5G Indoor Network Infrastructure Market Size, Share & Trends Analysis Report By Technology (DAS, Open RAN), By Spectrum (Sub-6 GHz, mmWave), By Application, By Network Architecture, By Region, And Segment Forecasts, 2023 - 2030
The global 5G indoor network infrastructure market size is expected to reach USD 87.79 billion by 2030, growing at a CAGR of 40.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the factors, such as enhanced connectivity indoors and the growing adoption of 5G in applications, such as data centers, manufacturing, healthcare, and real estate, among others. The high speed and low latency provided by 5G indoor network infrastructure indoors are expected to drive the market’s growth over the forecast period.Countries across the world are rapidly adopting 5G technologies for enhanced connectivity. Countries, such as China, the U.S., Japan, South Korea, the UK, Italy, and Spain, are deploying 5G to keep pace with the growing digitization.
However, in these countries, especially China and the U.S., with a majority of the population living in urban areas, the existing 5G network infrastructure lacks indoor coverage. Countries with high networking traffic are adopting 5G indoor network infrastructure for enhanced coverage and better connectivity.Consumers, businesses, and commercial buildings are realizing the potential of deploying 5G services on their premises. Even though 5G service is still a niche market, where countries are still piloting 5G projects, the benefits of the 5th generation of networks are undeniable. A wide range of applications, including store navigation, video recognition-based shopping, smart hotels, robotic services, robotic control in manufacturing, defect identification services, cloud-based digital working spaces, and facial recognition, is driving the market.
The COVID-19 pandemic has highlighted the vulnerabilities and weaknesses of economies and businesses, leading governments and citizens to take more measures and initiatives toward creating a more connected and digitized working environment. The rollout of 5G services declined due to the adversities of the pandemic. However, as the world recovers from the pandemic, growing consumer expectations and increasing government and private spending in the 5G infrastructure sector are expected to boost the growth of the market over the forecast period. Asia Pacific dominated theindustry in 2022. The growth can be attributed to a broader customer base and a substantial number of 5G indoor network infrastructure providers in the region. Encouraging government initiatives to promote 5G services also bodes well for the region’s growth.
The Distributed Antenna Systems (DAS) segment is expected to witness significant growth over the forecast period. The DAS systems are compatible with the existing network infrastructure, such as 4G and LTE
Telecom service providers are using these DAS systems to provide 5G services indoors by upgrading them and making them suitable for 5G network coverage. This makes the DAS systems easier to deploy and more cost-effective, propelling the segmentgrowth
The standalone segment is expected to witness the highest growth over the forecast period. Non-standalone 5G indoor network infrastructure technologies, such as RAN and DAS, are a great solution for quicker 5G rollouts and quicker deployments, but they may not be sustainable in the long run
As the number of 5G network connections increases and 5G is used more for data-heavy applications, the existing infrastructure will be insufficient. At that time, the standalone network architecture will play a crucial role in providing 5G, thus driving the segment’s growth
The mmWave segment is expected to register significant growth over the forecast period. The mmWave spectrum uses extra high frequencies ranging from 30GHz to 300 GHz and provides ultra-high speed
Applications, such as data centers, smart manufacturing, smart retail, and smart transportation require very high data speed. Thus, creating growth opportunities for the mmWave segment over the forecast period
The manufacturing segment is anticipated to witness significant growth over the forecast period. 5G services offer manufacturers the ability to build smart factories and take advantage of advanced technologies, such as Artificial Intelligence (AI), automation, Augmented Reality (AR) for troubleshooting, and the Internet of Things (IoT). These applications are expected to drive the demand for 5G indoor network infrastructure among the manufacturing segment
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Chapter 1 Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. List of Data Sources
Chapter 2 Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3 5G Indoor Network Infrastructure Industry Outlook
3.1. Market Segmentation and Scope
3.2. 5G indoor network infrastructure Market - Value Chain Analysis