The latest research report, ‘ 5G Infrastructure Market by Component (Base Station, Radio Access Network [RAN], Transport Network, Core Network), Network Architecture (5G NR Standalone, 5G NR Non-Standalone), Spectrum—Global Forecast to 2030,’ indicates that the 5G infrastructure market is projected to achieve a valuation of $150.9 billion by 2030, expanding at a CAGR of 34.8% from 2023 to 2030.

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Advancements and Increasing Demand

5G infrastructure involves a network comprising small-cell and macrocell base stations, combined with Radio Access Network (RAN), core network, and backhaul & transport systems. This infrastructure signifies a leap from the current 4G LTE networks to next generation 5G networks. The global demand for 5G infrastructure is surging due to its ability to offer faster multi-Gbps data speeds, ultra-low latency, higher reliability, expansive network capacity, and a consistent user experience.

Key Growth Drivers

The growth of the 5G infrastructure market is primarily driven by the rising need for Machine-to-Machine (M2M) connections in various industrial sectors and substantial government investments in 5G technology. The proliferation of smart city projects around the world is also expected to present considerable growth opportunities for the market. Additionally, the rapid rise of cloud computing among SMEs and the advancement of Internet of Things (IoT) technology are pivotal trends influencing the market.

Component Analysis

The hardware segment is anticipated to lead the 5G infrastructure market in 2023. This leadership is attributed to the rapid deployment of 5G Radio Access Network (RAN) with small cell base stations and the increasing adoption of virtual RAN to simplify network management. The hardware segment is also projected to witness the highest CAGR during the forecast period.

Network Architecture Dynamics

In 2023, the 5G NR Non-standalone (NSA) segment is expected to dominate the market due to its ability to meet the growing demand for higher data transfer speeds and reliable wireless communication. Conversely, the 5G NR Standalone (SA) segment is expected to experience the highest CAGR throughout the forecast period.

Spectrum Insights

The 2 GHz to 6 GHz spectrum segment is projected to hold the largest market share in 2023. This is due to increased investments by communication service providers to deliver mid-band spectrum solutions. The segment is also expected to grow at the highest CAGR during the forecast period.

Regional Market Overview

Asia-Pacific is expected to lead the 5G infrastructure market in 2023. This growth is driven by supportive government policies, the presence of key players in the region, and the growing adoption of advanced technologies like IoT and M2M communication. The infrastructural development in China, South Korea, and Japan, along with increasing investments in 5G networks and smart city initiatives, provides significant growth opportunities for the region. Asia-Pacific is also expected to record the highest CAGR during the forecast period.

Leading Companies

Key players in the 5G infrastructure market include Telefonaktiebolaget LM Ericsson (Sweden), Cisco Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), AT&T Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), T‑Mobile US, Inc. (U.S.), Ciena Corporation (U.S.), ZTE Corporation (China), Nokia Corporation (Finland), CommScope Inc. (U.S.), Vodafone Limited (U.K.), NEC Corporation (Japan), American Tower Corporation (U.S.), MediaTek Inc. (Taiwan), and Comba Telecom Systems Holdings Ltd. (China).

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