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5G Infrastructure Market size to grow by USD 95.89 billion from 2023 to 2030; Demand for improving the internet speed & bandwidth to boost the market growth - Facts & Factor
5G infrastructure is referred to as a network of small & macro-base stations possessing edge computing capabilities. Moreover, it comprises standalone 5G infrastructures, which have their cloud network connecting 5G new radio technology and non-standalone infrastructure.
Key components of 5G infrastructure include RAN towers and 5G small cell infrastructure. Furthermore, 5G infrastructure provides low latency coverage for big data streams powering IoT equipment and semi-autonomous vehicles.
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The growing need for improving operational efficiency and reducing processing costs will steer the growth of the 5G infrastructure market globally. Massive demand for improved bandwidth connectivity along with a need for low latency for critical applications including drone connection and vehicle-to-everything will boost the global market trends.
Furthermore, 5G infrastructure is predicted to improve the end-user experience with respect to virtual reality gaming, ultra-high-definition video, AR gaming, and seamless video calling. Apart from this, the healthcare sector in developed countries has highlighted the significance of remote diagnostics for patients and this has led to demand for seamless internet connectivity, thereby driving the expansion of the global market.
Furthermore, as per the GSMA, 5G networks have acquired nearly 50% of urban coverage in their deployment trials in India and China . The move will contribute notably towards the growth of the 5G infrastructure market across the globe.
Reportedly, in December 2022 , Telefonica and Nokia combined sub-6 GHz frequencies in trials conducted on 5G standalone applications. Such moves will contribute notably towards the growth of the market across the globe.
In terms of components, the global 5G infrastructure market is sectored into hardware and services segments. Furthermore, the hardware segment, which accrued more than 48% of the global market share in 2022, is predicted to maintain its segmental dominion in the projected timespan. The segmental growth in the forecasting years can be subject to the installation of 5G RAN along with base stations. The surging trend of installing centralized RAN is increasing significantly among the network solutions providers for reducing infrastructural costs, thereby driving segmental growth.
Spectrum-wise, the 5G Infrastructure industry across the globe is divided into Sub-6 GHz and mmWave segments. Moreover, the mmWave segment, which gathered a major share of the global industry in 2022, is forecast to register the fastest CAGR in the forecast timeframe.
The growth of the segment over 2023-2030 can be owing to high-band frequencies of mmWave that will provide improved bandwidth capacity having low latency. For instance, the federal communication commission launched a large number of mmWave frequencies with a view of providing low-latency connections for self-driven vehicles.
On the basis of the network architecture, the global 5G infrastructure market is divided into standalone and non-standalone segments. Moreover, the non-standalone segment, which accumulated the largest share of the global market revenue in 2022, is forecast to dominate the network architecture segment over the forecast timeframe.
The growth of the segment over 2023-2030 can be owing to the large-scale rolling out of non-standalone networks across the globe. For instance, AT&T and China Mobile Limited have installed a 5G non-standalone network for AR & VR gaming and UHD videos for improving seamless streaming.
Based on the vertical, the global 5G infrastructure industry is divided into residential, smart city, enterprise, industrial, energy & utility, transportation & logistics, public safety & defense, healthcare, retail, and farming segments. Moreover, the enterprise segment, which gathered the highest share of the global market revenue in 2022, is forecast to lead the vertical segment over the forecast timespan. The growth of the segment over 2023-2030 can be subject to humongous demand for fast bandwidth for non-stop connectivity during cloud computation.
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North America , which garnered more than three-fourths of the global 5G Infrastructure market revenue in 2022, is anticipated to record lucrative growth during the projected timespan. The regional market expansion over 2023-2030 can be subject to the large-scale acceptance of advanced technologies such as IoT, smart wearable technologies, and self-driven cars in the U.S.
In addition to this, reliable and rapid connectivity is required for these tools offered by 5G infrastructure, thereby driving the regional market trends. Additionally, the presence of giant firms offering strong 5G infrastructure will amass massive revenue for the regional market in the coming decade.
Furthermore, the 5G Infrastructure industry in the Asia-Pacific zone is predicted to record the highest CAGR in the anticipated timeframe. The factors that are likely to impact the growth of the regional industry are an increase in the installation of 5G new radio infrastructure by key communication service providers by firms such as China Mobile Limited, NTT Docomo Inc., and KT Corporation.
Apart from this, governments in the countries such as South Korea , Japan , and China are trying to launch sub-6GHz and mmWave frequencies to fulfilling the demand for high-speed data connectivity.
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