29.3% CAGR propels 5G Infrastructure Market to $94.45 Bn by 2032

5G Infrastructure Market Size Worth $94.45 Billion By 2032 | CAGR: 29.3%


The global 5G infrastructure market size is expected to reach USD 94.95 billion by 2032, according to a new study by Polaris Market Research. The report “5G Infrastructure Market Share, Size, Trends, Industry Analysis Report, By Communication Infrastructure (Small Cell, Macro Cell); By Core Network Technology; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

5G infrastructure includes small cell and macro cell base stations for fifth-generation cellular networks. There are two types of infrastructure options: standalone and non-standalone (NSA). The non-standalone infrastructure utilizes the existing 4G LTE network, whereas the standalone infrastructure does not rely on LTE networks.

The 5G infrastructure consists of Radio Access Network (RAN), core, and transport technologies that enable high throughput, low latency, mobility, and increased connection density. The introduction of 5G is expected to open up numerous business opportunities for telecom operators, enterprises, stakeholders, and consumers alike.

The demand for 5G infrastructure is anticipated to rise significantly owing to the ongoing expansion of mobile broadband accessibility made possible by the introduction of advanced smartphones and other wireless devices. As a result, many businesses are focusing on growing their subscriber base by implementing expansion strategies such as providing value-added services in addition to lower prices.

During the pandemic, telecom operators expanded the availability of their 5G services to numerous nations. For instance, Globe Telecom, based in the Philippines, announced plans to accelerate the expansion of its 5G Roaming to various Middle Eastern and Asian countries.

Furthermore, 5G technology has the potential to enhance public safety and security in smart cities significantly. The 5G network's speed and responsiveness enable smart city systems to collect and analyze massive amounts of data from various sources, including intelligent traffic lights, video surveillance cameras, and Internet of Things (IoT) devices.

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The widespread adoption of virtual networking architecture in the telecommunications sector, combined with lower latency in 5G and a significant increase in mobile data traffic, will drive market growth. Furthermore, the increasing trend of mobile-to-mobile communications across multiple industries will promote business growth.

Moreover, the deployment of 5G infrastructure brings numerous benefits, including faster data transmission and significant efficiency improvements over 4G networks. The rise of autonomous vehicles and the demand for increased mobile bandwidth, combined with the implementation of smart city initiatives, is anticipated to propel the growth of the 5G infrastructure in the forecast period.

5G infrastructure Market Report Highlights

  • In 2023, the small cell segment accounted for the largest revenue share in the 5G infrastructure market. Small cells enable businesses to extend high-performance cellular service over a larger area and, in some cases, serve to specific applications. Small cells provide dependable, determined coverage for specific industrial IoT applications. Small cells assist in rebroadcasting signals across the high band to enhance the signal performance.
  • The commercial segment held the highest market share during the forecast period. Companies are rapidly adopting 5G technology to enhance their operations, benefiting from faster data speeds, lower latency, and increased network capacity. Transportation, manufacturing, and healthcare are using 5G to enable innovative applications such as remote surgery, smart factories, and autonomous vehicles.
  • In 2023, North America accounted for the largest market contributor in the 5G infrastructure market due to increasing demand for extensive bandwidth and the surge in data traffic. The existence of numerous critical 5G infrastructure providers is anticipated to drive this demand. Furthermore, the growing adoption of cutting-edge technologies such as artificial intelligence, augmented and virtual reality, and the Internet of Things (IoT) is expected to significantly contribute to the market's advancement in the region.
  • The Asia-Pacific region accounted for the fastest growth in the 5G infrastructure market. China stands out as a major player in 5G technology investments. As a result, it is a crucial market for vendors specializing in 5G infrastructure. The Chinese government, along with telecom operators and vendors, is increasing efforts to accelerate 5G deployment, implying additional market investments. Furthermore, China has some of the providers of telecom 5G infrastructure.
  • The global key market players include Airspan Networks Holdings Inc., Altiostar, Ceragon Networks Ltd., Cisco Systems, Inc., Ericsson, Huawei Technologies Co., Ltd., Mavenir, Nokia Networks, Samsung Electronics Co., Ltd., ZTE Corporation.

Polaris Market Research has segmented the 5G infrastructure market report based on communication infrastructure, core network technology, end-use, and region:

5G Infrastructure, Communication Infrastructure Outlook (Revenue - USD Billion, 2019 - 2032)

  • Small Cell
  • Macro Cell

5G Infrastructure, Core Network Technology Outlook (Revenue - USD Billion, 2019 - 2032)

  • Software Defined Networking
  • Network Function Virtualization

5G Infrastructure, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Commercial
  • Residential
  • Government
  • Industrial

5G Infrastructure, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

5G Infrastructure Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 12.12 billion

Revenue forecast in 2032

USD 94.45 billion

CAGR

29.3% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Communication Infrastructure, By Core Network Technology, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization    

Report customization as per your requirements with respect to countries, region and segmentation

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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