5G Network Equipment Market Segmented By 5G Enterprise, 5G Equipment, 5G Infrastructure, 5G Testing Equipment, Small Cell 5G Network
Industry: IT and Telecommunication
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 350
Report ID: PMRREP22567
The market for 5G network equipment was valued at US$ 2,732.2 Mn in 2022, and by the end of 2033, it is expected to have grown to US$ 17,456.1 Mn. The market for 5G network equipment is estimated to valuate to US$ 3,224.2 Mn in 2023.and is predicted to grow at a CAGR of 18.4% from 2023 to 2033.
Connecting multiple devices, technologies, and communication approaches, 5G will act as the missing link in providing seamless user experience, revolutionizing how telecommunication, computing, and IoT is delivered and experienced by end users.
Rapid growth in mobile data traffic calls for much more efficient spectral efficiency. Cloud-RAN helps in bringing spectral efficiency, as this technology minimizes signal loss and radio Interference, which was a constant bug in traditional radio technology. This advantage of C-RAN presents telecom operators a network which is heterogeneous and self-organizing, as C-RAN not only supports access to the present 2G, 3G, TD-LTE, FDDLTE, 4G, and IoT connections, but also makes provision for the upcoming 5G technology expected to be made commercial by 2023.
The 5G network equipment market will see new opportunities presented by the rising popularity of 5G network equipment. The market will benefit from the investments made by businesses and the advancements in technology of 5G network equipment. In terms of the regional market landscape, the market in North America held a leading market share of 24.4% in the global landscape in 2022 and is anticipated to retain its leading position throughout the forecast period. Meanwhile, demand for 5G network equipment in the Europe region will hold around 21.2% of the market in 2022.
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Attribute |
Details |
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5G Network Equipment Market Size (2023) |
US$ 3,224.3 Mn |
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Projected Market Value (2033) |
US$ 17,456.1 Mn |
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Global Market Growth Rate (2023-2033) |
18.4% |
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Active Antenna Market Share (2022) |
23.1% |
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India Market Growth Rate (2022) |
19.6% |
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Remote Radio Unit Market Share (2022) |
17.4% |
“Complexity in network deployment”
Rapid growth in mobile data traffic calls for much more efficient spectral efficiency. Cloud RAN minimizes the loss of signals through radio interference and other factors, this is an improvement, since the traditional radio technology suffered from this. This advantage of C-RAN presents telecom operators a network which is heterogeneous and self-organizing, as C-RAN not only supports access to the present 2G, 3G, TD-LTE, FDDLTE, 4G, and IoT connections, but also makes provision for the upcoming 5G technology expected to be made commercial by 2020.
“Regular innovations among competitors”
The US is expected to be the first country to deploy 5G wireless applications and networks at scale, but regulators are paving the way for rapidly growing next-generation services. In North America, companies joined forces to deploy 5th generation wireless technology. Moreover, the U.S. federal commission has decided to open a high-frequency spectrum of around 11GHz for fixed-use, flexible wireless and mobile broadband.
“Strong Presence of International Players”
In the European region, countries such as Germany, France, and the United Kingdom are seen leading research into commercializing 5G technology.
Companies such as Verizon, Ericsson and Qualcomm are testing different frequency spectrums and advanced technologies to efficiently roll out 5G in Germany and other European countries. Moreover, these companies have launched customer trails in multiple regions and will form the base for 5G, which will then be globally adopted. According to the report, Germany is recognized as a major market and is expected to maintain high demand for 5G network equipment during the forecast period.
“Increase in Mobile Device Adoption”
India is one of the growing economies and is expected to offer a lucrative market for 5G network equipment providers. Presently, companies in India and other Asian countries are focusing on adopting Bring Your Own Device (BYOD) to increase productivity by using resources flexibly to meet growing business needs.
Moreover, the significant increase in mobile device adoption in India is due to several factors, including low data rates, smartphone penetration and low prices of mobile devices may further increase the demand for 5G technology in India at a CAGR of 19.6% over the forecast period.
Which 5G Network Equipment is Estimated to be the Fastest Growing?
“Growth in the Adoption of Macro Cells”
Based on products, the macro cell segment is expected to expand at growth rate of over 21.3% for the forecast period, a macro cell is an antenna unit located in a cell tower that provides radio coverage over a large geographical area.
Increasing adoption rate of macro cells in communication technologies such as 5G Technology, LTE networks and Internet of Things (IoT) results in demand for macro cells, set to support market growth for the forecast period 2023-2033.
Why Industrial Sector Holds the Largest Market Share for 5G Network Equipment?
“Various Use Cases in the Industrial Sector for 5G Network Equipment”
The industrial sector is expected to account for 29.5% of the 5G network equipment market by end use. Demand for 5G technology is growing rapidly in various industrial use cases such as enhanced industrial Internet of Things (IoT) communications, real-time collection and analysis of manufacturing process data, multi-client serving facilities and production line flexibility.
Recent trends in 5G network devices in the industrial consumer segment include increasing effective use of cloud RAN technology for industrial control systems, increased flexibility and reduced latency compared to current 4G LTE technology, industrial wireless communication services.
Major 5G Network Equipment companies are collaborating with other organizations and launching new products to provide more care.
Recent developments related to key players providing 5G network equipment Market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2018-2022 |
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Market Analysis |
US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Product:
By End Use:
By Region:
To know more about delivery timeline for this report Contact Sales
In 2022, the market value of 5G Network Equipment was US$ 2,732.2 Mn.
The global 5G Network Equipment Market is estimated to advance at a 18.4% CAGR through 2033.
The market for 5G Network Equipment is forecasted to climb to US$ 17,456.1 Mn by 2033 end.
Demand for 5G Network Equipment Market in India is projected to rise at a CAGR of 19.6% over the forecast period.
In 2022, the North America 5G Network Equipment Market held a dominant market share of 24.4%.
