Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Next Generation Wireless Communication Market size was estimated at USD 36.3 billion in 2024 and is projected to attain USD 261.8 billion in 2037 surging at a CAGR of 17.9% during the forecast period i.e. 2025 to 2037. In 2025, the industry size of next generation wireless communication is assessed at USD 42.8 billion.
The next generation wireless communication market is growing remarkably driven by organizations investing in advanced technologies through the necessary infrastructure, improve their competitive advantage, and contribute to economic growth in broader terms through job creation and innovation. Consequently, the synergy between next generation wireless communication and infrastructural development inspires global leaders to introduce enhanced communication systems, driving sustained growth. For instance, in June 2024, Ericsson and JT opened a next generation network test center, reaching a significant milestone in innovation. Moreover, this infrastructural project consists of upgrading the mobile networks and renewing JT's core transport/transmission and radio access network (RAN), and all associated network management and operations tools.
In the next generation wireless communication market, the integration of next generation technologies such as IoT, wireless LAN, and 5G. These leading-edge communication systems provide data transfer while reducing latency to several devices being connected simultaneously. In addition, the next generation wireless communication system propels the logistics industry into the future of complete visibility, extensive automation, and predictability while also accelerating digital transformation. For instance, in August 2020, the report published by DHL Group stated that 60% of logistics professionals lack adequate supply chain visibility. Thus, as part of their visibility strategy, 75% intend to use at least one next generation wireless technology.
Next Generation Wireless Communication Sector: Growth Drivers and Challenges
Growth Drivers
- Increased focus on smart cities and automation: An enormous demand in the next generation wireless communication market for improved connectivity to support multiple interconnected devices and systems fuels the need for next-gen wireless communication. With growing populations, urban cities have adopted the route of implementing advanced wireless technologies to achieve smart infrastructures such as smart traffic management, energy-efficient buildings, and public safety systems. For instance, in September 2024, Nokia launched the industry's most modern data center automation platform built for the AI era. Nokia's Event-Driven Automation platform promises to reduce network disruptions and service downtime by driving human error in network operations to zero.
- Rising adoption of cloud services: One major driving force that may facilitate the next generation wireless communication market growth is the rising adoption of cloud services. Businesses migrating their operations toward the cloud require strong communication networks that support the smooth transfer of large volumes of data and enable real-time collaboration among distributed teams. For instance, in November 2024, Comviva announced its partnership with AWS to build a cloud-first and AI-driven strategy that promises faster time-to-market with non-linear revenue growth. Building on AWS, Comviva will provide communication service providers with next generation software products and platforms through a SaaS model.
Challenges
- Spectrum availability: The greatest challenge in the next generation wireless communication market is an increase in bandwidth demand that originates from devices being connected and the development of data-intensive applications. As more users and other devices require access to wireline networks, there is increasingly more competition for finite RF spectra, which creates congestion and interference. The complexity of regulatory hurdles and balancing the interests of various stakeholders complicates the efficient allocation and management of spectrum resources.
- Lack of consumer adoption and awareness: The obstacle to the future of the next generation wireless communication market is mainly ignorance about the benefits and capabilities of higher-end technology involved in the context of 5G. Consumers do not understand exactly how these innovations can streamline their lives with better cellular connectivity to smart home appliances and digital services. This knowledge gap may deter the readiness to upgrade the devices or shift the service plans, and it can further slow down the rate of adoption of next generation wireless technologies.
Next Generation Wireless Communication Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
17.9% |
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Base Year Market Size (2024) |
USD 36.3 billion |
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Forecast Year Market Size (2037) |
USD 261.8 billion |
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Regional Scope |
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Next Generation Wireless Communication Segmentation
Technology (Wireless LAN, 3G, 4G LTE, 5G)
In next generation wireless communication market, wireless LAN segment is expected to account for more than 35.2% revenue share by the end of 2037, throughout the forecasted period primarily due to the increasing demand for high-speed connectivity in residential, as well as healthcare sector, and enterprise environments. For instance, in October 2021, Extreme Networks, Inc., rolled out its enterprise-grade Wi-Fi 6E, a three-state network of outpatient centers, physician clinics, and hospitals in Novant Health. This is the first enterprise-grade WLAN Wi-Fi solution for customers to deliver high-speed internet connections. The continuous growth of smart devices further boosts the need for advanced wireless LAN systems, thus propelling huge growth in this segment of the market.
Application (Consumer Electronics, Telecommunication, Aerospace & Defense, Retail, Automotive, Healthcare)
The consumer electronics segment in the next generation wireless communication market is significantly growing due to the surging demand for connected devices such as smartphones, smart TVs, and wearables. Moreover, the proliferation of new advanced wireless communication standards, such as 5G, allows these devices to deliver improved performance, faster data transfer, and enhanced user experiences. For instance, in November 2024, Comcast Technology Solutions launched its new Cloud TV next generation. CTS Cloud enabled the organizations to offer a comprehensive, multi-platform, full multi-platform television experience. With entertainment, communications, and smart home applications increasingly depending on wireless connectivity, the consumer electronics sector is booming rapidly.
