5G equipment market to grow by 65.6% Y-O-Y from 2022 to 2023: Adoption of 5G networks will drive growth - Technavio
NEW YORK , Dec. 13, 2022 /PRNewswire/ --
5G equipment market insights -
Vendors: 15+, Including 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., among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
In 2017, the 5G equipment market was valued at USD 466.21 million. From a regional perspective, North America held the largest market share, valued at USD 159.73 million. The 5G equipment market size is estimated to grow by USD 56,716.75 million from 2022 to 2027 at a CAGR of 66.5% according to Technavio.
5G equipment market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines ?
The global 5G equipment market is fragmented. The market comprises a limited number of players selling major components required for setting up a 5G network. Many players operating in the market provide components used in 3G/4G networks and offer generic components. The market is in the developing stage, and vendors are still running commercial tests in many countries in regions. As the 5G network setup requires government permission for which bids are announced, the competition is high among vendors.
Vendors compete based on services and quality, apart from providing innovative products. Owing to a high level of innovation, vendors are investing in R&D and gaining a competitive edge during the forecast period. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -
Altiostar - The company offers 5G equipment such as span macro cells, small cells, and massive MIMO solutions.
Analog Devices Inc. - The company offers 5G equipment such as 5G mmW RF Front End ICs 24 GHz to 48.2 GHz.
Cisco Systems Inc. - The company offers 5G equipment such as Open vRAN Ecosystem for 5G.
5G equipment market - Market Dynamics
Major Drivers:
Adoption of 5G networks for smart cities
Growing adoption of smartphones and demand for better connectivity
Government initiatives for high-speed network connectivity
Key Challenges:
Energy efficiency challenges in 5G small cell networks
Threat of cybersecurity breach
High deployment costs of 5G technology
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
The 5G equipment market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
What are the key data covered in this 5G equipment market report?
CAGR of the market during the forecast period.
Detailed information on factors that will drive the growth of the global 5G equipment market between 2023 and 2027
Precise estimation of the size of the 5G equipment market and its contribution to the parent market.
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the 5G equipment market industry across North America, Europe, APAC, South America, and the Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of 5G equipment market vendors
Related Reports:
The 5G MmWave technology market size is expected to increase to USD 674.1 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 31.8%. The rising demand for high-speed networks is notably driving the 5G MmWave technology market growth, although factors such as uncertain economic conditions may impede the market growth.
The 5G testing equipment market is estimated to grow at a CAGR of 7.84% between 2022 and 2027. The size of the market is forecast to increase by USD 515.76 million. The increasing demand for improved network capacity to access connected services is notably driving the market growth, although factors such as challenges related to the deployment of 5G technology may impede the market growth.
5G Equipment Market Scope
Report Coverage
Details
Page number
177
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 66.5%
Market growth 2023-2027
USD 56716.75 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
65.6
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 32%
Key countries
US, China, South Korea, Japan, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
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.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Product
Exhibit 06: Executive Summary ? Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global 5G equipment market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global 5G equipment market 2017 - 2021 ($ million)
Exhibit 170: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 171: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 172: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 173: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 174: Telefonaktiebolaget LM Ericsson - Segment focus
12.17 ZTE Corp.
Exhibit 175: ZTE Corp. - Overview
Exhibit 176: ZTE Corp. - Business segments
Exhibit 177: ZTE Corp. - Key news
Exhibit 178: ZTE Corp. - Key offerings
Exhibit 179: ZTE Corp. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 182: Currency conversion rates for US$
13.4 Research methodology
Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources
13.5 List of abbreviations
Exhibit 186: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Author O. A. Chapman, III shares his insights into the lives and struggles of America's homeless in The Making Of A Nation: What America Created ($15.49, paperback, 9781662897320; $6.99, e-book, 9781662897337).
...I got tired of watching the...
ADENTRA Inc. ("ADENTRA" or the "Company") today announced financial results for the three months ended March 31, 2024. ADENTRA is one of North America's largest distributors of architectural building products to the residential, repair and remodel,...
OLED monitor display shipments significantly increased in 2023, following an upsurge of 415% year-over-year (YoY), according to Omdia's Monitor Display & OEM Market Tracker. This trend is set to continue with Omdia forecasting a 123% YoY increase in...
To the Holders of Common Shares of Labrador Iron Ore Royalty Corporation
The Directors of Labrador Iron Ore Royalty Corporation ("LIORC" or the "Corporation") present the first quarter report for the period ended March 31, 2024.
Financial...
Mountain Province Diamonds Inc. ("Mountain Province", the "Company") today announces financial results for the first quarter ended March 31, 2024 ("the Quarter" or "Q1 2024") from the Gahcho Kué Diamond Mine ("GK Mine"). All figures are expressed...
As the world eagerly anticipates advancements in diagnostics, Biolabs International LLC stands at the forefront of innovation with the announcement of an exclusive distribution agreement. In response to the unprecedented demand for the highly...