5G 서비스 시장 보고서 : 동향, 예측, 경쟁 분석(-2030년)

5G Service Trends and Forecast

The future of the global 5G service market looks promising with opportunities in the IT and telecom, media and entertainment, automotive, energy and utility, aerospace and defense markets. The global 5G service market is expected to reach an estimated $449.8 billion by 2030 with a CAGR of 31.7% from 2024 to 2030. The major drivers for this market are strong adoption of 5G services, communications, and infrastructure development to provide superior customer support, rising data traffic and the need for high-speed connectivity, and move toward intelligent transportation systems-integrated smart cities.

Lucintel forecasts that enhanced mobile broadband (eMBB) is expected to witness the highest growth over the forecast period due to enormous need for faster internet connections in applications like cloud-based gaming, AR/VR, uhd video, and uninterrupted video calls, as well as, capacity of 5G networks to provide unmatched data throughput, drastically lower latency, and increased speed.

APAC is expected to witness highest growth over the forecast period because of growing need for the services as a result of the rapid infrastructure construction occurring in nations like China, India, Japan, and others in an effort to improve connectivity, along with the steady supply of 5G-enabled devices owing to the large internet user population and growing demand for handsets with faster internet speeds in the region.

Emerging Trends in the 5G Service Market

Several emerging trends are influencing the 5G service market as changes in technology and a move toward consumer and business needs take place. These emerging trends are changing the face of 5G services worldwide.

• Unfolding Private 5G Networks: The concept of private 5G networks is a fast-growing force across industries, with vendors offering a range of bespoke enterprise solutions. Promising increased security, reliability, and finer control over network performance, they will be of particular value in sectors dependent upon high-performance, secure connectivity, such as manufacturing, logistics, and healthcare.
• Integration with Edge Computing: Integration of 5G and edge computing together promises better real-time data processing and low latency. A business could thereby achieve faster response times and high performance of applications by processing data closer to the source. This trend is very critical for applications needing immediate data analysis, such as autonomous vehicles and smart cities.
• Network Slicing Development: The whole concept of network slicing is literally carve out virtual networks from one physical 5G network. In such slicing, operators can clearly see where they can commit resources and network performance for a particular application or industry. It has various use cases, including IoT, mobile broadband, and critical communications. This helps in flexibility and efficiency in the management of the network.
• Value Proposition: Increased IoT Application Focus-IoT applications fuel the growth in 5G adoption. 5G is also inherently required to connect a large quantity of IoT devices due to its characteristics of low latency and high capacity. This will further enhance the development of smart homes, industrial automation, and smart cities where reliable and fast connectivity has now become an operational and integration requisite.
• More 5G R&D Investment: Gaining further consciousness over the usage of 5G technology has created an emergent impetus on research and development to achieve innovation to meet the challenges. This involves investments in network efficiency, new 5G use cases, and security features. This trend creates pathways for further ongoing evolution in 5G technology and its application.

These are emerging trends that make the 5G service market new, from improving network capabilities and enabling new applications to driving innovation. With this increased private network focus- cultured for edge computing, network slicing, IoT, and R&D in its ambit-the 5G landscape has marched ahead to an even better stage of diversification and applicability.

Recent Developments in the 5G Service Market

Following are five key developments that indicate recent developments in the 5G service market, pointing at both development and strategic moves that have been indicative in setting the industry:

• mmWave Spectrum Rollout: As this spectrum promises better speeds and higher capacity, the millimeter-wave spectrum is increasingly being put into use. Large carriers are deploying mmWave spectrum in urban areas, thus providing ultra-fast 5G speeds. By such enhancement in the capability, user experiences will be improved, and high-bandwidth applications like augmented reality and HD video streaming will be supported.
• Proliferation of 5G Fixed Wireless Access: Fixed wireless access is increasingly proving a viable solution for extending high-speed internet to underserved communities. This kind of technology provides broadband service without much fiber infrastructure thanks to 5G. That advancement will be helping to reduce the digital divide in several rural or suburban areas due to improvement in connectivity.
• Advancing 5G Network Sharing: The agreement about sharing between the operators has gained momentum. Sharing agreements are one such possibility that paves the way for economical deployment of 5G. A shared infrastructure reduces capital expenditure and accelerates the pace of the rollout process. This is proving to be a development for the operators to increase their coverage and efficiency while managing their costs in a better manner.
• Deployment of 5G in Smart Cities: It finds its application in smart city projects wherein 5G technology would help in improving urban lifestyles. It ranges from smart traffic management to smart public services and enhancements in environmental monitoring, among others. This will help develop intelligent infrastructure and help achieve more sustainable and effective urban ecologies.
• Growth of 5G-Enabled IoT Solutions: Increasing 5G-enabled IoT solution expansions are driving a wide variety of new applications across industries. 5G's low latency with high capacity will drive advanced use cases of IoT, such as autonomous vehicles, remote healthcare, and smart agriculture. This opens up more avenues for innovation, enabling new possibilities not just for businesses but also consumers.

