Overall 5G Contribution to Global Economy
Source Research:
5G Impact on the Global Economy and Contribution to the GDP
The impact of 5G on the global economy is robust, with ABI Research forecasting 5G connectivity to add US$508.52 billion to global economic productivity (in terms of Gross Domestic Product (GDP)) by 2030. That is a five-fold increase over the US$101.17 billion contribution in 2022. When you break down the influence of 5G on the world economy by industry vertical, manufacturing comes out on top by a wide margin. In 2030, 5G will contribute US$155.74 billion in GDP from the manufacturing sector, followed by US$68.16 billion in energy generation, US$66 billion in transport, US$63.1 billion in healthcare, and US$57.32 billion in agriculture.
As the chart above shows, ABI Research expects 5G to contribute a total of US$114 billion by means of increased automation. This is mainly driven by automation of operations in highly hazardous environments, such as mines and oil & gas fields.
5G will also enable enterprises to increase their efficiency by providing highly-reliable connectivity and the ability to enable connecting to 1 million devices per km2. This will benefit mobility (e.g., Automated Guided Vehicles) and smart traffic monitoring use cases to a high degree. ABI Research expects 5G to contribute US$248.7 billion to the global economy through efficiency enhancements by 2030. Nearly all of the contributions will come from the manufacturing sector.
As the chart above highlights, 5G is expected to contribute US$130 billion to global economic output through quality improvements. This is mainly driven by improvements of activities in the healthcare sector, where 5G-enabled smart diagnostics is expected to prevent up to 114 million medical interventions globally by 2030.
