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Next Generation Communication Devices Market Forecast [2030]
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Next Generation Communication Devices Market Forecast [2030]

Segments - Next-generation Communication Devices Market by Technologies (5G, Visible Light Communications/Li-Fi, Wireless Sensor Networks (WSN), and Others), End-users (Manufacturing, Military & Defense, Automotive, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-3369 | 4.3 Rating | 67 Reviews | 198 Pages | Format : PDF Excel PPT

Report Description


The global next-generation communication devices market size is anticipated to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing technological and automation investments.

Next-generation communication technologies refer to the improvement and development of communication technology to high network speed. They are providing lot of services such as data and video and voice solutions at higher speed as compared to the normal communication technologies.

Next Generation Communication Devices Market Outlook

High speed communication technology is important in any organization or industry and even for personal usage. They are used in different applications such as automotive & automation, aerospace and defense, smart grid, healthcare, consumer electronics, and telecommunication industries.

The COVID-19 pandemic positively impacted on the next generation communication technologies due to online education and the trends of work from home that led to a mixed requirement for next generation wireless communication which includes Bluetooth, WI-Fi, 5G, 4G LTE, 3G, WiMAX, digital TV broadcasting, and wireless LAN.

  • Rising rapid penetration of mobile Internet is projected to drive the market growth during the forecast period.
  • Growing connected cars and evolving smart home market is expected to boost the market growth in the coming years.
  • Increasing demand for high data performance and easy access to high-quality videos is projected to drive the market growth during the forecast period.
  • Rising public-private partnerships for next-generation network developments is anticipated to drive the market.
  • Growing demand for faster connectivity planning is expected to spur the market growth.
  • Increasing demand for high-speed data transfer and high responsive network is projected to drive the market growth during the forecast period.
  • Rising number of smartphone users is expected to boost the market growth in the coming years.
  • High cost of infrastructure and development is estimated to restrict the market growth.
  • Lack of communication standards coupled with improved power consumption which sparks different environmental issues are major factors restraining the market growth in the coming years.
  • Rapid globalization has enhanced interaction levels and next-generation communications, which is anticipated to create significant opportunities for the market players.

Scope of Next-generation Communication Devices Market Report

The report on the global next-generation communication devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Next-generation Communication Devices Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (5G, Visible Light Communications /Li-Fi, Wireless Sensor Networks (WSN), and Others) and End-users (Manufacturing, Military & Defense, Automotive, and Others)

Regions

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cisco Systems Inc.; Huawai Technologies Co. Ltd.; Netgear Inc.; Telefonaktiebolaget Lm Ericsson; and Koninklijke Philips NV

Next-generation Communication Devices Market Segment Insights

Technologies Segment Analysis

Based on technologies, the market is divided into 5G, visible light communications / Li-Fi, wireless sensor networks (WSN), and others.

The 5G segment is anticipated to hold a key share of the market in the coming years due its ability to handle huge mobile data traffic volume and large number of connected devices, along with long network lifetime, with improved quality of services, such as high-transmission rate with low delay.

However, the wireless sensor networks (WSN) segment is anticipated to expand at a rapid pace during the forecast period owing to flexibility and scalability.

Next Generation Communication Devices Market Technologies

End-Users Segment Analysis

On the basis of end-users, the market is divided into manufacturing, military & defense, automotive, and others. The military & defense segment is expected to represent a major share of the market in the coming years, as it used to communicate among war fighters and security reasons during drills or in theater.

On the other hand, the automotive segment is anticipated to expand at a rapid pace during the forecast period owing to advanced safety features to reduce the chances of an accident.

Next Generation Communication Devices Market End Users

Regional Segment Analysis

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to increase demand for advanced technologies, such as machine-to-machine communication, connected cars, and AI.

However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. Emerging countries such as India and China play an integral role in advanced technologies such as the Internet of Things (IoT) and machine-to-machine communication (M2M), and other sectors such as smart cities, as well as in industrial automation.

Next Generation Communication Devices Market Region

Segments

The global next-generation communication devices market has been segmented on the basis of

Technologies

  • 5G
  • Visible Light Communications / Li-Fi
  • Wireless Sensor Networks (WSN)
  • Others

End-users

  • Manufacturing
  • Military & Defense
  • Automotive
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the next-generation communication devices market includes Cisco Systems Inc.; Huawai Technologies Co. Ltd.; Netgear Inc.; Telefonaktiebolaget Lm Ericsson; and Koninklijke Philips NV. 

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

Next Generation Communication Devices Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Next-generation Communication Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Next-generation Communication Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Next-generation Communication Devices Market - Supply Chain
  4.5. Global Next-generation Communication Devices Market Forecast
     4.5.1. Next-generation Communication Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Next-generation Communication Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Next-generation Communication Devices Market Absolute $ Opportunity
5. Global Next-generation Communication Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Next-generation Communication Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Next-generation Communication Devices Demand Share Forecast, 2019-2026
6. North America Next-generation Communication Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Next-generation Communication Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Next-generation Communication Devices Demand Share Forecast, 2019-2026
7. Latin America Next-generation Communication Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Next-generation Communication Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Next-generation Communication Devices Demand Share Forecast, 2019-2026
8. Europe Next-generation Communication Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Next-generation Communication Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Next-generation Communication Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Next-generation Communication Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Next-generation Communication Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Next-generation Communication Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Next-generation Communication Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Next-generation Communication Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Next-generation Communication Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Next-generation Communication Devices Market: Market Share Analysis
  11.2. Next-generation Communication Devices Distributors and Customers
  11.3. Next-generation Communication Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cisco Systems Inc.
     11.4.2. Huawai Technologies Co. Ltd.
     11.4.3. Netgear Inc.
     11.4.4. Telefonaktiebolaget Lm Ericsson
     11.4.5. Koninklijke Philips NV

Methodology

Our Clients

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