5G network market is anticipated to grow at attractive CAGR of 50.0% during the forecast period. The growth of the market is attributed to factors such as the increasing demand for high-speed and low-latency communication, advancements in communication technologies, and the proliferation of connected devices. Further, the deployment of 5G networks to support emerging technologies such as Internet of Things (IoT), autonomous vehicles, and smart cities are also anticipated to fuel the demand for 5G networks. For instance, in the consumer electronics segment, the adoption of 5G technology in smartphones and other connected devices is expected to drive significant market growth. Owing to this various mobile companies launches 5G supported mobile phones to cater the demand of 5G Network. For instance, in February 2023, OnePlus launched the OnePlus 11 5G phones. The phone features an OLED panel, 120Hz screen refresh rate, Snapdragon 8 Gen 2 processor, 100W fast charging support, and more. The phone has a 6.70-inch touchscreen display with a resolution of 1440×3216 pixels (QHD+) at a pixel density of 525 pixels per inch (ppi) .It runs on Android 13 and is powered by a 5000mAh non-removable battery. The phone supports Super VOOC fast charging and face unlock. Connectivity options include Wi-Fi, GPS, NFC, 3G, 4G, and 5G with active 4G on both SIM cards.
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The global 5G network market is segmented based on its communication infrastructure, spectrum band, and end user. Based on the communication infrastructure, the market is segmented into Free Wireless Access (FWA), Enhanced Mobile Broadband (EMBB), and Ultra Reliable Low Latency Communications (URLLC). Based on the spectrum band, the market is categorized into millimeter wave, mid-band spectrum, high-band spectrum, and low-band spectrum. Based on the end user, the market is segmented into residential, commercial, and industrial. Among the communication infrastructure, the EMBB segment is anticipated to hold a prominent market share due to the increasing demand for high-speed data services and video streaming applications.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global 5G Network Market by Communication Infrastructure
- Free Wireless Access (FWA)
- Enhanced Mobile Broadband (EMBB)
- Ultra Reliable Low Latency Communications (URLLC)
Global 5G Network Market by Spectrum Band
- Millimeter Wave (mmWave)
- Mid-Band Spectrum (2.5-6.5 GHz)
- High-Band Spectrum (28-60 GHz)
- Low-Band Spectrum (600-900 MHz)
Global 5G Network Market by End User
- Residential
- Commercial
- Industrial
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AT&T
- Beijing Unimobile Technology Co., Ltd.
- Bharti Airtel Ltd.
- China Mobile Hong Kong Co. Ltd.
- China Telecom Corp. Ltd.
- Cisco Systems, Inc.
- Deutsche Telekom AG
- Ericsson
- Intel
- LG Electronics Inc.
- NTT DOCOMO, Inc.
- Orange S.A.
- SK Telecom.
- SoftBank Group Corp.
- Sprint Corp.
- Telefónica S.A.
- Telstra
- The Verizon
- T-Mobile
- Vodafone
- ZTE Corp.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global 5G network market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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