Meticulous Research®—a leading global market research company, published a research report titled, ‘5G Infrastructure Market by Component (Base Station, Radio Access Network [RAN], Transport Network, Core Network), Network Architecture (5G NR Standalone, 5G NR Non-Standalone), Spectrum - Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the 5G infrastructure market is expected to reach $150.9 billion by 2030, at a CAGR of 34.8% during the forecast period. The growth of the 5G infrastructure market is driven by the increasing demand for M2M connections across the industrial sector, increasing government investments in the 5G network, and diverse applications of 5G across IoT and other connectivity technologies. However, high physical infrastructure dependency and installation costs may restrain the market's growth.
Execution of multiple smart city projects globally and rapid adoption of Industry 4.0 are expected to offer significant growth opportunities for the 5G infrastructure market. However, delay in the introduction of 5G connectivity in developing countries may hinder the growth of this market. Furthermore, the rapid adoption of cloud computing across SMEs and the growth of IoT technology are major trends in the 5G infrastructure market.
Meticulous Research® has segmented this market based on component, network architecture, spectrum, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on component, in 2023, the hardware segment is expected to account for the largest share of the 5G infrastructure market. The large market share of this segment is attributed to the rapid deployment of 5G RAN with small cell base stations and increasing demand for RAN across communication service providers.
Based on network architecture, in 2023, the 5G NR Non-standalone (NSA) segment is expected to account for the largest share of the 5G infrastructure market. The large market share of this segment is attributed to the rising need for higher data transfer speeds, reliable communications, and increasing delivery efficiency at a low cost in existing architecture.
Based on spectrum, in 2023, the 2 GHz to 6 GHz segment is expected to account for the largest share of the 5G infrastructure market. The large market share of this segment is attributed to the increasing efforts by communication service providers to offer mid-band spectrum and the rising demand for high-speed internet.
Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the 5G infrastructure market. The growth of this regional market is attributed to the presence of prominent key players in the region and the rapid economic growth in major countries such as China, Japan, India, and South Korea. In addition, businesses and governments are increasing collaborations to deploy 5G infrastructure across the region, contributing to the market’s growth.
The key players operating in the 5G infrastructure market are Telefonaktiebolaget LM Ericsson (Sweden), Cisco Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), AT&T Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), T‑Mobile US, Inc. (U.S.), Ciena Corporation (U.S.), ZTE Corporation (China), Nokia Corporation (Finland), CommScope Inc. (U.S.), Vodafone Limited (U.K.), NEC Corporation (Japan), American Tower Corporation (U.S.), MediaTek Inc. (Taiwan), and Comba Telecom Systems Holdings Ltd. (China).
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