McKinsey predicts that the first 5G deployment will cost about $ 700-900 billion, covering about 25% of the global population by 2030. However, only people who live in wealthy and developed areas of the United States States, China and Europe benefit from services from 5G networks.
The download speed of 5G network is about 10 times faster than existing 4G network. The number of devices connected to each base station increased by 100 times. Because 5G networks need expensive equipment, in the near future, it will only cover specific areas.
However, there is also a type of 5G network for slower speeds and lower investment costs. It takes advantage of the frequency spectrum for existing 4G networks, known as 5G standalone networks. By 2030, this 5G network will account for 80% of the world’s population and cost around $ 400-500 billion to build. Although the speed of this 5G network is only slightly faster than the existing 4G network, because the base station can connect more devices and the time delay for data transmission is shortened, this network still gives people Using many new applications.
The report also said that by 2030, low-frequency 5G networks (below 1 GHz) and mid-band (less than 6 GHz) will cover about 80% of the world’s population, equivalent to about 7 billion people.
Currently, about 40% of the world’s population does not have enough connectivity and by 2030, this percentage will fall to 20%. Therefore, global GDP will increase by at least 1.5 to 2 trillion USD.
Different industries have different economic implications for 5G. Just looking at the four sectors of mobility, health, manufacturing and retail, global GDP could increase by US $ 1.5-2 trillion by 2030. For example, car accidents will fall, medical services will be reduced. telemetry will become popular and supply chain management will be optimized. The four main industries mentioned above account for 30% of global GDP.
Another high-speed connection technology that will play a key role is satellite broadband Internet access. Satellite operators like SoftBank’s SpaceX and OneWeb will deploy thousands of satellites in Earth’s low-orbit to cover the world with cheap broadband Internet networks. Amazon also wants to join the Internet race in space through a project to bring thousands of satellites into space to cover a global Internet called Project Kuiper.
“If low-level orbit (LEO) satellites are deployed successfully, they have the potential to change the game and virtually eliminate any gaps in broadband Internet, but they are still very much in place,” the report said. other barriers need to be addressed in addition to coverage issues such as terminal availability and affordability of equipment and data package pricing. ”