Market Size of LTE and 5G Broadcast Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 15.61 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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LTE & 5G Broadcast Market Analysis
LTE and 5G Broadcast Market was valued at USD 13.09 billion in 2020 and is expected to reach USD 34.34 billion CAGR of over 15.61% during the forecast period (2021 - 2026). The growing usage of 5G broadcast services creates an opportunity for the TV broadcasters and content providers to widen their reach across the customers since the technology allows them to address mobile devices directly.
- With the rising consumer's demand for premium content such as live sports events, the market for LTE and 5G broadcast is expected to grow at a very high rate during the forecast period.
- Further, the growing demand for OTT services, such as video-on-demand, mobile TV, digital radio, along with the live-event broadcast, the end-user are highly impacting the capacity needed to deliver popular content thereby opening up new business opportunities for the market.
- The development of Narrow-Band IoT (NB-IoT) in 3GPP is also expected to support massive machine connectivity in wide-area applications, which is expected to fuel the demand for the LTE and 5G broadcast market during the forecast period.
