Subject: MRR
5G Network and Tower Deployment Global Market Report 2023: Sector to Reach $17.78 Billion by 2028 at an 11.6% CAGR
DUBLIN, Feb. 17, 2023 /PRNewswire/ -- The "5G Network and Tower Deployment Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component, Location, Frequency Band, and Small Cell Tower" report has been added to ResearchAndMarkets.com's offering.
The 5G Network and Tower Deployment Market size is expected to reach US$ 17,785.55 million by 2028; it is estimated to register a CAGR of 11.6% from 2022 to 2028.
The adoption of 5G is constantly growing across markets in North America, such as the US and Canada, owing to factors such as post-pandemic economic recovery, rise in adoption of 5G smartphones, and expansion of network coverage by CSPs. Additionally, the 5G network rollout by mobile operators in reasonable subscription plans for commercial and residential applications across countries in North America is further contributing to the 5G network and tower deployment market growth.
Additionally, the increase in research & development expenditure by CSPs is constantly enhancing the effectiveness of the 5G network technology. For instance, Qualcomm Technologies, Inc. integrated mmWave into its 5G offerings to optimize 5G network capabilities. The fixed wireless access systems integrated with mmWave technology can be deployed in cost-effective solutions when installed across a highly populated residential or commercial area.
The surging adoption of automation and the increasing need for efficient and real-time communication systems across various industries, such as retail, manufacturing, healthcare, education, and utilities, are further contributing to the rise in the adoption of 5G network services across the region.
For instance, in September 2020, Virginia Roadways deployed C-V2X Communication Technology by Qualcomm Technologies, Inc. to enhance roadside and vehicle safety across the state. Similarly, in April 2020, AT&T sped up its 5G cell tower deployment to support medical facilities with enhanced connectivity. These factors are further contributing to the growth of the 5G network and tower deployment market in the region.
The North America 5G network and tower deployment market is segmented into the US, Canada, and Mexico. The US held the largest 5G network and tower deployment market share in 2022. This growth is attributed to the presence of a large number of established 5G network service providers across countries such as the US and Canada. North America is also experiencing a rise in new market entrants offering attractive 5G plans for individual and commercial uses.
According to GSMA, in North America, the subscription penetration is expected to grow from 84% in 2021 to 85% by 2025. In 2021, the adoption of smartphones in the region accounted for 82%, which is further expected to reach 85% by 2025. The rising number of government initiatives to deploy and promote the adoption of 5G networks is propelling the growth of the North America 5G network and tower deployment market.
The US accounted for the largest share of the North America 5G network and tower deployment market in 2021. One of the major reasons for the high contribution of the country is the presence of numerous 5G network providers, including Verizon, AT&T, T-Mobile, Comcast, and Dish, across the country. Verizon has been offering 5G broadband internet across 900 cities in the US since October 2018.
Similarly, AT&T started its 5G services in December 2018. It offers two major 5G services - 5G+ in over 40 cities and low band 5G network in over 14,000 cities and towns across the country. This wide offering of 5G services by the above-mentioned network service providers is contributing to the growth of the North America 5G network and tower deployment market. For instance, in April 2022, Pete's adopted self-checkout systems across its 50 retail stores in the US. Similarly, in June 2022, Dollar General started testing self-checkout systems in its numerous retail outlets to offer an enhanced customer shopping experience. These factors are further propelling the businesses of the North America 5G network and tower deployment market player.
AMERICAN TOWER CORPORATION, CROWN CASTLE INTERNATIONAL CORP, CTI TOWERS INC., DISH Network L.L.C., SBA Communications Corporation, CommScope Inc., Mavenir, Verizon Communications Inc, AT&T Inc., and Qualcomm Technologies Inc. are among the prominent 5G network and tower deployment market player.
Report Attribute | Details |
No. of Pages | 208 |
Forecast Period | 2022 - 2028 |
Estimated Market Value (USD) in 2022 | $9211.96 Million |
Forecasted Market Value (USD) by 2028 | $17785.55 Million |
Compound Annual Growth Rate | 11.6 % |
Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. 5G Network and Tower Deployment Market Landscape
5. 5G Network and Tower Deployment Market - Key Market Dynamics
6. 5G Network and Tower Deployment Market - Global Market Analysis
7. 5G Network and Tower Deployment Market - By Component
7.1 Overview
7.2 5G Network and Tower Deployment Market, By Component (2021 and 2028)
7.3 Small Cells
7.4 5G Mobile Core Network
7.5 Radio Access Network
8. 5G Network and Tower Deployment Market - By Location
8.1 Overview
8.2 5G Network and Tower Deployment Market, By Location (2021 and 2028)
8.3 Ground Tower
8.4 Rooftop Tower
9. 5G Network and Tower Deployment Market Analysis - By Frequency Band
9.1 Overview
9.2 5G Network and Tower Department Market, By Frequency Band (2021 and 2028)
9.3 Low Band
9.4 Medium Band
9.5 High Band
10. 5G Network and Tower Department Market Analysis - By Small Cell Tower
10.1 Overview
10.2 5G Network and Tower Department Market, By Small Cell Tower (2021 and 2028)
10.3 Femto Cells
10.4 Pico Cells
10.5 Micro Cells
11. 5G Network and Tower Deployment Market - Geographic Analysis
12. 5G Network and Tower Deployment Market - COVID-19 Impact Analysis
13. Industry Landscape
14. Company Profiles
15. Appendix
A selection of companies mentioned in this report includes
- American tower corporation
- Crown castle international corp
- CTI Towers Inc.
- DISH Network L.L.C.
- SBA Communications Corporation
- CommScope Inc.
- Mavenir
- Verizon Communications Inc
- AT&T Inc.
- Qualcomm Technologies Inc.
- Phoenix Tower International
- Huawei Technologies Co Ltd
- Telefonaktiebolaget LM Ericsson
- Nokia Corporation
- ZTE Corp
For more information about this report visit https://www.researchandmarkets.com/r/sxej6i-network-tower?w=5
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