Next Generation Wireless Network Market Size & Share, by End-user (Telecommunication, Consumer Electronics, Manufacturing, Aerospace, Defense); Technology (Wireless LAN, 3G, 4G LTE, 5G); Type (Fixed, Mobile, Portable, IR) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3561
  • Published Date: Mar 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Next Generation Wireless Network Market size is projected to cross USD 58600 million by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of next generation wireless network was over USD 27819 million. This growth is attributed to the increasing demand for high-speed mobile broadband services and the deployment of 5G networks across various countries. Further, a growing trend in cloud computing, as well as an increased demand for reliable and secure network solutions, is projected to drive market growth. A 36% increase in cloud computing spending was reported in 2021. There was an estimated USD 138 billion spent on cloud computing in 2020, which grew to USD 190 billion in 2021. It is forecast that by 2025 there will be over 100 zettabytes of data stored in the cloud. As the amount of data stored in cloud computing continues to increase, the capacity of the existing wireless networks needs to be improved in order to keep up with the demand. Increasing data stored in cloud computing will require faster and more reliable wireless networks to ensure that the data is transferred quickly and securely.

Additionally, NGWN technologies are also being developed to improve the security of wireless networks and reduce interference. NGWN technologies use more advanced signal processing techniques, such as millimeter wave frequency bands, massive MIMO, beamforming, and other advanced techniques, to provide higher throughputs and lower latency than current wireless networks. Additionally, these technologies also provide improved security, as they can detect and prevent malicious attacks and other threats. Furthermore, they also reduce interference between wireless networks, making them more reliable and efficient.

5G technology enables a huge increase in data speeds and bandwidth, as well as more reliable connections, which allows for more efficient communication and the development of new technologies, such as autonomous vehicles, IoT, and AR/VR. 5G technology also provides a much lower latency than previous wireless networks, which makes it possible to support real-time applications such as remote healthcare, virtual reality gaming, and autonomous vehicle control.

In addition to these, factors that are believed to fuel the market growth of next generation wireless network include rising demand for high speed data communication, growing need for low latency services, and increasing investments by telecom operators in 5G network technology. 5G networks offer higher speeds, lower latency, and more reliable connections, which are essential for emerging technologies such as the Internet of Things, autonomous vehicles, and virtual reality. As such, telecom companies and mobile operators are investing heavily in 5G network infrastructure in order to stay competitive and meet the increasing demand for faster and more reliable network connections. Furthermore, the high bandwidth capacity of 5G networks allows for more devices to be connected simultaneously, thus enabling the development of smart cities, automated transportation, and other innovative technologies.


Next Generation Wireless Network Market
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Next Generation Wireless Network Sector: Growth Drivers and Challenges

Growth Drivers

  • The Growing Trend of Internet Of Things (IoT) And Connected Devices- The emergence of connected devices, such as smartphones, tablets, and home appliances, has created a large demand for next generation wireless networks that can support their connectivity. IoT devices connected to cellular networks increased by 17% from year-to-year (YoY) in the first half of 2021. It is estimated that by 2030, there will be more than 26 billion Internet of Things devices, as a result of the development of 5G and other technologies.  As a result, there has been an increase in investments in research and development of new technologies, such as 5G, that can support the vast number of connected devices. As a result, the market for next generation wireless networks is expected to grow significantly.
  • Rise In The Sales Of Advanced Automobiles Worldwide Such As Autonomous Vehicles - It has been estimated that 2.80 million passenger cars with driver assistance features have been sold in China so far in 2022. Autonomous vehicles require a vast amount of data to be transmitted in real-time in order to function safely and efficiently. This data needs to be sent over a reliable, high-speed network, which is only possible with next-generation wireless networks.
  • Rising Penetration of Smartphones, Tablets, And Laptops - There was a 64% smartphone penetration rate across the globe in 2019. According to the expected growth in smartphone penetration by the year 2025, the world will have 83 percent of smartphones in use. As more people are using these devices to access the internet, the need for faster and more efficient wireless networks is increasing.
  • Growing Demand For Mobile Data Services And The Increasing Number Of Internet Users Across The Globe - In 2022, 5G was projected to account for 16 percent of mobile data traffic. Also, there are approximately 5.19 billion people with access to and use the internet worldwide, out of a total estimated population of 7.8 billion. The internet is used by 66.2% of the global population. In the period 2000-2023, the number of internet users increased by 1,350%.
  • Increasing Smart City Projects Across Countries - The Chinese government is currently deploying approximately 780 Smart City programs throughout the country. Economic benefits from Smart Cities are estimated to be 19 trillion U.S. dollars by 2026. Smart city projects require a massive amount of data to be collected and analyzed in real-time, which is only possible with a robust, fast and reliable wireless network. As more cities adopt these projects, the need for next-generation wireless networks continues to increase.

Challenges

  • Lack of a unified regulatory framework - Without a unified framework, the rules and regulations governing the industry vary widely from country to country. This makes it difficult for companies in the industry to expand into new markets since they have to comply with different regulations in each market.
  • High initial investment to deploy next generation wireless networks
  • Insufficient spectrum availability owing to existing regulations, making it difficult for wireless carriers to deploy their networks.

Next Generation Wireless Network Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~8%

Base Year Market Size (2022)

~USD 27,819 Million

Forecast Year Market Size (2035)

~USD 58,600 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Next Generation Wireless Network Segmentation

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 2035. 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 2035. 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:

      By End User

  • Telecommunication
  • Consumer Electronics
  • Manufacturing
  • Healthcare
  • Banking
  • Automotive
  • Retail
  • Aerospace and Defense
  • Others

     By Technology

  • Wireless LAN
  • 3G
  • 4G LTE
  • 5G

     By Type

  • Fixed
  • Mobile
  • Portable
  • IR

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Next Generation Wireless Network Industry - Regional Synopsis

APAC Market Statistics

The Asia Pacific next generation wireless network market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed the increasing penetration of smartphones, tablets, and other connected devices, as well as the emergence of new applications such as video streaming and the Internet of Things. As a result, there has been an increase in data traffic, resulting in the need for more robust wireless networks to support this increased demand. As a result of the development of smartphones, the share of India's and China's mobile traffic has increased from 12% to nearly 50% over the past decade. Global mobile data traffic is dominated by China with 26% share, followed by India with 23%. A staggering 12 GB of mobile data is used per user in India every month, and 28 million new smartphones are added every quarter. As the amount of data traffic in a region grows, the amount of bandwidth and capacity needed to support it increases, making the need for more advanced wireless networks to handle it. This increased demand for more advanced networks is what is driving the regional market growth.

North American Market Forecast

The North America next generation wireless network market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The North America region is increasingly embracing the latest technologies and connected devices, such as 5G, the Internet of Things (IoT), and artificial intelligence (AI), which are expected to create immense opportunities for the growth of the wireless network market in the region. As a result, these technologies can provide faster, more reliable and secure wireless connections, which are crucial for the success of businesses in the current digital era. The implementation of advanced technologies such as smart roads, smart cars, as well as home automation is also expected to have a significant impact on the growth of the market in the region. As of 2023, over 58 million US households are expected to be using smart home devices. Smart home devices were in 55 million households in 2022, which is 3% higher than this year. Current wireless networks are limited in range, speeds, and the number of devices they can support. Next generation wireless networks allow more devices to be connected at once, provide faster download speeds, and extend their range to cover larger areas. This will be especially significant for homes that have smart devices that require an internet connection.

Europe Market Forecast

Further, the next generation wireless network market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed to the increasing demand for better communication networks and the growing adoption of 5G technology. The increased need for high-speed data networks for various applications along with the increasing investment from telecom operators in the region is expected to boost market growth. Additionally, the region has access to high-speed broadband networks, which allows companies to take advantage of the latest technologies and expand their operations. All of these factors are expected to contribute to the growth of the European telecommunications market in the coming years.

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Next Generation Wireless Network Market Size
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Companies Dominating the Next Generation Wireless Network Landscape

top-features-companies
    • AT&T Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Qualcomm Technologies, Inc.
    • IBM Corporation
    • Cisco Systems, Inc.
    • Nokia Corporation
    • Semtech Corporation
    • T-Mobile International AG
    • SIGFOX
    • Verizon Communications Inc.
    • Vodafone Idea Limited

In the News

  • A new 5G service has been launched in the United States by AT&T and Cisco to make connectivity faster and more reliable for Internet of Things devices. With 5G networks, users can connect more devices and process data more quickly due to increased speeds and lower latency.

  • A new Quillion chipset family was launched by Nokia Corporation to enable massive scale networks in the future. The chipset enables the deployment of 10G PON in fiber networks as well as the serving of greater numbers of users from ultra-high-speed G.fast access points.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 3561
  • Published Date: Mar 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising penetration of connected devices such as smartphone, laptops along with increasing usage in internet across the globe are the major factors expected to drive the market growth.

The market is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2035.

Insufficient spectrum availability owing to existing regulations, making it difficult for wireless carriers to deploy their networks are estimated to be the growth hindering factor for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are AT&T Inc., Qualcomm Technologies, Inc., IBM Corporation, Cisco Systems, Inc., Nokia Corporation, Semtech Corporation, T-Mobile International AG, SIGFOX, Verizon Communications Inc., Vodafone Idea Limited, and other key market players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by end user, technology, type and by region.

The telecommunication segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Next Generation Wireless Network Market Report Scope
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