5G equipment market to grow by 66.5% from 2022 to 2027, The growing R&D and deployment of the 5G network is a primary trend in the market-Technavio
NEW YORK, June 7, 2023 /PRNewswire/ -- The 5G equipment market is estimated to grow by USD 56,716.75 millionduring 2022-2027. However, the growth momentum will be progressing at a CAGR of 66.5% during the forecast period. The 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 market share growth by the macrocellsegment will be significant for overall market growth during the forecast period. Macro cells are high performance network cells that provide radio coverage for cellular networks. They are typically used to build cellular base stations by mounting microcell antennas on poles or towers. For the microcell to operate smoothly, the antenna must have a clear view of the surroundings so that the signal is not obstructed. As such, they are typically mounted on towers rather than on the ground, on rooftops, or on other existing small structures. Macrocells can provide cellular network coverage for large areas such as large cities. Such factors will increase segment growth during the forecast period. Download a Sample Report Now!
Information Services 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., Qualcomm Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Wireless Excellence Ltd., and ZTE Corp., 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
Segments: 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 growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors 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., Qualcomm Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Wireless Excellence Ltd., and ZTE Corp.
5G Equipment Market ? Market Dynamics
Major Trends -
The growing R&D and deployment of the 5G network will fuel the global 5G equipment market growth.
The increase in R&D activities, along with the improvement of items joining trend-setting innovations, are probably going to increment during the conjecture time frame.
In October 2019, Qualcomm Inc. (Qualcomm) announced 200 million in venture subsidies for organizations constructing the 5G biological system. Since 2018, Ericsson has been focusing on 5G R&D and has contributed more than 350 million to 5G R&D.
The organization is focused on creating 5G and other imaginative portable innovations. In January 2020, Chinese vendor Huawei completed 5G New Radio testing using a 2.6 GHz spectrum in the 5G trial organized by the IMT-2020 (5G) promotion group.
The company's dominating position in test completion and newly acquired results further accelerate the progress of 5G technology R&D and help in forming a set of unified global standards to impressively conclude China's second phase of the 5G test. The evolution of 5G technology will compel vendors to develop wireless test equipment that effectively supports the technology.
Key challenges -
The threat of cybersecurity breaches is a major challenge for market growth.
5G networks are projected to make communication between linked devices like driverless vehicles, electronic healthcare, smart cities, and building and home automation easier.
These applications and the implementation of 5G networks would enable real-time monitoring and control of numerous connected devices. With the integration of 5G networks in these applications, the threat of cyber-attacks will grow.
Hacking connected devices to collect customer data or breaching many devices to launch a Distributed Denial of Service (DDoS) assault on important target servers are examples of cyber-attacks on 5G networks.
Moreover, numerous small-cell manufacturing organizations will face a challenge in meeting the above-mentioned requirements.
The transmission power, although it increases computational cost, will lessen with the utilization of advancements, for example, Massive MIMO.
In this manner, firms need to address the exchange off, wherein they have to choose whether computational or transmission power is increasingly imperative to keep up the vitality proficiency of 5G little cell systems.
Drivers, Trends 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.
The 5G testing equipment market is estimated to grow at a CAGR of 7.84% and the size of the market is forecast to increase by USD 515.76 million between 2022 and 2027. This report extensively covers market segmentation by application (oscilloscopes, signal generators, signal analyzers, network analyzers, and others), end-user (telecom equipment manufacturers, original device manufacturers, and telecom service providers), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The increasing demand for improved network capacity to access connected services is notably driving the wireless testing market growth.
The 5G internet of things (IoT) marketsize is estimated to grow at a CAGR of 106.67% between 2022 and 2027. The market size is forecast to increase by USD 77,586.17 million. This 5G IoT market report extensively covers market segmentation by type (5G non-standalone and 5G standalone), component (hardware, services, platform, and connectivity), and geography (APAC, North America, Europe, Middle East and Africa, and South America). Rising adoption of 5G is the key factor driving the growth of the global 5G internet of things market.
5G Equipment Market Scope
Report Coverage
Details
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 56,716.75 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, Market condition analysis for 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 Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.
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