IMARC Group's latest research report, titled "5G Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the 5G equipment market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global 5G equipment market size reached USD 17.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 225.0 Billion by 2032, exhibiting a growth rate (CAGR) of 31.59% during 2024-2032.
5G Equipment Market Trends:
The global 5G equipment market is experiencing robust growth driven by the escalating demand for high-speed internet and the exponential increase in data traffic . Businesses and consumers alike are seeking faster connectivity to support advanced applications like augmented reality, virtual reality, and seamless video streaming, which require substantial bandwidth. Additionally, the evolution of smart cities and the Internet of Things (IoT) where millions of devices interconnect and communicate, necessitates the deployment of extensive 5G infrastructure.
Moreover, government policies and financial support in various countries are accelerating the development and deployment of 5G networks. These initiatives are aimed at enhancing national connectivity infrastructures and boosting economic growth through advanced technological adoption. Moreover, ongoing technological advancements in 5G equipment, including improvements in network efficiency and energy consumption, contribute significantly to market expansion.
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5G Equipment Market Scope & Growth Analysis:
Regarding the scope and future growth of the market, it is poised for significant expansion. The market's scope encompasses a wide range of equipment, including 5G New Radio (NR) nodes, next-generation base stations, and specialized antennas, all of which are integral to the deployment of 5G networks. As telecom operators and enterprises worldwide invest heavily in upgrading their infrastructure to support 5G, the demand for these advanced equipment types is expected to surge.
Geographically, the Asia-Pacific region, led by countries such as China, South Korea, and Japan, is at the forefront of 5G deployment, which is expected to drive substantial market growth in this area. Furthermore, the ongoing research and development aimed at reducing the cost of 5G equipment and enhancing its deployment efficiency are creating a favorable market conditions. This growth is bolstered by the increasing number of partnerships between technology providers and telecom operators to expedite the availability of 5G services across various sectors, including healthcare, automotive, and manufacturing, thereby broadening the market's growth horizon.
Competitive Landscape with Key Players:
Airspan Networks
Cisco Systems Inc
CommScope
Fujitsu Limited
Huawei Technologies Co. Ltd.
NEC Corporation (AT&T Inc.)
Nokia Corporation
Qualcomm Inc.
Samsung Electronics Co. Ltd.
Telefonaktiebolaget LM Ericsson
ZTE Corporation
Key Market Segmentation:
Technology Insights:
Network Function Virtualization (NFV)
Software Defined Networking (SDN)
Multi-access Edge Computing (MEC)
Equipment Insights:
Macrocell
Small Cell
Others
According to the report, macrocell accounted for the largest market share.
Architecture Insights:
5G Standalone (NR + Core)
5G NR Non-Standalone (LTE Combined)
Frequency Insights:
Sub 6 GHz
Above 6 GHz
Application Insights:
Automotive
Consumer Electronics
Commercial
Industrial
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
Historical, Current, and Future Market Trends
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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