The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Expansion and Trends

• Current Market Size: The LTE and 5G broadcast market has seen substantial growth, increasing from $0.83 billion in 2023 to $0.94 billion in 2024, with a CAGR of 12.7%.
• Historic Growth Drivers:
  • Growing need for fast internet connectivity.
  • Expansion of the Internet of Things (IoT).
  • Rising consumer demand for premium content.
  • Increased application of multimedia services in emerging economies.

Future Growth Projections

• Expected Market Size: The market is projected to reach $1.53 billion by 2028, growing at a CAGR of 12.9%.
• Future Growth Drivers:
  • Surging penetration of smartphones.
  • Benefits of LTE and 5G broadcast infrastructure.
  • Development of Narrow-Band IoT (NB-IoT) in 3GPP.
• Major Trends:
  • Rapid technological advancements.
  • Digital innovation.
  • Advancements in broadband speed.
  • Strategic collaboration initiatives.

Read The Full Long Term Evolution (LTE) And 5G Broadcast Market Report Here:
https://www.thebusinessresearchcompany.com/report/long-term-evolution-lte-and-5g-broadcast-global-market-report

Smartphone Ubiquity Boosts Market Growth

• Impact of Smartphones: The increasing penetration of smartphones is expected to propel the growth of the LTE and 5G broadcast market.
  • Smartphone Penetration: Enhanced by internet connectivity, digital platforms, and mobile workforce capabilities.
  • LTE and 5G Improvements: LTE offers better coverage and reliability over 3G, while 5G further enhances these benefits with a mix of spectrum bands.
  • Rural and Underdeveloped Regions: Improved reliability and coverage encourage higher smartphone adoption rates in these areas.
  • UK Example: According to Cybercrew, UK households using smartphones increased to 91.43% in 2021 and is projected to reach 93.8% by 2026.

Key Players in the Market

• Major Companies:
  • Samsung Electronics Co. Ltd.
  • Verizon Wireless
  • AT&T Inc.
  • China Mobile Ltd.
  • Huawei Technologies Co. Ltd.
  • China Telecom Corporation Limited
  • Intel Corporation
  • T-Mobile USA Inc.
  • China United Network Communications Limited
  • Cisco Systems Inc.
  • Qualcomm Incorporated
  • America Movil S.A.B. de C.V.
  • NTT Docomo Inc.
  • NEC Corporation
  • Telstra Corporation Limited
  • SK Telecom Co. Ltd.
  • Keysight Technologies Inc.
  • Rohde & Schwarz GmbH & Co. KG
  • Reliance Limited
  • Sierra Wireless
  • Spinner GmbH
  • Enensys Technologies SA
  • Athonet srl
  • EXPWAY

Innovations in 5G Fixed Wireless Access

• Technological Solutions: Companies are developing innovative solutions such as the 5G Fixed Wireless Access (FWA) platform to gain a competitive edge.
  • 5G FWA Platform: Provides fast internet access to homes and businesses using 5G wireless networks.
  • Qualcomm Example: In February 2021, Qualcomm introduced the new Qualcomm 5G FWA platform driven by the Snapdragon X65 5G Modem-RF System, offering up to 10 Gigabit 5G peak speeds.

HPE’s Acquisition of Athonet

• Strategic Acquisition: In June 2023, Hewlett Packard Enterprise acquired Athonet for $1.3 billion.
  • Purpose: Strengthen HPE’s role in wireless connectivity, helping telecom companies find new income sources and aiding businesses in speeding up private cellular installations.
  • Athonet’s Role: An Italy-based telecommunications company specializing in 5G and LTE mobile platforms for private networks.

Market Segmentation

• By Device Type:
  • Wireless and Mobile Devices
  • Wired Devices
• By Technology:
  • Long-Term Evolution (LTE) Broadcast
  • 5G Broadcast
• By End Users:
  • Video-On-Demand
  • Mobile TV
  • Connected Cars
  • Emergency Alerts
  • Stadiums
  • E-Newspapers and E-Magazines
  • Radio Data Feed and Notifications
  • Other End Users

Regional Insights

• North America: Largest region in the LTE and 5G broadcast market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region during the forecast period.

The LTE and 5G broadcast market is on a trajectory of rapid growth, driven by technological advancements, increasing smartphone penetration, and the demand for fast, reliable internet connectivity. As companies continue to innovate and expand their offerings, the market will continue to thrive, enhancing communication and connectivity worldwide

Get A Free Sample On The Global Long Term Evolution (LTE) And 5G Broadcast Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=15212&type=smp

The Long Term Evolution (LTE) And 5G Broadcast Global Market Report 2024  provides an overview of the long term evolution (LTE) and 5G broadcast market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The long term evolution (LTE) and 5G broadcast market forecast analyzes long term evolution (LTE) and 5G broadcast market size, long term evolution (LTE) and 5G broadcast market share, leading competitor and their market positions.

Explore Similar Reports From The Business Research Company:

5G Fixed Wireless Access Global Market Report 2024

Broadcast Communications Equipment Global Market Report 2024

Long Term Evolution (LTE) Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: