LTE and 5G Broadcast Market

Market Leader - LTE and 5G Broadcast Market

The global LTE and 5G broadcast market is expected to reach USD 807 million by 2024 from USD 464 million in 2019, at a CAGR of 11.7% during 2019–2024. In 2018, the LTE and 5G broadcast market was mainly dominated by KT (South Korea), Qualcomm (US), Samsung (South Korea), Verizon (US), Intel (US), and Huawei (China). These major companies focus on the implementation of organic growth strategies such as product launches and developments, mergers and acquisitions, agreements, contracts, partnerships, collaborations, and expansions to boost their revenues.

Several other major players in the market are KT (South Korea), Verizon Wireless (US), China Unicom (China), Telstra (Australia), Reliance (Jio) (India), Qualcomm (US), Samsung Electronics (South Korea), Huawei (China), Cisco (US), ZTE (China), Ericsson (Sweden), Nokia (Finland), NEC (Japan), Enynsys Technologies (France), Expway (France), Athonet (Italy), AT&T (US), Telstra (Australia), Intel (US), KDDI (Japan), SK Telecom (South Korea), T- Mobile (US), and Netgear (US).

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KT (South Korea) is the major player regarding telecommunications services in Korea and globally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services. Additionally, the company also offers data communication services such as leased line and broadband Internet connection services to its customers. Numerous network operators are in phase of testing and trial of eMBMS. KT have introduced (limited scale) 4G broadcast commercial services in South Korea. In September 2018, KT in South Korea demonstrated the use of eMBMS-based group communication service enabler (GCSE) capabilities for public safety applications in disaster situations. The broadcast services enabled group communications with a large number of people, who were using base stations from different vendors, namely, Nokia and Samsung.

According to chipset vendor, Qualcomm (US) is the major player. To support the LTE and 5G Broadcast service, vendors are developing advanced chipsets. The chipset ecosystem is evolving, and device manufacturers have a choice of using chipsets offering eMBMS support. The chipset vendors are coming up with LTE-Broadcast-capable chipsets and modules, which are leading to expansion of the device’s ecosystem. For instance, in February 2019, Qualcomm released Snapdragon 850 mobile platform. Qualcomm is one of the leading players in the wireless connectivity space. The company is forerunner in the development and commercialization of technologies and products used in mobile devices and other wireless products, such as network equipment, broadband gateway equipment, and consumer electronic devices.

Related Reports:

LTE and 5G Broadcast Market by Technology (LTE Broadcast, 5G Broadcast) and End-Use (Video on demand (VOD), Mobile TV, Connected Cars, Emergency Alerts, Stadiums, E-Newspapers And E- Magazines, radio, Data Feed & Notifications) - Global Forecast to 2024

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Report Code
SE 7124
RI Published ON
5/28/2019
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