Next Generation Communication Technologies Market 2021 with Strong R&D | Key Players – Huawei Technologies, Koninklijke Philips, Panasonic

Next Generation Communication Technologies Market

The Next Generation Communication Technologies Market size is estimated to grow from USD 50 Billion in 2020 to USD 310 Billion by 2027, growing at a CAGR of 29.8% during the forecast year from 2021 to 2027.

Latest added Next Generation Communication Technologies Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are AT&T, Huawei Technologies, Devicescape Software, Koninklijke Philips, Panasonic, Qualcomm Technologies. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

This report studies the Next Generation Communication Technologies Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Next Generation Communication Technologies Market by companies, region, type and end-use industry.

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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Next Generation Communication Technologies Market, By Technology (Wired Communication Technology, Wireless Communication Technology), End User (Military and Defense, Automotive, Telecommunication, Other) & Geography – Global Forecast To 2027”. Early buyers will get 10% customization on study.

To Avail deep insights of Next Generation Communication Technologies Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.

Unlock new opportunities in Next Generation Communication Technologies Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.

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Market Overview

The next generation communication technologies market size is estimated to grow from USD 50 Billion in 2020 to USD 310 Billion by 2027, growing at a CAGR of 29.8% during the forecast year from 2021 to 2027.

The research covers the current and historic next generation communication technologies market size and its growth trend with company outline of Key players/manufacturers: Verizon, AT&T Inc., Huawei Technologies Co., Ltd., Devicescape Software, Inc. Koninklijke Philips NVPanasonic Corp., Purelifi Ltd, Laser Light Global, Qualcomm Technologies Inc and Green Packet Berhad among others.

The advent of IoT, Industrial 4.0, coupled with increasing technological and automation investments, are demanding more efficient networks. Technologies that address these needs, including asset monitoring, security, transportation, etc., are driving the market for next-generation communication, such as 5G, Li-Fi, wireless sensors network (WSN), etc. driving the for next-generation communication devices market.

  • Technolgies such as Visible Light Communication(VLC)/Li-Fi technology enables data transmission via light rather than radio waves at high-speeds through small adjustments in the intensity. The result is a high-speed Internet connection that is more secure, reliable, and able to deliver bandwidth far beyond the capabilities of conventional wireless communications such as Wi-Fi. Thereby, they have huge potential in applications such as military where security and reliability are paramount to their importance. However, the market for Li-Fi is currently in the nascent stage with very few publicly listed companies investing in the technology, with startups are making their way into the market.
  • The substantial investments in the industry are expected to develop new sensor technologies, and upgrading existing infrastructure to support IoT and automation have been the primary trends impacting the industry on a global scale.
  • Industries, such as oil and gas, waste management, and automotive manufacturing, are the major end-users of industrial WSNs. However, smaller industries, such as the cold storage, are likely to adopt WSNs for enhanced productivity and expected to generate a high demand for WSNs during the forecast period. This is expected to influence the market over the forecast period.
  • Overall, the market for next-generation communication depends on infrastructural investments and use cases, which have started accelerating in recent years. Over the forecast period, these technologies are expected to revolutionize communication and led by companies, such as Cisco, Huawei, Ericsson, etc., with the support of telecom providers.
  • The year 2020 was predicted to be the year when 5G goes mainstream. Yet, due to the spread of novel coronavirus, 5G rollout in several markets will be delayed further, and its services will be the hardest hit. However, according to ASSIA Inc., there is an 80% increase in PC/phone upload traffic since the beginning of March in the United States, with webcams, laptops, and PCs running video streams all the time. Wi-Fi networks are uploading huge data amounts of data, and a lot of teleconferencing, online education, and even telemedicine applications are not working properly due to network problems. In such instances of high network demand, the prevailing situation of the COVID-19 outbreak could fuel the market’s growth.

Scope of the Report

The next-generation communication technologies refer to convergence infrastructure capable of offering a multitude of services, such as video, data, and voice, at a higher speed than conventional communication technologies. The market scope is limited to the infrastructure-enabling network technologies, such as 5G, Li-Fi, and wireless sensor networks.

