Market Highlights

Market Research Future (MRFR) in its latest study finds that the global 5G technology market will increase at a CAGR of 70.83% between 2020 and 2025. Going by the projection, the market is likely to reach a valuation of USD 729.97 Bn. 5G technology is anticipated to replace existing wireless technologies in the forthcoming years.

The technology’s robust attributes meet the dynamic needs of the constantly evolving wireless communication landscape. In recent years, there has been significant developments in cellular technology owing to the increasing demand for ultra-fast data speeds with low latency rates. The emergence of the fifth-generation network technology has allowed integration of technologies such as augmented and virtual reality for 3D and ultra-high definition videos and haptic feedback applications. Such developments necessitate high-speed connectivity, which creates market opportunities for 5G technology. Moreover, the growing demand for mobile broadband services and the growing application of IoT across industry verticals is also expected to have a positive impact on the market.

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Major Key players

• Telefonaktiebolaget LM Ericsson
• Verizon
• Huawei Technologies Co. Ltd.
• Qualcomm Technologies Inc.
• Samsung
• MediaTek Inc.
• China Mobile Limited.
• Cisco Systems, Inc.
• AT&T Inc.
• NTT DOCOMO, Inc.
• Nokia.

Segmentation:

MRFR’s study includes a thorough segmental analysis of the market based on communication infrastructure, service, network technology, chipset type, application, and region. By communication infrastructure, the market has been segmented into small cell, macro cell, and radio access network (RAN) and distributed antenna system (DAS). The small cell segment is expected to remain highly attractive during the assessment period. By 2025-end, the segment is expected to reach a market valuation of USD 4.45 Bn, reflecting a healthy growth rate. By services, the market has been bifurcated into professional services and managed services. Among these, the professional services segment accounts for a larger market share in terms of value.

By network technology, the market has been segmented into software-defined networking (SDN), network function virtualization (NFV), mobile edge computing (MEC) and fog computing (FC). By chipset type, the market has been segmented into application-specific integrated circuit (ASIC), radio frequency integrated circuit (FRIC), millimeter wave technology chips and field programmable gate array (FPGA). The ASIC segment is expected to retain its dominant position over 2025. By application, the market has been segmented into automotive, energy and utilities, healthcare, retail, industrial automation, consumer electronics and others. The consumer electronics segment accounts for the largest market share. By 2020, the segment is expected to reach a valuation of USD 2.30 Bn and likely to increase at a triple-digit CAGR of 119.80% during the review period.

Regional Analysis:

Based on region, the 5G technology market has been segmented into Europe, Asia Pacific (APAC), North America and Rest of the World (RoW). North America is expected to remain the most attractive market for 5G technology during the assessment period. The U.S., Canada and Mexico are likely to present lucrative opportunities to market players. The U.S. leads the pecking order. In addition, the 5G market in the U.S. is expected to post a CAGR of 72% during the assessment period. For years, the U.S. has been at the forefront of telecommunication technology and the trend is likely to continue at least for the medium term if not beyond. 5G enabled consumer electronics are witnessing a strong demand across country, which indicates towards tremendous market prospects for the technology in the future. Asia Pacific is also viewed as an important market for 5G technology. 3G market in APAC is projected to increase at 74.60% during the assessment period.

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List of Tables

TABLE 2 LIST OF ASSUMPTIONS 18
TABLE 3 GLOBAL 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-2025 (USD BILLION) 41
TABLE 4 GLOBAL 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2025 (USD BILLION) 44
TABLE 5 GLOBAL 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2025 (USD BILLION) 47
TABLE 6 GLOBAL 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2025 (USD BILLION) 50
TABLE 7 GLOBAL 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2025 (USD BILLION) 54
TABLE 8 GLOBAL 5G TECHNOLOGY MARKET, BY REGION, 2020-2025 (USD BILLION) 56
TABLE 9 NORTH AMERICA: 5G TECHNOLOGY MARKET, BY COUNTRY, 2020-2025 (USD BILLION) 57
TABLE 10 NORTH AMERICA: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-2025 (USD BILLION) 58
TABLE 11 NORTH AMERICA: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2025 (USD BILLION) 59
TABLE 12 NORTH AMERICA: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2025 (USD BILLION) 59
TABLE 13 NORTH AMERICA: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2025 (USD BILLION) 60
TABLE 14 NORTH AMERICA: 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2025 (USD BILLION) 61
TABLE 15 US: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-2025 (USD BILLION) 62
TABLE 16 US: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2025 (USD BILLION) 62
TABLE 17 US: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2025 (USD BILLION) 62
TABLE 18 US: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2025 (USD BILLION) 63
TABLE 19 US: 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2025 (USD BILLION) 63
TABLE 20 CANADA: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-2025 (USD BILLION) 64
TABLE 21 CANADA: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2025 (USD BILLION) 64
TABLE 22 CANADA: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2025 (USD BILLION) 64
TABLE 23 CANADA: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2025 (USD BILLION) 65
TABLE 24 CANADA: 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2025 (USD BILLION) 65
TABLE 25 MEXICO: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-2025 (USD BILLION) 66
TABLE 26 MEXICO: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2025 (USD BILLION) 66
TABLE 27 MEXICO: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2025 (USD BILLION) 66
TABLE 28 MEXICO: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2025 (USD BILLION) 67
TABLE 29 MEXICO: 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2025 (USD BILLION) 67
TABLE 30 EUROPE: 5G TECHNOLOGY MARKET, BY COUNTRY, 2020-2025 (USD BILLION) 68
TABLE 31 EUROPE: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-2025 (USD BILLION) 69
TABLE 32 EUROPE: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2025 (USD BILLION) 70
TABLE 33 EUROPE: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2025 (USD BILLION) 70
TABLE 34 EUROPE: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2025 (USD BILLION) 71
TABLE 35 EUROPE: 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2025 (USD BILLION) 72
TABLE 36 GERMANY: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-2025 (USD BILLION) 73
TABLE 37 GERMANY: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2025 (USD BILLION) 73
TABLE 38 GERMANY: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2025 (USD BILLION) 73
TABLE 39 GERMANY: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2025 (USD BILLION) 74
TABLE 40 GERMANY: 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2025 (USD BILLION) 74
TABLE 41 UK: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-2025 (USD BILLION) 75
TABLE 42 UK: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2025 (USD BILLION) 75
TABLE 43 UK: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2025 (USD BILLION) 75
TABLE 44 UK: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2025 (USD BILLION) 76
TABLE 45 UK: 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2025 (USD BILLION) 76
TABLE 46 FRANCE: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-2025 (USD BILLION) 77
TABLE 47 FRANCE: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2025 (USD BILLION) 77
TABLE 48 FRANCE: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2025 (USD BILLION) 77
TABLE 49 FRANCE: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2025 (USD BILLION) 78
TABLE 50 FRANCE: 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2025 (USD BILLION) 78