5G Infrastructure Market By Component (Hardware and Software), By Spectrum Band (Low Band (<1 GHz), Mid Band (1-6 GHz), and High Band (24-40 GHz)), by Technology (Radio Access Network (RAN), Core Network, Edge Computing, Cloud Infrastructure, Software-Def

5G Infrastructure Market By Component (Hardware and Software), By Spectrum Band (Low Band (<1 GHz), Mid Band (1-6 GHz), and High Band (24-40 GHz)), by Technology (Radio Access Network (RAN), Core Network, Edge Computing, Cloud Infrastructure, Software-Defined Networking (SDN), and Network Function Virtualization (NFV)), by Chipset Type (Application-Specific Integrated Circuit (ASIC), Radio Frequency Integrated Circuit (RFIC), Millimeter Wave Technology Chips, and Field-Programmable Gate Array (FPGA)), by Application (Enhanced Mobile Broadband (eMBB), Massive Machine-Type Communications (mMTC), Ultra-Reliable Low-Latency Communications (URLLC), Internet of Things (IoT), Smart Cities, Connected Vehicles, Virtual & Augmented Reality (VR/AR), and Gaming & Entertainment), and by End User (Telecom Operators, Enterprises, Government & Public Sector, Healthcare, Automotive, Manufacturing, Utilities, and Transportation & Logistics) – Global Opportunity Analysis and Industry Forecast, 2024 – 2030

The 5G infrastructure Market size was valued at USD 7.46 billion in 2023, and is predicted to reach USD 259.08 billion by 2030, with a CAGR of 66.0% during the forecast period, 2024–2030.

The 5G infrastructure market is a dynamic ecosystem of technologies, equipment, and services, involving network equipment manufacturers, semiconductor companies, telecom operators, deployment service providers, and regulatory bodies. It includes hardware components including base stations, antennas, routers, and software solutions for network management, virtualization, and cybersecurity, collectively fostering innovation and growth in the sector.

The rapid integration of 5G technology in healthcare is poised to significantly boost market expansion. This advancement facilitates telemedicine, remote patient monitoring, and real-time video consultations, thereby enhancing healthcare accessibility. 5G enables the connectivity of Internet-enabled medical devices for continuous monitoring, supports augmented reality/virtual reality (AR/VR) applications for medical training, and empowers artificial intelligence (AI)-driven healthcare solutions for improved clinical outcomes. Robust data security protocols ensure the safeguarding of sensitive health data, building trust among stakeholders. The incorporation of 5G innovations in healthcare is expected to transform patient care, elevate operational efficiency, and drive market growth in the coming years. According to a PwC report, the integration of 5G-powered healthcare applications is projected to contribute USD 530 billion to the global GDP by 2030.

However, the telecom companies face significant financial hurdles in deploying 5G infrastructure, necessitating investment in new infrastructure, spectrum licenses, R&D, and workforce training, requiring strategic planning and innovative financing solutions is restraining the demand for the 5G infrastructure industry.

On the contrary, integration of the Internet of Things (IoT) is fueling the proliferation of interconnected devices, transforming interactions across various sectors. IoT gadgets such as sensors and wearables produce extensive data, and with the support of robust connectivity such as 5G, real-time data transmission is facilitated, sparking innovation in smart cities, healthcare, agriculture, and manufacturing. This convergence catalyzes digital transformation and economic expansion, reshaping how we engage with our environment.

Segment Overview

The global 5G infrastructure industry is segmented on the basis of component, spectrum band, technology, chipset type, application, end user, and region.
By component, the market is divided into hardware and software.
By spectrum band, the market is classified into low band (<1 GHz), mid band (1-6 GHz), and high band (24-40 GHz).
By technology, radio access network (RAN), core network, edge computing, cloud infrastructure, software-defined networking (SDN), and network function virtualization (NFV).
By chipset type, the market is categorized into application-specific integrated circuit (ASIC), radio frequency integrated circuit (RFIC), millimeter wave technology chips, and field-programmable gate array (FPGA).
By application, the market is divided into enhanced mobile broadband (eMBB), massive machine-type communications (mMTC), ultra-reliable low-latency communications (URLLC), internet of things (IoT), smart cities, connected vehicles, virtual & augmented reality (VR/AR), and gaming & entertainment.
By end user, the market is segmented into telecom operators, enterprises, government & public sector, healthcare, automotive, manufacturing, utilities, and transportation & logistics.
By region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world (RoW).

Regional Analysis

North America holds the dominant market share

North America dominates the 5G Infrastructure industry, driven by Canada's adoption for cloud gaming and enhanced video usage, with a projected USD 40 billion boost to GDP and 250,000 jobs by 2026.

In Mexico, prominent companies such as AT&T and Ericsson are launching private 5G networks, such as the first one at Tecnológico de Monterrey, paving the way for industrial adoption, boosting productivity, and improving safety in manufacturing and mining.

Moreover, the U.S. healthcare sector's expansion of 5G Infrastructure signals significant market demand, with healthcare profit pools expected to grow at a 4% CAGR from USD 654 billion in 2021 to USD 790 billion in 2026. This growth will drive investment in 5G infrastructure to support advanced healthcare solutions such as telemedicine, positively impacting network deployment to meet sector needs.

Key Market Players

The key players in the global 5G infrastructure market include:
• Huawei Technologies Co., Ltd.
• Ericsson
• Nokia Corporation
• Samsung Electronics Co., Ltd.
• Qualcomm Incorporated
• Cisco Systems, Inc.
• LG Electronics Inc.
• ZTE Corporation
• Intel Corporation
• NEC Corporation

Recent Developments

February 2024

Qualcomm unveiled the world's most advanced 5G Modem-RF System, integrating AI for next-gen 5G technology, a significant leap forward in 5G capabilities.

February 2024

Huawei introduced its Net5.5G solutions at MWC Barcelona 2024, targeting ultra-broadband applications to boost carrier growth. These solutions support network evolution, emphasizing immersive terminals and AIGC for future development, aiming to drive growth in the telecom sector with advanced 5.5G technology.

February 2024

ZTE unveiled 5G-A highlights at MWC 2024, including the industry's first NTN ground base station and innovative 5G IoT trials, enhancing emergency communication, wide-area IoT, and internet services. The focus is on integrating communication and computation for AI applications.

February 2024

Nokia introduced a new 5G mmWave receiver to boost capacity in Fixed Wireless Access networks, strengthening broadband coverage for urban and rural areas. This innovation highlights Nokia's dedication to advancing connectivity solutions worldwide from Espoo, Finland.

KEY BENEFITS
• The report provides quantitative analysis and estimations of the 5G infrastructure market from 2024 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a detailed analysis of the 5G infrastructure market trends, including the current and future trends to depict the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the 5G infrastructure market is provided in the report.
• The competitive analysis of the market players along with their market share in the 5G infrastructure market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the roles of stakeholders.