Enhanced Mobile Broadband, Massive Machine Type Communication, Ultra-reliable and low latency communication have been identified as the requirements to be supported by the 5thGeneration of Mobile Communication, short 5G. 5G is extensively discussed in the wireless industry. A lot of research and pre-development is being conducted worldwide, including an analysis of the waveforms and access principles that are the basis for current LTE and LTE-Advanced networks. This application note discusses potential 5G waveform candidates, lists their advantages and disadvantages, and compares them to Orthogonal Frequency Division Multiplexing (OFDM), which is used in LTE/LTE-Advanced.