5G Technology Market - Growth Opportunities and Recent Trends by Leading Manufacturers & Region

5G Technology is a fifth-generation wireless network technology that is based on the IEEE 802.11ac standard.

5G Technology is a fifth generation wireless network technology which is based on the IEEE 802.11ac standard. The technology is in the developing phase and is expected to reach commercial market by 2020. 5G technology offers features such as, increased peak bit rate, larger data volume per unit area, low cost of infrastructure development, higher reliability of the communication and better connectivity, irrespective of the geographic region. The primary technologies included in 5G include millimeter wave bands (26, 28, 38, and 60GHz) offering high performance, as high as 20 gigabits per second (Gbps); and massive multiple input multiple output (MIMO), with 64-256 antennas, which offers ten times higher performance over 4G networks, using frequencies from 600MHz to 6 GHz, especially the 3.5-4.2 GHz frequencies. 5G technology is expected to be the most important technology for developing artificial intelligence, drones, self-driving vehicles, robots and other machines that transmit massive data in real time

The main evolution in technology as compared to 4G is the improved data speed. Also, the new 5G technology offers low latency, as low as one millisecond, which provides real-time interactivity for services using the cloud and IoT platform. Moreover, the 5G technology includes advanced LTE and Wi-Fi coupled with new technology that easily sets with machine control and augmented reality operations. The technology is designed to offer low power consumption, which will help the connected devices to operate for longer time span, in comparison to their earlier operational timings. Increasing demand for high data speeds, rising broadband services over mobile networks and achieving stable growth in the mobile data traffic are few major factors driving the growth of global 5G technology market.

The global 5G technology market is bifurcated on the basis of technology, application and region. Based on the technology, the market is segmented as Radio Access Technologies (RAT), WI-FI, High-Speed Package Access (HSPA), Global System for Mobile (GSM) and Worldwide Interoperability for Microwave Access (WIMAX). On the basis of applications, the industry is classified as healthcare, telecom and consumer electronics, retail, home automation, energy & utility, automotive, industrial automation, intelligent buildings and infrastructure and public safety & surveillance. 5G technologies is giving rise to various new applications in the field of automation, energy and utility.

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Geographically, the market is segmented based on the regions, which includes North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Furthermore, the regions are also bifurcated into major countries/regions which include the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South Africa and Brazil. North America is expected to be the largest market for 5G technology among all the regions, as major technological developments are evolving in this region. In July 2016, the Federal Communications Commission (FCC) in the U.S. begun to allocate the bandwidth in the underutilized high-band spectrum for the next generation of wireless communications. In 2017, AT&T, Intel, Nokia, Samsung and Ericsson collaborated for millimeter wave testing in an ultra-fast 5G network experience, which could deliver multi-gigabit speeds using an undeveloped band of spectrum. These 5G trial’s collaboration included video streaming, download, and conferencing experiences, enterprise customers streamed premium live TV service and speedy broadband services over a fixed wireless 5G network.

Moreover, countries such as Korea, China and Japan have also begun experiments involving the actual application of 5G across several areas. South Korea deployed 5G technology during the 2018 Winter Olympics in February and while, in the United Kingdom, Vodafone started testing a new 5G spectrum on the 3.4 GHz frequency range in April 2018.

The prominent players involved in the development of 5G technologies, includes Samsung, Intel, Qualcomm, Nokia, Huawei, Ericsson, ZTE, Ooredoo, AT&T, Alcatel-Lucent, Telefonica, Orange and Verizon Communications, among all the other players. Ooredoo, an international Telecommunication company, based in Qatar launched 5G commercial network in May 2018 and became the first company to launch 5G technology commercially globally. The players are also involved in research & development, acquisitions, expansions and collaboration for their strategic growth.

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