The following are some recent developments that push the 5G service market with further network capability and coverage, while opening up new application areas. Emphasis on mmWave spectrum, fixed wireless access, network sharing, smart cities, and IoT solutions propels growth and innovation in the 5G services future.

Strategic Growth Opportunities for 5G Service Market

The 5G service market has a number of strategic growth opportunities across major applications, which are driven by the capability of the technology itself and its potential to transform various sectors.

• Smart City: Major growth opportunities abound within smart cities due to 5G technology, offering the path toward infrastructure and service advancement. Applications include smart traffic management, connected public services, and environmental monitoring. As enhanced connectivity with 5G enables the creation of efficient and intelligent urban environments,.
• Health: It is one of the industries that could highly benefit from 5G, given that it applies to industries such as remote surgery, telemedicine, and real-time patient monitoring. The low latency and high bandwidth provided by 5G ensure quality and reliable remote consultations and diagnoses, improving patient care and access to medical services.
• Industrial Automation: 5G enables industrial automation growth through low-latency, reliable communication among IoT devices and machineries. Applications include automated manufacturing processes, predictive maintenance, and real-time data analytics. The increased efficiency and flexibility of 5G networks foster innovations in industrial operations.
• IoT: will help enable heavy development in the field of autonomous vehicles. Dependence on autonomous vehicles relies on 5G technology that has the capability of real-time communication and data exchange. It is 5G which makes possible V2X-vehicle-to-everything communication, therefore enhancing safety, navigation, and management of traffic. This opportunity therefore supports the growth of smart transportation together with connected mobility solutions.
• Augmented and Virtual Reality: The high speed and, correspondingly, the low latency of 5G are basic for all those AR and VR applications needing seamless and immersive user experiences. This opens up opportunities for gaming, virtual training, and interactive entertainment, among others. Enhanced 5G network performance enables the creation and adoption of more sophisticated AR/VR solutions.

These strategic growth opportunities demonstrate how 5G technology will enable transformation in industries such as smart cities, healthcare, industrial automation, autonomous vehicles, and AR/VR applications. Empowered by 5G, these industries and governments will be able to innovate and create new value in areas like these for a connectivity-enabled future.

5G Service Market Driver and Challenges

The 5G service market is developed on the basis of many technological, economic, and regulatory linkages. The major drivers of recent rapid technological advances, the growth in demand for high-speed, low-latency connectivity, major investments both by governments and by private entities-all these are considered the driving forces for 5G adoptions. At the same time, challenges to such growth appear to be high costs of deployment, a complex regulatory environment in general, and some specific security risks. Understanding such drivers and challenges will be critical for a variety of stakeholders in order to navigate the evolving 5G landscape with efficacy.

The factors responsible for driving the 5G service market include:

1. Other technological enhancements include development in 5G technologies, involving millimeter-wave spectrum creation and network slicing. This, in turn, improves data speed, reduces latency, and optimizes the usage of network resources. By applying such performance benefits, it supports applications that range from augmented reality to smart cities, further speeding up the pace of adoption for 5G networks.

2. The growing demand for high-speed connectivity can be attributed to increased demand for fast and reliable internet connections, hence the reason for growth in the 5G market. Increased data consumption due to streaming services, gaming, and IoT devices requires 5G to provide high speeds and great capacity that are effectively met. This, in turn, would grow demands that drive investments in 5G infrastructure and rapid network deployments.

3. IoT Application Expansion: The growth of devices around the Internet of Things acts as a critical force for 5G adoption. 5G networks provide immense burdens from connected devices and applications with low latency and high capacity. These capabilities are particularly essential to industries like smart homes, industrial automation, and healthcare, which are strong forces propelling 5G services forward.

Challenges in the 5G service market are:

1. High Deployment Costs: Setting up the infrastructure for 5G is costly. This means the buying of spectrum, new base stations, and upgrading the existing infrastructure-all this will be extremely costly. Again, high costs of deployment may slow down the pace of 5G network rollout in areas that will be less economically viable.

2. Spectrum and Regulatory Issues: The regulatory environment can be obtuse to define; spectrum allocation is a big problem. In other words, the fact that different countries have differing regulations on the use of spectrum impacts 5G deployment and operations. Moving into acquiring all licenses necessary and fulfilling regulatory requirements increases the delay in implementing the network and further increases operational difficulties.

