Global Next-Generation Communication Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

5G, Visible Light Communication / Li-Fi, Wireless Sensor Networks (WSN) and Other Technologies.

By End-User;

Manufacturing, Military and Defense, Transportation and Other End Users.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn129360495 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Next-Generation Communication Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Next-Generation Communication Devices Market was valued at USD 273,089.21 million. The size of this market is expected to increase to USD 1,273,300.29 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 24.6%.

The global market for next-generation communication devices is experiencing rapid growth driven by advancements in technology and increasing demand for seamless connectivity. These devices, encompassing smartphones, tablets, wearables, and IoT gadgets, are pivotal in enabling enhanced communication, data exchange, and connectivity across various sectors.

One of the key drivers of this market is the proliferation of 5G technology. 5G promises significantly faster data speeds, lower latency, and increased network capacity compared to previous generations. This advancement is fostering the development of new communication devices capable of harnessing these capabilities to deliver enhanced user experiences and support emerging technologies like augmented reality (AR), virtual reality (VR), and autonomous vehicles.

Moreover, the integration of artificial intelligence (AI) and machine learning (ML) into communication devices is revolutionizing how users interact with technology. AI-powered assistants, predictive analytics, and personalized recommendations are becoming standard features, enhancing user convenience and efficiency. These advancements not only improve user experience but also enable devices to adapt and learn over time, making them more intelligent and responsive to user needs.

Another significant trend driving market growth is the increasing adoption of Internet of Things (IoT) devices. These devices, ranging from smart home appliances to industrial sensors, rely heavily on communication capabilities to transmit data and enable remote control and monitoring. The expansion of IoT ecosystems is fueling demand for communication devices that can support diverse connectivity protocols and ensure seamless integration across various platforms.

The market is witnessing a surge in demand for wearable communication devices, such as smartwatches and fitness trackers. These devices not only provide communication functionalities like calls and messaging but also incorporate health monitoring features, driving their adoption among health-conscious consumers.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global Next-Generation Communication Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Innovation in technology
        2. Increasing connectivity demands
        3. Growing IoT applications
        4. Rising consumer electronics adoption
        5. Advancements in network infrastructure
      2. Restraints
        1. Security and privacy concerns
        2. High initial investment costs
        3. Compatibility issues
        4. Regulatory challenges
        5. Limited spectrum availability
      3. Opportunities
        1. 5G network expansion
        2. Smart city initiatives
        3. Emerging markets growth
        4. AI and machine learning integration
        5. Development of wearables
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Next-Generation Communication Devices Market, By Technology, 2021 - 2031 (USD Million)
      1. 5G
      2. Visible Light Communication / Li-Fi
      3. Wireless Sensor Networks (WSN)
      4. Other Technologies
    2. Global Next-Generation Communication Devices Market, By End-User, 2021 - 2031 (USD Million)
      1. Manufacturing
      2. Military and Defense
      3. Transportation
      4. Other End Users
    3. Global Next-Generation Communication Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Huawei Technologies Co. Ltd
      2. Cisco Systems Inc.
      3. Analong Devices Inc.
      4. Telefonaktiebolaget LM Ericsson
      5. Netgear Inc.
      6. Koninklijke Philips NV
      7. Panasonic Corp.
      8. Purelifi Ltd
      9. Arris International PLC
  7. Analyst Views
  8. Future Outlook of the Market​​​​​​​​​​​​​​