The 5G infrastructure market was valued at US$ 963.74 million in 2021; it is estimated to grow at a CAGR of 64.8% from 2022 to 2028.
5G infrastructure refers to the network of macro and small-cell base stations with edge computing capabilities that are necessary for the operation of the fifth-generation (5G) technology standard for cellular networks. Big data streams power applications such as IoT devices, augmented reality, and semi-autonomous vehicles that can be covered by 5G infrastructure with low latency.
5G enhances mobile broadband, massive machine-type communication, and ultra-reliable and low-latency communication. It provides highly reliable wireless connectivity for businesses with both speed and capacity. With 5G connectivity, enterprises will not need a wired connection for their mission-critical systems, and they can customize 5G infrastructure to accommodate their challenging work environment. Further, 5G network would promote enhanced content delivery, assisted driving & transportation services, and remote healthcare & medical intervention.
MARKET DYNAMICS
The 5G infrastructure market is expected to witness significant growth during the forecast period due to the growing adoption of internet of things (IoT) technology across various industries. IoT provides efficient communication infrastructure with low latency and reliable connection to various industry verticals such as manufacturing, automotive, and healthcare.
The rising demand for high-speed and broad network coverage for mobile data services is boosting the 5G infrastructure market growth. In addition, the rising need for machine-to-machine communications for industrial applications and software implementation in communication networks contributes to the market growth. However, the delay in spectrum allocation is hampering the growth of the 5G infrastructure market.
MARKET SCOPE
The "Global 5G Infrastructure Market Forecast to 2028" is a specialized and in-depth study focusing on the global market trend analysis. The report aims to provide an overview of the 5G infrastructure market with detailed segmentation. It provides key statistics on the performance of the leading market players. It also offers key trends and opportunities in the market.
Strategic Insights
MARKET SEGMENTATION
The global 5G infrastructure market is segmented on the basis of satellite type, application, and vertical. Based on satellite type, the market is segmented into communication infrastructure, application, and operational frequency. Based on communication infrastructure, the market is bifurcated into small cell and macro cell. Based on application, the market is segmented into automotive, energy and utilities, healthcare, intelligent buildings and infrastructures, industrial and home automation, consumer electronics, public safety and surveillance, and others. Based on operational frequency, the market is bifurcated into sub 6 GHz and above 6 GHz.
REGIONAL FRAMEWORK
The 5G infrastructure market is segmented into five major regions North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.
Asia Pacific dominates the 5G infrastructure market as the region consists of various 5G connection and service providers. Further, China is dominating the Asia Pacific 5G infrastructure market. According to the GSM Association, the country is aiming to invest US$ 184 billion by 2025. Also, governments of various countries, such as Japan and South Korea, are investing in 5G for high-speed data connectivity. In addition, the presence of a large number of players in the region will boost the growth of the Asia Pacific market during the forecast period.
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Source: The Insight Partners Analysis
The report analyses factors influencing the 5G infrastructure market from both the demand and supply sides. It further evaluates market dynamics during the forecast period. The report also provides an exhaustive Porter's five forces analysis, highlighting the factors affecting the 5G infrastructure market in these regions.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 pandemic has negatively impacted the growth of the 5G infrastructure market. It has delayed the implementation of the 16th version of 5G infrastructure due to reduced investment. Hence, the release of the 17th version of 5G infrastructure will also be postponed, according to the report by Qualcomm. In addition, lockdown and economic uncertainties regarding customers’ desire to upgrade to 5G have also hampered the 5G infrastructure market growth. However, according to MNOs, the 5G industry is expected to experience full recovery in the post-pandemic recovery period. The emerging use cases for 5G, such as supporting the increasing number of individuals following the work from home and school from home models, are expected to boost the investment in 5G.
MARKET PLAYERS
The report covers key developments in the 5G infrastructure market. Various companies are focusing on organic growth strategies, such as product launches, product approvals, patents, and events. In addition, acquisitions, partnerships & collaborations are among the inorganic growth strategies witnessed in the market. These activities have encouraged the business expansion and customer base of market players. The players operating in the 5G infrastructure market are anticipated to experience lucrative growth opportunities in the coming years, owing to the rising demand high speed internet facility.
The report also includes the profiles of key companies operating in the 5G infrastructure market, along with their SWOT analysis and market strategies. It focuses on leading industry players with information, such as company profiles, components and services offered, financial information of the last three years, and key developments in the past five years.
A few of the key companies operating in the 5G infrastructure market are mentioned below:
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Intel Corporation
- MediaTek Inc.
- NEC Corporation
- Affirmed Networks Inc.
- VMware, Inc.
- Samsung Corporation
- Telefonaktiebolaget LM Ericsson
- ZTE Corporation
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
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