3. Security and Privacy Concerns: Increased connectivity, as made possible by 5G, has a number of concerns in areas of security and privacy. Those identified are the protection of the networks against cyber threats, data security, and user privacy. Building trust and ensuring that 5G can operate safely and reliably involves addressing these security and privacy head-on.

Specifically, the growth of the 5G service market is based on the development of technology, increasing demand for high-speed connectivity, expansion in IoT applications, and government support, among other emerging use cases. Such drivers, however, need to be weighed against the management challenges of high deployment cost, regulatory hurdles, and security concerns. The balance between these drivers and challenges will be critical for successful expansion and effective utilization of 5G technologies in trying to meet the constantly changing needs of both consumers and industries.

List of 5G Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G service companies profiled in this report include-

• AT&T
• Bharti Airtel
• BT Group
• China Mobile Limited
• Deutsche Telekom
• Saudi Telecom Company
• SK Telecom
• T-Mobile USA
• Verizon Communications
• Vodafone Group

5G Service by Segment

The study includes a forecast for the global 5G service by communication type, end use industry, and region.

5G Service Market by Communication Type [Analysis by Value from 2018 to 2030]:

• Fixed Wireless Access (FWA)
• Enhanced Mobile Broadband (eMBB)
• Ultra-Reliable and Low Latency Communications (uRLLC)
• Massive Machine-Type Communications (mMTC)

5G Service Market by End Use Industry [Analysis by Value from 2018 to 2030]:

• IT and Telecom
• Media and Entertainment
• Automotive
• Energy and Utility
• Aerospace and Defense
• Others

5G Service Market by Region [Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the 5G Service Market

The 5G service market is shifting, where many countries are now investing in network expansion and improvement. Applications of 5G technology are likely to bring radical changes in communication regarding speed, lesser latency, and reliable connectivity. Below is an overview of the recent developments that are taking place within the 5G service market across key countries.

• United States: The US continues to upgrade to 5G with massive investments into the infrastructure in both urban and rural areas. Major carriers like Verizon and AT&T are currently expanding their 5G networks while at the same time focusing on both low-band and high-band spectrum for further improvement in coverage and speed. Implementation of 5G includes deployment in smart cities and increased usage of edge computing to reduce latency.
• China: Deployment in 5G is leading in China, with heavy infrastructure in the country. Government policies and subsidies are gifting support to 5G extension. The three giants, China Mobile, China Unicom, and China Telecom, bring about network deployments across urban, suburban, and rural areas. These create an enabling environment for IoT and smart manufacturing. China wants to be among the leaders in 5G technology.
• Germany: The country moves on with plans for its rollout of 5G in the country, with a key target for urban centers and industrial areas. Deutsche Telekom and Vodafone are the two primary leaders in the deployment process, with a corporate focus on smart factories, logistics enhancement through connectivity. Similarly, Germany has invested in 5G research and development to see a target for integration into various sectors such as automotive and health.
• India: All trials and auctions are underway to accelerate the deployment of 5G in India. The significant telecom players in Reliance Jio, Bharti Airtel, amongst others, conduct testing in selected few cities. The government of India is working on the regulatory frameworks that will provide full-scale support to 5G adoptions. It's more about bridging the gap in the digital divide and increasing connectivity across the length and breadth of the country.
• Japan: Japan is also aggressively deploying its 5G network. Major carriers, including NTT Docomo and SoftBank, have already deployed services in key cities. Japan's 5G deployment involves development in IoT applications and smart city initiatives. It is also looking into 5G uses for areas such as robotics and telemedicine to leverage its technological capabilities.

Features of the Global 5G Service Market

Market Size Estimates: 5G service market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: 5G service market size by communication type, end use industry, and region in terms of value ($B).

Regional Analysis: 5G service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different communication type, end use industry, and regions for the 5G service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G service market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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FAQ

Q1. What is the 5G service market size?

Answer: The global 5G service market is expected to reach an estimated $449.8 billion by 2030.

Q2. What is the growth forecast for 5G service market?

Answer: The global 5G service market is expected to grow with a CAGR of 31.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the 5G service market?

Answer: The major drivers for this market are strong adoption of 5G services, communications, and infrastructure development to provide superior customer support, rising data traffic and the need for high-speed connectivity, and move toward intelligent transportation systems-integrated smart cities.

Q4. What are the major segments for 5G service market?

Answer: The future of the global 5G service market looks promising with opportunities in the IT and telecom, media and entertainment, automotive, energy and utility, aerospace and defense markets.

Q5. Who are the key 5G service market companies?

