PUBLISHER: Polaris Market Research | PRODUCT CODE: 1507204
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1507204
The global small cell 5G network market size is expected to reach USD 172.32 billion by 2032, according to a new study by Polaris Market Research. The report "Small Cell 5G Network Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Services); By Network Model; By Network Architecture; By Deployment Mode; By Frequency Type; By End-use; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Small cell networks are characterized by their distributed architecture, consisting of small, low-power base stations deployed in close proximity to users. This architecture enhances network capacity, improves coverage, and reduces latency, leading to better overall performance for 5G networks. The proliferation of bandwidth-intensive applications such as streaming video, online gaming, augmented reality (AR), and virtual reality (VR) drives the demand for high-speed data connectivity. Small cell networks help meet this demand by offloading traffic from macrocell networks and providing localized capacity where it's needed most.
The increasing global utility of smartphones is propelling the need for superior connectivity. This is encouraging technological companies to invest in infrastructure development and research activities to meet growing consumer demand.
According to the Ericsson Mobility Report 2023, the mobile data traffic per smartphone is expected to reach 75 GB monthly by 2029, up from 31 GB in 2023. This trend is likely to increase the adoption of small-cell 5G technology in the coming years.
The increasing number of companies showing interest in adopting a small cell 5G network to improve the performance of their product offerings is positively impacting the global market. For instance, in February 2024, Lattice Semiconductor announced upgrades to its ORAN solution stack, including the integration of 5G small cells to promote flexible bridging and reduce power capabilities.
The growing awareness about smart cities and rising global interest in the increasing working population, contributing to the increasing disposable income, are expected to create a favorable market for the small cell 5G network. Further, small cell networks offer opportunities for enterprise solutions, including private 5G networks for industrial automation, smart manufacturing, and campus environments. These networks provide dedicated connectivity tailored to specific business needs, enhancing efficiency and productivity.
The hardware segment is anticipated to witness the highest growth due to the growing demand for fixed network coverage.
In 2023, the non-standalone segment accounted for the largest share, owing to its ease of deployment and affordability.
The commercial segment garnered significant revenue share due to the growing number of companies utilizing the Internet.
Europe is projected to register the fastest growth, attributable to the increasing number of smartphone users.
The global players include Airspan Networks, Altiostar, Baicells Technologies, Ceragon, CommScope, Comba Telecom Systems Holdings, & Contela.
Polaris Market Research has segmented the small cell 5G network market report based on component, network model, network architecture, deployment mode, frequency type, end-use, and region:
Porter's Five Forces Analysis