Market Overview
The global 5G equipment market size was valued at USD 23.4 Billion in 2024 and is projected to reach USD 277.0 Billion by 2033, exhibiting a CAGR of 30.01% during 2025-2033. Growth is driven by rising data-intensive applications, low latency needs for autonomous vehicles, remote surgeries, augmented reality (AR), and increasing IoT device adoption. North America dominates the market due to a robust technological ecosystem and significant manufacturer presence.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
5G Equipment Market Key Takeaways
- Current Market Size: USD 23.4 Billion in 2024
- CAGR: 30.01% during 2025-2033
- Forecast Period: 2025-2033
- The market experiences steady growth due to increased use of data-intensive applications and smart city initiatives.
- Technological advancements have led to more efficient, lower energy-consuming, and high-performance 5G equipment.
- Key industry applications include telecommunications, automotive, healthcare, manufacturing, and entertainment.
- North America leads due to advanced telecommunications infrastructure, while Asia Pacific shows rapid growth from escalating demand.
- Challenges include security concerns but opportunities exist in addressing sustainability and cost-effective solutions.
Sample Request Link: https://www.imarcgroup.com/5g-equipment-market/requestsample
Market Growth Factors
The 5G equipment market is largely influenced by the increasing demand for data-intensive applications. This increase is mainly driven by the growing use of smartphones, tablets, connected devices, and data-driven services.
Among the most bandwidth-consuming application are high-definition video streaming, cloud computing, and online gaming. Besides that, remote work, online education, and telemedicine skyrocketing contribute to the need for fast and reliable connectivity. 5G's capability to offer higher data rates and lower latency makes user experiences better, thus adoption by telecom operators and organizations upgrading connectivity infrastructures is increasing.
Low latency, for example, is very important in real-time communication systems like autonomous vehicles, remote surgeries, and augmented reality (AR). 5G's ultra-low latency features enable almost instant communication between vehicles and infrastructure, thus safety and efficiency are improved. In medicine, remote operations take advantage of least possible delay, which can eventually lead to saving more lives. Besides, AR and virtual reality get more user attractive due to higher interactivity and responsiveness. Besides that, financial sectors that need low latency for high-frequency and algorithmic trading, where even milliseconds can change results, are also leveraged by 5G. These are some of the examples where time-sensitive and innovative sectors cannot do without 5G technology.
The advancement of this market is also supported by the ever-increasing IoT devices adoption trend. These gadgets may be smart home appliances, fitness bands, industrial sensors, or infrastructure of smart cities. 5G can handle a huge number of connections at a time and at the same time offer low-power wide-area type of connections that are perfect for different industries like agriculture, healthcare, logistics, and utilities. As far as has been said, less energy consumption, more capacity, and better coverage are the reasons why 5G is the most suitable technology for IoT deployment. Data generated by IoT opens the doors of getting insights for enhanced decision-making and innovation to organizations.
Market Segmentation
Breakup by Technology:
- Network Function Virtualization (NFV): NFV holds the majority market share by virtualizing network functions traditionally performed by hardware, enhancing flexibility, scalability, and cost-effectiveness.
- Software Defined Networking (SDN): SDN separates the control plane from data, enabling centralized control, network management, and dynamic configuration.
- Multi-access Edge Computing (MEC): MEC extends cloud capabilities to the network edge, vital for low-latency applications like AR, autonomous vehicles, and IoT by enabling real-time processing.
Breakup by Equipment:
- Macrocell: Dominates market share as large cellular base stations providing broad coverage in urban, suburban, and rural environments, essential for 5G outdoor services.
- Small Cell: Provides coverage in localized, high-density areas such as stadiums and malls, playing a critical role in network densification.
Breakup by Architecture:
- 5G Standalone (NR + Core): Leading segment featuring a fully independent 5G network with 5G new radio and dedicated core, offering low latency and increased capacity.
- 5G NR Non-Standalone (LTE Combined): Combines 5G NR with existing LTE infrastructure for faster 5G adoption with enhanced broadband capabilities.
Breakup by Frequency:
- Sub 6 GHz: Largest market segment offering a balance between coverage and capacity suitable for urban and suburban areas.
- Above 6 GHz: Higher frequency millimeter wave bands offering ultra-high data speeds for dense urban environments but limited coverage.
Breakup by Application:
- Consumer Electronics: Largest application segment including smartphones, tablets, smart TVs, and wearables benefiting from enhanced connectivity and speeds.
- Automotive: Uses 5G for connected vehicles, autonomous driving, V2V and V2I communication with real-time data exchange and enhanced safety.
- Commercial: Encompasses organizations using 5G for improved connectivity, productivity, private networks, and secure tailored solutions.
- Industrial: Includes manufacturing, logistics, energy, and healthcare using 5G for automation, remote monitoring, predictive maintenance, and IIoT applications.
Regional Insights
North America leads the 5G equipment market, holding the largest share due to its highly developed telecommunications infrastructure, presence of major manufacturers, and favorable government initiatives. The region benefits from rising digital service adoption and IoT applications. Asia Pacific represents a fast-growing market, supported by significant investments in 5G infrastructure and escalating demand for high-speed connectivity. Europe maintains a strong presence with advancing 5G solutions and increasing technology adoption. Latin America and the Middle East & Africa show growth potential linked to infrastructure development and demand for high-speed networks.
Recent Developments & News
In October 2024, T-Mobile introduced "5G on Demand," a portable and comprehensive private 5G network solution that includes services for installation, teardown, and network management. In September 2024, Vodafone Idea Limited awarded a three-year contract to Nokia for deploying 4G and 5G equipment, including modernization and expansion of VIL’s 4G network and implementation of Nokia’s 5G AirScale portfolio.
Key Players
- Airspan Networks
- Cisco Systems Inc
- CommScope
- Fujitsu Limited
- Huawei Technologies Co. Ltd.
- NEC Corporation (AT&T Inc.)
- Nokia Corporation
- Qualcomm Inc.
- Samsung Electronics Co. Ltd.
- Telefonaktiebolaget LM Ericsson
- ZTE Corporation
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Request for customization: https://www.imarcgroup.com/request?type=report&id=7192&flag=E
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-201971-6302
