5G Infrastructure Market TO Display Tremendous Growth Potential With A CAGR Of 13.5% By 2025 | Grand View Research, Inc.
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The ever-increasing popularity of 5G across the globe, along with its projected benefits, is expected to exponentially accelerate the growth of the 5G infrastructure market, as per a report by Grand View Research. The COVID-19 pandemic is expected to offer resistance to the industry advancement in the short-term.
The global 5G infrastructure market size is expected to reach USD 68.8 billion by 2027, according to a study by Grand View Research, Inc. It is projected to advance at an enormous CAGR of 59.6% over the forecast period. The continued increase in demand for effective and efficient communication networks has positively influenced the growth of the global 5G infrastructure industry. Significant investments have been made by communication service providers to deploy 5G infrastructure across the globe, with the aim to provide improved data services. Additionally, robust innovation in next-generation 5G network equipment and deployment modules is expected to help in bringing down the overall deployment costs for service providers. This is anticipated to positively influence developments in the global 5G infrastructure market. Furthermore, the growing demand for high bandwidth connectivity in areas such as accessing ultra-high-definition videos, and cloud-based AR/VR gaming, is expected to boost the industry advancement over the forecast period.
A wide range of critical industries, including manufacturing, oil and gas, mining, and energy and utility, are investing heavily in the deployment of 5G networks. The 5G network helps industrial facilities to enhance their overall productivity and operational efficiency. Thus, the growing need for high bandwidth capacity to establish unified connectivity to millions of Industrial IoT (IIoT) devices is expected to foster market growth over the forecast period. Another industry that is expected to hugely profit from 5G technology is the transportation and logistics industry, which is striving to build an autonomous ecosystem. In this regard, the deployment of 5G network will help deliver seamless data speed for various transport applications, including ships and ports, Vehicle-to-Everything (V2X), and drone connectivity. The healthcare sector has also emerged as a notable junction for 5G technology, wherein there is a notable demand for high-speed bandwidth capacity for emergency applications, such as remote patient surgeries.
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5G Infrastructure Market Report Highlights
• The continued focus on development of smart cities across the globe in recent years has accelerated the progress of the 5G infrastructure market, with regards to energy management and cloud storage applications
Based on component, RAN held the largest share of 46.3% in 2019 in the hardware segment of the 5G infrastructure market, owing to a significant rise in investments in deploying 5G cloud or centralized RAN across major countries such as the U.S., the U.K., Japan, and China
With the growing need to provide unified connectivity to several industrial sensors and collaborative robots, the industrial vertical segment is anticipated to witness considerable growth over the forecast period in the 5G infrastructure industry
By spectrum, the sub-6 GHz segment held the dominant share of 94.7% in 2019 in the 5G infrastructure market, on account of the high focus on the initial release of sub-6 GHz frequency bands by federal governments across key countries to deliver high-speed data services
The ongoing COVID-19 pandemic has adversely impacted the market for 5G infrastructure, as several telecom equipment manufacturers across the globe have temporarily halted the production and export of 5G equipment; furthermore, 5G spectrum auctions have also been suspended temporarily, thus denting industry growth prospects in the short term
Leading players in the 5G infrastructure market include Ericsson, Huawei, Samsung, ZTE, Cisco, CommScope, Fujitsu, HP, Altiostar, Airspan Networks, and Nokia Corporation. These companies are highly focused on establishing partnerships with leading service providers to enhance their geographical presence and market share
In April 2021, Etisalat teamed up with Nokia to provide ultra-fast 5G broadband services in the UAE. The two companies are collaborating on Etisalat’s autonomous 5G network that utilizes Etisalat A3 platform, in order to offer services to a larger group of consumers
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5G Infrastructure Market Segmentation
Grand View Research has segmented the global 5G infrastructure market on the basis of component, spectrum, network architecture, vertical, and region:
5G Infrastructure Component Outlook (Revenue, USD Billion, 2018 – 2027)
Hardware
Radio Access Network (RAN)
Core Network
Backhaul & Transport
Services
Consulting
Implementation & Integration
Support & Maintenance
Training & Education
5G Infrastructure Spectrum Outlook (Revenue, USD Billion, 2018 – 2027)
Sub-6 GHz
Low Band
Mid Band
mmWave
5G Infrastructure Network Architecture Outlook (Revenue, USD Billion, 2018 – 2027)
Standalone
Non-standalone
5G Infrastructure Vertical Outlook (Revenue, USD Billion, 2018 – 2027)
Residential
Enterprise/Corporate
Smart City
Industrial
Energy & Utility
Transportation & Logistics
Public Safety and Defense
Healthcare Facilities
Retail
Agriculture
Others
5G Infrastructure Regional Outlook (Revenue, USD Billion, 2018 – 2027)
North America
U.S.
Canada
Europe
U.K.
Germany
Italy
Russia
Asia Pacific
China
India
Japan
South Korea
Latin America
Brazil
Mexico
Middle East & Africa (MEA)
List of Key Players of 5G infrastructure Market
Huawei Technologies Co., Ltd.
Samsung Electronics Co., Ltd.
Nokia Corporation
Telefonaktiebolaget LM Ericsson
ZTE Corporation
NEC Corporation
Cisco Systems, Inc.
Fujitsu Limited
CommScope Inc
Comba Telecom Systems Holdings Ltd.
Altiostar
Airspan Networks
Casa Systems
Hewlett Packard Enterprise Development LP
Mavenir
Parallel Wireless
JMA Wireless
Ceragon
Aviat Networks, Inc.
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About Grand View Research
Grand View Research is an India & U.S. based market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services. The company’s rich database includes in-depth analysis across a range of industries including chemicals, materials, energy, healthcare, and technology, among others.
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Source: 5G Infrastructure Market TO Display Tremendous Growth Potential With A CAGR Of 13.5% By 2025 | Grand View Research, Inc.
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