NEW YORK, Feb. 8, 2023 /PRNewswire/ -- The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia's war on Ukraine will play out this year and the war's role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
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Global 5G Market to Reach $1.9 Trillion by 2030
In the changed post COVID-19 business landscape, the global market for 5G estimated at US$6.1 Billion in the year 2022, is projected to reach a revised size of US$1.9 Trillion by 2030, growing at a CAGR of 105.5% over the period 2022-2030.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 99.2% CAGR
The 5G market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$272.3 Billion by the year 2030 trailing a CAGR of 99.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 95.1% and 90.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 71.6% CAGR.
Select Competitors (Total 36 Featured)
- America Movil
- China Mobile Ltd.
- China Telecommunications Corporation
- Deutsche Telekom AG
- Ericsson AB
- Huawei Technologies Co., Ltd.
- Nippon Telegraph and Telephone Corporation (NTT)
- Nokia Corporation
- Samsung Electronics Co., Ltd.
- Telefonica SA
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
5G - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for 5G by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2022 through 2030 and
% CAGR
Table 2: World 8-Year Perspective for 5G by Geographic Region -
Percentage Breakdown of Value Sales for USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets for Years
2023 & 2030
Table 3: World 5G Market Analysis of Annual Sales in US$
Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
5G Market Presence - Strong/Active/Niche/Trivial - Key
Competitors in the United States for 2023 (E)
Table 4: USA Recent Past, Current & Future Analysis for 5G by
Segment - 5G - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
CANADA
Table 5: Canada Recent Past, Current & Future Analysis for 5G
by Segment - 5G - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
JAPAN
5G Market Presence - Strong/Active/Niche/Trivial - Key
Competitors in Japan for 2023 (E)
Table 6: Japan Recent Past, Current & Future Analysis for 5G by
Segment - 5G - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
CHINA
5G Market Presence - Strong/Active/Niche/Trivial - Key
Competitors in China for 2023 (E)
Table 7: China Recent Past, Current & Future Analysis for 5G by
Segment - 5G - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
EUROPE
5G Market Presence - Strong/Active/Niche/Trivial - Key
Competitors in Europe for 2023 (E)
Table 8: Europe Recent Past, Current & Future Analysis for 5G
by Geographic Region - France, Germany, Italy, UK and Rest of
Europe Markets - Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 9: Europe 8-Year Perspective for 5G by Geographic Region -
Percentage Breakdown of Value Sales for France, Germany,
Italy, UK and Rest of Europe Markets for Years 2023 & 2030
FRANCE
5G Market Presence - Strong/Active/Niche/Trivial - Key
Competitors in France for 2023 (E)
Table 10: France Recent Past, Current & Future Analysis for 5G
by Segment - 5G - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
GERMANY
5G Market Presence - Strong/Active/Niche/Trivial - Key
Competitors in Germany for 2023 (E)
Table 11: Germany Recent Past, Current & Future Analysis for 5G
by Segment - 5G - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
ITALY
Table 12: Italy Recent Past, Current & Future Analysis for 5G
by Segment - 5G - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
UNITED KINGDOM
5G Market Presence - Strong/Active/Niche/Trivial - Key
Competitors in the United Kingdom for 2023 (E)
Table 13: UK Recent Past, Current & Future Analysis for 5G by
Segment - 5G - Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
REST OF EUROPE
Table 14: Rest of Europe Recent Past, Current & Future Analysis
for 5G by Segment - 5G - Independent Analysis of Annual Sales
in US$ Million for the Years 2022 through 2030 and % CAGR
ASIA-PACIFIC
5G Market Presence - Strong/Active/Niche/Trivial - Key
Competitors in Asia-Pacific for 2023 (E)
Table 15: Asia-Pacific Recent Past, Current & Future Analysis
for 5G by Segment - 5G - Independent Analysis of Annual Sales
in US$ Million for the Years 2022 through 2030 and % CAGR
REST OF WORLD
Table 16: Rest of World Recent Past, Current & Future Analysis
for 5G by Segment - 5G - Independent Analysis of Annual Sales
in US$ Million for the Years 2022 through 2030 and % CAGR
IV. COMPETITION
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