Industry Background:
Ultra reliable low latency communications has been introduced in 5G new radio for new applications that have strict reliability and latency needs such as augmented or virtual reality, industrial automation and autonomous vehicles. It provides ultra-high network reliability of more than 99.999% and very low latency for packet transmission.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | ABB Ltd. (Switzerland), Telstra (Australia), Huawei (China), AT&T (United States), Nokia (United States), Qualcomm (United States), Intel (United States), NTT DoCoMo (Japan), Ericsson (Sweden) and Verizon Communications (United States) |
This growth is primarily driven by Surging Penetration of Smart Factories.
Globally, a noticeable market trend is evident Popularity of 5G Ultra-Reliable Low Latency Communications Major Players, such as ABB Ltd. (Switzerland), Telstra (Australia), Huawei (China), AT&T (United States), Nokia (United States), Qualcomm (United States), Intel (United States), NTT DoCoMo (Japan), Ericsson (Sweden) and Verizon Communications (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Global Ultra Reliable Low Latency Communications (URLLC) is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
25th October 2021, Ericsson has launched Time-Critical Communication for real-time 5G experiences. The new toolbox will deliver consistent low latency and high reliability in 5G networks. It can be easily deployed on public and private networks on any 5G frequency band.
Influencing Trend:
Popularity of 5G Ultra-Reliable Low Latency Communications
Market Growth Drivers:
Surging Penetration of Smart Factories
Restraints:
Government Restrictions on Deployment of 5G
Opportunities:
Increasing Adoption of Wireless Machine to Machine Communication Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Ultra Reliable Low Latency Communications (URLLC) Market
- Analysis about New Entrants in Ultra Reliable Low Latency Communications (URLLC) Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Ultra Reliable Low Latency Communications (URLLC) Study Sheds Light on
The Ultra Reliable Low Latency Communications (URLLC) Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ultra Reliable Low Latency Communications (URLLC) industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ultra Reliable Low Latency Communications (URLLC) industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.