Global 5G Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global 5G Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

5th generation mobile networks or 5th generation wireless systems, 5th-Generation, referred to as 5G or 5G technology, is the latest generation of cellular mobile communication technology, is also the extension of 4G (LTE-A, WiMax), 3G (UMTS, LTE) and 2G (GSM) system. The performance goals of 5G are high data rates, reduced latency, energy savings, cost reduction, increased system capacity and large-scale device connections.

Market Overview:

The latest research study on the global 5G market finds that the global 5G market reached a value of USD 174215.0 million in 2022. It’s expected that the market will achieve USD 1342800.0 million by 2028, exhibiting a CAGR of 40.55% during the forecast period.

Influence of COVID-19 Outbreak on 5G Industry Development

At the beginning of an outbreak, work is usually delayed and the normal production of the company is affected. For companies in areas where the epidemic is relatively mild and can start operations normally, even if they start operations at normal times, they will face insufficient supply of raw materials, resulting in lower than normal capacity utilization. The spread of epidemics caused by transportation will affect normal cargo transportation. According to data, the incubation period of the new coronavirus that caused this epidemic is about 7-14 days. In many countries, there are many cases of transmission in long-distance buses, trains, airplanes and other transportation vehicles. Therefore, areas with more severe epidemics have taken certain measures to control transportation.
Despite the great pressure on the supply side, the construction of the 5G industry is in full swing. This benefited from the assistance of the government and social capital. The government hopes to stimulate economic growth and employment through construction, and social capital hopes to intervene in the industry at an early stage to obtain excess profits. Therefore, the 5G industry is actually not greatly affected by the epidemic. If there is any bad influence, the short-term fluctuations in the industry will still hardly affect the long-term upward trend.

5G deployment has accelerated significantly

Since the official commercial start of 5G in 2019, from a global perspective, 5G network coverage is becoming wider and wider. The deployment of 5G will also accelerate significantly in 2020. According to VIAVI's latest 5G Deployment Status research report, as of January 2020, commercial 5G networks have been deployed in 378 cities in 34 countries around the world.

Increased risk of global trade friction

The trade friction between China and the United States is currently in the process of running-in, and there are large uncertainties in the relevant results. The intensification of trade friction will affect the construction of key manufacturers such as Huawei and ZTE Corporation in overseas base stations; it also affects the import and export of upstream raw materials, having a greater impact on the manufacturing and sales of 5G network related products and related mature technology exchanges, slow down the construction process, and affect the overall development of the industry.

Emerging and Growing Market

The development of the 5G industry is in a stage of rapid development. In theory, 5G, as a benchmark for the new era, has opportunities in all countries around the world; however, at present, North America, Europe and the Asia-Pacific region have the greatest potential. North America and Europe are the gathering places of developed countries, the technology and consumption power ranks in the forefront of the country, and people's acceptance of new technologies is also high. In Asia, South Korea and China have actively invested in the construction of the 5G industry. Considering that Asia is densely populated and the number of middle class is increasing, the potential of this region is great. 5G technology in South America, the Middle East, and Africa is relatively backward, and it is difficult to provide big opportunities. Therefore, during the forecast period, the three regions of North America, Europe and Asia will become the most important markets.

Region Overview:

In 2022, the share of the 5G market in Asia-Pacific stood at 69.35%.

Company Overview:

Ericsson is one of the major players operating in the 5G market, holding a share of 6.62% in 2023.

Ericsson

Ericsson is a Swedish multinational network and telecommunications company headquartered in Stockholm. The company provides services, software and infrastructure for telecommunications operators, traditional telecommunications and Internet Protocol (IP) network equipment, mobile and fixed broadband, operational and business support services, cable television, IPTV, video systems, and a wide range information and communication technologies . Service operation.

Huawei Technologies

Huawei Technologies Co., Ltd. is a Chinese multinational technology company headquartered in Shenzhen, Guangdong Province. It designs, develops and sells telecommunications equipment and consumer electronics products. Huawei has deployed its products and services in more than 170 countries/regions.

Segmentation Overview:

By type, Small Cell segment accounted for the largest share of market in 2022.

Small Cell

A Small Cell is a low-power wireless access node or base station that can operate in licensed and unlicensed spectrum, covering a range from 10 meters to 1 to 2 kilometers.

Macro Cell

A macro cell is located in a cellular mobile phone network, providing radio coverage cell sites (towers, antennas or masts) supplied by high power. Generally, the coverage provided by a macro cell is larger than that of a micro cell. The antenna used in the macro cell is installed on the mast, roof and other existing structures on the ground, the height of which can clearly see the surrounding buildings and terrain. The power output of a macro cell base station is usually several tens of watts.

Application Overview:

The market's largest segment by application is the segment Consumer Electronics, with a market share of 44.65% in 2022.

Key Companies in the global 5G market covered in Chapter 3:

ZTE
AT&T, Inc
Qualcomm, Inc
SK Telecom
Nokia Networks
China Telecom
Huawei Technologies Co Ltd
KT
Cisco Systems, Inc
Verizon Communications, Inc
China Mobile
T-Mobile USA, Inc
China Unicom
Ericsson

In Chapter 4 and Chapter 14.2, on the basis of types, the 5G market from 2018 to 2029 is primarily split into:

Small Cell
Macro Cell
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the 5G market from 2018 to 2029 covers:

Smart Automotive
Healthcare
Smart Transportation & Logistics
Consumer Electronics
Industry Automation
Building & Home Automation
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)