Rollout of 5G Networks
According to Fact.MR, the global low-loss materials for 5G market is estimated at US$ 13.9 million in 2022 and is expected to expand at an astonishing CAGR of 25.4% during the forecast period of 2022-2032. The market is anticipated to grow due to the remarkable use case and higher transmission efficiency provided by these materials.
5G technology is not just an experience of streaming high-quality videos at a high downloading speed on mobile devices. It also helps in enabling global connection between devices used in various industries, from automotive to remote monitoring using robots. Based on emerging applications, 5G is one of the rapidly growing markets expected to reach US$ 720 billion by 2030.
The 5G technology revolution highly depends on high frequency-based (mmWave 5G) technology. At this high level of frequency, many devices and technologies deployed are facing challenges such as significant transmission loss, requirement of high power, and higher heat generation. Because of high data transfer speeds, reducing the loss of signal and data during transmission is desirable even at sub 6GHZ 5G.
Usage of 5G mobile devices is continuously rising pertaining to the rapid deployment of 5G networks across the world. Low-loss materials are required to prevent poor signals and prevent transmission loss issues at high-frequency levels, as even the slightest obstacle such as walls, trees, and vehicles cause a disturbance. Thereby, the need for low-loss materials such as PTFE, ceramics, glasses, PPE, etc., will increase rapidly to reduce/prevent the loss of signal and transmission, and reduce the requirement of an exceptionally higher number of repeater devices.
Key Takeaways from Market Study on Rollout of 5G Networks
· The global low-loss materials for 5G market is anticipated to surge ahead at CAGR of 25.4% and reach US$ 133.6 million by 2032.
· The market witnessed 17.7% CAGR from 2017 to 2021.
· Under frequency, mmWave 5G dominates the market and is valued at US$ 9.2 million in 2022.
· East Asia dominated the market with 34.5% market share in 2021.
· Demand from smartphones, under the end-use segment, is likely to represent 32.4% market share in 2022.
“Organic low-loss materials for 5G are expected to reflect attractive near-term opportunities for market players,” says a Fact.MR analyst.
The business environment in the low-loss materials for 5G market continues to reflect high growth in the industry. To sustain for a long term in the market, prominent manufacturers are using strategies such as supply contracts, research and development, etc.
Furthermore, manufacturers are making continuous efforts to expand their customer base by entering into growing 5G markets and regions. Also, market players are concentrating on diversifying their product offerings by developing new products to offer the smart and latest materials.
These insights are based on a report on Low-loss Materials for 5G Market by Fact.MR.