LTE and 5G Broadcast Market Forecasts to 2028 - Global Analysis By Technology, End User, and By Geography

According to Stratistics MRC, the Global LTE and 5G Broadcast Market is accounted for $18.10 billion in 2022 and is expected to reach $47.91 billion by 2028 growing at a CAGR of 17.61% during the forecast period. LTE and 5G are wireless data transmission protocols that provide high speed and stable connectivity. It improves spectrum effectiveness, reduces latency among other benefits and provides more capacity. Multi-user transmission of high-quality content is possible with LTE and 5G broadcast. LTE broadcast is a 4G channel technology which offers end-users with single-stream data access while also allowing service operators to meet exponential demand from customers in certain areas. Governments in developing nations are focusing on digitization and technical development to enable unprecedented connectivity of public services, which is a major driver of the LTE and 5G broadcast markets. Increased mobile connectivity, increased demand for high-quality video content, and increased popularity of OTT platforms are all expected to drive the market.

According to the provider, the new module uses ultra-high speed, ultra-low latency, and hyper-connection technologies to combine memory and communication operations, as well as radio frequency circuits and GPS.

Market Dynamics:

Driver:

Expanding LTE and 5G mobile phone customers as smartphone penetration

Despite decreasing economic growth and geopolitical unpredictability, service providers continue to implement 5G, with 228 commercial 5G services currently available internationally. Deployment of 5G standalone (SA) networks continues, with approximately 35 service providers deploying or launching 5G SA in public networks. The most frequent 5G consumer services are improved mobile broadband (eMBB), Fixed Wireless Access (FWA), gaming, and some AR/VR-based services. 5G wireless technology is intended to provide more users with better multi-Gbps peak data rates, ultra low latency, increased dependability, huge network capacity, improved reliability, and a more uniform user experience. Higher performance and efficiency enable new user experiences and link new industries thus propelling the market.

Restraint:

Resistance to move away from legacy infrastructure

Legacy telecom environments are viewed as a significant impediment in expanding corporate telecom expenditure on LTE and 5G broadcast. Many telecommunications companies continue to uphold and manage legacy systems that are overly complicated and inefficient for business requirements. Because of outdated systems, telecom operators frequently face a variety of issues, including substantial expenses for maintenance, unsupported hardware and software, a skills scarcity, and a lack of compatibility across platforms such as servers, hypervisors, and cloud. To support legacy services, new corporate equipment as well as solutions must be significantly customised. There is always the possibility of an imperfect conversion. This conversion comes at a significant upgrade cost. Operators are thus hesitant to migrate old services to new systems when establishing technologies to support new services which hinder the growth of the market.

Opportunity:

Innovative approaches for commercializing network bandwidth

LTE and 5G broadcast provide mobile network operators with new revenue prospects. Once installed, LTE and 5G broadcast can be utilised for a variety of applications, including digital signage, emergency alerts, stadium displays, and content delivery to automotive screens. The technologies enable mobile network providers to offer new products and services to users directly. Off-peak capacity can also be used by mobile network operators to supply new service offerings such as rich media caching and controlled software updates. Mobile network operators can generate big revenue and save money by using LTE and 5G broadcast. Operators can utilize and monetize their media and network assets, as well as negotiate new services with content and media partners. Furthermore, the technologies enable mobile network providers to charge premium rates thereby providing wide range of opportunities in the growth of the market.

Threat:

Refusal to move away from legacy infrastructure

Legacy telecom environments are viewed as a significant impediment to new commercial telecom spending on LTE and 5G broadcast. Many telecommunications companies continue to maintain and operate legacy systems that are overly complex and inefficient for business requirements. Because of outdated systems, telecom operators frequently face a variety of issues, including high maintenance costs, unsupported hardware and software, a skills scarcity, and a lack of compatibility across platforms such as servers, hypervisors, and cloud. To support legacy services, new commercial hardware and solutions must be significantly customised. This conversion comes at a significant upgrade cost thereby hampering the growth of the market.

