The global 5G infrastructure market is growing at a significant CAGR of around 48.2% during the forecast period (2020-2026). 5G technology comprises of wireless-enabled products which provides better power efficiency and avails wide space within the unit for the storage of data. Furthermore, the rising adoption of a range of wearable technology for eye movement sensors, voice command, and motion-based sensors is leading to the expansion of 5G technology. There are various benefits of 5G technology, which are driving the market growth across the globe. The technology consists of high-reliability and low latency, which in turn, fulfil the necessary requirements of sensor-connected IoT devices. Through 5G technology, there are millions of smart devices that can interact at very fast gigabit speeds across the network within a millisecond. 

5G technology has the ability to unleash advanced economic opportunities and several benefits to society, providing it to be as a potential element in transforming the telecommunication industry. The rapid development of IoT-based devices across every industry is soon to transform every piece of technology into a wireless connection to the internet. 5G plays the role of catalyst for the innovation and deployment of IoT across industry verticals. 5G represents a paradigm shift in the architecture of communication networks, with the introduction of a range of 5G-enabled devices such as tablets, laptops, and smartphones, expected to accelerate revenue generation through the network. Through the development of 5G technology, the large base stations are expected to be replaced by small macro cells of the network, over which mmwave frequencies will be used to transmit huge data with smaller frequency range.

Segmental Outlook  

The 5G infrastructure market is classified on the basis of infrastructure type, operational frequency, and end-user. Based on infrastructure type, the market is bifurcated into small cell and macro cell. Based on operational frequency, the market is segmented into sub 6-GHz and above 6-GHz. Based on end-user, the market is segregated into residential, commercial, and industrial. Among applications, the commercial segment contributes a significant share in the 5G infrastructure market.

Global 5G Infrastructure Market Share by Application, 2019 (%)

Regional Outlook 

The global 5G infrastructure market is classified on the basis of geography, which includes North America, Europe, Asia-Pacific, and Rest of the World. North America holds a significant share in the global 5G infrastructure market. The US plays the critical role in geographic contribution of North America in global 5G infrastructure market, attributing to the investments made by the government in 5G infrastructure in the US. In October 2019, JMA, a US innovator of 4G and 5G software-based technology announced its plans of transforming a section of downtown Syracuse, NY, into an advanced 5G manufacturing and edge development center.

Global 5G Infrastructure Market Growth, by Region 2020-2026

Asia-Pacific is expected to propel with a considerable growth rate in the global market

Asia-Pacific is estimated to project a considerable CAGR in the global 5G infrastructure market. Countries in Asia-Pacific that are contributing to the market growth include China, India, and Japan. According to the Ministry of Industry and Information Technology, in June 2019, China will be proposing a 5G plan for 5G millimeter wave frequencies. Further, Chinese telecom player China Mobile also stated that over 50,000 5G base stations are built in over 50 cities in China in 2019 that makes the technology ideal for the massive increase in data demands from 5G users. In addition, the country had spent $24.0 billion more than the US on the development of 5G technology since 2015. 

Huawei Technologies Co. Ltd., a telecommunication equipment provider, is conducting research into 5G technology and developing networks in several countries, that includes Japan, France, South Korea, Canada, and Italy. This continuous expansion in the telecommunication sector will further propel the demand for mobile phone subscriptions, in turn, for 5G infrastructure in the country. For instance, in June 2019, the Indian Government announced to finalize the list of spectrum bands for deployment in 5G telecom services at the International Telecom Union’s World Radiocommunication Conference-2019 in Egypt. The list of spectrums includes 600 MHz, 1.4 GHz, 2.6 GHz, 4.8 GHz, 26 GHz, 31GHz, 47 GHz and the E-band and V-bands. These bands are wireless equivalent of fiber and are utilized for high capacity backhaul requirements in dense central office districts.

Market Players Outlook

The key players in the 5G infrastructure market are contributing significantly by providing advanced technology-based products and through expanding their geographical presence across the globe. The key players operating in the global 5G infrastructure market include Cisco Systems, Inc., Qualcomm Technologies, Inc., Marvell Semiconductor, Inc., NEC Corp., Mavenir Systems, Inc., Fujitsu Global, and Verizon Communications Inc. These market players adopt various strategies such as product launch, partnerships, collaborations, merger, and acquisitions to sustain a strong position in the market. 

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global 5G infrastructure market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.