New York, July 10, 2023 (GLOBE NEWSWIRE) -- The Global 5G infrastructure Market size accounted for USD 6 Bn in 2022. It is projected to surpass around USD 165.3 Bn by 2032, and it is poised to reach a CAGR of 40.5% from 2023 to 2032.
5G infrastructure consists mainly of Radio Access Networks (RAN), transport, core networks, and backhaul. The backhaul network and transport network include microwave antennas or fiber optics. The increasing demand for improved bandwidth connectivity having low latency for many vital applications, such as drone connectivity and vehicle-to-everything, is expected to fuel the growth of the global 5G infrastructure market.
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Key Takeaway
- By Component, hardware leads the segment by covering the revenue share of 51% in the global 5G infrastructure market.
- By Network Architecture, the global 5G infrastructure market was dominated by the non-standalone (NSA) network architecture.
- By Vertical, enterprise/corporate-led the segment by holding a significant share in the market.
- Asia Pacific held a major revenue share of approximately 40% in 2022
- North America is anticipated to grow significantly over the forecast period.
Due to the urgent need to communicate quickly with first responders in emergencies, 5G infrastructure is being deployed more widely across government and public safety agencies. The demand for next-generation high-speed networks is expected to increase, especially for healthcare applications.
Factors Affecting the Growth of the 5G Infrastructure Market
Several factors can affect the growth of the 5G infrastructure market. Some of these factors include:
- High Demand from Energy Sector: High-speed internet connectivity is a growing requirement across all energy production and distribution applications. This will drive tremendous growth in the utility and energy sectors. In order to improve connectivity between containers/vessels, ships, and remote locations for effective monitoring, 5G technology will be a major driver in the transport and logistics sector.
- Advancing Technology: with advancing technology, the demand for high-speed networks is rising significantly worldwide. Individuals are demanding high-speed technology to save time and have a good experience. This is boosting the growth of the 5G infrastructure market.
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Top Trends in the Global 5G Infrastructure Market
In order to develop next-generation network infrastructure and get an early advantage, many key players are seeking strategic partnerships with service provider partners and adopting market trends to strengthen their position in the market. Telesat joined forces with ENCQOR 5G for pilots, trials, and demonstrations of 5G connectivity. These pilots were especially beneficial to rural industries in Canada. Adopting radio access network from the major companies in the market is primarily boosting the growth of the global 5G infrastructure market.
Market Growth
Multiple companies are working together to implement technological changes to remain competitive in an increasingly competitive marketplace. The companies are collaborating to provide the 5G network across various regions across the world. This is positively affecting the growth of the global 5G infrastructure market. Moreover, rapidly advancing technology is also expected to boost the growth of the global 5G infrastructure market over the forecast period.
Regional Analysis
The Asia Pacific leads the 5G infrastructure market by holding 40% of the total revenue share in the account. This is due to the aggressive deployment by the major communication service providers of the new 5G Radio Infrastructure. The market for the region is expected to grow strongly during the forecast period. After Asia Pacific, North America is expected to grow significantly over the forecast period. The number of investments made by the companies to deploy 5G infrastructure is expected to boost regional market growth. The rising demand for high-speed internet to create autonomous factories will also increase the use of next-generation infrastructure. These key factors are expected to boost the growth of 5G infrastructure in North America over the forecast period.
Competitive Landscape
The competitive landscape of the market has also been examined in this report. Some of the major players include Huawei Technologies Co. Ltd., Cisco Systems Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, NEC Corporation, ZTE Corporation, Fujitsu Limited, CommScope Inc., Nokia Corporation, etc.
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Scope of Report
| Report Attribute | Details |
| Market Value (2022) | USD 6 Bn |
| Market Size (2032) | USD 165.3 Bn |
| CAGR (from 2023 to 2032) | 40.5% |
| Asia-Pacific Revenue Share | 40% |
| Historic Period | 2016 to 2022 |
| Base Year | 2022 |
| Forecast Year | 2023 to 2032 |
Market Drivers
The high demand from the healthcare sector for the 5G network in developed countries is now emphasizing remote diagnosis and surgeries for patients. The 5G infrastructure and next-generation technology market is anticipated to grow to ensure remote patient surgeries are conducted with continuous data connectivity. 5G technology is expected to provide an improved user experience for several use cases, such as seamless video calling and Ultra-High Definition video (UHD) video. These key factors are driving the growth of the global 5G infrastructure market.
