The global 5G market size was valued at USD 41.20 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 30.2% during the forecast period, reaching a value of USD 152.33 billion by 2030.
5G market research report by Future Data Stats, offers a comprehensive view of the market's historical data from 2018 to 2021, capturing trends, growth patterns, and key drivers. It establishes 2022 as the base year, analyzing the market landscape, consumer behavior, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2023 to 2030, leveraging data analysis techniques to project the market's growth trajectory, emerging opportunities, and anticipated challenges.
MARKET OVERVIEW:
5G, short for fifth-generation, represents the latest and most advanced standard in wireless communication technology. It is designed to provide faster data speeds, lower latency, and increased capacity compared to its predecessors, particularly 4G LTE. 5G technology achieves this by utilizing higher-frequency radio waves, which offer increased bandwidth and data transfer rates.
This transformative technology opens the doors to a wide range of applications, from ultra-high-definition video streaming and virtual reality experiences to enabling the Internet of Things (IoT) and the connectivity of various smart devices. In essence, 5G is poised to revolutionize how we connect and communicate, driving innovation across industries and enhancing our digital experiences.
MARKET DYNAMICS:
The insatiable demand for faster and more reliable connectivity, both in urban and rural areas. The need for high-speed data transmission and low latency is driven by the growing consumption of video content, the proliferation of smart devices, and the increasing reliance on remote services and applications. The deployment of 5G networks is seen as a crucial solution to meet these escalating demands.
Despite these drivers, the 5G market faces certain restraints, including the high infrastructure costs associated with building 5G networks. The rollout of 5G infrastructure requires substantial investments in advanced technologies like small cells and millimeter-wave spectrum, and this can pose financial challenges for telecom companies and governments. Furthermore, concerns related to security and privacy in 5G networks are notable restraints, as the increased complexity of these networks can create new vulnerabilities. However, these challenges are met with opportunities in areas such as the Internet of Things (IoT), autonomous vehicles, and smart cities, where 5G technology is poised to revolutionize connectivity and enable a myriad of applications.
5G MARKET SEGMENTAL ANALYSIS
BY TYPE:
eMBB is one of the central pillars of 5G technology, offering significantly enhanced data speeds and capacity compared to previous generations. It empowers users to enjoy high-quality video streaming, gaming, and multimedia experiences with reduced latency. eMBB is expected to revolutionize the mobile data landscape, enabling a seamless and immersive connection for consumers and enterprises alike.
URLLC is designed to provide unparalleled reliability and low latency, making it ideal for applications that demand real-time responsiveness and precision. Industries like healthcare, manufacturing, and autonomous vehicles can benefit from URLLC, as it ensures near-instantaneous communication with minimal delay. This type of 5G connectivity is crucial for applications where split-second decisions are vital.
mMTC is the foundation for connecting the Internet of Things (IoT) on an unprecedented scale. It enables a vast number of devices to communicate simultaneously, making it suitable for smart cities, industrial IoT, and other applications where a massive number of devices need to exchange data efficiently.
BY APPLICATION:
5G technology brings remarkable improvements to the consumer experience, enabling ultra-fast downloads, seamless video streaming, and immersive augmented and virtual reality (AR/VR) experiences. Consumers can enjoy 5G's capabilities in their everyday lives, whether it's streaming high-definition content on their smartphones or experiencing lag-free gaming. The rise of smart homes, connected devices, and wearable technology is also heavily dependent on 5G connectivity. As such, consumer applications are driving the demand for 5G networks, shaping the landscape of the telecommunications industry.
Enterprises represent a key sector that leverages 5G's capabilities for a wide range of applications. In the enterprise segment, 5G enables real-time communication and data transfer, fostering innovations in industrial automation, autonomous vehicles, smart manufacturing, and healthcare. Enterprises benefit from 5G's ultra-reliable and low-latency communication (URLLC) for mission-critical operations and applications. From remote surgery and smart factories to augmented reality for training and field service, 5G technology is empowering businesses to enhance productivity and unlock new possibilities.
REGIONAL ANALYSIS:
The United States, in particular, has witnessed significant investments in 5G infrastructure, making it one of the key drivers for the technology's expansion. North America's mature digital landscape, coupled with a growing appetite for high-speed data and low latency, positions it as a dominant player in the 5G market.