COVID-19 Impact:

COVID-19 has caused a worldwide health disaster and multiple deaths. North America was one of the worst-affected regions in the globe, with the United States bearing the brunt of the consequences of the pandemic. It posed continued issues for the region's healthcare system, which was not built to handle such a catastrophe. The unexpected increase of infections resulted in lockdowns, quarantines, border closures, and the cessation of economic activity throughout the region. This caused interruptions in the supply chain, affecting the delivery of raw materials to various countries. The region has experienced multiple disruptions as a result of various governments' lockdowns, quarantine measures, border closures, and so on. Mobile revenue in the region has decreased.

The LTE Broadcast segment is expected to be the largest during the forecast period

The LTE Broadcast segment is estimated to have a lucrative growth; due to the transmission is changing the types of services that mobile clients receive, as well as their quality and delivery methods. The technique enables mobile operators to broadcast popular video or data using a portion of their network capacity. Instead of unicasting distribution, LTE broadcast offers several consumers within a single cell with the same video, TV, or other data services. LTE broadcast has considerably reduced the capacity required to stream popular content, and the technology is providing mobile operators with new commercial prospects. Users anticipate low latency while watching films and TV material on mobile devices, which is driving up requirement for LTE and 5G broadcast solutions.

The Radio segment is expected to have the highest CAGR during the forecast period

The Radio segment is anticipated to witness the fastest CAGR growth during the forecast period, due to technologies that allows linear TV and radio to be broadcast to compatible 3GPP-based devices such as smartphone, tablets, home gateways, and connected cars. 5G NR is intended to provide fibre-equivalent bandwidth transmissions required for demanding applications such as streaming video, as well as low-bandwidth transmissions utilised in enormous scale machine-to-machine communications. 5G NR will also offer extremely low latency transmissions, which is vital in vehicle-to-vehicle and vehicle-to-infrastructure communications. 5G NR leverages a slew of new engineering techniques to carry more data across the core network more quickly and to revolutionise the discrete operations of the air interface, which is the client device's contact with network provider radio hardware thereby encouraging in the market growth.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to growing advancements such as R&D activities, investments, and ongoing partnerships among various organisations throughout the market in Japan, China, South Korea, India, and Australia are driving the market. Cross-collaboration among some of the industry's most notable firms engaged in field tests and trials of the LTE and 5G broadcast networks across the area is projected to offer chances for the market throughout the Asia Pacific region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the market leader in the worldwide LTE and 5G Broadcast owing to investment by key regional players and rapid technology adoption in the region's numerous end-user sectors. The United States' goal to dominate the market by streamlining 5G rollout, removing regulatory barriers, improving supply chain trust, and accelerating spectrum repurposing is expected to account for the region holding a significant share of the worldwide market over the projection period. The Canadian market is also expected to grow significantly due to increased demand for broadband connectivity as a result of the country's smart city projects.

Key players in the market

Some of the key players profiled in the LTE and 5G Broadcast Market include: Qualcomm, Huawei, Samsung Electronics, Cisco, Enensys Technologies, Rohde Y& Schwarz, ZTE, Ericsson, Nokia, NEC, Verizon Wireless, KT Corporation, AT&T Inc., Reliance Jio Infocomm Limited, SK Telecom Co. Ltd., KDDI Corporation and Telstra Corporation

Key Developments:

In March 2023, LEAPMOTOR and Qualcomm Further Deepen Technology Collaborations to Create Premium In-vehicle Experiences Based on Next Generation Snapdragon Cockpit Platform.

In March 2023, Arrow Electronics and Qualcomm Collaborate to Accelerate Edge and AI Adoption, the companies' expertise in compute and AI helps customers develop superior Edge and AI solutions.

In Aug 2019, Huawei Launches New Distributed Operating System, HarmonyOS, distributed operating system designed to deliver a cohesive user experience across all devices and scenarios.

In Aug 2019, Huawei Launches EMUI10 to Enable Smart Life in All Scenarios, Huawei Launches EMUI10 to Enable Smart Life in All Scenarios.

Technologies Covered:

• 5G Broadcast
• LTE Broadcast

End Users Covered:

• Video On Demand
• Fixed LTE Quadruple Play
• e-Newspapers & e-Magazines
• Emergency Alerts
• Mobile TV
• Stadiums
• Connected Cars
• Radio
• Data Feeds & Notifications
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances