Ultra-Reliable Low-Latency Communications (URLLC) - 5g New Radio Market Statistics
The global ultra-reliable low-latency communications (urllc) 5g new radio market size was valued at US$ 13,806.7 million in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 30% from 2023 to 2030.
Related Statistics
Ultra-reliable low-latency communications (urllc) - 5g new radio market highlights
- The global ultra-reliable low-latency communications (urllc) segment generated a revenue of USD 13,806.7 million in 2023 and is expected to reach USD 86,770.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 30.3% by 2030.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Market summary
| Market revenue in 2023 | USD 13,806.7 million |
| Market revenue in 2030 | USD 86,770.3 million |
| Growth rate | 30.3% (CAGR from 2024 to 2030) |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
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