The 5G infrastructure market is estimated to be valued at USD 2.86 Billion in 2020 and it is further projected to reach USD 33.72 Billion by 2026, at a CAGR of 50.9% between 2020 and 2026. The forecast period for this report is considered between 2020 and 2026. The major factors driving the growth of the market include increasing demand for mobile data services, rising importance of software implementation in communication network, growth of machine-to-machine (M2M) communication in industries, and growing demand for high speed and large network coverage.
• Download PDF Brcohure:-
In this report, the 5G infrastructure market is segmented on the basis of communication infrastructure, core network technology, chipset type, application, and geography. Based on communication infrastructure, the market for small cells will hold the largest share during the forecast period because of the high-scale deployment of small cell network to enhance network capacity in terms of high-speed data transfer rate.
The SDN core network technology is estimated to hold the largest market share in 2020. This is because of it is expected that many network operators will adopt SDN network technology to enhance their network operation. In 5G environment, it would be very difficult for network operators to monitor and operate their network with conventional hardware methods and components. Thus, to improve the overall operational efficiency, network operators are likely to adopt SDN technology.
In chipset type, the market for ASIC chipset is estimated to grow at the highest rate during the forecast period. The growth is attributed to the high-scale adoption in consumer electronics devices such as AR and VR devices and smartphones. However, owing to the demand from 5G network infrastructure segment, the market for RFIC is further projected to hold the largest share during the forecast period. For example, in small cell infrastructure, the RFIC chipset is one of the important components. Hence, the high-scale deployment of small cells in 5G environment acts as a driving factor for the growth of RFIC chipset in the 5G network infrastructure market.
In terms of application, the market for industrial automation is expected to grow at the highest rate between 2020 and 2026. This growth is attributed to the growing demand for process automation in various industries such as manufacturing and process industries. To carry out various processes effectively in these industries, the flow of data and information at right time and place is crucial. With the implementation of 5G network, a strong data network, in terms of high speed with the minimal delay, can be easily achieved.
The growth of the 5G infrastructure market in North America is likely to be propelled by the growing demand for 5G-enabled consumer electronic devices such as smartphones, AR and VR devices, and tablets. Faster connectivity is the most critical requirement for these devices. In North America, the industry segment adopted the high-level automation with the implementation of advanced technologies such as machine-to-machine communication (M2M), Internet of Things (IoT), and robotics. For these technologies, high-speed data transfer rate is required to carry out the assigned tasks. In such cases, 5G-enabled data network will serve the purpose. However, companies face major technological design challenges such as power dissipation in massive multiple input and multiple output (MIMO) and inter-cell interference.
The major vendors in the 5G infrastructure market include Qualcomm (US), Intel (US), Ericsson (Sweden), Samsung (South Korea) NEC (Japan), Qorvo (US), AT&T (US), Huawei (China), MediaTek (Taiwan), Cisco (US), Cavium (US), and MACOM Technology Solutions (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441