Electronics

Recently, PwC released the China report "enabling the future: the impact of 5g on the global economy". The report points out that at present, China's 5g network is in the middle of large-scale construction, and the impact of 5g business on economy and society is mainly reflected in investment and end consumption.

"It is estimated that by 2030, 5g application will bring us $1.3 trillion growth to global GDP, of which the impact of 5g on China's economy is US $220 billion. Healthcare, smart utilities, consumers and media, industrial manufacturing and financial services will all benefit significantly from 5g technology. " The report points out that from the perspective of economic impact, 5g's contribution to economic growth is very limited at present, because communication companies mainly focus on infrastructure construction and technology promotion. However, it is expected that from 2025, with the wider application of 5g, these investments will have a more and more positive impact on the global economy. It is estimated that by 2030, 5g will bring us $220 billion growth to China's economy, second only to the United States.

In terms of industry, healthcare will be the largest contributor to 5g's global economic benefits. PwC's model predicts that 5g health care will bring a growth of US $530 billion to the global GDP by 2030, and China's GDP will increase by US $44 billion.

5g also shows great potential in other industries: by 2030, 5g intelligent utility management will drive the global GDP to grow by $330 billion, and China's GDP will grow by $86 billion. Among the key countries in the world, 5g driven intelligent utility management is expected to achieve the highest growth in China.

By 2030, 5g consumers and media will drive global GDP growth of US $254 billion, and China's GDP will increase by US $63 billion. In the field of Chinese media, ultra-high definition video is the biggest highlight of 5g commercial applications. 5g also brings diversified consumption scenarios to Chinese consumers: smart home, face brushing payment, data integration and VR live marketing.

By 2030, 5g industrial manufacturing will drive global GDP growth of 134 billion US dollars, and China's GDP will increase by 22 billion US dollars. Intelligent manufacturing, remote control and intelligent industrial park are the three application fields with the closest combination of 5g and industry.

5g financial services will drive the global GDP to grow by 85 billion US dollars by 2030, and China's GDP will grow by 5 billion US dollars. 5g will promote the deep integration of Internet of things, virtual reality, artificial intelligence, big data and other technologies with China's financial service industry, and the original business pain points in many financial fields such as banking, securities, insurance, leasing and investment will be solved.