According to FMI’s analysis, the TV white space spectrum market is forecast to experience an explosive growth of 42.6% CAGR over the estimated period. The industry’s size is predicted to reach a market value of US$53.1 million in 2023.
The surging deployment of TVWS for wider connectivity to different non-line-of-sight places and the launch of low-power devices are projected to be instrumental in the evolution of the TVWS spectrum industry. In addition, ongoing market developments, including a stream of supportive government regulations to distribute unutilized spectrum to private players, are anticipated to fuel market expansion.
The growing significance of TVWS technology in smart grid applications is projected to fuel market development. Moreover, high penetration of super Wi-Fi to reach larger distances is expected to clock increased revenue.
In the upcoming years, considerable opportunities to enable broadband Internet connectivity via unused TV spectrum are expected to foster market growth. However, factors like the non-commercialization of TV band white spaces and the susceptibility of extant TV bands to interference may interfere with the market growth.
Countries in South America and Africa are expected to display significant potential for market growth. The application of TVWS spectrum technology to assist emergency public safety operations is projected to augment market growth.
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Top Highlights from the FMI’s Analysis of the TV White Space Spectrum Market:
The United States TV white space spectrum industry is projected to generate a revenue of over US$ 589.1 million by 2033. Meanwhile, the CAGR presumed by the regional industry, as estimated by FMI, is 41.3% CAGR.
China follows the United States as the next leading market for the TV white space spectrum industry. The regional market of China is assessed to engender US$ 151.9 million by 2033. Through 2033, the market is anticipated to expand at a CAGR of 43.5%.
The Japanese TV white space spectrum industry is a key Asian market for the TV white space spectrum industry. FMI has estimated that the Japanese market is forecast to be worth US$ 128.4 million by the end of the forecast period. As per predictions, the market is anticipated to expand at a CAGR of 41.9%.
The United Kingdom’s TV white space spectrum industry is expected to be valued at US$ 91.7 million by 2033. The market is expected to register a CAGR of 41.5% over the forecast period.
The South Korean TV white space spectrum industry is projected to be worth US$ 71.6 million by 2033. The market is expected to expand at a CAGR of 43.2% during the assessment period.
The portable TV white space devices segment is projected to emerge as the leading device. Over the forthcoming years, the segment is expected to account for 42.5% CAGR.
The rural internet access segment is expected to surface as the top end-use application. Over the forecast period, the segment is projected to expand at a CAGR of 42.4%.