up new business opportunities for the mobile operators. LTE is equipped with a 3GPP, eMBMS standardized technology which allows the operators to use a proportion of their network capacity for broadcasting data.
LTE and 5G broadcast market are poised to account for stellar growth from connected cars segment. The growth is likely to come from research and developments in the field. In 2018, Japan’s KDDI and Nokia, collaboratively announced trials of LTE connected vehicle applications. The applications included broadcasting a status alert from one car to the network and back via eMBMS to other users and cars. The other application was to enable real-time navigation and mapping information. Such initiatives will continue to grow with the technologies leading to increased industry growth for connected cars.
Asia Pacific LTE and 5G broadcast market would register substantial growth during the foreseeable time period. This can be ascribed to rising developments like investments, ongoing partnerships, and collaborations, and R&D activities among myriad companies across the markets in China, Japan, India, South Korea, and others. Besides, cross-collaboration amongst some of the prominent leaders from different section of the industry is engaging in trials and tests of 5G and LTE broadcast, creating incredible opportunities for market expansion. Various mobile operators and governments are taking up initiatives to build 5G and LTE broadcast services and networks. For instance, Samsung Electronics, had in 2021, announced powering the world’s first 3GPP-compliant LTE network in South Korea, in partnership with the leading mobile operators. Such instances will shape up the growth graph of market in the APAC region.
LTE and 5G broadcast market are highly concentrated and boasts the presence of leading players worldwide including Qualcomm Technologies, Inc. (Qualcomm), Nokia Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Samsung Electronics, Cisco Systems, Inc., AT&T Intellectual Property (AT&T), and Reliance Industries Limited, amongst others. These companies have been relentlessly working towards product innovations, collaborations and partnerships, acquisitions, and facility expansion strategies to gain a competitive edge in the market.
Market would foresee considerable gains amidst the ongoing COVID-19 crisis. This can be attributed to the rising inclination towards online platforms and shift towards e-education and learning, which has put forth impeccable demand for 5G and LTE technologies and networks. Both LTE and 5G technologies can help educators explore complicated subjects, reduce the time spent on manual processes, and take over instructional methods to individual students based on what works best. Additionally, significant rise in working from home trend during 2020, has further stimulated the market demand.
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