PUBLISHER: Grand View Research | PRODUCT CODE: 1630976
PUBLISHER: Grand View Research | PRODUCT CODE: 1630976
The global 5G devices market size is expected to reach USD 1,269.20 billion by 2030, growing at a CAGR of 36.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. Beyond consumers, the enterprise and industrial sectors are increasingly adopting 5G devices to improve efficiency and productivity. Businesses are integrating 5G capabilities into their operations, enabling tasks such as remote maintenance, augmented reality-based training, and autonomous robotics. These applications necessitate the use of 5G devices for seamless connectivity, which is instrumental in reducing operational costs and enhancing competitiveness.
Smart cities, which leverage advanced technologies to optimize urban living, are embracing 5G as a core component. From smart traffic management to efficient waste collection, these initiatives depend on 5G devices to function cohesively. As the development of smart cities continues, there is a growing demand for 5G-compatible devices that can support the data-intensive, interconnected systems crucial to these urban projects.
Government initiatives and regulations are playing a key role in driving the adoption of 5G devices. Many governments recognize the significance of 5G technology in bolstering their economies and enhancing connectivity for their citizens. They are implementing policies and regulations that support the deployment of 5G infrastructure, making it more accessible to the general public and various industries. The wider access to the 5G network is driving the demand for 5G devices.
Supply chain disruptions from the pandemic pushed device manufacturers to innovate and improve production processes, allowing for more cost-effective and widespread deployment of 5G devices. As the pandemic forced the world to adapt to new ways of living and working, it inadvertently fueled market growth. It plays a role in the broader rollout of 5G networks and fostering technological advancements that promise to reshape industries and consumer experiences for years to come.