5G Infrastructure Market by Component (Base Station, Radio Access Network [RAN], Transport Network, Core Network), Network Architecture (5G NR Standalone, 5G NR Non-Standalone), Spectrum - Global Forecast to 2030

5G Infrastructure Market is expected to reach $150.9 billion by 2030, at a CAGR of 34.8% during the forecast period of 2024 to 2030. The growth of the 5G infrastructure market is driven by the increasing demand for M2M connections across the industrial sector, increasing government investments in the 5G network, and diverse applications of 5G across IoT and other connectivity technologies. However, high physical infrastructure dependency and installation costs may restrain the market's growth.

Furthermore, the rapid adoption of Industry 4.0 is expected to offer significant growth opportunities for the 5G infrastructure market. However, delay in the introduction of 5G connectivity in developing countries may hinder the growth of this market.

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Rapid Adoption of Industry 4.0 Philosophy to Offer Growth Opportunities for the 5G Infrastructure Market

Industry 4.0, also known as the “Fourth Industrial Revolution,” focuses on transforming the industrial management system and business process using advanced technologies, including AI, IoT, edge computing, 5G, and robotics. Deploying cutting-edge technologies such as IoT, artificial intelligence, 5G, and augmented and virtual reality helps increase product functionality, generate additional value for customers, and provide manufacturers with data needed to better manage complex production cycles.

Several manufacturing industries are adopting advanced technologies, including IoT technology, to enhance product quality and equipment reliability. For instance, in February 2021, Nexans (France) partnered with Schneider Electric (France) on a digital transformation program for Industrial 4.0. This partnership accelerates factories' digitalization, improves production lines' efficiency, enables predictive maintenance, and reduces carbon emissions. However, several industries can still not utilize the full potential of these technologies due to high latency issues. These connected devices rely on cellular networks that can create high latency due to vast data transfer that can slow the process rate.

Manufacturers are incorporating low-latency IoT devices with 5G technology to resolve this issue. The 5G infrastructure offers ultra-low latency to provide an advanced user experience with its fast data transmission features, boosting its demand across mission-critical applications. It allows ultra-reliable communication with low latency for vehicle-to-vehicle communication in crowded urban areas and high-speed scenarios. Thus, 5G infrastructure offers ultra-low latency for the connected devices in industry 4.0 applications, fueling the demand for 5G infrastructure.

Key Findings in the 5G infrastructure Market Study:

In 2024, the Hardware Segment is Expected to Dominate the 5G Infrastructure Market

Based on component, in 2024, the hardware segment is expected to account for the largest share of the 5G infrastructure market. The rapid deployment of 5G RAN with small cell base stations and increasing implementation of virtual RAN among network service providers to reduce network complexities are expected to support the growth of this segment.

In 2024, the 5G NR Non-standalone (NSA) Segment is Expected to Dominate the 5G Infrastructure Market

Based on network architecture, in 2024, the 5G NR Non-standalone (NSA) segment is expected to account for the largest share of the 5G infrastructure market. The rising need for higher data transfer speeds to provide reliable communication to wireless devices and increasing delivery efficiency at a low cost in existing architecture is expected to support the growth of this segment.

The 2 GHz to 6 GHz Segment to Register the Highest CAGR During the Forecast Period

Based on spectrum, the 2 GHz to 6 GHz segment is slated to register the highest CAGR during the forecast period. The increasing investments by communication service providers to offer mid-band spectrum and the increasing demand for high-speed internet across are expected to support the growth of this segment.

Asia-Pacific to Register the Highest CAGR During the Forecast Period

Asia-Pacific is slated to register the highest CAGR during the forecast period. The market in Asia-Pacific is expected to witness rapid growth during the forecast period due to the presence of prominent key players in the region, supportive government initiatives, the growing adoption of advanced technologies such as IoT and M2M communication, and the increasing prominence of SMEs.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players between 2020 and 2024. The key players profiled in the 5G infrastructure market study are Telefonaktiebolaget LM Ericsson (Sweden), Cisco Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), AT&T Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), T‑Mobile US, Inc. (U.S.), Ciena Corporation (U.S.), ZTE Corporation (China), Nokia Corporation (Finland), CommScope Inc. (U.S.), Vodafone Limited (U.K.), NEC Corporation (Japan), American Tower Corporation (U.S.), MediaTek Inc. (Taiwan), and Comba Telecom Systems Holdings Ltd. (China).

Scope of the Report:

5G Infrastructure Market, by Component

• Hardware
  • Base Station
    • Macro Cell
    • Small Cell
      • Pico Cell
      • Femto Cell
      • Metro Cell
  • Radio Access Network
    • Baseband Unit
      • Distributed Unit
      • Centralized Unit
  • Transport Network
    • Front haul
    • Backhaul
    • Midhaul
  • Core Network
    • Gateway
    • Other Core Networks
  • Antennas
  • Other Hardware
• Software
  • Software-Defined Networking (SDN)
  • Network Function Virtualization (NFV)
  • Cloud RAN
• Services
  • Managed Services
  • Professional Services
  • Network Services

5G Infrastructure Market, by Network Architecture                                       

• 5G NR Standalone (SA)
• 5G NR Non-standalone (NSA)

5G Infrastructure Market, by Spectrum                                           

• 600 MHz to 2 GHz (Low-band)
• 2 GHz to 6 GHz (Mid-band)
• Above 6 GHz (high-band)

5G Infrastructure Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Israel
  • Rest of Middle East & Africa

Key questions answered in the report: