A 5G modem is a device that enables a device (such as a smartphone, tablet, or computer) to connect to a 5G network, allowing the device to access high-speed mobile internet connectivity. 5G modems typically contain a modem modems and radio transceiver, allowing them to transmit and receive data over the airwaves. 5G modems are typically faster and more capable than their 4G counterparts, enabling higher data speeds and lower latency.
According to a new report published by Allied Market Research, the 5g modems market was valued at $845.29 million in 2021, and is estimated to reach $10.8 billion by 2031, growing at a CAGR of 29.1% from 2022 to 2031.
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5G modems have numerous applications across various industries. Some of the applications of 5G modems are:
Smart Homes: 5G modems can be used to connect and control smart home devices. With its high speed and low latency, 5G can enable real-time response for devices such as security cameras, smart thermostats, and smart locks.
Autonomous Vehicles: 5G modems can be used to enable communication between autonomous vehicles and other vehicles on the road, as well as with traffic signals and infrastructure. This can help improve safety and traffic flow.
Healthcare: 5G modems can be used to enable remote healthcare services, such as telemedicine and remote monitoring of patients. With its high speed and low latency, 5G can enable real-time video consultations and remote diagnostic capabilities.
Industrial Automation: 5G modems can be used to enable real-time communication between industrial equipment and machines. This can help improve efficiency, reduce downtime, and enable predictive maintenance.
Gaming: 5G modems can be used to enable cloud gaming and real-time multiplayer games. With its high speed and low latency, 5G can enable seamless gameplay with low lag times.
Augmented and virtual reality: 5G modems can be used to enable high-quality augmented and virtual reality experiences. With its high speed and low latency, 5G can enable real-time rendering and low latency for immersive experiences.
Retail: 5G modems can be used to enable augmented reality shopping experiences and real-time inventory management. This can help improve customer engagement and reduce costs.
These are just a few examples of the many applications of 5G modems. As 5G technology continues to develop and expand, we can expect to see even more innovative use cases in the future.
According to the 5G modems market analysis, growth of mobile broadband connectivity and rapid adoption of IoT devices including 5g modem router, 5g wifi modem and others are some factors contributing to the 5G modems market growth. Moreover, increase in investments by telecom service providers into wireless infrastructure & services for meeting surge in demand for bandwidth drives the growth of the industry.
5G Modems Market Report Highlights
| Aspects | Details |
|---|---|
| Market Size By 2031 | USD 10.8 billion |
| Growth Rate | CAGR of 29.1% |
| Forecast period | 2021 - 2031 |
| Report Pages | 277 |
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| Key Market Players | Xilinx, Huawei Technologies Co., Ltd., Spreadtrum Communications, Qorvo, Inc., Samsung Electronics Co Ltd, MediaTek Inc, Infineon Technologies AG, Intel Corporation, Nokia Corporation, Qualcomm Technologies |
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