The global 5G equipment market size reached US$ 17.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 225.0 Billion by 2032, exhibiting a growth rate (CAGR) of 31.59% during 2024-2032. The rising demand for wireless communications, the extensive research and development activities, and the widespread usage of tablets and smartphones represent some of the key factors driving the market.
Market Size in 2023
|US$ 17.8 Billion
Market Forecast in 2032
|US$ 225.0 Billion
|Market Growth Rate 2024-2032
Fifth generation (5G) is a wireless cellular telecommunication technology explicitly designed to enable virtual connectivity with machines, devices, and objects and increase the responsiveness and speed of wireless networks. It offers high-multi-Gbps peak data speed, ultra-low latency, better accessibility, and a new identical user experience; thus, it is used with various industrial equipment to enhance performance. 5G equipment usually relies on multiple-input multiple-output (MIMO) antennas that help maintain high throughput and receive and share essential data simultaneously. Apart from this, 5G equipment manages massive machine communication, high-reliability application, and low latency to generate and examine 5G new radio (NR) waveforms and optimize broadband. Based on these properties, 5G equipment is extensively utilized by various retail and non-retail sectors as suitable, cost-effective alternatives for third, and fourth generation (3G/4G) networks and equipment.
5G Equipment Market Trends:
The widespread adoption of 5G equipment across various industries due to the increasing need for more convenient information and communication technology (ITC) and network managing capabilities represents one of the key factors driving the market growth. Additionally, the proliferation of various internet-enabled wearable devices and consumer electronics, such as laptops, smartphones, and desktops, and the rapid emergence of wireless communication services are acting as other growth-inducing factors. In line with this, the extensive 5G equipment utilization in the healthcare sector for performing medical treatments of patients and imaging, diagnosing, and evaluating individuals’ conditions using electronic devices is supporting the market growth. These equipment are further deployed by small and medium-sized enterprises (SMEs) to refine and execute their marketing strategies for gaining a competitive edge over other companies. Furthermore, the rapid digitalization and the favorable initiatives being undertaken by governments of various countries to develop smart cities and infrastructure with property monitoring and logistics management solutions are facilitating the product demand. Moreover, the large-scale integration of machine-to-machine (M2M) communication, device-to-device solutions, and the Internet of Things (IoT) technologies with the 5G equipment to allow convenient sharing of data is propelling the market growth. Apart from this, the fueling need for wireless communications and the ongoing research and development (R&D) activities to innovate enhanced versions of 5G equipment solutions are positively impacting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global 5G equipment market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on technology, equipment, architecture, frequency, and application.
- Network Function Virtualization (NFV)
- Software Defined Networking (SDN)
- Multi-access Edge Computing (MEC)
The report has also provided a detailed breakup and analysis of the 5G equipment market based on the technology. This includes network function virtualization (NFV), software defined networking (SDN), and multi-access edge computing (MEC). According to the report, network function virtualization (NFV) represented the largest segment.
- Small Cell
A detailed breakup and analysis of the 5G equipment market based on the equipment has also been provided in the report. This includes microcell, smart cell, and others. According to the report, macrocell accounted for the largest market share.
- 5G Standalone (NR + Core)
- 5G NR Non-Standalone (LTE Combined)
The report has also provided a detailed breakup and analysis of the 5G equipment market based on the architecture. This includes 5G Standalone (NR + Core) and 5G NR Non-Standalone (LTE Combined). According to the report, 5G Standalone (NR + Core) represented the largest segment.
A detailed breakup and analysis of the 5G equipment market based on the frequency has also been provided in the report. This includes sub and above 6GHz. According to the report, sub 6 GHz accounted for the largest market share.
- Consumer Electronics
The report has also provided a detailed breakup and analysis of the 5G equipment market based on the application. This includes automotive, consumer electronics, commercial, and industrial. According to the report, consumer electronics represented the largest segment.
- North America
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for 5G equipment. Some of the factors driving the North America 5G equipment market included extensive research and development activities, increasing penetration of internet-enabled wearable devices, and the rising need for wireless communications.
The report has also provided a comprehensive analysis of the competitive landscape in the global 5G equipment market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Airspan Networks, Cisco Systems Inc, CommScope, Fujitsu Limited, Huawei Technologies Co. Ltd., NEC Corporation (AT&T Inc.), Nokia Corporation, Qualcomm Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
||Network Function Virtualization (NFV), Software Defined Networking (SDN), Multi-access Edge Computing (MEC)
||Macrocell, Small Cell, Others
||5G Standalone (NR + Core), 5G NR Non-Standalone (LTE Combined)
||Sub 6 GHz, Above 6 GHz
||Automotive, Consumer Electronics, Commercial, Industrial
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Airspan Networks, Cisco Systems Inc, CommScope, Fujitsu Limited, Huawei Technologies Co. Ltd., NEC Corporation (AT&T Inc.), Nokia Corporation, Qualcomm Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corporation, etc.
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Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the 5G equipment market from 2018-2032.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global 5G equipment market.
- The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the 5G equipment industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.