Next Generation Communication Technologies Market - Forecast(2024 - 2030)

Next Generation Communication Technologies Market Overview

Next Generation Communication Technologies Market reached a value of $84.5 billion in 2021, growing at a CAGR of 23.2% during the forecast period 2022-2027.?Currently, copper is gradually being replaced by fiber in the local loop, whereas packet-based technology using the Internet Protocol is substituting existing circuit-based switching technologies. However, this migration towards Next Generation Communication Technologies will change the network topology which potentially comprises of several structural changes including the reorganization of core network nodes and also the changes in the number of network hierarchy levels. Technological innovation, stimulated through digitalization, has been a major factor in driving the demand growth of the communications market. These innovations such as optical fibre, Internet of Things, Wearable Technology and wireless sensor networks are reducing costs and simultaneously enhancing the competence of networks to support new services and applications. Eventually, Wireless communication technology has become a major economic and social infrastructure in all the concerned end use sectors. As per GSMA, connected car market size is forecast to reach $198 bn by 2025. With the continued roll-out of 5G, the connected car is set to become a software-defined, network-aware, big data absed ultra-connected car that will transmit data and “interact”?with?the road and every other vehicle?around it.?This network infrastructure supports each and every economic sector and is crucial for the national and international exchange of goods and services. It also acts as a main catalyst for changing economic interrelationships by promoting rapid technological changes and the proliferation of a range of new services.

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Report Coverage

The report:?“Next Generation Communication Technologies Market – Forecast (2022-2027)”,?by IndustryARC covers an in-depth analysis of the following segments of the Next Generation Communication Technologies Market Report.

By Type – Wireless Communication (5G, LTE, Wi-Fi, BLE, Wimax, Zigbee, Wireless Sensor Network, WirelessHART and Others), Wired Communication (Internal Communication, External Communication) By End Use Industry - Telecom, Consumer Electronics, Military, Security and Surveillance, Enterprise Application, Automotive and Healthcare By Geography -?North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Australia and Others), South America (Brazil, Argentina and others) and RoW (Middle East and Africa).

Key Takeaways

• The network operators have been traditionally dependent on voice-pricing model for creating healthy margins. But the shift to Next Generation Networks pose a challenge to current voice-price model. Historically, voice call have been billed based on call duration and distance but the shift to IP based NGN will make these parameters irrelevant as IP based packages do no follow a fixed route. The bandwidth over which the calls will be made, share it with other services, and thereby utilizing a small fraction of network.
• If prices are judged on the basis of bandwidth with distance becoming obsolete, the voice call will offer a significant constraint to the operator’s revenue. Thus, next generation communication present a double-edged sword for the network operators, that if not regulated properly could deprive them of the revenues.
• As the next generation communication projects to have notable demand in the near future, the economic regulation through policy implementation is the most prominent challenge for the industry. Convergence, services characteristics and boundaries are all facets of next generation communication that require regulatory framework to create a process of healthy competition in the market and remove the further obstacles for maintaining the incentives to investments amidst the competitive market.

Next Generation Communication Technologies Market, By Industry, 2021 (%)

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Next Generation Communication Technologies Market Segment Analysis- By Type

Wireless Communication Technologies accounted for 66.4% share in 2021 and is projected to grow at 30.2% CAGR through 2027. 5G in manufacturing industry brings speed, efficiency and new capabilities through data-driven processes leveraging Internet of Things (IoT) devices, robotics and cloud, mobile broadband through 5G networks, edge and quantum computing, artificial intelligence and so on. Mission and business-critical manufacturing use cases require low latency, high performance and high reliability that only 5G can provide. As the 5G networks are set to transmit data 20 times faster than 4G, the factory floor will not only be more automated and operationally efficient but also more data-driven, utilizing contextual information to complete tasks and make decisions. The growth is mainly attributed to rising adoption of 5G powered asset tracking and management, which enables business organizations to capture and analyze historical and real-time operational and asset data as a part of improving asset performance and mission critical decision making in core business operations.

Next Generation Communication Technologies Market Segment Analysis- By End Use Industry

Telecom sector is the major industry for Next Generation Communication Technologies accounting for 30.2% share in 2021. Over the past few years the landscape of communication has also changed drastically with the inclusion of machine to machine communications. Machines and devices such as sensors, actuators and smart meters need to communicate with each other without any human intervention. The concept of remote monitoring and M2M communication has increased the need for better communication infrastructures. Next generation communication market is estimated to witness fastest growth in the military and security & surveillance end use industries. Telecom industry held the major share in the global market and is projected to hold its dominance till 2021. Due to the growing competition service providers have shifted their focus from technology infrastructure to value added services and delivery of superior customer experience. Over the past few years telecommunication industry has been among the most important drivers for overall industry investments’

Next Generation Communication Technologies Market Segment Analysis- By Geography

APAC is the fastest growing region with a CAGR of 29.9% through 2027. The growth of the connected car market with services such as real time navigation, telematics and smart device enabled content has led to increasing utilization of latest communication technologies such as 4G, Wi-fi 802.11ac and Bluetooth 4.2. There were projected to be more than 120 million vehicles which utilize connectivity in some form in 2020, accounting for nearly 48% of the market, with more than a third being active users of connectivity and the remaining built on connectivity platforms and features. Of these 120 million vehicles, more than a third will utilize next generation communications, particularly 4G LTE. The rising penetration of 4G services in the telecom sector owing to significant growth of the internet of things market has led to growth of this market. 4G technology is the major proponent of this growth but other technologies such as wireless sensor network and Bluetooth 4.2. The improved privacy and increased speed offered by Bluetooth 4.2 has resulted in significant growth in adoption, particularly in the IoT market.

Next Generation Communication Technologies Market Drivers

Development of Connected Vehicles

Connected cars is one of the emerging trend where Next Generation Communication Technologies are gaining the popularity from the recent past. Google, Inc. and some other leading companies are partnering and collaborating with the automotive companies for the development of these connected vehicles which have been providing new opportunities for the market growth. The automotive infotainment market is experiencing an extraordinary acceleration in the rate of change of technologies and user expectations. Recent publications states that, close to 50% of the world’s vehicles are connected to the internet in 2020 and is projected to increase in the further decade. The automotive?Next Generation Communication Technologies Market?has reached full maturity. In the coming years, In-Vehicle Systems (IVS) and smartphone apps with pre-installed and self-updating maps are projected to replace these Next Generation Communication Technologies. In the coming future, automotive manufacturers are anticipated to take advantage of IVS to provide value added services, such as connected and autonomous vehicles and other safety-critical applications to sustain in completive environment which is projected to boost the market growth over the forecast period.

Increased proliferation of technologies like predictive maintenance, data analytics, digital twins and others in manufacturing sector has been considered as the key factor driving 5G

The technical advantages of 5G IoT open up possibilities for smart manufacturing. 5G offers mass additional capacity to provide high speed services and connect substantial numbers of devices. However, lower latency is a key differentiator that sets 5G apart from existing wireless connectivity solutions, and opens the pathway to truly deterministic levels of control for manufacturers and thus, 5G is emerging as a key connectivity solution in industry 4.0 applications. Ericsson stated that by 2030 there will be 4.7 billion wireless modules across smart manufacturing floors, with a value of over US$ 1 trillion. The use cases that 5G can enable are broadly split between improving factory efficiency and product build and quality. ABI estimates that across all manufacturing use cases, the introduction of cellular IoT to the factory floor will result in 8.5% operational cost savings, with a return on investment of over 9x over 5 years for some use cases. As manufacturers are bolstering the adoption of digitalization with an aim to curb rising costs and improve ROI, Industrial Internet of Things (IIoT) promises new process efficiencies and cutting-edge technological advancements that is set to increase profitability and shop floor productivity. As per IndustryARC research, the industrial IoT market size is forecast to reach $238 billion by 2026, growing at a CAGR 16.07%. 5G’s high capacity, wireless flexibility and low-latency performance?accelerates the shift from legacy systems to connected technologies, ushering in smart factories of the future. 5G is set to provide last-mile connectivity by providing the speed, reliability, capacity and mobility that manufacturers require for successful IoT implementation. There is a need for ultra-low-power, and ultra-low-cost communication platforms to drive the creation of new value-added services, and optimization driven by real-time data, collected during the complete lifetime of a product, and such factors are driving the market growth forward.

Next Generation Communication Technologies Market Challenges

High infrastructure cost related with 5G deployment and coverage are impeding the growth of the market

5G offers a significant increase in speed and bandwidth, but its more limited range requires further infrastructure. 5G antennas and base stations are smaller in the 5G era, but more of them would have to be installed on buildings or homes to compensate for their shorter range. Cities need to install extra repeaters to spread out the waves and extend range, while also maintaining consistent speeds in more densely populated areas, and thus, deployment of additional infrastructure requires high cost, which in turn create a negative impact on the growth of the market. As per an article published by Technology Assistant 1, A small tower and 5G?cell site costs $30,000–$50,000 and due to such high costs small and medium enterprises are not opting for 5G. Investments needed in key components for a 5G network coverage, includes spectrum, sites and fibre. In 2020, the cumulative costs of deploying 5G enhanced mobile broadband (eMBB) in the United Kingdom (UK) reached around?2.7 billion euros. According to Statista 2, cumulative costs in the UK would reach around 11 billion euros by 2025.

Next Generation Communication Technologies Industry Outlook

Acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Next Generation Communication Technologies Market. Next Generation Communication Technologies top 10 companies include

1. AT&T Inc.
2. Verizon
3. Huawei Technologies Co., Ltd.
4. Nokia
5. Qualcomm
6. Ericsson
7. NTT DoCoMo
8. SK Telecom
9. ZTE Corp.
10. Samsung

Recent Developments

• In November 2021, SK Telecom announced partnership with Ericsson to support?5G?Standalone networks through the deployment of cloud-native dual-mode 5G Core on its Cloud Native Infrastructure (CNIS) in Korea
• In February 2022, Deutsche Telekom and TMobile?announced about the launch of T-IoT, a disruptive new IoT solution leveraging 5G IoT cellular connectivity, designed to simplify global IoT connectivity for enterprises.
• In January 2022, Telefonica announced about its partnership with Spanish engineering services company Grupo álava, to launch a predictive analytics solution for the Industry 4.0 market that also leverages private 5G, cloud and edge computing, and big-data ‘AI’ analytics.
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