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The global LTE & 5G Broadcast Market size is expected to register an steady CAGR of 12.3% from 2020 to 2027; and is expected to reach USD 1,058 million by 2027. The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the dominating region in terms of the adoption of LTE & 5G broadcast technology owing to the heavy investments across the end-use applications including Video on Demand, Mobile TV, Stadiums, Radio, Emergency Alerts, and so on. For instance, ENENSYS Technologies (France) has partnered with Edge Networks to provide innovative hybrid over-the-air NEXTGEN TV services in the region. North American market has been segmented into the US, Canada, and Mexico. The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period.
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The US market is expected to report the highest market share, owing to the leading market position in terms of 5G broadcast networks deployed for various end-uses especially data feeds & notifications, connected cars, mobile TV, emergency alerts, stadiums, radio, among others. Additionally, the North American market for LTE & 5G broadcast is expected to grow further due to presence of key players in the region such as Qualcomm Technologies, Inc. (US), Cisco Systems, Inc. (US), AT&T (US), Intel Corporation (US), and Rohde & Schwarz (US). These players are competing to deliver with advanced LTE & 5G broadcast solutions that are future ready, capable of connecting millions of devices, enhanced network coverage, bring new revenue streams for operators, among others.
For the purpose of analysis, the European market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest region globally to adopt LTE and 5G broadcast technology that strictly comply with the European broadcast regulations. The UK is projected to be the leading country-level market owing to higher adoption from various end-use applications including video on-demand, mobile TV, stadiums, emergency alerts, radio, among others.
The 5G infrastructure market in Asia-Pacific region is projected to grow at the fastest rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This growth is attributed to the rapid economic developments, expanding telecom industry, allocation of dedicated spectrums for 5G broadcasting, rise in use of smartphones, rapid development across OTT platforms, rise in demand for in-car connectivity, and digital innovation in major countries including China, Japan, India, Singapore, Malaysia, Australia, among others.
The market in the Middle East & Africa and South America is expected to register steady growth during the forecast period. The demand is contributed by the industrialization, mission-critical communications and digital transformation across the industry is expected to continue adoption of LTE and 5G broadcast over the forecast period.
According to MRFR analysis, Qualcomm Technologies, Inc. (US), SAMSUNG (South Korea), Cisco Systems, Inc. (US), Huawei Technologies Co., Ltd. (China), ZTE Corporation (China), Telefonaktiebolaget LM Ericsson (Sweden), Nokia (Finland), NEC Corporation (Japan), ENENSYS Technologies (France), Athonet srl (Italy), AT&T (US), Intel Corporation (US), SPINNER GmbH (Germany), Sierra Wireless (Canada), and Rohde & Schwarz (US). The key strategies adopted by most of the players are partnerships, agreements, product developments, and collaborations.
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