Next Generation Wireless Network Market Analysis

End-user (Telecommunication, Consumer Electronics, Manufacturing, Aerospace, Defense)

The global next generation wireless network market is segmented and analyzed for demand and supply by end user into telecommunication, consumer electronics, manufacturing, aerospace and defense, and others. Out of these segments, the telecommunication segment is estimated to gain the largest market share by the end of year 2037. The growth of the segment can be attributed to the increasing adoption of 5G technology by telecom providers, as well as the growing demand for high speed network access to meet the growing need for data communication. Moreover, the advent of 5G technology has resulted in even greater demands for faster connections, and the telecommunication companies are investing heavily in improving their networks as a result of this new technology. For instance, telecommunications companies expect to invest USD 55 billion over the next four years in network density, spectrum additions and active equipment upgrades. The Union Budget for 2022-23 allocated approximately USD 11 billion for India's Department of Telecommunications. Additionally, foreign direct investments totaled USD 38 billion in the telecom sector between April 2000 and September 2022. Additionally, the increasing demand for Internet of Things (IoT) applications, such as connected cars and smart homes, is further driving the growth of the telecommunication segment.

Technology (Wireless LAN, 3G, 4G LTE, 5G)

The global next generation wireless network market is also segmented and analyzed for demand and supply by technology into wireless LAN, 3G, 4G LTE, and 5G. Out of these segments, the 5G segment is estimated to gain the largest market share by the end of year 2037. The growth of the segment can be attributed to the increasing demand for 5G-enabled mobile devices and the need for faster data speeds and increased internet coverage. 5G technology is also expected to enable a range of new applications, such as autonomous vehicles, and remote healthcare, which will further contribute to the growth of the 5G segment. The growth in demand for high-speed data transmission and the increasing adoption of 5G networks are driving the development of this technology. It is estimated that 30 percent of the world's population will be covered by 5G networks by the year 2025. By the year 2026, the number of 5G subscribers is expected to reach 4.5 billion. Moreover, 5G also has the potential to support a massive number of connected devices, making it possible to build smart cities, connected homes and other applications that require a large number of connected devices. Hence, such factors are projected to drive segment growth in the coming years.

Our in-depth analysis of the global market includes the following segments: