PUBLISHER: Meticulous Research | PRODUCT CODE: 1518327
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518327
5G Infrastructure Market by Component (Base Station, Radio Access Network (RAN), Transport Network, Core Network), Network Architecture (5G NR Standalone, 5G NR Non-Standalone), Spectrum, and Geography-Global Forecast to 2031.
The research report titled '5G Infrastructure Market by Component (Base Station, Radio Access Network (RAN), Transport Network, Core Network), Network Architecture (5G NR Standalone, 5G NR Non-Standalone), Spectrum, and Geography-Global Forecast to 2031' provides an in-depth analysis of global 5G infrastructure market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The global 5G infrastructure market is projected to reach $212.4 billion by 2031, at a CAGR of 38.1% from 2024 to 2031.
The growth of the 5G infrastructure market is driven by the increasing demand for M2M connections across the industrial sector, increasing government investments in the 5G network, and diverse applications of 5G across IoT and other connectivity technologies. However, high physical infrastructure dependency and installation costs may restrain the market's growth.
Furthermore, the execution of multiple smart city projects globally and the rapid adoption of Industry 4.0 are expected to create market growth opportunities. However, delays in the introduction of 5G connectivity in developing countries are some of the challenges impacting the market's growth. Moreover, the rapid adoption of cloud computing across SMEs and advancements in IoT technology are prominent trends in the 5G infrastructure market.
The 5G infrastructure market is segmented by component (hardware (base station (macro cell, small cell (pico cell, femto cell, metro cell)), radio access network (RAN) (base band unit (distributed unit, centralized unit)), transport network (fronthaul, backhaul, midhaul), core network (gateway, other core networks), antennas, other hardware), software (software-defined networking (SDN), network function virtualization (NFV), cloud RAN), services (managed services, professional services, network services), network architecture (5G NR standalone (SA), 5G NR non-standalone (NSA)), spectrum (600 MHz to 2 GHz (low-band), 2 GHz to 6 GHz (mid-band), above 6 GHz (high-band)). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on component, the 5G infrastructure market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of the global 5G infrastructure market. The large market share of this segment is attributed to the rapid deployment of 5G RAN with small cell base stations and increasing demand for RAN from communication service providers. Moreover, the hardware segment is projected to register the highest CAGR during the forecast period.
Based on network architecture, the 5G infrastructure market is segmented into 5G NR standalone (SA) and 5G NR non-standalone (NSA). In 2024, the 5G NR Non-standalone (NSA) segment is expected to account for the larger share of the global 5G infrastructure market. The large market share of this segment is attributed to the rising need for higher data transfer speeds, reliable communications, and increasing delivery efficiency at a low cost in existing architecture. However, the 5G NR standalone (SA) segment is projected to register the highest CAGR during the forecast period.
Based on spectrum, the 5G infrastructure market is segmented into 600 MHz to 2 GHz (low-band), 2 GHz to 6 GHz (mid-band), and above 6 GHz (high-band). In 2024, the 2 GHz to 6 GHz (mid-band) segment is expected to account for the largest share of the global 5G infrastructure market. The large market share of this segment is attributed to the rising investment by communication service providers to offer mid-band spectrum and the increasing demand for high-speed internet. Moreover, the 2 GHz to 6 GHz (mid-band) segment is projected to register the highest CAGR during the forecast period.
Based on geography, the 5G infrastructure market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global 5G infrastructure market. Asia-Pacific's large market share is attributed to supportive government initiatives, the presence of prominent players offering 5G infrastructure in the region, and the growing adoption of advanced technologies such as IoT and M2M communication. Additionally, the infrastructural growth in APAC, especially in China, South Korea, and Japan, and the increasing investments in 5G network technology and smart city initiatives are driving the growth of this regional market. Moreover, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period.
The key players operating in the 5G infrastructure market are Telefonaktiebolaget LM Ericsson (Sweden), Cisco Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), AT&T Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), T-Mobile US, Inc. (U.S.), Ciena Corporation (U.S.), ZTE Corporation (China), Nokia Corporation (Finland), CommScope Inc. (U.S.), Vodafone Limited (U.K.), NEC Corporation (Japan), American Tower Corporation (U.S.), MediaTek Inc. (Taiwan), and Comba Telecom Systems Holdings Ltd. (China).
5G Infrastructure Market Assessment-by Component
5G Infrastructure Market Assessment-by Network Architecture
5G Infrastructure Market Assessment-by Spectrum
5G Infrastructure Market Assessment-by Geography