5G Infrastructure Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The 5G Infrastructure Market is expected to grow with a CAGR of 69.3 percent between 2023 and 2032, according to a new report from Grand View Research, Inc. This growth rate is projected to reach 32.11% from 2024 to 2032, indicating a strong demand for advanced telecommunications equipment. The accelerated growth of 5G technology is mainly due to the increasing demand for data, the proliferation of IoT devices, and the need for better connection in various fields, such as smart cars, smart cities, and health care. The emergence of edge computing, the development of network slicing, and the application of artificial intelligence in network management will also drive the growth of the 5G market. The major players in the industry, such as Ericsson, Nokia, and Huawei, are actively investing in research and development, forming strategic alliances, and launching new products to capture market share. Recent alliances between operators and technology companies are expected to accelerate the deployment of 5G networks, thereby improving service and experience. , a new driving force for the 5G market. As the demand for high-speed, low-latency connections continues to rise, the 5G network will become the foundation of the digital economy.

Regional Market Size

Regional Deep Dive

The 5G market is experiencing a significant growth in various regions, driven by the increasing demand for high-speed connection, the proliferation of IoT devices, and the development of telecommunications technology. Each region has its own characteristics, which are influenced by the local economic conditions, government policies, and the level of technological development. In some countries, telecommunications equipment has been continuously improved, and the market has been occupied by the incumbents. In other countries, new entrants are emerging. The 5G network is expected to bring significant changes to industries, enhance the experience of consumers, and promote innovation in many industries, such as health care, smart cities, and vehicles.

Europe

• The European Union has launched the '5G Action Plan' to ensure that all European citizens have access to 5G by 2025, which includes funding for research and innovation in 5G technologies, thus fostering collaboration among member states.
• Countries like Germany and the UK are leading the charge with significant investments in 5G trials and infrastructure, with companies like Deutsche Telekom and BT Group spearheading initiatives to enhance connectivity in urban and rural areas.

Asia Pacific

• China is at the forefront of 5G deployment, with state-owned enterprises like China Mobile and China Telecom rapidly expanding their networks, supported by government policies that prioritize technological advancement and digital economy growth.
• South Korea has emerged as a leader in 5G technology, with its successful commercial launch in 2019, driven by companies like SK Telecom and KT Corporation, which are continuously innovating to enhance user experiences and applications.

Latin America

• Brazil is taking steps towards 5G implementation, with the National Telecommunications Agency (ANATEL) auctioning off 5G spectrum, which is expected to catalyze investments from major telecom operators like Vivo and Claro.
• Countries like Chile and Argentina are also exploring 5G trials, with local governments collaborating with telecom companies to develop infrastructure that supports the growing demand for high-speed internet.

North America

• The United States has already started to install the fifth generation of telecommunications. The FCC has already adopted a plan called 5G FAST, which aims to speed up the installation of 5G by reducing the time required to obtain approval for the construction of the necessary equipment.
• There are a few companies like AT&T and Verizon that are investing a lot in 5G, and there are already a few cities that have been introduced to the 5G service. The competition is fierce for the early adopters, and the service is getting better and better.

Middle East And Africa

• The UAE has made significant strides in 5G deployment, with Etisalat and du leading the charge, supported by government initiatives aimed at positioning the country as a regional technology hub.
• In South Africa, the Independent Communications Authority is working on regulatory frameworks to facilitate 5G spectrum allocation, which is crucial for enabling service providers to roll out 5G networks effectively.

Did You Know?

“As of 2023, over 100 countries have launched commercial 5G services, with projections indicating that 5G networks will cover one-third of the global population by 2025.” — GSMA Intelligence

Segmental Market Size

The 5G Infrastructure Market is a rapidly growing market that will play a critical role in enabling high-speed data connections and meeting the increasing demand for data-intensive applications. The IoT, which requires a very solid network, and the increasing demand for mobile broadband are two main drivers. Also, regulatory policies that support the digital transformation of various industries are a driver. The 5G Infrastructure Market is currently in the deployment stage, with some of the key players including Verizon and AT&T in the United States and China Mobile and Huawei in Asia. The main applications are smart cities, autonomous vehicles, and telemedicine, where low latency and high availability are key. The digitalization of the economy, accelerated by the influenza pandemic of 1918, and government initiatives to improve the national broadband network, are the main growth drivers. The evolution of the 5G Infrastructure Market is also influenced by the introduction of network slicing and edge computing, which enable more efficient resource allocation and improved service delivery.

Future Outlook

The 5G market will grow from $26 billion in 2023 to $320 billion in 2032, with a compound annual growth rate (CAGR) of 32.11%. This explosive growth is driven by the increasing demand for high-speed Internet access, the proliferation of IoT devices, and the need for enhanced mobile broadband services. By 2032, 5G will cover more than 60% of the world's population, enabling new services and applications in the health, automobile, and smart city industries. Also, the introduction of new antenna technology and the expansion of edge computing will accelerate the deployment of 5G. Government policies and the telecommunications industry's commitment to infrastructure investment will also play an important role. Private 5G networks and the use of AI in network management are expected to change the competition landscape, improve innovation, and drive efficiency. The market will transform as industries use 5G to its fullest, creating new business opportunities for all parties.