5G Infrastructure Market size is estimated to reach USD 95.88 billion by 2030

 5G Infrastructure Industry 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.

 

Gather more insights about the market drivers, restrains and growth of the Global 5G Infrastructure Market

 

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, and Virtual 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.

 

Browse through Grand View Research's Next Generation Technologies Industry Research Reports

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Key Companies Profile

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

 

Order a free sample PDF of 5G Infrastructure Market Intelligence Study, published by Grand View Research. 

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