The 5G equipment market share is expected to grow at a CAGR of 66.5% between 2022 and 2027. The adoption of 5G networks for smart cities and the growing R&D and deployment of the 5G network provide a promising ground for the 5G equipment market.
Smart cities are gaining popularity as a result of the sophisticated technology that makes them more convenient. A smart city necessitates a large number of machine-to-machine communication applications. Smart metering, property monitoring, logistics management, and smart parking are just a few of the major MTC uses. The demand for 5G networks will grow as data transmission and communications become more efficient.
Technavio’s analysis of the “5G Equipment Market” projects that the market share is expected to increase by USD 56,716.75 million at an accelerating CAGR during 2023-2027.
Browse Technavio's 177-page report and in-depth TOC on "5G Equipment Market by product (macrocell, small cell, and others), end-user (non-retail sector and retail sector), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
View detailed Table of Contents Here: https://www.technavio.com/report/5g-equipment-market-industry-analysis
The 5G equipment market is segmented by product (macrocell, small cell, and others), end-user (non-retail sector and retail sector), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
The demand for macrocells is increasing with a growing focus on the development of smart cities globally, as macrocells can facilitate the deployment of 5G networks over large city areas and have high user connection capacity. North America is projected to contribute 32% by 2027. Increasing adoption of remote working models is further expected to drive the demand for 5G equipment, which, in turn, will fuel the growth of the 5G equipment market in North America during the forecast period.
The energy efficiency challenges in 5G small cell networks are a major challenge for the global 5G equipment market growth. Implementation of 5G networks would enable real-time monitoring and control of numerous connected devices. With the integration of 5G networks, the threat of cyber-attacks will grow.
The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.
Some of the major 5G equipment market vendors are Airspan Networks Inc., Alpha Networks Inc., Altiostar, Analog Devices Inc., Cisco Systems Inc., Comba Telecom Systems Holdings Ltd., CommScope Holding Co. Inc., Fujitsu Ltd., Huawei Technologies Co. Ltd., Infinite Electronics Inc., Laird Connectivity, Mavenir Systems Inc., NEC Corp., Nokia Corp., Qorvo Inc., Qualcomm Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Wireless Excellence Ltd., and ZTE Corp.
airspan.com - The company offers 5G equipment such as Air5G.
altiostar.com- The company offers 5G equipment such as span macro cells, small cells and massive MIMO solutions.
analog.com- The company offers 5G equipment such as 5G mmW RF Front End ICs 24 GHz to 48.2 GHz.
Download the PDF Sample Report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2023-2027.
CAGR of the 5G equipment market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the 5G equipment market share.
Prediction of the upcoming trends, drivers, and factors that challenge the 5G equipment market.
5G equipment market growth across North America, Europe, APAC, Middle East and Africa, and South America.