5G Infrastructure Industry

The global 5G infrastructure market size was estimated at USD 16.69 billion in 2023 and is expected to grow at a CAGR of 22.9% from 2024 to 2030. The growing mobile data traffic and the rise of smart cities with IoT applications are key factors that are fueling market growth. Moreover, increased government and telecom investments in 5G networks are expected to create growth opportunities for the market. The increasing demand for connected devices for uses like smart buildings and remote healthcare is also contributing to market growth. Worldwide data traffic, especially mobile data traffic, has increased at exponentially over the past few years.

According to the Telefonaktiebolaget LM Ericsson’s Mobile Data Traffic Outlook report, at the end of 2023, total worldwide mobile data traffic (without traffic caused by fixed wireless access) reached 130 EB per month and is expected to increase by a factor of 3 to reach 403 EB per month by 2029.This growth in mobile data traffic, coupled with increasing preference for 5G networks, is creating significant opportunities for market growth. The growing number of smart cities in major countries, such as the U.S., Japan, China, Germany, Italy, the UK, and India, has increased the adoption of IoT technology for applications, such as transportation, energy management, and public safety & security.

To offer continuous connectivity for these mission-critical applications, various telecom providers invest in 5G network infrastructure across many cities in partnership with the local federal government. This private and government investment in deploying 5G network infrastructure significantly drives market growth. The rising demand for connected devices and the use of 5G IoT in Industry 4.0 are also among the significant factors driving the industry growth. 5G enables the most advanced network, designed to link nearly anything and everyone, including objects, machines, and gadgets.

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

5G Infrastructure Market Segments Highlights:

1. The hardware component segment dominated the market in 2023 owing to a significant rise in investments in deploying centralized RAN or 5G cloud across key countries, such as the U.S., the UK, China, and Japan

2. The private type segment dominated the market in 2023. The growing demand for enhanced security, low latency, and customized solutions from industries, such as manufacturing and healthcare, are driving the segment's growth

3. The sub-6 GHz spectrum segment dominated the market in 2023. The segment growth is attributed to the high focus on releasing sub-6 GHz frequency bands by federal governments across key countries to deliver high-speed data services

4. The standalone network architecture segment is expected to register the highest CAGR from 2024 to 2030. Growing investments in installing a standalone 5G network to deliver ultra-reliable low-latency connectivity for applications, such as connected vehicles, are estimated to drive segment growth

5. In terms of vertical, the industrial segment is expected to register a significant CAGR from 2024 to 2030 owing to the growing need to provide unified connectivity to several industrial sensors and collaborative robots

6. Asia Pacific dominated the global market in 2023. Favorable government initiatives and growing deployment & adoption of the 5G network in countries, such as South Korea, China, and India, are propelling the regional market growth

5G Infrastructure Market Report Segmentation

Grand View Research has segmented the global 5G infrastructure market on the basis of component, type, spectrum, network architecture, vertical, and region:

5G Infrastructure Component Outlook (Revenue, USD Million, 2018 - 2030)

1. Hardware

   1. Radio Access Network (RAN)

   2. Core Network

   3. Backhaul & Transport

   4. FrontHaul

   5. MidHaul

2. Services

   1. Consulting

   2. Implementation & Integration

   3. Support & Maintenance

   4. Training & Education

5G Infrastructure Type Outlook (Revenue, USD Million, 2018 - 2030)

1. Pubic

2. Private

5G Infrastructure Spectrum Outlook (Revenue, USD Million, 2018 - 2030)

1. Sub-6 GHz

   1. Low Band

   2. Mid Band

2. mmWave

5G Infrastructure Network Architecture Outlook (Revenue, USD Million, 2018 - 2030)

1. Standalone

2. Non-standalone

5G Infrastructure Vertical Outlook (Revenue, USD Million, 2018 - 2030)

1. Residential

2. Enterprise/Corporate

3. Smart City

4. Industrial

5. Energy & Utility

6. Transportation & Logistics

7. Public Safety & Defense

8. Healthcare Facilities

9. Retail

10. Agriculture

11. Others

5G Infrastructure Regional Outlook (Revenue, USD Million, 2018 - 2030)

1. North America

   1. US

   2. Canada

   3. Mexico

2. Europe

   1. UK

   2. Germany

   3. Italy

3. Asia Pacific

   1. China

   2. Japan

   3. India

   4. South Korea

   5. Australia

4. Latin America

   1. Brazil

5. Middle East & Africa (MEA)

   1. Kingdom of Saudi Arabia (KSA)

   2. UAE

   3. South Africa

Key 5G Infrastructure Company Insights

Some of the key players operating in the market include Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., and Samsung Electronics Co., Ltd.

1. Telefonaktiebolaget LM Ericsson provides Information and Communication Technology (ICT) services across the globe. The company’s range of offerings spans various areas, including cloud software and services, networks, enterprise wireless solutions, global communications platforms, technologies, and new businesses, as well as IPR licensing

2. Huawei Technologies Co., Ltd. provides smart devices and information & communication technology components to communications service providers, government agencies, and business enterprises. The company carries out its business through five operating segments namely, Cloud Computing Business, Consumer Business, ICT Infrastructure Business, Intelligent Automotive Solution Business, and Digital Power Business

Key 5G Infrastructure Company Insights

1. Huawei Technologies Co., Ltd.

2. Samsung Electronics Co., Ltd.

3. Nokia Corporation

4. Telefonaktiebolaget LM Ericsson

5. ZTE Corporation

6. NEC Corporation

7. Cisco Systems, Inc.

8. Fujitsu Limited

9. CommScope Inc.

10. Comba Telecom Systems Holdings Ltd.

11. Altiostar

12. Airspan Networks

13. Casa Systems

14. Hewlett Packard Enterprise Development LP

15. Mavenir

16. Parallel Wireless

17. JMA Wireless

18. Ceragon

19. Aviat Networks, Inc.

Recent Developments

1. In October 2023, Nokia and Vodafone joined forces to pioneer a commercial 5G Open RAN trial in northern Italy. This pilot will leverage Nokia's containerized baseband software running on Red Hat OpenShift, a leading hybrid cloud platform powered by Kubernetes. The software will be hosted on Dell PowerEdge XR8000 servers, specifically designed for mobile edge computing and optimized for Open RAN workloads. For Layer 1 processing, these servers will be equipped with a Smart Network Interface Card (NIC), co-developed by Marvell and Nokia. This collaboration signifies a major step towards a more open and flexible telecom network infrastructure

2. In June 2023, Orange SA and Telefonaktiebolaget LM Ericsson signed a collaboration agreement and secured contracts for the installation and maintenance of 5G network infrastructure on high-speed rail lines across Spain. With this achievement, Orange SA solidifies its position as a leading contributor to the development and implementation of 5G networks

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