Global 5G Market to Reach $1.9 Trillion by 2030

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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