The 5G market includes the sub-6 GHz (3.5-7 GHz) and millimetre wave (mmWave, >24 GHz) bands. As the market continues to explore the full potential of 5G reports forecast that by the end of 2033, the revenue generated by consumer mobile services will be USD$ 840 billion.
This is based on the revenue, subscriptions, and infrastructure of five global regions (US, China, Korea & Japan, Europe, and others). It takes into account the 5G global mobile shipment, 5G global fixed wireless access revenue & customer promised equipment (CPE) shipment, and 5G critical components such as power amplifiers.
Challenges such as low loss materials, power amplifiers, filter technologies, radio frequency modules and phased array antenna modules continue to exist.
