5G Infrastructure Market By Component (Hardware and Software), By Spectrum Band (Low Band (<1 GHz), Mid Band (1-6 GHz), and High Band (24-40 GHz)), by Technology (Radio Access Network (RAN), Core Network, Edge Computing, Cloud Infrastructure, Software-Defined Networking (SDN), and Network Function Virtualization (NFV)), by Chipset Type (Application-Specific Integrated Circuit (ASIC), Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips, and Field-Programmable Gate Array (FPGA)), by Application (Enhanced Mobile Broadband (eMBB), Massive Machine-Type Communications (mMTC), Ultra-Reliable Low-Latency Communications (URLLC), Internet of Things (IoT), Smart Cities, Connected Vehicles, Virtual & Augmented Reality (VR/AR), and Gaming & Entertainment), and by End User (Telecom Operators, Enterprises, Government & Public Sector, Healthcare, Automotive, Manufacturing, Utilities, and Transportation & Logistics) – Global Opportunity Analysis and Industry Forecast, 2024 – 2030
Industry: ICT & Media | Publish Date: 28-Nov-2024 | No of Pages: 506 | No. of Tables: 342 | No. of Figures: 307 | Format: PDF | Report Code : IC283
Market Definition:
The global 5G Infrastructure Market size was valued at USD 1179.2 million in 2021 and is expected to reach USD 131.40 billion by 2030, with a growing CAGR of 68.7% from 2022-2030. 5G is the next global wireless standard after the implementation of 4G. It is the fifth generation of mobile networks. 5G enables a new type of network, which is capable of connecting everyone virtually including machines, objects, and devices.
The goal of 5G technology is to provide ultra-low latency, faster data speeds than its predecessor and increased reliability with a more consistent user experience. To deliver these new aspects of cellular networks, 5G requires a novel network infrastructure, which is a network of macro- and small-cell base stations with edge computing. To provide a 5G experience, network providers are currently using a combination of 5G radio access network (RAN), 5G NR interface, and existing LTE infrastructure with core network until the independent infrastructure required for 5G is developed.
Market Dynamics and Trends:
Increasing demand for high-speed internet access via mobile networks and the requirement for improved cellular network coverage across the globe due to the high adaption of smartphones, smart wearables, and smart home devices are creating the demand for efficient network infrastructure. This, in turn, is driving the 5G infrastructure market growth.
Also, the integration of the 5G network in the transportation and logistics sector is shifting the industry toward building an autonomous ecosystem including vehicle-to-vehicle and vehicle-to-infrastructure communication. This will make roads safer than before and increase the efficiency of public transportation. These factors are further driving the growth of the market.
However, the high cost associated with replacing the legacy infrastructure with 5G infrastructure along with privacy and security concerns are the factors restraining the growth of the market. Also, the delay in standardization of 5G spectrum allocation is restricting small industries from accessing high-frequency bands, which is further restraining the 5G infrastructure industry. On the contrary, an upsurge in government initiatives to strengthen the communication infrastructure is expected to create ample growth opportunities for the market in the coming years.
The 5G infrastructure market report is segmented on the basis of communication infrastructure, network technology, chipset type, application, and geography.
On the basis of communication infrastructure, the market is further categorized into a small cell, macro cell, radio access network (RAN), and distributed antenna system (DAS). On the basis of network technology, the market is divided into software defined networking (SDN), network function virtualization (NFV), mobile edge computing (MEC), and fog computing (FC).
On the basis of chipset type, the market is sub-classified into application-specific integrated circuits (ASIC), radio frequency integrated circuits (RFIC), millimeter wave technology chips, and field-programmable gate array (FPGA). On the basis of application, the market is further categorized into automotive, energy & utilities, healthcare, retail, and others. The geographical breakdown and analysis of each of the previously mentioned segments include regions such as North America, Europe, Asia-Pacific, and RoW.
North America holds the lion’s share of the 5G infrastructure market share, and is expected to continue its dominance during the forecast period. This is attributed to the factors such as the high demand of IoT devices in the region and the emergence of Industry 4.0 with high usage of smart robots powered by machine learning and artificial intelligence (AI) that greatly depends on high-bandwidth and low-latency of 5G networks. Also, high investment in deploying 5G infrastructure by telecom service providers such as T-Mobile, AT&T, and Verizon is further fueling the market growth in the region. For instance, in January 2022, AT&T won the most licenses in the 5G mid-band spectrum auction held by the federal communications commission (FCC) in the U.S. by investing USD 9 billion. With the mid-band 5G spectrum, AT&T will be able to provide improved coverage and penetration gaps between the low-band and mmWave 5G spectrum.