Countries within the European Union have been actively rolling out 5G networks, offering advanced services to consumers and facilitating technological advancements in various industries. Europe is focusing on creating a regulatory framework to ensure the security and development of 5G networks, setting the stage for widespread adoption. With increasing investments and collaboration with telecom operators, Europe is on the path to dominating the 5G market, providing the foundation for the Internet of Things (IoT) and smart city initiatives.
It boasts a blend of developed markets, such as South Korea and Japan, and rapidly emerging economies like China and India. These countries are at the forefront of 5G deployment, with strong government support and massive infrastructure investments. Asia Pacific is expected to continue its domination in 5G adoption, driven by a tech-savvy population and a vast market for a wide range of applications, from consumer services to industrial solutions.
Latin America, the Middle East, and Africa are progressively exploring the opportunities presented by 5G. While adoption in these regions may be more gradual compared to North America, Europe, and Asia, the rollout of 5G networks is gaining momentum. In Latin America, countries like Brazil and Mexico are leading the way, and in the Middle East, the United Arab Emirates and Saudi Arabia are early adopters. Africa is also witnessing a growing interest in 5G, with a focus on bridging the digital divide and enhancing connectivity in various sectors.
COVID-19 IMPACT:
On one hand, it disrupted supply chains and delayed the rollout of 5G infrastructure, causing temporary setbacks. However, the pandemic also highlighted the growing importance of robust and reliable connectivity, which accelerated the demand for 5G in certain sectors. As remote work, telemedicine, and online education became the norm, the need for high-speed, low-latency networks was emphasized. The pandemic underscored 5G's significance in supporting digital transformation across industries. Additionally, it prompted governments and businesses to recognize the essential role of 5G in building resilient and flexible communication networks.
While COVID-19 did pose challenges to the 5G market, it also acted as a catalyst for innovation and the rapid deployment of 5G technology in response to the changing global landscape. The pandemic has highlighted the critical role that 5G plays in enabling a wide range of applications, from remote work and telehealth to smart cities and IoT, making it an integral part of the post-pandemic recovery and future-proofing strategies.
INDUSTRY ANALYSIS:
Mergers & Acquisitions
- Nokia and Ericsson merge their radio access networks businesses: This merger creates a new global leader in 5G RAN equipment, with a combined market share of over 30%.
- Qualcomm acquires Nuvia: This acquisition gives Qualcomm access to Nuvia's high-performance CPU technology, which could be used to develop new 5G chipsets.
- Intel sells its 5G modem business to Apple: This deal gives Apple more control over its 5G modem design and manufacturing, and could lead to more innovative 5G products from Apple.
Product New Launches
- Nokia launches new 5G RAN products based on its ReefShark chipset: These new products offer higher performance and lower power consumption than Nokia's previous generation 5G RAN products.
- Ericsson launches its new Ericsson Silicon platform: This platform includes a new 5G modem chipset, as well as other components for 5G base stations.
- Qualcomm launches its new Snapdragon X75 5G modem chipset: This chipset is the world's first 5G modem chipset to support 10Gbps data speeds.
KEY MARKET PLAYERS:
- Huawei Technologies Co., Ltd.
- Ericsson
- Nokia Corporation
- Qualcomm Incorporated
- Samsung Electronics Co., Ltd.
- Cisco Systems, Inc.
- ZTE Corporation
- AT&T Inc.
- Verizon Communications Inc.
- China Mobile Limited
- Deutsche Telekom AG
- T-Mobile US, Inc.
- Telefonaktiebolaget LM Ericsson
- Intel Corporation
- SK Telecom Co., Ltd.
- NTT DOCOMO, INC.
- Telefonica S.A.
- Orange S.A.
- Vodafone Group
- KT Corporation
- Sprint Corporation
- China Telecom Corporation Limited
- LG Electronics Inc.
- Bharti Airtel Limited
- China Unicom (Hong Kong) Limited
- others
Table of Contents
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Introduction
- Market Definition
- Research Methodology
- Market Segmentation
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Executive Summary
- Key Findings
- Market Overview
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Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
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5G Market by Communication Infrastructure
- Small Cell
- Macro Cell
- Radio Access Network (RAN)
- Distributed Antenna System (DAS)
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5G Market by Core Network Technology
- Software-Defined Networking (SDN)
- Network Functions Virtualization (NFV)
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5G Market by Network Type
- Enhanced Mobile Broadband (eMBB)
- Ultra-Reliable Low Latency Communication (URLLC)
- Massive Machine Type Communication (mMTC)
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5G Market by Deployment
- Standalone (SA)
- Non-Standalone (NSA)
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5G Market by End-User Industry
- Automotive
- Healthcare
- Manufacturing
- Retail
- Smart Cities
- Energy and Utilities
- Others
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5G Market by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape
- Key Players
- Company Profiles
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Market Outlook and Future Trends
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Appendix
- Glossary
- List of Abbreviations
- References
5G Market Segmentation
By Type:
- Enhanced Mobile Broadband (eMBB)
- Ultra-Reliable Low Latency Communication (URLLC)
- Massive Machine Type Communication (mMTC)
By Application:
- Consumer
- Enterprise
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RESEARCH METHODOLOGY
With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.
This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.
Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.
With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:
- Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through a well-audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of the marketplace
With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.
The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.
Primary Research:
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Primary Research
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Desk Research
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Company Analysis
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• Identify key opinion leaders • Questionnaire design • In-depth Interviews • Coverage across the value chain
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• Company Website • Company Annual Reports • Paid Databases • Financial Reports
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• Market Participants • Key Strengths • Product Portfolio • Mapping as per Value Chain • Key focus segment
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Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.
The aforementioned helps to:
- Validate and improve data quality and strengthen the research proceeds
- Develop a market understanding and expertise
- Supply authentic information about the market size, share, growth, and forecasts
The primary research interview and discussion panels comprise experienced industry personnel.
These participants include, but are not limited to:
- Chief executives and VPs of leading corporations specific to an industry
- Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research:
A broad array of industry sources for the secondary research typically includes, but is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for a competitive scenario and shape of the industry
- Patent and regulatory databases to understand technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles, web-casts, and other related releases to evaluate the market
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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PRIMARY SOURCES |
DATA SOURCES |
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• Top executives of end-use industries • C-level executives of the leading Parenteral Nutrition companies • Sales manager and regional sales manager of the Parenteral Nutrition companies • Industry Consultants • Distributors/Suppliers
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• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Government Agencies’ Publications • Industry Publications • Paid Databases
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Analyst Tools and Models:
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BOTTOM-UP APPROACH |
TOP-DOWN APPROACH |
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· Arriving at · Arriving at · Market Share · Key Market Players |
· Key Market Players · Market Share · Arriving at · Arriving at |
5G Market Dynamic Factors
Drivers:
- Increasing demand for high-speed data and low latency connectivity.
- Growth in the Internet of Things (IoT) and smart city applications.
- Advancements in technology, such as edge computing and network slicing.
- Support for mission-critical applications in healthcare and manufacturing.
- Strong government initiatives and investments in 5G infrastructure.
- Enhanced mobile broadband experiences for consumers.
- Growing need for remote work and telehealth solutions.
Restraints:
- High infrastructure costs for 5G network deployment.
- Security and privacy concerns with complex 5G networks.
- Regulatory challenges related to spectrum allocation.
- Limited coverage in rural and remote areas.
- Compatibility issues with legacy systems.
- Potential for network congestion and spectrum shortages.
Opportunities:
- Expansion of 5G into emerging markets.
- New business models and revenue streams for telecom operators.
- Acceleration of autonomous vehicles and Industry 4.0.
- Enabling smart cities and sustainable urban development.
- Innovations in augmented reality (AR) and virtual reality (VR).
- Enhanced mobile gaming and entertainment experiences.
- Growth in the use of 5G for public safety and disaster response.
Challenges:
- Standardization and interoperability challenges.
- Need for a skilled workforce to manage 5G networks.
- Addressing concerns about electromagnetic field exposure.
- Ensuring equitable access to 5G technology.
- Navigating legal and regulatory hurdles.
- Potential for increased cyber threats in 5G networks.
- Maintaining affordability for consumers and businesses.
Frequently Asked Questions
