NEW
YORK, July 2, 2024 /PRNewswire/ -- The
global 5G equipment market size is estimated to grow
by USD 146.95 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 81.05% during the forecast period. Adoption of
5G networks for smart cities is driving market
growth, with a trend towards growing r and d and
deployment of 5G network. However, energy efficiency
challenges in 5g small cell networks poses a challenge. Key market
players include Airspan Networks Holdings Inc., Alpha Networks
Inc., Altiostar, Analog Devices Inc., Cisco Systems Inc., Comba
Telecom Systems Holdings Ltd., CommScope Holding Co. Inc., Fujitsu
Ltd., Huawei Technologies Co., Ltd., Infinite Electronics Inc.,
Laird Connectivity, Mavenir Systems Inc., NEC Corp., Nokia Corp.,
Qorvo Inc., Qualcomm Inc., Samsung Electronics Co. Ltd.,
Telefonaktiebolaget LM Ericsson, Wireless Excellence Ltd., and ZTE
Corp..
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5G Equipment Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
81.05%
|
Market growth
2024-2028
|
USD 146954.7
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
69.9
|
Regional
analysis
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
31%
|
Key
countries
|
US, China, UK, South
Korea, and Japan
|
Key companies
profiled
|
Airspan Networks
Holdings Inc., Alpha Networks Inc., Altiostar, Analog Devices Inc.,
Cisco Systems Inc., Comba Telecom Systems Holdings Ltd., CommScope
Holding Co. Inc., Fujitsu Ltd., Huawei Technologies Co., Ltd.,
Infinite Electronics Inc., Laird Connectivity, Mavenir Systems
Inc., NEC Corp., Nokia Corp., Qorvo Inc., Qualcomm Inc., Samsung
Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Wireless
Excellence Ltd., and ZTE Corp.
|
Market Driver
The global 5G equipment market is experiencing significant
growth due to increased R&D investments in 5G technology by
companies like Ericsson. With over USD350
million spent on 5G R&D since 2018, the focus is on
creating innovative portable technologies. The shift from 4G to 5G
is evident in regions such as Sub-Saharan Africa, where 48% of
2023's 5G network launches occurred. India, too, has seen the expansion of 5G
networks to over 730 districts and 100 million subscribers. These
factors collectively contribute to the market's growth during the
forecast period.
The 5G equipment market is experiencing significant growth with
the implementation of new technologies. Networking equipment such
as routers, switches, and modems are in high demand. The use of 5G
technology requires advanced capabilities, leading to the need for
new and upgraded equipment. Manufacturing companies are responding
with innovative solutions, including customizable and efficient 5G
infrastructure. The demand for 5G equipment is driven by the
increasing need for faster and more reliable connectivity. The
market is expected to continue growing, with Tablets, bandwidth,
and cloud-based services also playing a role. Overall, the 5G
equipment market is an essential component of the digital
transformation trend.
Research report provides comprehensive data on
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Market Challenges
- The 5G equipment market faces challenges in ensuring energy
efficiency, particularly with the deployment of small cells. The
increase in network traffic due to higher consumer adoption of 5G
and 4G will necessitate redesigning network infrastructure.
Ultra-dense network (UDN) organization will increase energy usage,
primarily due to the rising number of users. Telecommunications
firms must balance transmission and computational power to offer
increased bandwidth while maintaining energy efficiency.
Manufacturers must address this trade-off and focus on
energy-saving solutions to mitigate the impact on the global 5G
equipment market growth.
- The 5G equipment market is experiencing significant growth,
with numerous companies and manufacturers investing in new
technologies. However, challenges persist in the implementation and
deployment of 5G infrastructure. One major challenge is the high
cost of 5G equipment and components, such as antennas and base
stations. Additionally, the complex nature of 5G technology
requires advanced technical expertise and specialized skills.
Another challenge is the need for extensive network coverage and
capacity to support the increasing demand for high-speed data and
connectivity. Furthermore, regulatory issues and standardization
processes also pose challenges to the market's growth. Despite
these challenges, the potential benefits of 5G technology,
including increased efficiency, faster data transfer, and improved
network reliability, make it a worthwhile investment for businesses
and consumers alike.
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challenges - Request a sample report!
Segment Overview
This 5g equipment market report extensively covers market
segmentation by
- Product
- 1.1 Macrocell
- 1.2 Small cell
- 1.3 Others
- End-user
- 2.1 Non-retail sector
- 2.2 Retail sector
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Macrocell- The 5G equipment market is experiencing
significant growth due to the increasing demand for macrocells in
expanding urban areas. Macrocells, high-power network cells,
provide extensive coverage for large towns and transmit intense
data signals. Integrated with power semiconductor devices, they
support the high-power density requirements of 5G infrastructure.
The focus on smart city development worldwide is driving this
trend, as macrocells enable the deployment of 5G networks over
extensive city areas and offer high user connection capacity.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The 5G equipment market is experiencing significant growth due
to the increasing adoption of fifth-generation technology standard
worldwide. This advancement in wireless communication is
revolutionizing various sectors, including data-intensive
applications, smartphones, tablets, and data-driven services. The
proliferation of high-definition videos, cloud-based applications,
online gaming, and IoT devices is driving the demand for 5G
equipment. Governments and nations are investing heavily in 5G
infrastructure to support the remote work culture and edge
computing capabilities. The integration of 5G with semi-autonomous
vehicles, digitalization, IoT, big data, and cloud computing is
transforming industries and enhancing global connectivity. The
hardware and software components of 5G equipment are essential for
delivering the required bandwidth and reliability for these
applications.
Learn and explore more about Technavio's in-depth research
reports
Global 5G Fixed Wireless Access (FWA) Market: The global 5G
Fixed Wireless Access (FWA) market is poised for substantial
growth, driven by increasing demand for high-speed internet
connectivity in residential and commercial sectors. With 5G
technology's promise of ultra-low latency and higher data speeds,
providers are expanding their FWA offerings to capitalize on this
burgeoning market.
Global Vehicle-to-Grid Market: The global Vehicle-to-Grid (V2G)
market is gaining traction as a pivotal solution for energy
management and electric vehicle integration. V2G technology allows
electric vehicles to not only consume power but also supply excess
energy back to the grid, enhancing grid stability and enabling
cost-effective energy management solutions globally.
Market Research Overview
The 5G Equipment Market is experiencing significant growth due
to the increasing demand for faster and more reliable wireless
communication. This market encompasses various components such as
antennas, base stations, routers, and other networking equipment
necessary for 5G networks. The technology behind 5G, including
Massive MIMO and beamforming, requires advanced and sophisticated
equipment. The implementation of 5G is also driving the development
of new applications in areas like autonomous vehicles, smart
cities, and telemedicine. The global market for 5G equipment is
expected to reach substantial growth in the coming years, with key
drivers being the increasing number of 5G deployments and the
ongoing advancements in 5G technology.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Macrocell
- Small Cell
- Others
- End-user
-
- Non-retail Sector
- Retail Sector
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio