Kenneth Research published a report on China 5G Market which gives detailed analysis of the present market landscape. The report which is evaluated for the forecast period, i.e., 2022-2031, provides an in-depth analysis of the market, based on size, volume, latest trends, opportunities and challenges associated.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for China 5G Market Products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
China 5G Market
The fifth generation of mobile technology (5G technology) is expected to cater to the demand and provide the business frameworks needed by and beyond 2020. In addition to driving a connected society, 5G wireless technology will bring about socio-economic transformations through productivity, sustainability and well-being. Mobile 5G seems to be the next big thing in the global digital connectivity ecosystem. The China 5G market is anticipated to show a triple-digit growth rate because it is already leading the smartphone market.
Commercialization of 5G services is expected across China by 2019, and commercial deployments of 5G are also planned by 2020. 5G networks are likely to enhance mobile broadband services, support ultra HD videos, and launch augmented reality (AR), and virtual reality (VR) application. China is expected to be the market leader in VR owing to its early adoption, providing its customers with a supplement experience of 4G networks at its initial phase.
The China 5G market is classified into SIM cellular connections and SIM M2M cellular connections. These are further divided into data per user, and 5G data traffic for each category In China SIM cellular connections hold the majority of the market share, whereas SIM M2M cellular connections are anticipated to grow at an increasing rate.
China is expected to hold a significant market share and it is expected to exceed 400 Mn connections by 2025. This may be because of large economies of scale that will reduce the price of 5G devices. Companies like China Telecom, and China Unicom are aggressively trying to capture market share by transferring subsidies from 4G to 5G.
Key growth factors
o The major growth factors of the China 5G market are continuous evolution towards enhanced bandwidth, lower latency, enhanced security and openness of mobile networks
o Rapid Population Penetration: Considering the growing global smartphone and mobile internet adoption, mobile internet penetration in China is said to have doubled over the last five years, reaching just less than half of the population by the end of 2016. This implies that the future scope is immense considering the present scenario
Threats and key players
o The region faces growth challenges, such as regulatory pressures, and new operator launches
o As China is an early adopter of 5G networks, it is likely to face the challenge of less matured devices, which might limit the adoption of 5G
o The key players in this market are China Mobile, China Telecom, and China Unicom
What’s covered in the report?
1. Overview of the China 5G market
2. The forecasted market size data of the China 5G market
3. The forecasted market size for the segments of SIM cellular connections and SIM M2M cellular connections, and each segment’s data usage (GB/month) and data traffic (EB/year)
4. The forecasted market size by application: Internet of Things, Robotics & Automation, Virtual Reality, others
5. Market trends in the China 5G market
6. Market drivers and challenges of the China 5G market
7. Analysis of company profiles of the major players operating in the market
1. Get a broad understanding of the China 5G market and its segments based on applications
2. Get region-specific drivers and challenges affecting the China 5G market
3. Recognize significant competitors’ business and market dynamics, and respond accordingly
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The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of China 5G Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Playes
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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