5G is the world’s next technological breakthrough and hugely significant upon
the American economy. In this report, we examine the economic benefit driven
Our economic modeling analysis shows the impact of 5G on the US economy from
2021-2025 in several ways:
5G has the potential to create or transform up to 16 million jobs*
across all sectors of the economy, which includes full-time, part-time
and temporary jobs*.
U.S. economy will drive up to $2.7 trillion in additional gross output
5G will add up to $1.5 trillion to the U.S. GDP, larger than the annual
GDP of 94% of world economies.
Multiplier effects will be felt in every industry. For example, every
job* created by 5G within the Information and Communications
Technologies (ICT) sector will create an estimated 1.8 additional jobs*
for a total of up to 2.8 total jobs* throughout the economy.
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About the study
5G labor effect
5G will generate significant employment throughout the economy, creating as
many as 16M jobs*. This represents a mix of temporary, part-time and
full-time jobs* across all industries.
5G industry transformation
5G can offer rich bi-directional communications, support potentially one
million devices per square kilometer and deliver ultra-reliable millisecond
These capabilities enabled by 5G drive a variety of use cases, paving the way
for the economy to realize the cross-industry benefits of magnified
connectivity. These innovations impact trillions of dollars.
5G shapes key industry use cases and drives significant outcomes for
companies and individuals, alike.
5G-enabled factories experience about
20-30% overall productivity
gains including up to 50% in
assembly time, up to 20% in
asset life and up-to 90% in
5G creates in-store rich video streaming
experiences, up to 50% increase
in sales growth combined with human-focused
processes and XR visualizations.
5G allows more remote post-acute care,
home-based models, with savings greater than
30% and driving better patient
Connected vehicle technologies have the
potential to reduce the severity of non-impaired
accidents by up to 80%,
potentially saving $3.6 billion
in collision costs and possibly reducing traffic
Transmission line monitoring using smart sensors
and drones reduce wildfire risk, potentially
saving billions of dollars.
5G will lead to the creation of
industries not yet imagined. There are tangible and realizable
acceleration opportunities to speed up the deployment process and
maximize the benefits.
5G acceleration opportunities
The benefits of 5G are immense, but require critical mass of network
deployment, R&D and production of new devices across industries, along with
significant investment from every major sector in the U.S. economy. There
are prominent opportunities to accelerate this benefit, securing America’s
role as a 5G leader: