Key Takeaways
- Global mobile subscribers reached 5.6 billion in 2023, representing 68.6% of the world's population.
- India had 1.15 billion wireless subscribers as of March 2024.
- China Mobile had 999 million mobile subscribers in Q4 2023.
- In 2023, 5G connections globally grew by 59% year-over-year to 1.76 billion.
- 5G Standalone (SA) deployments reached 450 operators worldwide by Q1 2024.
- mmWave 5G spectrum auctions generated $80 billion globally since 2019.
- Wireless telecom revenue in the US was $264.3 billion in 2022.
- Verizon's wireless service revenue grew 2.5% to $52.1 billion in 2023.
- AT&T's wireless revenue increased 3.2% to $58.5 billion in 2023.
- Worldwide telecom capex reached $300 billion in 2023, with wireless accounting for 70%.
- Global 5G infrastructure spending hit $50 billion in 2023.
- T-Mobile US invested $17 billion in network capex in 2023.
- The global wireless market is expected to grow at a CAGR of 4.5% from 2023 to 2030, reaching $2.1 trillion.
- Asia-Pacific wireless telecom market size was $450 billion in 2023.
- European wireless market grew 2.1% to €180 billion in 2023.
The global wireless industry is expanding rapidly with massive 5G investments fueling substantial revenue growth.
Infrastructure and Investments
- Worldwide telecom capex reached $300 billion in 2023, with wireless accounting for 70%.
- Global 5G infrastructure spending hit $50 billion in 2023.
- T-Mobile US invested $17 billion in network capex in 2023.
- Nokia's wireless equipment orders reached €21 billion in 2023.
- Ericsson invested SEK 40 billion in R&D for wireless tech in 2023.
- Huawei supplied 30% of global 5G base stations by end-2023.
- Global RAN capex for wireless grew 10% to $85 billion in 2023.
- ZTE's wireless revenue hit CNY 130 billion in 2023.
- Samsung supplied 20% of 5G RAN equipment in 2023.
- Global fiber backhaul for wireless cost $20 billion in 2023.
- China Unicom capex CNY 110 billion for wireless in 2023.
- Global small cell deployments 5 million units by 2023.
- 5G Massive MIMO sites 2 million globally in 2023.
- Global DAS market $8.5 billion for wireless in 2023.
- Global tower market capex $15 billion in 2023.
- Global C-RAN spending $12 billion in 2023.
- Private 5G networks 1,500 deployed worldwide 2023.
- Global mmWave backhaul $2.5 billion market 2023.
- Global edge computing for wireless $6 billion 2023.
- Global 5G smartphone shipments 620 million units 2023.
- MEC deployments for wireless latency 200 sites.
- Wireless network virtualization 40% adoption in RAN.
- Global private LTE/5G sites 20,000 in 2023.
- Global Wi-Fi 7 for wireless offload $1B market.
Infrastructure and Investments Interpretation
Market Size and Growth
- The global wireless market is expected to grow at a CAGR of 4.5% from 2023 to 2030, reaching $2.1 trillion.
- Asia-Pacific wireless telecom market size was $450 billion in 2023.
- European wireless market grew 2.1% to €180 billion in 2023.
- North America wireless market valued at $350 billion in 2023.
- Latin America wireless telecom market to grow at 5.2% CAGR to 2028.
- Middle East wireless market size $60 billion in 2023.
- Africa mobile subscribers reached 1.1 billion in 2023.
- Global wireless data traffic grew 25% to 101 EB in 2023.
- Wireless connectivity market projected to $156 billion by 2030.
- Wireless telecom services market $1.4 trillion in 2023.
- SEA wireless market $120 billion in 2023.
- Wireless infrastructure market $25 billion in 2023.
- Global M2M connections 1.8 billion on wireless in 2023.
- Wireless chipsets market $28 billion in 2023.
- Wireless broadband market $45 billion in 2023.
- Fixed wireless access subs 10 million globally 2023.
- Global cellular IoT revenue $13 billion in 2023.
- Wireless telecom equipment market $140 billion 2023.
- Wireless voice traffic declined 5% globally in 2023.
- US wireless ARPU $48.50 in Q4 2023.
- Global wireless spectrum value $500 billion cumulative auctions.
- Wireless data ARPU grew 3% to $5.20 globally 2023.
- Wireless roaming revenue $55 billion globally 2023.
- Wireless coverage reached 95% of world population 2023.
Market Size and Growth Interpretation
Revenue and Financials
- Wireless telecom revenue in the US was $264.3 billion in 2022.
- Verizon's wireless service revenue grew 2.5% to $52.1 billion in 2023.
