That’s about the size of China’s economy last year.įor consumers, the first changes will be faster mobile data speeds - eventually up to 100 times quicker than those of 4G, letting people download full-length movies in seconds. Now economists are putting a number on the coming transformation, with IHS Markit estimating 5G will drive an extra $12 trillion of annual sales in 2035. New products, services, business models and entire industries will be born as 5G provides a huge leap forward in speed, capacity and connectivity. Self-driving cars, remote robotic surgery, autonomous weapons - all that and much more is set to be delivered via the 5G wireless network, which promises to transform our lives and add trillions of dollars to the global economy every year.
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