Wireless Telecommunication Services in the United States
Summary
Wireless Telecommunication Services in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The wireless telecommunications services market includes cellular (mobile) phones, pagers, and any other wireless or cellular telecommunication service. Market values represent revenues based on payments to operators of all of these services for subscriptions and usage. Market volumes refer to the total number of subscriptions for each of these services. Market shares are in terms of subscription volumes. Regional market shares are at a parent company level.
- The US wireless telecommunication services market recorded revenues of $209.9 billion in 2023, representing a compound annual growth rate (CAGR) of 2.3% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 5.3% between 2018 and 2023, reaching a total of 596.2 million subscriptions in 2023.
- The growth of the US wireless telecommunication services market can also be attributed to the increase in mobile penetration in the region. For instance, according to GlobalData analysis based on information from the World Bank, mobile penetration in the US stood at 111.5 per 100 people in 2023, an increase of 1% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the wireless telecommunication services market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the wireless telecommunication services market in the United States
- Leading company profiles reveal details of key wireless telecommunication services market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States wireless telecommunication services market with five year forecasts
- What was the size of the United States wireless telecommunication services market by value in 2023?
- What will be the size of the United States wireless telecommunication services market in 2028?
- What factors are affecting the strength of competition in the United States wireless telecommunication services market?
- How has the market performed over the last five years?
- How large is the United States’s wireless telecommunication services market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market share
- 1.8. Market rivalry
- 1.9. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What are the strategies of the leading players?
- 7.4. What have been the recent M&A activities?
- 8 Company Profiles
- 8.1. Verizon Communications Inc.
- 8.2. T-Mobile US, Inc.
- 8.3. United States Cellular Corp
- 8.4. AT&T Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United States wireless telecommunication services market value: $ billion, 2018-23
- Table 2: United States wireless telecommunication services market volume: million subscriptions, 2018-23
- Table 3: United States wireless telecommunication services market category segmentation: % share, by value, 2018-2023
- Table 4: United States wireless telecommunication services market category segmentation: $ billion, 2018-2023
- Table 5: United States wireless telecommunication services market geography segmentation: $ billion, 2023
- Table 6: United States wireless telecommunication services market value forecast: $ billion, 2023-28
- Table 7: United States wireless telecommunication services market volume forecast: million subscriptions, 2023-28
- Table 8: United States wireless telecommunication services market share: % share, by volume, 2023
- Table 9: Verizon Communications Inc.: key facts
- Table 10: Verizon Communications Inc.: Annual Financial Ratios
- Table 11: Verizon Communications Inc.: Key Employees
- Table 12: Verizon Communications Inc.: Key Employees Continued
- Table 13: T-Mobile US, Inc.: key facts
- Table 14: T-Mobile US, Inc.: Annual Financial Ratios
- Table 15: T-Mobile US, Inc.: Key Employees
- Table 16: T-Mobile US, Inc.: Key Employees Continued
- Table 17: United States Cellular Corp: key facts
- Table 18: United States Cellular Corp: Annual Financial Ratios
- Table 19: United States Cellular Corp: Key Employees
- Table 20: United States Cellular Corp: Key Employees Continued
- Table 21: AT&T Inc: key facts
- Table 22: AT&T Inc: Annual Financial Ratios
- Table 23: AT&T Inc: Key Employees
- Table 24: United States size of population (million), 2019-23
- Table 25: United States real gdp (constant 2010 prices, $ billion), 2019-23
- Table 26: United States gdp (current prices, $ billion), 2019-23
- Table 27: United States inflation, 2019-23
- Table 28: United States consumer price index (absolute), 2019-23
- Table 29: United States exchange rate, 2018-23
- List of Figures
- Figure 1: United States wireless telecommunication services market value: $ billion, 2018-23
- Figure 2: United States wireless telecommunication services market volume: million subscriptions, 2018-23
- Figure 3: United States wireless telecommunication services market category segmentation: $ billion, 2018-2023
- Figure 4: United States wireless telecommunication services market geography segmentation: % share, by value, 2023
- Figure 5: United States wireless telecommunication services market value forecast: $ billion, 2023-28
- Figure 6: United States wireless telecommunication services market volume forecast: million subscriptions, 2023-28
- Figure 7: Forces driving competition in the wireless telecommunication services market in the United States, 2023
- Figure 8: Drivers of buyer power in the wireless telecommunication services market in the United States, 2023
- Figure 9: Drivers of supplier power in the wireless telecommunication services market in the United States, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the wireless telecommunication services market in the United States, 2023
- Figure 11: Factors influencing the threat of substitutes in the wireless telecommunication services market in the United States, 2023
- Figure 12: Drivers of degree of rivalry in the wireless telecommunication services market in the United States, 2023
- Figure 13: United States wireless telecommunication services market share: % share, by volume, 2023
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