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February 23, 2017

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5G market seen worth US$984b

THE next-generation, or 5G, mobile communications services will create a market valued at US$984 billion and provide 9.5 million new jobs in China by 2035, industry officials said yesterday.

China Mobile, ZTE and Qualcomm yesterday announced the start of outdoor 5G testing in China from the second half of 2017 to pave the way for commercial use of 5G between 2018 and 2020.

By 2020, the United States and China will lead 5G investment and development in the world.

In China, the 5G network and services are expected to create a market of US$984 billion and 9.5 million new jobs, said research firm IHS Markit.

The new 5G technology offers consumers a bandwidth of above 1 gigabytes per second, 20-50 times faster than current 4G networks. The new technology is expected to boast a bandwidth of 20Gbps.

The 5G is the “future of connection” as it will be adopted in smart manufacturing, Internet-based cloud service, intelligent driving and drone sectors, said Qualcomm, the world’s biggest smartphone chip designer.



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