5G Network Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

Description

The global 5G Network Equipment Market is on a trajectory of remarkable growth. In 2023, the market was valued at US$ 3.2 billion and is projected to reach US$ 14.41 billion by 2031, reflecting a robust CAGR of 20.9% from 2024 to 2031. This growth is fueled by technological advancements, increasing mobile data consumption, and demand for seamless connectivity. By 2024, the market is expected to value at US$ 3.81 billion, showcasing rapid adoption across various sectors.

5G technology is transforming communication, telecommunication, and IoT, acting as a vital link for delivering seamless user experiences. It ensures enhanced data speed, low latency, and improved connectivity for multiple devices. As mobile data traffic surges, solutions such as Cloud-RAN are addressing the need for efficient spectral efficiency, minimizing signal loss and radio interference.

Cloud-RAN Technology: Supports current 2G, 3G, 4G, and IoT connections while preparing for the upcoming 5G technology.
Macro Cells: Expected to be the fastest-growing product segment, with a growth rate of 21.3% CAGR, providing extensive radio coverage.

Key Market Drivers

1.Increasing Mobile Data Usage: The growing number of connected devices and demand for higher data speeds are driving the adoption of 5G technologies.

2.Advanced Equipment: Innovations in small cells, active antenna units, and baseband units are boosting market expansion.

3.Industrial Use: Industries are leveraging 5G for IoT communications, real-time data analysis, and enhanced operational efficiency.

4.Global Rollouts: Regulatory and infrastructural support in countries like the US and Germany is accelerating the deployment of 5G networks.

Opportunities in the 5G Network Equipment Market

The market is benefiting from rising investments in 5G research and development, leading to innovative solutions and wider adoption. The increasing trend of Bring Your Own Device (BYOD), particularly in Asian economies like India, is further amplifying demand for flexible and efficient connectivity solutions.

US Initiatives: The US has paved the way for 5G deployment by opening 11 GHz of high-frequency spectrum for fixed-use and mobile broadband.
Asian Growth Potential: Countries like India, with affordable data rates and smartphone penetration, present lucrative opportunities for 5G providers.
Industrial Advancements: Adoption in industries for improved latency, flexibility, and IoT connectivity drives significant demand.

Regional Analysis

The global 5G network equipment market showcases diverse regional dynamics:

North America:

Continues to lead the market with strong regulatory support and innovation by key industry players.
Strategic initiatives and technological advancements are driving sustained leadership in the region.

Europe:

Shows robust market activity, with significant focus on research, trials, and deployment of 5G technology.
Germany, in particular, stands out due to collaborations with major companies and ongoing investments in advanced technologies.

Asia Pacific:

Emerging as a dynamic market, driven by rapid mobile device adoption and affordable connectivity solutions.
Trends such as increased adoption of Bring Your Own Device (BYOD) and growing smartphone penetration contribute to regional growth.

Middle East and Africa:

Exhibits strong potential, fueled by expanding industrial and commercial applications of 5G technology.
Increasing interest in 5G infrastructure supports the region's growth prosp

Category-wise Insights

Fastest Growing Product: Macro Cells

The macro cell segment is anticipated to grow at a CAGR of 21.3% during the forecast period. Macro cells play a critical role in providing extensive geographical coverage, making them essential for 5G network deployment. Their adoption in communication technologies like LTE, IoT, and 5G further drives demand.

Leading End-Use Sector: Industrial Applications

The industrial sector accounts for the largest share, representing 29.5% of the market. Key use cases include:

Enhanced IoT communication.
Real-time manufacturing data analysis.
Multi-client service facilities.
Production line flexibility.

Competitive Analysis

The market includes several prominent players that continuously invest in R&D and strategic partnerships to enhance their product offerings. Key companies include:

Qualcomm Technologies, Inc.
Samsung Electronics Co., Ltd.
Nokia
Ericsson AB
Huawei Technologies Co., Ltd.
Cisco Systems, Inc.
ZTE Corporation

5G Network Equipment Market Segmentation

By Product:

Small Cells
AAU (Active Antenna Unit)
BBU (Baseband Unit)
Energy Supply Equipment
Macro Cells
RRU (Remote Radio Unit)
RF Filter
Phase Shifters
Others

By End Use:

Commercial 5G Network Equipment
Industrial 5G Network Equipment
5G Network Equipment for Government & Defence
Residential 5G Network Equipment

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global 5G Network Equipment Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global 5G Network Equipment Market Outlook, 2019 - 2031

3.1. Global 5G Network Equipment Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Small Cells
  - 3.1.1.2. AAU (Active Antenna Unit)
  - 3.1.1.3. BBU (Baseband Unit)
  - 3.1.1.4. Energy Supply Equipment
  - 3.1.1.5. Macro Cells
  - 3.1.1.6. RRU (Remote Radio Unit)
  - 3.1.1.7. RF Filter
  - 3.1.1.8. Phase Shifters
  - 3.1.1.9. Others
3.2. Global 5G Network Equipment Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Commercial 5G Network Equipment
  - 3.2.1.2. Industrial 5G Network Equipment
  - 3.2.1.3. 5G Network Equipment for Government & Defence
  - 3.2.1.4. Residential 5G Network Equipment
3.3. Global 5G Network Equipment Market Outlook, by Region, Value (US$ Bn), 2019 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America 5G Network Equipment Market Outlook, 2019 - 2031

4.1. North America 5G Network Equipment Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Small Cells
  - 4.1.1.2. AAU (Active Antenna Unit)
  - 4.1.1.3. BBU (Baseband Unit)
  - 4.1.1.4. Energy Supply Equipment
  - 4.1.1.5. Macro Cells
  - 4.1.1.6. RRU (Remote Radio Unit)
  - 4.1.1.7. RF Filter
  - 4.1.1.8. Phase Shifters
  - 4.1.1.9. Others
4.2. North America 5G Network Equipment Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Commercial 5G Network Equipment
  - 4.2.1.2. Industrial 5G Network Equipment
  - 4.2.1.3. 5G Network Equipment for Government & Defence
  - 4.2.1.4. Residential 5G Network Equipment
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America 5G Network Equipment Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 4.3.1.2. U.S. 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 4.3.1.3. Canada 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 4.3.1.4. Canada 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe 5G Network Equipment Market Outlook, 2019 - 2031

5.1. Europe 5G Network Equipment Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Small Cells
  - 5.1.1.2. AAU (Active Antenna Unit)
  - 5.1.1.3. BBU (Baseband Unit)
  - 5.1.1.4. Energy Supply Equipment
  - 5.1.1.5. Macro Cells
  - 5.1.1.6. RRU (Remote Radio Unit)
  - 5.1.1.7. RF Filter
  - 5.1.1.8. Phase Shifters
  - 5.1.1.9. Others
5.2. Europe 5G Network Equipment Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Commercial 5G Network Equipment
  - 5.2.1.2. Industrial 5G Network Equipment
  - 5.2.1.3. 5G Network Equipment for Government & Defence
  - 5.2.1.4. Residential 5G Network Equipment
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe 5G Network Equipment Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 5.3.1.2. Germany 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.3.1.3. U.K. 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 5.3.1.4. U.K. 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.3.1.5. France 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 5.3.1.6. France 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.3.1.7. Italy 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 5.3.1.8. Italy 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.3.1.9. Turkey 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 5.3.1.10. Turkey 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.3.1.11. Russia 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 5.3.1.12. Russia 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.3.1.13. Rest of Europe 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 5.3.1.14. Rest of Europe 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific 5G Network Equipment Market Outlook, 2019 - 2031

6.1. Asia Pacific 5G Network Equipment Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Small Cells
  - 6.1.1.2. AAU (Active Antenna Unit)
  - 6.1.1.3. BBU (Baseband Unit)
  - 6.1.1.4. Energy Supply Equipment
  - 6.1.1.5. Macro Cells
  - 6.1.1.6. RRU (Remote Radio Unit)
  - 6.1.1.7. RF Filter
  - 6.1.1.8. Phase Shifters
  - 6.1.1.9. Others
6.2. Asia Pacific 5G Network Equipment Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Commercial 5G Network Equipment
  - 6.2.1.2. Industrial 5G Network Equipment
  - 6.2.1.3. 5G Network Equipment for Government & Defence
  - 6.2.1.4. Residential 5G Network Equipment
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific 5G Network Equipment Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 6.3.1.2. China 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 6.3.1.3. Japan 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 6.3.1.4. Japan 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 6.3.1.5. South Korea 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 6.3.1.6. South Korea 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 6.3.1.7. India 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 6.3.1.8. India 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 6.3.1.9. Southeast Asia 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 6.3.1.10. Southeast Asia 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 6.3.1.11. Rest of Asia Pacific 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 6.3.1.12. Rest of Asia Pacific 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America 5G Network Equipment Market Outlook, 2019 - 2031

7.1. Latin America 5G Network Equipment Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Small Cells
  - 7.1.1.2. AAU (Active Antenna Unit)
  - 7.1.1.3. BBU (Baseband Unit)
  - 7.1.1.4. Energy Supply Equipment
  - 7.1.1.5. Macro Cells
  - 7.1.1.6. RRU (Remote Radio Unit)
  - 7.1.1.7. RF Filter
  - 7.1.1.8. Phase Shifters
  - 7.1.1.9. Others
7.2. Latin America 5G Network Equipment Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Commercial 5G Network Equipment
  - 7.2.1.2. Industrial 5G Network Equipment
  - 7.2.1.3. 5G Network Equipment for Government & Defence
  - 7.2.1.4. Residential 5G Network Equipment
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America 5G Network Equipment Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 7.3.1.2. Brazil 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 7.3.1.3. Mexico 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 7.3.1.4. Mexico 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 7.3.1.5. Argentina 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 7.3.1.6. Argentina 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 7.3.1.7. Rest of Latin America 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 7.3.1.8. Rest of Latin America 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa 5G Network Equipment Market Outlook, 2019 - 2031

8.1. Middle East & Africa 5G Network Equipment Market Outlook, by Product, Value (US$ Bn), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Small Cells
  - 8.1.1.2. AAU (Active Antenna Unit)
  - 8.1.1.3. BBU (Baseband Unit)
  - 8.1.1.4. Energy Supply Equipment
  - 8.1.1.5. Macro Cells
  - 8.1.1.6. RRU (Remote Radio Unit)
  - 8.1.1.7. RF Filter
  - 8.1.1.8. Phase Shifters
  - 8.1.1.9. Others
8.2. Middle East & Africa 5G Network Equipment Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Commercial 5G Network Equipment
  - 8.2.1.2. Industrial 5G Network Equipment
  - 8.2.1.3. 5G Network Equipment for Government & Defence
  - 8.2.1.4. Residential 5G Network Equipment
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa 5G Network Equipment Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 8.3.1.2. GCC 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 8.3.1.3. South Africa 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 8.3.1.4. South Africa 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 8.3.1.5. Egypt 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 8.3.1.6. Egypt 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 8.3.1.7. Nigeria 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 8.3.1.8. Nigeria 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
  - 8.3.1.9. Rest of Middle East & Africa 5G Network Equipment Market by Product, Value (US$ Bn), 2019 - 2031
  - 8.3.1.10. Rest of Middle East & Africa 5G Network Equipment Market by End Use, Value (US$ Bn), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Product vs by End Use Heatmap
9.2. Company Market Share Analysis, 2024
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Becton, Dickinson and Company
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Qualcomm Technologies, Inc.
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Product Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Samsung Electronics Co., Ltd
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Product Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. NEC Corporation
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Product Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. Huawei Technologies Co., Ltd.
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Product Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Development
- 9.4.6. ZTE Corporation
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Product Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Nokia
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Product Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Ericsson AB
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Product Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Development
- 9.4.9. Cisco Systems, Inc.
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Product Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. CommScope
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Product Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. Airspan Networks, Inc.
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Product Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development
- 9.4.12. Equinix, Inc.
  - 9.4.12.1. Company Overview
  - 9.4.12.2. Product Portfolio
  - 9.4.12.3. Financial Overview
  - 9.4.12.4. Business Strategies and Development
- 9.4.13. Qorvo, Inc.
  - 9.4.13.1. Company Overview
  - 9.4.13.2. Product Portfolio
  - 9.4.13.3. Financial Overview
  - 9.4.13.4. Business Strategies and Development
- 9.4.14. Hitachi, Ltd.
  - 9.4.14.1. Company Overview
  - 9.4.14.2. Product Portfolio
  - 9.4.14.3. Financial Overview
  - 9.4.14.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations