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Market Snapshot

CAGR:8.78

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.78

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Report Overview

The Voice over New Radio (VoNR) Market is projected to experience a Compound Annual Growth Rate (CAGR) of 6.78% between 2022 and 2032. The market size is anticipated to expand by USD 8,572.89 million during this period. The growth trajectory of this market is influenced by several factors, including the rapid evolution of 5G networks, increasing demand for high-quality voice services, and the integration of VoNR into various industries for enhanced communication experiences. VoNR refers to a technology that enables voice communication over 5G New Radio (NR) networks, offering improved voice quality, low latency, and better overall user experiences. This technology is designed to replace traditional circuit-switched voice services with efficient, IP-based voice communication over 5G networks.

Voice over New Radio (VoNR) Market Overview:

Drivers:

A primary driver behind the growth of the VoNR market is the continuous evolution of 5G networks. As 5G technology becomes more widespread, there is a growing need for advanced voice communication services that align with the capabilities of these networks. VoNR offers improved voice quality, lower latency, and higher data rates compared to previous generations, which is instrumental in meeting the rising expectations of users for seamless communication experiences.

Moreover, industries such as healthcare, automotive, and manufacturing are integrating VoNR into their operations to enable real-time communication, remote diagnostics, and enhanced collaboration. The adoption of VoNR in various sectors is expected to drive market growth as businesses recognize the value of reliable and high-quality voice communication in their operations.

Trends:

An emerging trend in the VoNR market is the integration of voice assistants and Artificial Intelligence (AI) technologies. With the integration of AI-powered voice assistants like Siri, Google Assistant, and Alexa, VoNR can offer not only high-quality voice communication but also a range of value-added services. These services include voice-based commands, natural language processing, and contextual understanding, enhancing user experience and productivity.

Furthermore, the increasing demand for IoT devices and applications also contributes to the growth of VoNR adoption. As IoT devices become more prevalent across industries, the need for reliable and efficient voice communication capabilities in these devices becomes essential. VoNR's integration with IoT devices allows for real-time communication and seamless interaction, driving the market forward.

Restraints:

One of the key challenges impeding the VoNR market's growth is the compatibility issues with legacy devices and networks. While VoNR offers numerous benefits, its successful implementation relies on the widespread adoption of 5G networks and devices. In regions where 5G infrastructure is still in its early stages or where users predominantly use older devices, the transition to VoNR can be hindered.

Additionally, security and privacy concerns related to VoNR-enabled devices and networks can act as a restraint. As VoNR becomes more integrated into various applications, the need for robust security measures to protect voice data and prevent unauthorized access becomes crucial. Addressing these concerns is necessary for the sustained growth of the VoNR market.

Voice over New Radio (VoNR) Market Segmentation By Application: The smartphones and wearable segment is expected to witness significant growth during the forecast period. VoNR technology enhances the voice communication capabilities of smartphones and wearable devices, offering users clearer calls, reduced call drop rates, and improved voice-based interactions with these devices. As smartphones and wearables continue to dominate the consumer electronics market, the integration of VoNR becomes a key differentiator, driving market growth.

Additionally, industries such as healthcare are exploring the use of VoNR-enabled wearables for real-time patient monitoring and communication between medical professionals. This application of VoNR further contributes to the growth of this segment.

Voice over New Radio (VoNR) Market Segmentation By Type: The adoption of standalone VoNR technology is fueling the growth of the standalone VoNR chipset segment. Standalone VoNR offers a dedicated solution for voice communication, decoupled from existing network technologies. This approach ensures optimal voice quality and low latency, which are critical for applications such as telemedicine, emergency services, and industrial communication.

The standalone VoNR chipset segment is particularly relevant in scenarios where voice communication is mission-critical and demands uninterrupted connectivity and high reliability.

Regional Overview:

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The Asia-Pacific (APAC) region is anticipated to contribute significantly, accounting for 38% of the global VoNR market growth during the forecast period. The prevalence of major market players like Huawei Technologies, Samsung Electronics, and Xiaomi in APAC fuels the growth of VoNR technology in the region. These players are actively investing in the development of 5G networks and devices, driving the adoption of VoNR.

For instance, in China, significant advancements in 5G infrastructure have laid the foundation for VoNR adoption. As the largest consumer market for smartphones and wearable devices, China's embrace of VoNR technology is a major driver for its growth. Additionally, initiatives to enhance connectivity in rural and remote areas further promote VoNR adoption, supporting market expansion in APAC.

Voice over New Radio (VoNR) Market Customer Landscape: The VoNR market report includes an analysis of the customer landscape, highlighting the adoption stages from early adopters to mainstream users. It delves into factors influencing adoption rates across regions and outlines key purchase criteria and drivers of price sensitivity. This information assists companies in shaping their growth strategies and addressing market demands effectively.

Major Voice over New Radio (VoNR) Market Companies: Companies operating in the VoNR market are implementing strategies such as strategic partnerships, mergers and acquisitions, product launches, and geographical expansions to strengthen their market presence.

Company A: This company offers VoNR chipsets designed for seamless integration with a range of devices, enabling high-quality voice communication over 5G networks.
Company B: Another key player in the VoNR market, Company B, provides comprehensive VoNR solutions that cater to diverse industries, including healthcare, automotive, and smart cities.
Company C: Company C specializes in AI-powered VoNR technology, enhancing voice communication with intuitive voice assistants and advanced natural language processing capabilities.

In addition, the VoNR market landscape includes other notable companies such as:

Company X
Company Y
Company Z

These companies are driving innovation in VoNR technology and contributing to the growth and advancement of the market.

Segment Overview:

The VoNR market report forecasts revenue growth at global, regional, and country levels, providing insights into the latest trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Smartphones and wearable
Industrial communication
Healthcare
Automotive
Others

Type Outlook (USD Million, 2019 - 2032):

Standalone VoNR chipsets
Integrated VoNR chipsets

Geography Outlook (USD Million, 2019 - 2032):

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan
South Korea

Latin America

Brazil
Mexico

Middle East & Africa

United Arab Emirates
South Africa

TABLE OF CONTENTS: GLOBAL Voice over New Radio (VoNR) MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Voice over New Radio (VoNR) MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Voice over New Radio (VoNR) Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Voice over New Radio (VoNR) MARKET BY Technology INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Sub 6 GHz frequency Bands

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. High Frequency Bands over 24 GHz

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Voice over New Radio (VoNR) MARKET BY Latency INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. 625 millisecond to 0.125 millisecond

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. 25 millisecond to 1 millisecond

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Voice over New Radio (VoNR) MARKET REGIONAL OUTLOOK

7.1. Voice over New Radio (VoNR) Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Voice over New Radio (VoNR) Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Voice over New Radio (VoNR) Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Voice over New Radio (VoNR) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. AT&T Inc

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. Huawei Technologies Co., Ltd

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Qualcomm Incorporated

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. Ericsson Telecommunications company

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. MediaTek Inc

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. Samsung Group

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. Alcatel-Lucent S.A.

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. Nokia Networks

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. LG Electronics

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. T-Mobile

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Voice Over New Radio Vonr Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032