The 5G Economy

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5G
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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.

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.

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 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.

5G will impact the health care sector.

5G will enable more than $1.1 trillion in sales across the broader global health care sector in 2035. it will underpin the Internet of Medical Things (IoMT) and the shift from volume to value-based health care payment models. It will be a substantial enabler of a new era of personalized health care and ultimately improve the quality of health care received by millions of patients.

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 

 

91%

Expect new products and services that have yet to be invented

89%

Expect increased productivity

87%

Expect industries to emerge

83%

Expect small business growth and more global competition

Research: The Economic Impact of 5G

Feb 23, 2017

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Discover the advantages of Qualcomm’s 5G mobile technologies and solutions.

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