5G Infrastructure Market Size, Share & Trends Analysis Report By Component (Hardware, Services), By Spectrum (Sub-6 GHz, mmWave), By Network Architecture, By Vertical, By Region And Segment Forecasts, 2022 - 2030

Report Overview

The global 5G infrastructure market size was valued at USD 4.75 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 34.2% from 2022 to 2030. 5G infrastructure is mainly a combination of Radio Access Network (RAN), core network, and backhaul and transport. The backhaul and transport network includes fiber optics or microwave antennas. The growing demand for enhanced bandwidth connectivity with low latency for many mission-critical applications, such as vehicle-to-everything (V2X) and drone connectivity, is estimated to fuel the 5G infrastructure industry growth. Some of the largest economies, such as the U.S. and China, are expected to continue spending aggressively on provisioning healthcare facilities. For instance, the National Health Expenditure Accounts (NHEA) of the U.S. expect the overall healthcare spending in the U.S. to reach more than USD 16.0 trillion by 2030, nearly 32% of GDP.

The healthcare industry, especially in developed economies, has started emphasizing the importance of concepts like remote diagnosis and surgeries to the patients. Therefore, to deliver constant data connectivity during remote patient surgeries, the need for next-generation technology and related infrastructure is expected to drive the market for 5G infrastructure in the forthcoming years.

5G technology is expected to provide improved user experience for several use cases, including Ultra-high Definition (UHD) video, seamless video calling, andVirtual Reality(VR) and Augmented Reality (AR) gaming. In a bid to sustain in an extremely competitive environment, several manufacturing facilities are converging on technological transformations to increase their overall productivity and operational efficiency and reduce costs.

The continued emphasis on improving energy monitoring and management, coupled with the need to gain better control over the energy generation and distribution network, is expected to boost the deployment of 5G infrastructure during the forecast period. The outbreak of COVID-19 is certainly expected to delay the implementation of the 5G infrastructure, owing to the disruptions in further trials and testing required for verifying the stability and processing performance of 5G standalone networks. The ongoing pandemic has had an additional impact, with telecom regulatory authorities postponing their plans for the 5G spectrum auction, thereby adversely impacting the market growth.

For instance, governments in a few key countries including France, Spain, and Australia have temporarily postponed the spectrum auctions on several frequencies, such as sub-6 GHz and mmWave. Additionally, due to the COVID-19 pandemic, key countries such as China and the U.S. have seen a robust decline in the exports of telecom equipment for 5G New Radios (NR) to the global market. The aforementioned factors are collectively expected to pose a challenge to the market growth for 5G infrastructure, especially over the next couple of years.

Component Insights

In the hardware segment, RAN dominated the market for 5G infrastructure with a share of 48.5% in 2021. This is attributed to the robust deployment of 5G RAN with several small cells and macrocell base stations globally. The trend of deploying virtual and centralized RAN is rapidly rising among network service providers to reduce overall infrastructure costs and network complexities. Moreover, the use of Software-defined Networking (SDN) technology to improve the operational efficiency of virtual RANs is expected to play a crucial role in the segment growth from 2022 to 2030.

The core network sub-segment under hardware is estimated to witness significant growth during the forecast period. The core network plays an essential part in handling network traffic and storing consumer information. Moreover, leading network providers are migrating towards mounting cloud-based 5G core networks to reduce the Total Cost of Ownership (TCO) and deliver smooth connectivity.

For instance, in April 2020, Ericsson and British Telecommunication PLC (BT) made an agreement to deploy a completely cloud-native mobile packet core for standalone and non-standalone networks to fulfill the high-speed bandwidth demand of individual consumers and enterprises.

Spectrum Insights

就收入而言,增速低于dominat GHz段ed the 5G infrastructure market with a share of 84.8% in 2021. This is attributed to the significant investments made by key communication service providers in acquiring low and mid-band frequencies, and consequently delivering high bandwidth services to consumers, businesses, and industries. Recently, governments across key countries such as China, the U.S., Japan, and South Korea released sub-6 GHz frequencies to provide high-speed internet services in their countries.

mmWave frequencies are high band frequencies that provide enhanced bandwidth capacity with very low latency. These spectrum bands would be mainly helpful in applications where ultra-reliable connectivity is a prerequisite, especially in remote patient surgeries and Vehicle-to-Vehicle (V2V) connectivity. Additionally, few federal governments across developed economies have released mmWave spectrum bands to provide enhanced data services.

