5G to bring $1.4 trillion opportunity

The 5G technology is applicable in critical applications. 5G technology will offer ultra-high speeds network coverage and enable numerous new applications with the help of IoT. Increase in use of tablets and smartphones, growth in demand for network capacity to access connected services, and rise in demand for managing network capabilities to provide strong connectivity solutions for smart applications drive the 5G equipment market.

Analysts reported that the 5G CPE device market alone will reach $177 billion by 2028 and the total number of 5G devices shipped will reach 1.8 billion by 2028. Integration of 5G technologies with IoT systems will be a key 5G device market driver.

A prediction reveals that the combined economic impact of 5G will be more than $1.4 trillion by 2030. The top impacted countries will be the United States, China, Japan, Germany, and the UK.

The US alone will be $525 billion with China representing the second most impacted country at $220 billion. Japan, Germany, and the UK will share $76 billion, $65 billion, and $54 billion respectively. Much of this impact will be directly or indirectly related to the success of the 5G device market.

5G will support many different form factors including handhelds, hotspots, indoor and outdoor customer premises, IoT modules, USM terminals, dongles and adapters, home appliances, and others.

This 5G device market report is broadly segmented by 5G mobility (non-CPE) and 5G CPE devices. It is also segmented by frequency range including low-band, mid-band, and milli-meter wave frequencies.

Dr. Deepak Kumar Sahu, President & CEO, VARINDIA