Global 5G Equipment Market to Reach US$ 88.1 Billion by 2028, Stimulated by Rapid Emergence of Wireless Communication

July 03, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “5G Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global 5G equipment market size reached US$ 12.9 Billion in 2022. 5G equipment refers to the hardware and infrastructure components required to support the implementation and operation of 5G networks. The equipment includes a range of devices and systems, such as base stations, antennas, routers, servers, and software-defined networks. It aims to provide faster data speeds, lower latency, and increased capacity compared to its predecessors. The equipment also incorporates fiber-optic cables to enable high-speed data transmission over long distances. This infrastructure upgrade helps overcome the limitations of previous wireless technologies and facilitates the delivery of ultra-fast connectivity and innovative services, including autonomous vehicles, smart cities, and Internet of Things (IoT) applications. It plays an important role in building and expanding 5G networks, enabling transformative experiences for individuals, industries, and society.

Global 5G Equipment Market Trends:

The increasing demand for high-speed and reliable wireless communication networks is driving the global market. Moreover, the proliferation of bandwidth-intensive applications such as video streaming, virtual reality, augmented reality, and gaming is catalyzing the growth of the market. Besides, the rising adoption of Internet of Things (IoT) devices and smart technologies further supports the need for 5G equipment as the IoT ecosystem relies on efficient connectivity and massive device connectivity, which 5G networks can provide. Apart from this, the widespread adoption of the 5G equipment by various industries such as manufacturing, healthcare, transportation, and agriculture are creating a positive market outlook. Furthermore, governments and telecommunications companies worldwide are heavily investing in the deployment of 5G networks that aim to drive economic growth, enable digital transformation, and support emerging technologies such as autonomous vehicles and smart cities. This is also providing a boost to the market. Along with this, several major companies are constantly developing new solutions, such as advanced antennas, beamforming techniques, and network optimization algorithms, to enhance the performance and efficiency of 5G networks, thereby impacting the market favorably. Looking forward, the market value is projected to reach US$ 88.1 Billion by 2028, expanding at a CAGR of 36.2% during 2023-2028.

Market Summary:

Based on the technology, the market has been segmented into network function virtualization (NFV), software defined networking (SDN), and multi-access edge computing (MEC). Currently, network function virtualization (NFV) represents the largest market segment.
On the basis of the equipment, the market has been divided into macrocell, smart cell, and others. Among these, macrocell exhibits a clear dominance in the market.
Based on the architecture, the market has been bifurcated into 5G standalone (NR + core) and 5G NR non-standalone (LTE combined). Among these, 5G Standalone (NR + Core) exhibits a clear dominance in the market.
On the basis of the frequency, the market has been categorized into sub 6GHz and above 6GHz. Among these, sub 6 GHz exhibits a clear dominance in the market.
Based on the application, the market has been segmented into automotive, consumer electronics, commercial, and industrial. Currently, consumer electronics represents the largest market segment.
Region-wise, the market has been bifurcated into 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. Among these, North America holds the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being 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 and ZTE Corporation.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Technologies Covered	Network Function Virtualization (NFV), Software Defined Networking (SDN), Multi-access Edge Computing (MEC)
Equipments Covered	Macrocell, Small Cell, Others
Architectures Covered	5G Standalone (NR + Core), 5G NR Non-Standalone (LTE Combined)
Frequencies Covered	Sub 6 GHz, Above 6 GHz
Applications Covered	Automotive, Consumer Electronics, Commercial, Industrial
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global 5G Equipment Market to Reach US$ 88.1 Billion by 2028, Stimulated by Rapid Emergence of Wireless Communication

Purchase options Year End sale

Single User License ~~$2499~~ $2249
Five User License ~~$3499~~ $2974
Corporate License ~~$4499~~ $3599

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.