For instance, the Federal Communication Commission (FCC) released several mmWave frequencies, including 24.25-24.45 GHz, 47.2-48.2 GHz, 24.75-25.25 GHz, and 38.6-40 GHz, with a view of delivering connectivity with low latency for applications such as autonomous vehicles. Moreover, countries such as Russia, Japan, South Korea, and Italy have released mmWave frequencies for enhanced data services. Thus, increased focus to release mmWave frequencies by key federal governments is expected to augment the mmWave segment growth during the forecast period.

Network Architecture Insights

受non-standalone (NSA)网络架构nated the global 5G infrastructure industry with a revenue share of over 91% in 2021. This is attributed to the early rollout of the non-standalone network across the globe. The non-standalone network is generally deployed in integration with the existing LTE infrastructure. Besides, several leading service providers such as AT&T, Verizon Communication, and China Mobile Limited have deployed a 5G NSA network model for basic use cases, such as cloud-based AR/VR gaming and UHD videos.

The rapidly growing industrial digitalization has paved a new revenue stream for service providers globally. To provide uninterrupted connectivity between machines, the need for an ultra-reliable high frequency with low latency connectivity is increasing. Similarly, the need for unified bandwidth capacity with minimum latency to establish seamless communication betweenautonomous vehiclesis expected to drive the demand for 5G infrastructure in the transportation and logistics segment. Therefore, the growing demand for faster data speed across the above-mentioned verticals is anticipated to boost the standalone segment growth from 2022 to 2030.

Vertical Insights

The enterprise/corporate segment dominated the market with a revenue share exceeding 20% in 2021. This is attributed to the surging demand for faster data bandwidth for use cases, including uninterrupted virtual meetings, seamless connectivity during cloud computing, and creating a smart workplace by providing enhanced connectivity to IoT devices.

The need to provide seamless connectivity to smart home applications, cloud-based Augmented Reality/Virtual Reality (AR/VR) gaming, and others, have raised the deployment of 5G infrastructure for residential or consumer applications. The rising demand to establish continual communication among industrial applications is expected to propel the growth of the industrial segment during the forecast period. Besides, these industrial applications primarily include collaborative/cloud robots, automated guided vehicles (AGVs), wireless cameras, and others.

The deployment of 5G infrastructure is increasing across government and public safety facilities owing to the imminent need to establish quick communication with first responders during emergencies. In the wake of the ongoing pandemic, the demand for next-generation high-speed networks is expected to surge, especially for healthcare applications. Digital services includingtelemedicineand remote patient monitoring will remain popular even after the pandemic is contained, thereby ensuring robust market growth.

The energy and utility sector is anticipated to showcase enormous growth owing to the growing need for high-speed internet connectivity across energy generation and distribution applications. The growing demand to provide improved connectivity to ships and containers/vessels for efficient monitoring from remote locations is further expected to fuel the adoption of 5G technology and related infrastructure in the transportation and logistics sector.

Regional Insights

The Asia Pacific region dominated the market with a share of over 44.0% in 2021. This is attributed to the aggressive deployment of 5G New Radio infrastructure by major communication service providers, such as China Mobile Limited, KT Corporation, and NTT Docomo Inc. In addition, governments across countries such as Japan, China, and South Korea are highly focused on releasing multiple sub-6GHz and mmWave frequencies to cater to the growing need for high-speed data connectivity among subscriber bases. Consequently, the market in the region is anticipated to witness robust growth during the forecast period.

With the presence of large service providers, such as AT&T Inc., Sprint Corporation, T-Mobile, and Verizon Communications, the U.S. market is also expected to expand at a significant CAGR over the forecast period. The multitude of investments made in deploying 5G infrastructure by the aforementioned companies is anticipated to boost the regional market growth. For instance, in September 2018, T-Mobile signed an agreement with Ericsson worth USD 3.5 billion to support T-Mobile’s 5G network infrastructure. As part of this deal, Ericsson will provide 5G New Radio (NR) hardware and software to T-Mobile for offering high-speed internet. Moreover, the spiraling need for high-speed data networks to build autonomous factories is anticipated to increase the adoption of next-generation network infrastructure in the forthcoming years.

Key Companies & Market Share Insights

The market is highly consolidated with the top four players accounting for over 60% revenue share in 2021. Key players are striving to build strategic partnerships with service providers to deploy next-generation network infrastructure and gain an early mover’s advantage. In January 2022, Telesat partnered with ENCQOR 5G to conduct demonstrations, trials, and pilots to advance 5G connectivity, particularly for industries operating in rural areas in Canada. The collaboration includes the utilization of the ENCQOR testbed, satellite assets, as well as national and international 5G infrastructures.

In January 2022, T-Mobile US and Crown Castle International entered into a 12-year agreement to support T-Mobile’s nationwide 5G network with increased access to Crown Castle’s towers and small cell locations. In December 2021, Sidewalk Infrastructure Partners, a US company pioneering technology-enabled sustainable and inclusive infrastructure, announced that it will acquire a majority stake in Dense Air, an innovative RAN-as-a-Service company that uses shared infrastructure to extend and enhance carrier networks. Leading infrastructure providers are actively targeting key European countries to install their next-generation networks with a special focus on offering enhanced bandwidth capacity for public safety applications.

例如,2020年4月,爱立信进入a partnership with Erillisverkot Group, a Finland-based state government body accountable to provide a public-safety communication network in the country, to deliver 5G core network hardware solutions for mission-critical applications. This next-generation network is scheduled to be operational by mid-2021. Some of the key players in the global 5G infrastructure market are:

• Huawei Technologies Co., Ltd.

• Samsung Electronics Co., Ltd.

• Nokia Corporation

• Telefonaktiebolaget LM Ericsson

• ZTE Corporation

• NEC Corporation

• Cisco Systems, Inc.

• Fujitsu Limited

• CommScope Inc.

• Comba Telecom Systems Holdings Ltd.

• Altiostar

• Airspan Networks

• Casa Systems

• Hewlett Packard Enterprise Development LP

• Mavenir

• Parallel Wireless

• JMA Wireless

• Ceragon

• Aviat Networks, Inc.

5G Infrastructure Market Report Scope

ReportAttribute	Details
Market size value in 2022	USD 9.1 billion
Revenue forecast in 2030	USD 95.88 billion
Growth rate	CAGR of 34.2% from 2022 to 2030
Base year for estimation	2021
Actual estimates/Historical data	2018 - 2020
Forecast period	2022 - 2030
Quantitative units	Revenue in USD Million and CAGR from 2022 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Component, spectrum, network architecture, vertical, region
Regional scope	North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country scope	U.S.; Canada; U.K.; Germany; Italy; Russia; China; Japan; India; South Korea; Brazil; Mexico
Key companies profiled	Huawei Technologies Co., Ltd.; Samsung Electronics Co. Ltd.; Nokia Corporation; Telefonaktiebolaget LM Ericsson; ZTE Corporation; NEC Corporation; Cisco Systems, Inc.; Fujitsu Limited; CommScope Inc.; Comba Telecom Systems Holdings Ltd.; Altiostar; Airspan Networks; Casa Systems; Hewlett Packard Enterprise Development LP; Mavenir; Parallel Wireless; JMA Wireless; Ceragon; Aviat Networks, Inc.
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global 5G infrastructure market report based on component, spectrum, network architecture, vertical, and region:

• Component Outlook (Revenue, USD Million, 2018 - 2030)

  • Hardware

    • Radio Access Network (RAN)

    • Core Network

    • Backhaul & Transport

  • Services

    • Consulting

    • Implementation & Integration

    • Support & Maintenance

    • Training & Education

• Spectrum Outlook (Revenue, USD Million, 2018 - 2030)

  • Sub-6 GHz

    • Low Band

    • Mid Band

  • mmWave

• Network Architecture Outlook (Revenue, USD Million, 2018 - 2030)

  • Standalone

  • Non-standalone

• Vertical Outlook (Revenue, USD Million, 2018 - 2030)

  • Residential

  • Enterprise/Corporate

  • Smart City

  • Industrial

  • Energy & Utility

  • Transportation & Logistics

  • Public Safety and Defense

  • Healthcare Facilities

  • Retail

  • Agriculture

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • Italy

    • Russia

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa (MEA)