WILMINGTON, Del., Nov. 17, 2023 (Globe Newswire) — According to a report published by Allied Market Research. 5G base station market is expected to generate $190.78 billion in revenue by 2030. The market size in 2020 was $8.16 billion and is projected to increase at a CAGR of 37.3% from 2021 to 2030. The report presents a comprehensive analysis of market size and estimates. Winning strategies, drivers and opportunities, top investment pockets, competitive insights, and various market trends.
The global 5G base station market is attributed to increasing adoption of 5G IoT ecosystem and critical communication services, rising demand for high speed data with low latency, and rise of interconnected devices. Furthermore, continuous advancements in smart infrastructure solutions are projected to create extensive growth opportunities in the market. However, increasing government regulations regarding network radiation are hampering the market growth to some extent.
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The global 5G base station market is evaluated based on type, network architecture, core network, operating frequency, end user, and region. By type, the small cell segment had the highest revenue in 2020, contributing almost two-thirds of the global 5G base station market. On the other hand, the macrocell segment exhibits a staggering CAGR of 40.2% during the analysis period.
By network architecture, the 5G non-standalone segment recorded the highest revenue in 2020, contributing to more than half of the global market. On the contrary, the 5G standalone segment is projected to exhibit a staggering CAGR of 39.8% over the analysis period 2021-2030.
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By region, Asia-Pacific led the way in 2020, accounting for more than one-third of the global 5G base station market. The region is expected to maintain its leadership position and grow at the fastest CAGR of 41.0% by the end of 2030. The report also includes analysis of other regions such as Europe, North America, and LAMEA.
Key market players studied in the global 5G base station market report include Telefonaktiebolaget LM Ericsson, Nokia, Cisco Systems Inc., ZTE Corporation, Huawei Technologies Co. Ltd., Marvell, NEC Corporation, Airspon Network Inc., Samsung , and Qualcomm Incorporated. . These market players have developed several strategies including mergers, expansions, alliances, acquisitions, cooperation, etc. to gain a leading position in the industry.
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Major industry developments –
October 2023: Bromsgrove-based JET Connectivity has launched the world’s first permanent floating 5G base station in Grimsby (UK) to help connect operational offshore wind farms.
September 2023: BLiNQ Networks has partnered with EdgeQ for a powerful hardware and software collaboration. Through this partnership, the companies will launch the PCW-400i, an advanced 5G small cell base station designed to enable new Industry 4.0 use cases in a highly cost-effective manner. .
March 2023: Radio Frequency Systems (RFS), a global designer and manufacturer of end-to-end wireless connectivity solutions, has collaborated with Nokia Corporation to integrate passive antenna technology with Nokia’s 5G Massive MIMO radios in a compact design. , further enhanced its 5G base stations. ability.
February 2023: Fujitsu has announced a new 5G vRAN solution that combines Fujitsu’s virtualized CU (vCU) and virtualized DU (vDU) with NVIDIA’s GPU technology. With this new solution, Fujitsu will work with NTT DoCoMo and other carriers to contribute to the global expansion of open 5G networks.
January 2022: NEC Corporation has launched two new models of UNIVERGE RV1000 series private 5G base stations in Japan. These new products will help accelerate the adoption of private 5G and solve customer challenges by reducing initial investment costs and facilitating the rapid construction of small-scale private 5G networks.
June 2021: NEC Corporation has launched a new 5G Massive MIMO radio unit for 5G base stations. This new 5G wireless unit will help expand communication areas and achieve high-speed communication.
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