LTE and 5G Broadcast Market Size (2024 - 2029)

The LTE and 5G broadcast market is anticipated to experience significant growth, driven by the increasing demand for premium content and over-the-top services. This expansion is facilitated by the ability of 5G technology to directly reach mobile devices, allowing broadcasters and content providers to enhance their audience reach. The development of Narrow-Band IoT is also expected to contribute to the market's growth by supporting extensive machine connectivity in wide-area applications. These factors collectively indicate a robust increase in the market size during the forecast period.

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Market Size of LTE and 5G Broadcast Industry

LTE and 5G Broadcast Market Summary
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

LTE and 5G Broadcast Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

LTE & 5G Broadcast Industry Segmentation

  • The LTE and 5G broadcast services are based on the eMBMS and LTE Multicast Technology which is furtherbased on the 3GPP's evolved Multimedia Broadcast Multicast Service (eMBMS) standard-based, which isthe global standard for video broadcast on mobile networks. The 5G broadcast technology is enhanced via the 3GPP group with Release 14 and 15 as Further Enhanced Multimedia Broadcast Multicast Service (FeMBMS).
  • Here theLTE and 5G broadcast technologies allocate a portion of the wireless network resources to host specific content, thatenables theoperator to send a single stream of data to all theusers in a particular area instead of sending an individual stream to each user. Such technology architecture helps inenhancing themobile experience thereby offeringusers with limitless media consumption along with other broadcast services.
By Application
Public Safety
Connected Vehicles
Live Event Streaming
Mobile TV Streaming
Advertising
Content/Data Delivery
Video on Demand
Other Applications
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa
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LTE and 5G Broadcast Market Size Summary

The LTE and 5G broadcast market is experiencing significant growth, driven by the increasing demand for high-quality content and the expansion of OTT services. This market is poised to benefit from the advancements in mobile technology, allowing TV broadcasters and content providers to directly reach consumers on their mobile devices. The rise in consumer interest for live sports and other premium content is propelling the market forward, creating new business opportunities. Additionally, the development of Narrow-Band IoT (NB-IoT) is expected to enhance machine connectivity, further fueling market demand. Wireless end-users are also seeing improved Quality of Experience (QoE) with LTE broadcast services, which are enabling a wide range of applications across wireless networks. The ongoing efforts by operators to implement evolved Multimedia Broadcast Multicast Service (eMBMS) streams are expected to contribute to market expansion.

The market landscape is moderately competitive, with a few major players currently holding significant market shares. However, advancements in broadband speed are allowing new entrants to expand their presence, particularly in emerging economies. The Asia-Pacific region is witnessing substantial activity, with cross-collaboration among industry players conducting field tests and trials to enhance LTE and 5G broadcast networks. Notable developments, such as the rollout of 5G technology by SK Telecom in South Korea, are setting the stage for broader adoption of these services. Companies like KT Corporation are leading the way with innovative offerings, such as unlimited data plans for 5G services, which are expected to drive further market growth.

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LTE and 5G Broadcast Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Market Drivers

      1. 1.3.1 Growing Need for Fast Internet Connectivity With Ultra-Low Latency Connectivity for Broadcast Service

      2. 1.3.2 Rising Application of Multimedia Services Across Emerging Economies

    4. 1.4 Market Restraints

      1. 1.4.1 Fragmented Spectrum Allocation for LTE and 5G services

      2. 1.4.2 High Initial Investment Involved in Expanding LTE and 5G Infrastructure

    5. 1.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technology Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Public Safety

      2. 2.1.2 Connected Vehicles

      3. 2.1.3 Live Event Streaming

      4. 2.1.4 Mobile TV Streaming

      5. 2.1.5 Advertising

      6. 2.1.6 Content/Data Delivery

      7. 2.1.7 Video on Demand

      8. 2.1.8 Other Applications

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 Japan

        3. 2.2.3.3 South Korea

        4. 2.2.3.4 India

        5. 2.2.3.5 Rest of Asia-Pacific

      4. 2.2.4 Rest of the World

        1. 2.2.4.1 Latin America

        2. 2.2.4.2 Middle-East & Africa

LTE and 5G Broadcast Market Size FAQs

The LTE and 5G Broadcast Market is projected to register a CAGR of 15.61% during the forecast period (2024-2029)

KT Corporation, Verizon Wireless, AT&T Inc., Huawei Technologies Co. Ltd. and SK Telecom Co. Ltd. are the major companies operating in the LTE and 5G Broadcast Market.

LTE & 5G Broadcast Market Report Snapshots

LTE and 5G Broadcast Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)