5G Base Station Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: ICTM240625 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of the 5G base station market was valued at USD 28.7 billion in 2022, and a CAGR of 19.4% is expected during the forecast period. Since the increasing demand for high-speed data with lower latency is significantly increasing, the 5G base station market is significantly growing during the forecast period. Due to the growth of the 5GInternet of Things ecosystem, robust communication systems are anticipated to provide lucrative growth opportunities. The growing trend to employ network devices is a significant need of the time.
Increasing demand for high-speed internet, advancements in communication technologies, and the need for enhanced network capacity and coverage to support emerging applications like autonomous vehicles and augmented reality are driving significant growth in the market. Government initiatives and 5G infrastructure also contribute significantly to market growth.
Growth Drivers
The increasing penetration of smart phones and the increasing demand for high-speed data are the key reasons behind the significant growth in the market. Exponential growth in data consumption, driven by streaming services, cloud computing, and IOT devices, is driving growth in the market significantly. Advancements in technologies such as artificial intelligence, edge computing, and virtualization are driving the need for more capable and adaptable base stations to support these applications effectively.
The proliferation of IoT devices across various industries requires robust connectivity infrastructure provided by 5G base stations to enable real-time data transmission and analysis. Applications like autonomous vehicles, remote surgery, and virtual reality require the low latency provided by the 5G network. Many governments worldwide are investing in 5G infrastructure to foster economic growth, improve competitiveness, and support innovation, which is driving expansion in the market.
It offers significantly higher network
capacity compared to previous generations, addressing the growing demand for
high-bandwidth applications and services. Enterprises are increasingly adopting
5G to improve operational efficiency, enable new services, and enhance the
customer experience, leading to the deployment of more base stations in
industrial and commercial areas. The increasing number of smart cities with
growing urbanization is driving growth in the market.
Segmentation
By Type
·
Small Cell
·
Macro Cell
By Network Architecture
·
5G Standalone
·
5G Non-Standalone
By Core Network
·
Software-Defined Networking
·
Network Function Visualization
By End-User
·
Commercial
·
Residential
·
End-User
·
Government
·
Smart Cities
·
Other End-Users
Regional Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Europe
·
Middle East and Africa
5G Base Station Market by Type
Segmentation
On the basis of the type, the 5G Base Station Market is segmented into small cells and microcells. Small cells are the leading segment and are expected to dominate during the forecast period. Increasing demand for high-speed data with low latency is the requirement of time. The surge in advancements in smart infrastructure solutions is driving growth in the market significantly.
The surge in advancements in smart infrastructure solutions is driving the growth of the market significantly. Increasing demand for smart phones and internet penetration are driving growth in the market. The rise in government regulation related to network radiation is restraining market growth significantly.
5G Base Station Market by End-User
Segmentation
On the basis of end-users, the 5G base station market is segmented into commercial, residential, end-user, government, smart cities, and other end-users. The commercial segment is the leading one and is expected to dominate the market during the forecast period due to increasing demand for high-speed data in various organizations.
The increasing penetration of smart
phones is driving the demand for 5G base stations. Residential is the
second-leading segment in the market and is expected to dominate the region. Smart
cities are another growing segment due to the increasing demand for high-speed
and low-latency data in the region. Smart cities are full of advanced
technology equipment, so the need for 5G data is growing in the rapidly
increasing number of smart cities all over the world.
Regional Outlook
On the basis of the regions, the 5G base station market is segmented into North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. North America is the leading segment and is expected to dominate the market during the forecast period due to technological advancements. The United States has been at the forefront of 5G deployment, with major telecom operators aggressively rolling out 5G networks in key urban areas. Early adoption has given North America a head starts in the deployment of 5G base stations compared to other regions.
The region is home to many leading technology companies and research institutions driving innovations in telecommunications and networking technologies. North America has a large population, and the penetration of smart phones in the region has increased significantly. Demand for high-speed, low-latency connectivity provided by 5G networks drives investment in 5G infrastructure, including base stations. North America has a thriving eco-system of enterprises across various industries, including manufacturing, health, automotive, and manufacturing, that are eager to leverage the capabilities of 5G for digital transformation initiatives. The region benefits from a robust eco-system of telecom equipment vendors, infrastructure providers, and technology start-ups focused on 5G.
Asia Pacific is another region growing in this market due to the large population in emerging economies and rising disposable income, along with increasing urbanization and industrialization. China is a big market for smartphones, with increasing demand for high-speed data. Since many countries in Asia and the and the Pacific have leapfrogged traditional wired infrastructure and embraced mobile technology as the primary means of internet access, The mobile first approach creates a strong demand for advanced mobile networks like 5G, leading to significant investment in base station deployment.
Governments across Asia Pacific have been proactive in supporting 5G deployment through policies, regulatory reforms, and investments in infrastructure initiatives aimed at spectrum allocation, which is driving growth in the market. The region is a hub for technological innovations, with leading telecom equipment companies driving advancements in this regard, which is driving significant growth in the market. The presence of key players in the region is driving the growth in North America and the European market significantly.
Key Players
·
Huawei Technologies Company Limited
·
ZTE Corporation
·
Nokia Corporation
·
CommScope Holding Co. Inc.
·
Quallcomm Technologies Inc.
·
Alpha Networks Inc
·
NEC Corporation
·
Samsung Group
·
Telefonaktiebolaget LM Ericsson
· Other Players