The global 5G infrastructure market size is estimated to reach USD 496.6 billion by 2027, registering a CAGR of 106.4% from 2020 to 2027, according to a new study by Grand View Research, Inc. Investments by communication service providers to deploy 5G infrastructure in a bid to provide improved data services across multiple industry verticals is driving the market growth. Multitude of research and advances in the field of network technologies is expected to bring down the overall installation costs for next generation 5G network equipment and deployment modules. This, in turn, is expected to boost the deployment of 5G technology and related infrastructure.
Significantly
growing demand for high bandwidth connectivity across wide range of use cases
including Ultra-high Definition (UHD) video viewing, cloud-based AR/VR gaming,
and HD video meetings is expected to drive demand during the forecast period.
Moreover, in a bid to enhance the overall productivity and operational efficiencies,
industry verticals including manufacturing, oil and gas, mining, and energy and
utilities are making huge investments for deploying robust 5G networks. Thus,
the rising need for high bandwidth capacity to help facilities establish
unified connectivity across millions of Industrial IoT (IIoT) devices
is expected to foster the global market growth from 2020 to 2027.
With
the emergence of 5G technology, the transportation and logistics industry is
expected to gradually shift towards an autonomous ecosystem. The deployment of
a 5G network is expected to help deliver seamless data speed with low latency
for various transport applications including connected cars, autonomous cars,
and connected ships. Moreover, demand for high-speed bandwidth capacity,
especially across healthcare applications including telemedicine and remote
patient surgeries is expected to further strengthen the market growth in near
future. Similarly, the growth will be supported by rising adoption of smart
cities worldwide.
The
ongoing pandemic of COVID-19 has had an adverse impact on the market. Several
telecom equipment manufacturers across the globe have temporarily shut down
their production facilities and halted exports of 5G equipment. The federal
governments across key countries such as U.S., France, U.K., and Australia have
temporarily postponed the 5G spectrum auctions. Furthermore, the escalating
trade war between the two largest economies coupled with rising security
concerns is estimated to somewhat pose challenge to the market growth, at least
over the next year and half.
Full Research Report On 5G Infrastructure Market Visit Here:
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5G Infrastructure
Market Report Highlights
- The RAN segment is estimated
to reach a market size of USD 214.7 billion by 2027, expanding at a CAGR
of 112.3% from 2020 to 2027, owing to a significant rise in investments
for deploying 5G cloud or centralized RAN across key countries such as
U.S., U.K., Japan, and China
- With the growing need to
provide unified connectivity across IIoT devices and collaborative robots,
the demand for 5G technology and related infrastructure in industrial
segment is anticipated to witness considerable growth over the forecast
period
- Huge investments made by
infrastructure providers in installing a 5G standalone network to deliver
ultra-reliable low latency connectivity for connected vehicle applications
is expected to drive market growth over the forecast period
- The sub-6 GHz segment is
expected to account for the largest market size of USD 302.4 billion by
2027, largely attributed to the governments focus on releasing sub-6 GHz
frequency bands for high-speed data services across major developed
economies
- Leading players such as
Telefonaktiebolaget LM Ericsson and Nokia Corporation are highly focused
on establishing partnerships with leading service providers to enhance
their geographical presence and overall market share
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5G Infrastructure
Market Segmentation
Grand View Research has segmented
the global 5G infrastructure market on the basis of communication
infrastructure, spectrum, network architecture, application, and region:
5G Infrastructure
Communication Infrastructure Outlook (Revenue, USD Billion, 2018 - 2027)
- Solutions
- Radio Access Network (RAN)
- Core Network
- Backhaul & Transport
- Services
- Consulting
- Implementation &
Integration
- Support & Maintenance
- Training & Education
5G Infrastructure
Spectrum Outlook (Revenue, USD Billion, 2018 - 2027)
- Sub-6 GHz
- Low Band
- Mid Band
- mmWave
5G Infrastructure
Network Architecture Outlook (Revenue, USD Billion, 2018 - 2027)
- Standalone
- Non-standalone
5G Infrastructure
Application Outlook (Revenue, USD Billion, 2018 - 2027)
- Consumer
- Home Broadband Services
- Cloud-based Gaming/AR/VR
- UHD TV/Video
- Smart Homes
- Web-Browsing
- Mobile Data Services
- Smart City
- IoT Connected Devices
- Cloud-Computing/Storage
- Others
- Enterprise/Corporate
- Industrial
- Smart Manufacturing
- Wireless Industry Camera
- Industrial sensors
- Inventory Monitoring
- Collaborative
Robot/Cloud-Robot
- Cloud-based AGV
- Industrial Analytics
- Energy & Utilities
- Oil & Gas
- Mining
- Construction
- e-Health
- Remote Patient Monitoring
- Remote Diagnosis &
Surgery
- Hospital Assistant Robot
- Others
- Media & Entertainment
- Transportation &
Logistics
- Connected Fleets
- Infotainment Systems
- Ships and Ports
Connectivity
- Drones
- Aerospace & Defense
- Government
- Smart Retail
- Smart Agriculture
- Others
5G Infrastructure
Regional Outlook (Revenue, USD Billion, 2018 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- latin America
- Brazil
- Mexico
- Middle East & Africa
(MEA)
List of Key Players
of 5G infrastructure Market:
- 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
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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