The 5G Economy

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5G will lift mobile into a technology that changes the world.

5G mobile technology will, like electricity or the automobile, benefit entire economies and benefit entire societies. This is because the global 5G standard (5G New Radio) will advance mobile from largely a set of technologies connecting people-to-people and people-to-information to a unified connectivity fabric connecting people to everything.

Download IHS 5G economic impact study

Enabling a broad set of industries.

In 2035, when 5G’s full economic benefit should be realized across the globe, a broad range of industries – from retail to education, transportation to entertainment, and everything in between – could produce up to $12.3 trillion worth of goods and services enabled by 5G mobile technology.

Supporting a thriving value chain

The 5G mobile value chain alone could generate up to $3.5 trillion in revenue in 2035, and support up to 22 million jobs.  

Driving global GDP growth

Over time, the total contribution of 5G to Real Global GDP growth is expected to be equivalent to a country the size of India. India currently ranks as the seventh largest economy in the world.

5G will be the platform for invention.

Across the board, people truly believe 5G mobile technology will bring new opportunity. Most believe it will enable new products and services that have yet to be invented, increase productivity, allow for new industries to emerge and make education more accessible. 

Download PSB public survey report 



Expect new products and services that have yet to be invented


Expect increased productivity


Expect industries to emerge


Expect small business growth and more global competition

5G will transform the automotive industry.

In 2035, 5G will enable more than $2.4 trillion in economic output across the automotive sector, its supply chain and its customers. It could also transform conventional models of car ownership and transportation itself – providing both opportunities and challenges to automakers, technology firms and content providers.

Research: The Economic Impact of 5G



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Press Releases

Ericsson, Qualcomm and Vodafone Trial 5G New Radio for Unified 5G

Ericsson (NASDAQ: ERIC) and Qualcomm Technologies, a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), are working with Vodafone to test 5G  interoperability and conduct an over-the-air field trial based on 5G New Radio (NR) specifications being developed in 3GPP.

The trial intends to drive the mobile ecosystem towards validation of 5G NR technologies, which will enable operators to test 3GPP standard compliant 5G NR infrastructure and devices at scale. Taking place in the United Kingdom, the focus of the trial will showcase 5G NR technologies that utilise wide bandwidths to increase network capacity and achieve multi-gigabit per second data rates.

Applicable to both existing licensed bands and new bands in sub 6GHz, 5G will be important to meeting the increasing connectivity requirements for emerging consumer mobile broadband experiences such as Virtual Reality, Augmented Reality and Connected Cloud services.

Ulf Ewaldsson, senior vice president and chief strategy and technology officer, Ericsson, says, “5G will enable operators to provide new use cases in areas such as the Internet of Things, automation and big data, and the ability to build new revenue streams with radically new business models. To speed up commercialization of the global 3GPP 5G standard, we continuously work with leading operators and ecosystem players in 5G to enable global scale and drive the industry in one common direction.”

The trial will utilize 5G system solutions and devices from Ericsson and Qualcomm Technologies to demonstrate real world scenarios across a broad set of use cases and deployment situations.

Matt Grob, executive vice president and chief technology officer, Qualcomm Technologies, Inc., says, “The work between Qualcomm, Ericsson and Vodafone is just another example of how collaboration on impactful 5G NR trials between global industry leaders is pertinent to not only drive the technology forward, but to ensure timely commercial deployments of 5G technologies based on the 3GPP specification.”

Matt Beal, director of technology, architecture and strategy, Vodafone, says, “The demonstration of the 5G standard in sub-6GHz bands is an important step forward in the development of 5G. Standardization of this technology will help deliver high performing and reliable 5G mobile networks with global coverage. A common standard also promises to deliver the economies of scale, which will help drive adoption of the technology in consumer devices and the internet of things.”

The trial will make use of advanced 3GPP 5G NR technologies including Massive Multiple-Input Multiple-Output (MIMO) antenna technology, adaptive self-contained TDD, beamforming techniques, scalable OFDM-based waveforms to support wider bandwidths, advanced coding and modulation schemes, and a new flexible framework design.

The 3GPP 5G NR standard-based interoperability testing and trials will start in the second half of 2017, and will follow decisions of 3GPP Release 15 specification – the global 5G standard that will make use of both sub-6GHz and millimeter wave spectrum bands.

About Qualcomm
Qualcomm's technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G – and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio.  Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit Qualcomm’s
website, OnQ blog, Twitter and Facebook pages.

About Ericsson:
Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who have provided customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq in Stockholm and on NASDAQ in New York. Read more on