5G Equipment Market Size Expected to Expand by USD 146.95 Billion from 2024 to 2028, Driven by Adoption of 5G Networks for Smart Cities, Technavio

new york, July 2, 2024 /PRNewswire/ — The global 5G equipment market size is 146 USDAccording to Technavio, the 5G market size is expected to reach $950 million from 2024 to 2028. The market is expected to grow at a CAGR of 81.05% during the forecast period. The adoption of 5G networks for smart cities is driving the market growth, which is driving the trend of increasing research, development, and deployment of 5G networks. However, the energy efficiency challenges of 5G small cell networks pose 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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Market Drivers

The global 5G equipment market is experiencing significant growth due to increased research and development investments in 5G technology by companies such as Ericsson. US$350 million Since 2018, funding for 5G research and development has been focused on developing innovative portable technologies. The transition from 4G to 5G is most pronounced in regions such as Sub-Saharan Africa, where 48% of 5G network launches will occur in 2023. India5G networks are also expanding to more than 730 districts and 100 million subscribers, which are collectively contributing to the growth of the market during the forecast period.

The 5G equipment market is experiencing significant growth due to the introduction of the new technology. There is an increasing demand for network equipment such as routers, switches, and modems. The use of 5G technology requires advanced features, which will require new and upgraded equipment. Manufacturing companies are responding with innovative solutions that include customizable and efficient 5G infrastructure. The demand for 5G equipment is driven by the growing need for faster and more reliable connectivity. Tablets, bandwidth, and cloud-based services also play a role, and the market is expected to continue to grow. Overall, the 5G equipment market is an integral part of the digital transformation trend.

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Market Challenges

• The 5G equipment market faces the challenge of ensuring energy efficiency, especially with the introduction of small cells. Increased network traffic due to increasing consumer adoption of 5G and 4G will require a redesign of the network infrastructure. Ultra-Dense Network (UDN) configurations will increase energy usage, mainly due to the growing number of users. Telecommunications companies will need to balance transmission and computational power to increase bandwidth while maintaining energy efficiency. Manufacturers will need to focus on energy-saving solutions to address this trade-off and mitigate its impact on the growth of the global 5G equipment market.
• The 5G equipment market is experiencing significant growth, with many companies and manufacturers investing in the new technology. However, challenges remain 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. In addition, 5G technology is complex, requiring high levels of technical expertise and specialized skills. Another challenge is the need for extensive network coverage and capacity to meet the growing demand for high-speed data and connectivity. In addition, regulatory issues and standardization processes also pose challenges to market 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 both businesses and consumers.

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Segment Overview

This 5G Equipment Market report covers market segmentation extensively.

1. product

• 1.1 Macrocell
• 1.2 Small Cells
• 1.3 Other

• 2.1 Non-retail businesses
• 2.2 Retail

• 3.1 North America
• 3.2 Europe
• 3.3 Asia-Pacific
• 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 are high-power network cells that provide wide-area coverage and transmit strong data signals in large towns. Integrated with power semiconductor devices, they support the high power density requirements of 5G infrastructure. The focus on smart city development around the world is driving this trend, as macrocells enable the deployment of 5G networks in vast urban areas and provide high user connection capacity.

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Research Analysis

The 5G equipment market is experiencing significant growth as adoption of the fifth generation technology standard increases across the globe. This advancement in wireless communications is revolutionizing a variety of sectors, including data-intensive applications, smartphones, tablets, and data-driven services. The rise in high-definition video, cloud-based applications, online gaming, and IoT devices is driving demand for 5G equipment. Governments and nations are investing heavily in 5G infrastructure to support 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 to deliver the bandwidth and reliability required for these applications.

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Global 5G Fixed Wireless Access (FWA) Market: The global 5G Fixed Wireless Access (FWA) market is expected to witness significant growth due to the increasing demand for high-speed internet connectivity in the residential and commercial sectors. 5G technology promises ultra-low latency and high data rates, and providers are expanding their FWA offerings to capitalize on this fast-growing market.

Global Vehicle-to-Grid Market: The global Vehicle-to-Grid (V2G) market has emerged as a crucial solution for energy management and electric vehicle integration. V2G technology enables electric vehicles to not only consume electricity but also supply surplus energy to the grid, improving grid stability and enabling cost-effective energy management solutions worldwide.

Market Research Overview

The 5G equipment market is experiencing significant growth due to the increasing demand for faster and more reliable wireless communications. This market includes various components such as antennas, base stations, routers, and other network equipment required for 5G networks. The technologies underpinning 5G, such as Massive MIMO and beamforming, require advanced and sophisticated equipment. The implementation of 5G is also spurring the development of new applications in areas such as autonomous vehicles, smart cities, and telemedicine. The global market for 5G equipment is expected to experience significant growth over the next few years, driven primarily by the increasing number of 5G deployments and continued advancements in 5G technology.

table of contents:

1. Overview
2. Market situation
3. Market size assessment
4. Past market size
Five Forces Analysis
6. Market Segmentation

• product
• Macro Cell
• Small Cells
• others
• End users
• Non-retail
• Retail
• Geography
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• south america

7 Customer Environment
8. Geographical Landscape
9 Drivers, Challenges and Trends
10. Company Status
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Its research and analysis focuses on emerging market trends, providing actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market position.

With over 500 expert analysts, Technavio’s report library contains over 17,000 reports covering 800 technologies across 50 countries. The company’s client base comprises of businesses of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities, and evaluate their competitive position within a changing market scenario.

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Source Technavio