Key Market Trends

5G Technology is Expected to Hold a Significant Share

  • The growing mobile data traffic is augmenting the market’s growth positively. According to the Cisco Visual Networking Index (VNI) Global Mobile Data Traffic Forecast, Mobile data traffic is expected to witness a CAGR of 46% from 2017 to 2022, reaching 77.5 exabytes per month by 2022. Additionally, Cisco’s study also states that by 2022, a 5G connection will generate 2.6 times more traffic than the average 4G connection. By the deployment of the 5G, the rising data usage will meet the efficient network quality required.
  • With the increasing demand for networks, companies are creating new approaches to 5G deployments. They have the potential to make small cells more affordable and attractive for both MNOs and vertical enterprises. Additionally, NFV and SDNs are the simplified and virtualized network options providing building blocks for enhanced capabilities through function centralization.
  • In today’s environment, small cells are required for the applications in need of increased bandwidth as well as the increasing number of connected devices. For instance, According to Cisco Systems Inc., 500 billion devices are expected to be connected to the internet by 2030. Moreover, 5G telecom operators are focused on deploying small cell under low-frequency band for offering enhanced bandwidth services to the customer.
  • Additionally, the evolution of RAN for 5G is expected to have a huge impact on wireless technologies, including enabling Mobile Edge Computing (MEC) and network slicing. These RANs of the future will also contribute to the lower latency that would make 5G powerful. Various partnerships are being witnessed in this domain. For instance, in June 2020, Ericsson announced that it was the preferred vendor for 5G by Canadian telco, Bell. Ericsson will supply kit for the Radio Access Network (RAN) of Bell’s non-standalone 5G network.

North America to Account for a Major Share

  • As per Ericsson, North America is expected to lead the 5G mobile technology with major operators stating their intentions to deploy 5G. By 2023, around 50% of all mobile subscriptions in the region are forecasted for 5G. The US federal government is also planning to build a centralized 5G wireless network across the country by 2021.
  • With the increasing 5G network rollouts, smartphone OEMs and telecom players in the region are rapidly gearing toward the shift. Smartphone component vendors such as Qualcomm Technolgies Inc are developing 5G modem chipsets in combination with service providers. For instance, In June 2020, the company launched the new Snapdragon 690, the first 5G – enabled mobile platform in the Snapdragon 6 series
  • Moreover, the surge in demand for advanced technologies, such as machine-to-machine communication, connected cars, and AI, is highest in the region as compared to others. Hence it is anticipated to offer ample opportunities for next-generation communication devices market.
  • The region is also considered one of the most prominent markets for VLC technology, due to increasing R&D investments in this technology. In 2018, Space and Naval Warfare Systems Command (SPAWAR) of the United States worked with the John Hopkins University Applied Physics Laboratory to evaluate the visible light communication technology, Li-Fi.

Competitive Landscape

The next-generation communication devices market is competitive and consists of several major players. Many companies are increasing their market presence by introducing new products, expanding their operations, entering into strategic partnerships, etc.

  • February 2020: Qualcomm Technologies Inc. partnered with Corning Inc to develop 5G mmWave infrastructure systems for enterprises and public venues and accelerate inbuilding 5G deployment. The 5G systems are designed to combine Qualcomm’s 5G and mmWave technology expertise with Corning’s small cell expertise to deliver affordable and easy-to-install 5G-ready indoor networks.
  • February 2019: Marvell Technology Group Ltd and Samsung corporation announced the expansion of their strategic partnership for 5G global infrastructure. Both companies are collaborating on the development and launch of multiple generations of radio and control plane processors for LTE and 5G NR.

The base year for calculation in this Next Generation Communication Technologies Market business report is taken as 2020 while the historic year is 2019 which will tell how the market will perform in the forecast years by informing what the market definition, classifications, applications, & engagements are. This Next Generation Communication Technologies Market  report is also all-embracing of the data which covers market definition, classifications, applications, engagements, market drivers & market restraints that are based on the SWOT analysis. A large scale Next Generation Communication Technologies Market report is a comprehensive study about the market which tells about the market status in the forecast period of 2021-2027.

What Porter’s Five Forces of Competitive Analysis Provides?

Competitive rivalry:- The main driver is the number and capability of competitors in the market. Many competitors, offering undifferentiated products and services, will reduce market attractiveness.

Threat of substitution:-  Where close substitute products exist in a market, it increases the likelihood of customers switching to alternatives in response to price increases. This reduces both the power of suppliers and the attractiveness of the market.

Threat of new entry:- Profitable markets attract new entrants, which erodes profitability. Unless incumbents have strong and durable barriers to entry, for example, patents, economies of scale, capital requirements or government policies, then profitability will decline to a competitive rate.

Supplier power:- An assessment of how easy it is for suppliers to drive up prices. This is driven by the: number of suppliers of each essential input; uniqueness of their product or service; relative size and strength of the supplier; and cost of switching from one supplier to another.

Buyer power:- An assessment of how easy it is for buyers to drive prices down. This is driven by the: number of buyers in the market; importance of each individual buyer to the organisation; and cost to the buyer of switching from one supplier to another. If a business has just a few powerful buyers, they are often able to dictate terms.

Five forces analysis helps organizations to understand the factors affecting profitability in a specific industry, and can help to inform decisions relating to: whether to enter a specific industry; whether to increase capacity in a specific industry; and developing competitive strategies.

The country section of the report also provides individual market impacting factors & changes in regulation in the market domestically that impacts the current & future trends of the market. Data points such as consumption volumes, production sites & volumes, import export analysis, price trend analysis, cost of raw materials, down-stream & upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence & availability of global brands & their challenges faced due to large or scarce competition from local & domestic brands, impact of domestic tariffs & trade routes are considered while providing forecast analysis of the country data.

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