According to IMARC Group’s latest research report, titled “5G Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the 5G equipment market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global 5G equipment market size reached US$ 12.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 88.1 Billion by 2028, exhibiting a growth rate (CAGR) of 36.2% during 2023-2028.
5G Equipment Market Outlook:
Fifth-generation (5G) equipment is a wireless cellular telecommunication system designed to enable virtual connectivity with machines, devices, and objects and increase the speed and responsiveness of wireless networks. It offers high-multi-Gbps peak data speeds, ultra-low latency, better accessibility, and a consistent user experience. It often uses multiple-input multiple-output (MIMO) antennas to ensure high throughput and enable the sharing of important data concurrently. Additionally, 5G equipment offers massive machine communication, high-reliability applications, and low latency to generate and analyze 5G new radio (NR) waveforms and optimize broadband. Due to these features, 5G equipment is widely preferred by various retail and non-retail sectors as an effective substitute for 3G/4G networks and equipment.
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5G Equipment Market Trends:
The growing need for efficient information and communication technology (ICT) and network management capabilities majorly drive the global market. This has been further driven by the proliferation of internet-enabled consumer electronics, such as laptops, smartphones, and desktops and the rapid emergence of wireless communication services. Along with this, numerous SMEs are using 5G equipment to develop and implement their marketing strategies to gain an edge over competitors, which is acting as another growth-inducing factor. In addition, the rapid digitalization of cities and the several initiatives undertaken by governments to improve property monitoring and logistics management is significantly supporting the market. Furthermore, the integration of device-to-device and M2M communication solutions and the internet of things (IoT) technologies enable the convenient sharing of data, creating a positive market outlook.
Key Market Segmentation:
Competitive Landscape with Key Players:
- Airspan Networks
- Cisco Systems Inc
- Fujitsu Limited
- Huawei Technologies Co. Ltd.
- NEC Corporation (AT&T Inc.)
- Nokia Corporation
- Qualcomm Inc.
- Samsung Electronics Co. Ltd.
- Telefonaktiebolaget LM Ericsson
- ZTE Corporation
- Network Function Virtualization (NFV)
- Software Defined Networking (SDN)
- Multi-access Edge Computing (MEC)
- Small Cell
- 5G Standalone (NR + Core)
- 5G NR Non-Standalone (LTE Combined)
- Sub 6 GHz
- Above 6 GHz
- Consumer Electronics
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.