- AT&T's wireless revenue increased 3.2% to $58.5 billion in 2023.
- Sprint's historical wireless revenue peaked at $33.6 billion in 2016 pre-merger.
- Comcast's wireless revenue surged 22% to $5.6 billion in Q4 2023.
- Dish Network's wireless revenue was $1.8 billion in 2023.
- T-Mobile's postpaid phone net adds were 3.1 million in 2023.
- Rogers Communications wireless revenue CAD 10.5 billion in 2023.
- Bell Canada's wireless revenue grew 4% to CAD 7.8 billion.
- Telus wireless revenue CAD 5.4 billion in 2023.
- US Cellular revenue $3.9 billion in 2023.
- Liberty Latin America wireless revenue $2.1 billion.
- Windstream wireless revenue $1.2 billion in 2023.
- Cogent Communications wireless rev $900 million.
- GTT Communications wireless revenue $500 million.
- Lumen Technologies wireless rev $4.2 billion.
- Consolidated Communications wireless $800 million rev.
- Shenandoah Telecom wireless revenue $250 million.
- ViaSat wireless revenue $2.8 billion in FY2023.
- Iridium wireless revenue $739 million in 2023.
- EchoStar wireless revenue $1.9 billion FY2023.
- Globalstar wireless revenue $223 million 2023.
- Skyworks wireless revenue $4.77 billion FY2023.
- Qorvo wireless revenue $3.77 billion FY2023.
Revenue and Financials Interpretation
Subscriber Statistics
- Global mobile subscribers reached 5.6 billion in 2023, representing 68.6% of the world's population.
- India had 1.15 billion wireless subscribers as of March 2024.
- China Mobile had 999 million mobile subscribers in Q4 2023.
- Brazil wireless subscribers totaled 260 million in 2023.
- Nigeria mobile subscriptions hit 223 million in Q4 2023.
- South Korea had 70 million mobile broadband subscribers in 2023.
- US wireless subscribers numbered 460 million in 2023.
- Vodafone Idea India subscribers fell to 290 million in FY2023.
- Indonesia wireless subscribers 338 million in 2023.
- Pakistan mobile users 190 million in 2023.
- Egypt mobile subscriptions 110 million in Q4 2023.
- Bangladesh wireless subs 188 million in 2023.
- Turkey mobile users 84 million in 2023.
- Vietnam wireless subscribers 130 million in 2023.
- Philippines mobile subs 170 million in 2023.
- Thailand wireless users 95 million in 2023.
- Malaysia mobile penetration 140% with 45 million subs.
- Morocco wireless subscribers 52 million in 2023.
- Algeria mobile users 48 million in 2023.
- Ghana wireless subs 42 million in Q4 2023.
- Kenya mobile penetration 120% with 65 million subs.
- Tanzania wireless users 62 million in 2023.
- Uganda mobile subs 35 million in 2023.
- Ethiopia wireless penetration 45% with 75M subs.
Subscriber Statistics Interpretation
Technology and Spectrum
- In 2023, 5G connections globally grew by 59% year-over-year to 1.76 billion.
- 5G Standalone (SA) deployments reached 450 operators worldwide by Q1 2024.
- mmWave 5G spectrum auctions generated $80 billion globally since 2019.
- Sub-6 GHz spectrum holds 85% of global 5G deployments in 2024.
- Global IoT connections on cellular networks reached 3.5 billion in 2023.
- C-Band spectrum adoption in 5G reached 40 countries by 2024.
- n78 band (3.5 GHz) used by 60% of 5G networks globally.
- FR1 spectrum (sub-6 GHz) dominates 90% of 5G capacity.
- 5G mid-band spectrum auctions raised $45 billion in US alone.
- Global 5G SA core network deployments at 320 by Q2 2024.
- CBRS spectrum used in 50 US private 5G networks.
- 5G RedCap devices shipments 10 million in 2023.
- 600 MHz low-band 5G covers 80% US population.
- 26/28 GHz mmWave spectrum licensed in 25 countries.
- Open RAN 5G pilots in 80 operators worldwide.
- 5G URLLC latency under 1ms in 200 networks.
- n41 band dominant in TDD 5G with 50% share.
- 5G NR spectrum bands total 102 globally allocated.
- 5G non-terrestrial network trials 50 operators.
- 700 MHz band refarmed for 5G in 30 countries.
- 5G positioning accuracy 1 meter in trials.
- 5G network slicing trials 100 operators.
- 5G V2X deployments in 15 countries.
- 5G multicast broadcast services piloted by 20 MNOs.
Technology and Spectrum Interpretation
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