Our in-depth analysis of the global next generation wireless communication market includes the following segments:
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Technology |
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Application |
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Customize this ReportNext Generation Wireless Communication Industry - Regional Synopsis
North America Market Analysis
By the end of 2037, North America next generation wireless communication market is projected to dominate around 44.6% revenue share. The applications of wireless technology such as self-driving cars, drones, household appliances, and industrial machines are on the rise and hence increasing the demand for next generation wireless networks. it is also expected that advances in wireless sensor networks, informatics, and telecommunications most probably bring profitable opportunities to the participants of the market. Developed countries like the USA and Canada exist in the market, and there is always improvement in technology, as well as investment in infrastructure of communication technologies in these countries.
The U.S. is considered to be a hub of technological giants who effortlessly are transforming the landscape of wireless communication systems through their innovations and research. For instance, in March 2024, NVIDIA unveiled a new 6G research platform that gave scientists a new dimension in the creation of wireless technology. The open, adaptable, and networked NVIDIA 6G Research Cloud platform offers a set of tools to allow research into AI for radio access networks (RAN) technologies. Organizations can use the speed of development of 6G technologies that will link trillions of devices to cloud infrastructures. Thus, advancing an era of efficient and reliable communication systems.
Canada in the next generation wireless communication market is backed by the crucial support of local government through their initiatives and funding. For instance, in April 2021, the government of Canada announced an investment of USD 14 million in Redline Communications to produce next generation telecommunications products that will help industries such as the mining, utilities, and oil and gas sectors make their operations safer and more productive. This investment backed a USD 39.5-million project allowing Redline to design a 5G wireless solution called Industrial 5G, which will provide the speeds and bandwidth to enjoy the benefits of the Internet of Things.
Asia Pacific Market Statistics
Asia Pacific is likely to witness the fastest growth in the next generation wireless communication market by 2037. The increasing applications and usage of next-gen communication systems are some of the factors driving the adoption of next generation wireless networks in the region. Furthermore, businesses are also evolving with marketing strategies such as digital marketing, social media influencing, and content marketing to increase the scope of profit earnings. These initiatives provide more coverage and secured access than the existing networks, thus improving the adoption trends of next generation wireless networks.
The next generation wireless communication market in India is witnessing a drastic transformation will strategic cooperation between industries and government, bringing about a pivotal ecosystem of advancement. For instance, in October 2024, The Bharat 6G Alliance was established by the Department of Telecommunications to promote cooperation and innovation in next generation wireless technology. The Bharat 6G Alliance (B6GA) is a platform for collaboration made up of academic institutions, research centers, standards development organizations, and both public and private businesses.
China in the next generation wireless communication market has a robust ecosystem that streamlines innovations in bringing efficacy into telecommunication across various sectors. In addition, the presence of well-established techno leaders focuses on effective solutions for instance, in September 2024, Huawei developed and implemented high-integrity, richly featured cellular next generation wireless communications solutions for the railway industry, based on 4-5G technology as per the new FRMCS standard.
Companies Dominating the Next Generation Wireless Communication Landscape
- Cisco Systems
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- ZTE Corporation
- AT&T
- Huawei
- Intel Corporations
- Qualcomm
- IBM Corporations
- Netgear Inc
- Samsung Electronics Co. Ltd.
- Nokia Corporation
The companies are dominating the next generation wireless communication market by upgrading their services and leveraging proficiency into their expertise. For instance, in August 2024, LG Innotek is preparing to dominate the automotive communication component market with its innovative Digital Key solution. With the help of a smartphone that is wirelessly connected to the car, the Digital Key—a next generation car key—can be used to start, lock, and open the vehicle. LG Innotek introduced a 'Digital Key Module for Vehicles' in 2021 and has since improved the functionality of its products. The 'Next Generation Digital Key solution' that it has now created greatly improves passenger convenience and safety. Here’s the list of some key players:
In the News
- In May 2024, Ericsson and Umniah signed an MoU to expand the Hashemite Kingdom of Jordan's major cities' 3G and 4G networks. To increase network capacity, the expansion uses 10 megahertz (MHz) of spectrum, which includes 5MHz that was reframed from 3G to 4G and an additional 5MHz.
- In June 2023, Analog Devices, Inc. unveiled Apollo MxFE, its most sophisticated software-defined wideband mixed-signal front-end platform with direct RF sampling. It also enables next generation applications such as phased array radar, electronic surveillance, test and measurement, and 6G communications across wireless communications, instrumentation, and aerospace and defense sectors.
Author Credits: Abhishek Verma
- Report ID: 6857
- Published Date: Dec 25, 2024
- Report Format: PDF, PPT
