Market Overview

5G, the 5th generation of mobile networks, is a significant evolution of today’s 4G LTE networks. 5G networks are being designed to meet the very large growth in data and connectivity across the globe in today’s modern society, with rising applications on the Internet of Things (IoT) and future technological innovations. 5G technology is expected to provide high-speed Internet services, low latency, and connectivity to enable a new generation of applications, services, and business opportunities that have not been seen before.

The increasing demand for high-speed data connectivity with low latency and with the Internet of things (IoT) on the rise with the increasing number of connected devices have been the major factor that drives the growth in the global 5G base station market. However, various governments across the globe have implemented strict regulations related to network radiations caused by the 5G infrastructure, which is hampering the growth of the market. Future technological advancements due to 5G networks are expected to provide huge opportunities for the growth of 5G base stations.

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Regional Analysis

The global 5G base station market size is expected to register an exponential CAGR of 37.6% valued at USD 6,187.8 million in 2020. The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is the most significant revenue contributor to the global 5G base station infrastructures in terms of research & development in 5G technology, network design/ deployment, and the presence of key market players. The region is well known for its high adoption rate of new advanced technologies, including the Internet of Things (IoT), wearable technology, autonomous cars/ connected cars. A reliable and fast connectivity required for these technologies is expected to be addressed by 5G. In North America, with 5G expected to deliver many years of value to consumers and enterprises in the foreseeable future, various projects such as ‘Next G’ activities are primarily centered around academia with additional efforts from agencies of the US government and SDOs (Standard Developing Organizations). These entities, through public-private partnerships, are actively engaging in scientific and applied research in emerging technologies. Therefore, North America is expected to maintain its leadership in new technologies that will underpin 5G technology. North American market has been segmented into the US, Canada, and Mexico. The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period. The US market is expected to report the highest market share, owing to the technological leaders in the market are already developing applications to take advantage of breakthroughs in 5G technology, justifying support for digital transformation research and development, smart-city testing, smart manufacturing and agriculture, and widespread government-agency adoption of 5G and 5G applications. Additionally, the North American market for 5G base station is expected to grow further due to presence of key players in the region such as Intel Corporation (US), Qualcomm Technologies Inc. (US), Ceragon (US), Airspan Networks (US), CommScope, Inc. (US), Qorvo, Inc (US), Cisco Systems, Inc. (US), and Microsemi (US). These players are competing to deliver with advanced 5G base station that are future ready, capable of connecting millions of devices, enhanced network coverage, low latency, end-to-end solutions, bring new revenue streams for operators, among others.

For the purpose of analysis, the European market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest region globally to adopt 5G base station that strictly comply with the Telecommunications Single Market (TSM) Regulation by European Union. The UK is projected to be the leading country-level market owing to higher adoption from various end-use verticals including manufacturing.

Asia-Pacific region is projected to grow at the fastest rate over the forecast period, with the regional market being segmented into China, Japan, India, and the rest of Asia-Pacific. This growth is attributed to the rapid adoption of 5G technology since 2019, investments from government-allied entities and features a strongly guided industrial policy, economic developments, expanding telecom industry, increasing cellular subscriber base, rise in use of smartphones, rapid development across OTT platforms, and digital innovation in major countries including China, Japan, India, Singapore, Malaysia, Australia, among others.

The market in the Middle East & Africa and South America is expected to register robust growth during the forecast period. The demand is contributed by the industrialization and digital transformation across the industry is expected to continue adoption of 5G base station over the forecast period.

Key Players

According to MRFR analysis, SAMSUNG (South Korea), Huawei Technologies Co., Ltd. (China), Telefonaktiebolaget LM Ericsson (Sweden), Intel Corporation (US), Nokia (Finland), Qualcomm Technologies Inc. (US), ZTE Corporation (China), NEC Corporation (Japan), Ceragon (US), Airspan Networks (US), CommScope, Inc. (US), Marvell (China), Qorvo, Inc (US), Cisco Systems, Inc. (US), and Microsemi (US). The key strategies adopted by most of the players are partnerships, agreements, product developments, and collaborations.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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