On the other hand, Asia-Pacific is expected to show a steady rise in the 5G infrastructure market, due to the expansion of telecommunication and IT industry. Also, increased adoption of smart phones, growing consumption of mobile data, and shift toward automation are expected to augment the growth of the 5G infrastructure market over the forecast period in this region.
Various market players operating in the global 5G infrastructure industry include Ericsson, Huawei Technologies Co. Ltd., Intel, Nokia Corporation, Qualcomm Technologies, Inc., Samsung Electronics, AT&T, Inc., Verizon, Hewlett Packard Enterprise (HPE), and Mediatek, Inc.
These market players are adopting collaboration strategies across various regions to maintain their dominance in the 5G infrastructure market.
For instance, in June 2022, Samsung Electronics collaborated with NAVER Cloud to launch South Korea’s first private 5G network. Samsung’s network solution is expected to empower NAVER’s private 5G commercial service for offering the required power to cloud-based autonomous mobile robots.
Moreover, in May 2022, Qualcomm Technologies Inc. announced that it will collaborate with Viettel Group for 5G infrastructure development in Vietnam. Under this collaboration, Qualcomm and Viettel will develop next-generation 5G Radio Unit (RU) with immense MIMO capabilities and distributed units (DUs).
In addition, in May 2022, Ericsson collaborated with T-Mobile Telecommunications in the U.S. to provide RAN and Core solutions to T-Mobile’s 5G assets. It will deliver T-Mobile’s enterprise and government customers with a suite called 5G Advanced Network Solutions (5G ANS), which provides 5G connectivity with a Public Mobile Network, a Hybrid Mobile Network, and a Private Mobile Network.
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The 5G infrastructure market report provides a quantitative analysis of the current market and estimations from 2022 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises of a detailed analysis of the 5G infrastructure market including the current and future trends for depicting the prevalent investment pockets in the market.
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The information related to key drivers, restraints, and opportunities and their impact on the global market is provided in the report.
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The competitive analysis of the market players along with their market share in the 5G infrastructure market is mentioned.
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The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
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The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
5G Infrastructure Market Key Segments:
By Communication Infrastructure
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Small Cell
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Macro Cell
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Radio Access Network (RAN)
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Distributed Antenna System (DAS)
By Network Technology
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Software Defined Networking (SDN)
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Network Function Virtualization (NFV)
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Mobile Edge Computing (MEC)
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Fog Computing (FC)
By Chipset Type
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Application-Specific Integrated Circuit (ASIC)
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Radio Frequency Integrated Circuit (RFIC)
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Millimeter Wave Technology Chips
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Field-Programmable Gate Array (FPGA)
By Application
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Automotive
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Energy & Utilities
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Healthcare
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Retail
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Others
By Geography
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North America
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U.S.
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Canada
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Mexico
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Europe
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U.K.
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Germany
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France
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Russia
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Rest of Europe
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Asia-Pacific
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China
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India
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Japan
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South Korea
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Rest of Asia-Pacific
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RoW
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Latin America
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Middle East
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Africa
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Key Players
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Ericsson
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Huawei Technologies Co. Ltd.
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Intel
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Nokia Corporation
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Qualcomm Technologies, Inc.
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Samsung Electronics
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AT&T, Inc.
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Verizon
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Hewlett Packard Enterprise (HPE)
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Mediatek, Inc.
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ZTE Corporation
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NEC Global
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Cisco Systems Inc.
REPORT SCOPE AND SEGMENTATION:
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Parameters |
Details |
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Analysis Period |
2021–2030 |
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Base Year Considered |
2021 |
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Forecast Period |
2022–2030 |
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Market Size Estimation |
Billion (USD) |
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Market Segmentation |
By Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network (RAN), and Distributed Antenna System (DAS)), by Technology Network (Software Defined Networking (SDN) and Network Function Virtualization (NFV), Mobile Edge Computing (MEC), and Fog Computing (FC)), by Chipset Type (Application-Specific Integrated Circuit (ASIC), Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips, and Field-Programmable Gate Array (FPGA), by Application (Automotive, Energy & Utilities, Healthcare, Retail, and Others) |
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Geographical Segmentation |
North America (The U.S., Canada, Mexico) Europe (The UK, Germany, France, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific), Rest of the World (Latin America, Middle East, Africa) |
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Companies Profiled |
Ericsson, Huawei Technologies Co. Ltd., Intel, Nokia Corporation, Qualcomm Technologies, Inc., Samsung Electronics, AT&T, Inc., Verizon, Hewlett Packard Enterprise (HPE), and Mediatek, Inc. |
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