Researchers estimate San Diego County is set to gain 52,700 5G-related jobs totaling $20.2 billion in growth by 2030.
California could add more than 725,000 5G jobs over the next decade, according to a report released Thursday by CTIA, an organization that represents the U.S. wireless communications industry, and Boston Consulting Group.
The Los Angeles metro area is projected to see the addition of 228,277 new jobs, 150,000 in San Francisco, and 130,000 in San Jose.
California is also forecast to see a bump of $312,642,780 in GDP growth from 5G over the same period, according to the report.
Nationwide, the 5G economy will create up to 4.6 million jobs and add up to $1.7 trillion to the country’s GDP — the equivalent of the 13th largest national economy in the world, researchers said.
The data also suggests three industries are set to benefit the most:
- Information services, which will see job growth of 205,000 and contribute $217 billion to the GDP
- Manufacturing, which will see a boost of 380,000 jobs and contribute $165 billion to the GDP
- Health care, which will see 341,000 new jobs and contribute $104 billion to the GDP
Researchers said 5G will enable new innovative services that transform all sectors of the economy and reach all regions of the U.S., helping the economy to recover from COVID-19 and putting people back to work – much like the wave of 4G innovation did after the 2008-09 recession.
The full report is available at this link.