Market Restraints
The implementation of a 5G network requires high frequencies for seamless operation. However, the high frequencies are preoccupied with various applications like governmental agencies and telecommunication services. The conflict has been seen in the allocation of frequency bands in many parts of the world. There is no clarity on the band allocation for the 5G network. These key factors obstruct the growth of the global 5G infrastructure market.
Market Opportunities
During the forecast period, the 5G infrastructure deployment will be boosted by the continuing emphasis on improving energy monitoring, management and the need to have better control over distribution networks and energy generation. The major companies in the market are focusing on developing more efficient and faster 5G network bands. With advancing technology, the 5G infrastructure market is expected to create many opportunities for companies in the market.
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Report Segmentation of the 5G Infrastructure Market
Component Insight
The hardware segment dominated the 5G infrastructure market with a major market share of 51%. This is due to 5G RAN’s robust deployment with multiple small cells and microcells-base stations around the globe. Network service providers are rapidly adopting virtual and centralized RAN to reduce infrastructure costs and simplify network complexities. Software-defined Networking technology (SDN) is also anticipated to play an important part in the segment’s growth during the forecast period.
The forecast period will witness significant growth in the core network segment under hardware. The core network plays a vital role in handling network traffic and storing consumer data. Leading network providers are moving to cloud-based 5G networks to improve connectivity and offer smooth connectivity. These key factors are driving the growth of the hardware segment in the component segment of the global 5G infrastructure market.
Network Architecture Insight
The global 5G infrastructure market was dominated by the non-standalone (NSA), network architecture. The growth of this segment is attributed to the global rollout of non-standalone networks. The non-standalone LTE network is usually deployed as part of the existing LTE infrastructure. Top service providers like AT&T and Verizon Communication have developed a 5G NSA model for basic use, such as cloud-based AR/VR games and UHD videos. However, the standalone segment is anticipated to grow significantly over the forecast period owing to the rapidly expanding industrial digitalization that has created a new revenue stream for service providers.
In order to maintain uninterrupted connectivity between devices, it is becoming more important to have high-frequency connectivity that is reliable and low in latency. In the transportation and logistics sector, there will be a growing demand for 5G infrastructure with minimum latency. These factors are expected to boost the growth of non-standalone architecture over the forecast period.
Vertical Insight
The enterprise/corporate held a major revenue share to dominate the vertical segment in the global 5G infrastructure market. This is due to the increasing demand for faster bandwidth, which can be used for seamless connectivity during cloud computing and for creating a smart workspace by offering enhanced connectivity to IoT devices. 5G infrastructure is being deployed in residential and consumer areas to facilitate seamless connectivity for smart home applications, Virtual Reality games, and other applications.
The growth of the industrial sector is expected to be driven by the increasing demand for continuous communication among industrial applications. These industrial applications also include wireless cameras, autonomous guided vehicles (AGVs), cloud robots, and cloud/collaborative robotics.
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Market Segmentation
By Communication Infrastructure
- Small Cell
- Macro Cell
Based on Component
- Services
- Hardware
Based on Network Architecture
- Standalone
- Non-standalone
Based on Vertical
- Residential
- Enterprise/Corporate
- Energy & Utility
- Transportation & Logistics
- Other Verticals
Key Regions
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Market Key Players
- Huawei Technologies Co. Ltd.
- Cisco Systems Inc.
- Samsung Electronics Co. Ltd.
- Telefonaktiebolaget LM Ericsson
- NEC Corporation
- ZTE Corporation
- Fujitsu Limited
- CommScope Inc.
- Nokia Corporation
- Altiostar
- Other Key Players
Recent Development of the 5G Infrastructure Market
- In October 2022, Reliance Jio collaborated with Nokia to provide 5G radio access network (RAN) hardware as per their agreement. The agreement states that Nokia has to provide base stations and other hardware to Reliance Jio.
- In August 2022, Nokia Collaborated with Bharti Airtel to provide a 5G radio access network. The collaboration aimed to provide the best 5G network in India.
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