According to the research report titled ‘Global LTE and 5G Broadcast Market Size study, By Technology (LTE, 5G), By End-Use (Video on Demand, Fixed LTE Quadruple Play, e-Newspapers and e-Magazines, Last Mile CDN, Emergency Alerts, Radio, Mobile TV, Connected Cars, Stadiums, Data Feeds & Notifications, Others), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global LTE and 5G broadcast market is anticipated to expand at modest rate through 2028.

Report findings suggests that increasing smartphone adoption, rising connectivity requirements for a wide range of devices with emergence of Internet of Things, as well as soaring demand for seamless mobile data services and on-demand content are the growth determinants for global LTE and 5G broadcast market.

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For the uninitiated, the long-term evolution (LTE), which is primarily based on the GSM/EDGE and UMTS/HSPA standards, is a wireless broadband communication technology for data terminals and mobile devices. The wireless standard known as 5G, or fifth generation, enables the networking and communication of devices such as connected cars, homes, and offices.

Furthermore, preference for reliable, high-quality public safety communication systems, rising number of smartphone subscriptions, and increasing pressure to relieve network capacity congestion are expected to bolster industry expansion in the coming years.

However, lack of skilled workers, along with compatibility issues with 5G broadcast and reception equipment may hamper worldwide LTE and 5G broadcast market trends over the analysis timeframe.

From regional frame of reference, North America industry holds major revenue share at present, owing to increasing R&D spending, introduction of novel technologies, and expanding presence of the leading players in the region.

Whereas Asia Pacific market is slated to expand at a healthy CAGR over the analysis timeframe, on the back of strong economic growth, rising internet usage, and increasing demand for in-car connectivity.

On the competitive front, Rohde Y& Schwarz GmbH & Co. KG, ENENSYS Technologies S.A., NEC Corporation, Nokia Corporation, ZTE Corporation, Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., and Qualcomm Technologies, Inc. are the leading players in global LTE and 5G broadcast market.