Answer: Some of the key 5G service companies are as follows:

• AT&T
• Bharti Airtel
• BT Group
• China Mobile Limited
• Deutsche Telekom
• Saudi Telecom Company
• SK Telecom
• T-Mobile USA
• Verizon Communications
• Vodafone Group

Q6. Which 5G service market segment will be the largest in future?

Answer: Lucintel forecasts that enhanced mobile broadband (eMBB) is expected to witness the highest growth over the forecast period due to enormous need for faster internet connections in applications like cloud-based gaming, AR/VR, uhd video, and uninterrupted video calls, as well as, capacity of 5G networks to provide unmatched data throughput, drastically lower latency, and increased speed.

Q7. In 5G service market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period because of growing need for the services as a result of the rapid infrastructure construction occurring in nations like China, India, Japan, and others in an effort to improve connectivity, along with the steady supply of 5G-enabled devices owing to the large internet user population and growing demand for handsets with faster internet speeds in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the 5G service market by communication type (fixed wireless access (FWA), enhanced mobile broadband (eMBB), ultra-reliable and low latency communications (uRLLC), and massive machine-type communications (mMTC)), end use industry (IT and telecom, media and entertainment, automotive, energy and utility, aerospace and defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
• Market Report

Table of Contents

1. Executive Summary

2. Global 5G Service Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

• 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
• 3.2. Global 5G Service Market Trends (2018-2023) and Forecast (2024-2030)
• 3.3: Global 5G Service Market by Communication Type
  • 3.3.1: Fixed Wireless Access (FWA)
  • 3.3.2: Enhanced Mobile Broadband (eMBB)
  • 3.3.3: Ultra-Reliable and Low Latency Communications (uRLLC)
  • 3.3.4: Massive Machine-Type Communications (mMTC)
• 3.4: Global 5G Service Market by End Use Industry
  • 3.4.1: IT and Telecom
  • 3.4.2: Media and Entertainment
  • 3.4.3: Automotive
  • 3.4.4: Energy and Utility
  • 3.4.5: Aerospace and Defense
  • 3.4.6: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

• 4.1: Global 5G Service Market by Region
• 4.2: North American 5G Service Market
  • 4.2.1: North American 5G Service Market by Communication Type: Fixed Wireless Access (FWA), Enhanced Mobile Broadband (eMBB), Ultra-Reliable and Low Latency Communications (uRLLC), and Massive Machine-Type Communications (mMTC)
  • 4.2.2: North American 5G Service Market by End Use Industry: IT and Telecom, Media and Entertainment, Automotive, Energy and Utility, Aerospace and Defense, and Others
• 4.3: European 5G Service Market
  • 4.3.1: European 5G Service Market by Communication Type: Fixed Wireless Access (FWA), Enhanced Mobile Broadband (eMBB), Ultra-Reliable and Low Latency Communications (uRLLC), and Massive Machine-Type Communications (mMTC)
  • 4.3.2: European 5G Service Market by End Use Industry: IT and Telecom, Media and Entertainment, Automotive, Energy and Utility, Aerospace and Defense, and Others
• 4.4: APAC 5G Service Market
  • 4.4.1: APAC 5G Service Market by Communication Type: Fixed Wireless Access (FWA), Enhanced Mobile Broadband (eMBB), Ultra-Reliable and Low Latency Communications (uRLLC), and Massive Machine-Type Communications (mMTC)
  • 4.4.2: APAC 5G Service Market by End Use Industry: IT and Telecom, Media and Entertainment, Automotive, Energy and Utility, Aerospace and Defense, and Others
• 4.5: ROW 5G Service Market
  • 4.5.1: ROW 5G Service Market by Communication Type: Fixed Wireless Access (FWA), Enhanced Mobile Broadband (eMBB), Ultra-Reliable and Low Latency Communications (uRLLC), and Massive Machine-Type Communications (mMTC)
  • 4.5.2: ROW 5G Service Market by End Use Industry: IT and Telecom, Media and Entertainment, Automotive, Energy and Utility, Aerospace and Defense, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global 5G Service Market by Communication Type
  • 6.1.2: Growth Opportunities for the Global 5G Service Market by End Use Industry
  • 6.1.3: Growth Opportunities for the Global 5G Service Market by Region
• 6.2: Emerging Trends in the Global 5G Service Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global 5G Service Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global 5G Service Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: AT&T
• 7.2: Bharti Airtel
• 7.3: BT Group
• 7.4: China Mobile Limited
• 7.5: Deutsche Telekom
• 7.6: Saudi Telecom Company
• 7.7: SK Telecom
• 7.8: T-Mobile USA
• 7.9: Verizon Communications
• 7.10: Vodafone Group