5G Technology Market Size, Trends and Insights By Component (Hardware, Software, Services), By Communication Type (Enhanced Mobile Broadband, Massive Internet of Things, Mission Critical Services), By Technology (Radio Access Technologies (RAT), Wi-Fi, High-Speed Package Access (HSPA), Global System for Mobile (GSM), Worldwide Interoperability for microwave access (WiMAX)), By Application (IT & Telecom, Consumer Electronics, Industrial Automation, Automotive, Aerospace & Defense, Healthcare, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Airspan Networks Inc.
- AT&T Inc.
- Cisco Systems Inc.
- Bharti Airtel
- Reliance Jio
- Others
Reports Description
Global 5G Technology Market is expected to reach USD 113.99 Billion from 2023 and expected to reach USD 11,948.72 Billion by 2032 and is expected to reach a CAGR of 65.4% during the forecast period 2023 – 2032.
5G technology is the fifth generation of wireless cellular technology, offering higher upload and download speeds, more consistent connections, and improved capacity. 5G technology has a theoretical peak speed of 20 Gbps, while the peak speed of 4G is only 1 Gbps.
In the last two years, the development of 5G technology has been rapid and wide. To date, more than 260 5G networks have been deployed worldwide and nearly half the global population is leveraging the 5G services.
5G Technology Market – Significant Growth Factors
- Low Latency: 5G technology is acting as a game changer in cellular technology by introducing technological advances throughout network architecture. 5G can be used to address a much more critical challenge, the reduction of network latency. 5G technology allows excellent latency performance on the radio access link and provides a flexible framework to support different services and QoS requirements.
- Industry 4.0 and Smart Manufacturing: Industry 4.0 is propelling the digitization of manufacturing processes, which in turn increases the collection, transfer, and analysis of huge amounts of data in the factories. 5G technology enabled networks will be a major leap forward in the collection and analysis of data.
- Enhanced Data Speed and Bandwidth: 5G technology will introduce advances throughout network architecture. It also offers faster data speed than 4G Technology. 5G New Radio, the global standard for a more capable 5G wireless air interface, covers spectrums not used in 4G. 5G technology providers through various antennas will incorporate a technology known as massive MIMO (multiple input, multiple outputs), which enables multiple transmitters and receivers to transfer more data at the same time with increased speed. 5G architectures are software defined platforms, in which networking functionality is managed through software rather than hardware.
5G Technology Market – Restraints
One of the key challenges for 5G networks is that they require high data rates and low latency. High speed rates and low latency spectrum or radio frequencies are the main requirements.
The Spectrum is a limited and valuable resource, and it is already crowded with existing users, such as TV broadcasters, satellite operators, and military services. Thus, availing spectrum is a very costly and competitive process.
Security and privacy issues are also reducing the adoption of 5G networks in high end applications. The lack of universal directives about applications of 5G technology is expected to restrain the market growth during the forecast period.
Every country has different directives about the usage of 5G technology, and companies operating in the market find it very difficult to cope with such country wide regulations. This in turn discourages investment in the market, thereby restraining market growth.
5G Technology Market – Opportunities
Factors such as the growing number of smart cities across the globe and the rise of edge computing are expected to create lucrative opportunities for the market during the forecast period. 5G Network plays a pivotal role as an enabler in the Smart Cities.
5G enabled cities utilize various technologies such as artificial intelligence (AI) and cognitive computing to enhance the quality and performance of urban services. In smart cities, 5G technology has the potential to significantly enhance public security, safety and ease of services.
By using 5G enabled technologies Smart city systems can gather and analyze massive volumes of data from several sources such as video security cameras, intelligent traffic lights, and other IoT devices.
The growth of Edge computing is mainly related to the growth of 5G technology. 5G and edge computing are dependable on each other.
5G technology increases the speed of data transfer, and bandwidth, while edge computing reduces the back and forth between the data center and the cloud and reduces the amount of unnecessary traffic over the network.
Many technology giants across the globe are combining these two technologies to enhance the digital experience and improve network performance. This is expected to open opportunities for the 5G Technology market during the forecast period.
5G Technology Market – Segmentation Analysis
Global 5G Technology market is segmented by component, usability, technology, application and region. By component market is segmented into the software, services, and hardware segments. Among all of these, the Services segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period.
Growing usage of 5G enabled solutions in various end use applications such as manufacturing, healthcare, IT and telecommunications, home automation, retail, and smart cities to enhance data transfer speed and automate operations is expected to propel the growth of this segment during the forecast period.
By communication type, the market is segmented into enhanced mobile broadband, massive Internet of things and mission critical services.
Among all of these communication types, the enhanced mobile broadband type held the highest market share of 42.00% in 2022 and is expected to keep its dominance during the forecast period owing to growing usage of 5G network broadband capabilities for various applications such as high-speed cloud-based gaming, augmented and virtual reality, UHD video, and uninterrupted video calls.
The Massive Internet of Things segment is expected to grow at the fastest CAGR during the forecast period. Massive interment of things communication type segment is used in the developed digital ecosystem.
By Application, the IT & Telecom segment highest market share in 2022 and is expected to keep its dominance during the forecast period owing to increasing demand for higher data speeds in the IT & telecom sector.
5G services are delivering worldwide broadband access between homes and offices, which in turn drives the utilization in this sector, thereby driving market growth. The consumer electronics segment is expected to grow at the highest CAGR during the forecast period owing to the rapidly expanding consumer electronics industry across the globe.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 113.99 Billion |
| Projected Market Size in 2032 | USD 11,948.72 Billion |
| Market Size in 2022 | USD 78.45 Billion |
| CAGR Growth Rate | 65.4% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Component, Communication Type, Technology, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
5G Technology Market – Regional Analysis
Global 5G Technology market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and Latin America. Among all of these regions, Asia Pacific dominated the global market with a market share of 41.00% in 2022 and is expected to keep its dominance during the forecast period.
Rapidly growing end use industries in courtiers such as China, India, Japan, South Korea, and Australia are propelling the growth of this region. China has emerged as a global leader in both the deployment and commercial development of 5G technology, having established more than 3 million 5G base stations and providing 5G services to 750 million mobile users and over 17,000 factories.
In India, the 5G rollout in India started in 2021, Airtel and Reliance Jio are major players in the Indian Market. In just nine months these two leading Telecom and Mobile service providers have increased 5G availability by up to 30% in India. Reliance Jio deployed over 115,000 5G sites and approximately 690,000 5G cells across India.
South Korea was the first country to launch commercial 5G networks in April 2019 and currently has 5G coverage across its 85 cities. By the end of 2022, South Korea will have 28.06 million 5G subscribers, an increase of nearly 600% compared to some 4.6 million in 2019. Key players operating in South Korea are SK Telecom, KT and LG Uplus.
North America held the second largest market share in 2022 and is expected to keep its position during the forecast period. Major countries U.S. and Canada are driving the market in this region. The early adoption of 5G services in the U.S. now achieved considerable network coverage, having ranked fourth in a 2023 global survey of 5G availability.
Average 5G speeds, meanwhile, continue to climb steadily in both urban and rural areas. Key players, T-Mobile and Verizon lead in both 5G speed and coverage in the U.S.
5G Technology Market Competitive Landscape
Key players operating in 5G Technology market are adopting various organic and inorganic growth strategies such as expansion, strategic alliances, joint ventures, collaborations, new product launches etc. to enhance their business operations and geographical footprints.
Key Players Operated in Market Include:
- Airspan Networks Inc.
- AT&T Inc.
- Cisco Systems Inc.
- Bharti Airtel
- Reliance Jio
- Comba Telecom Systems Holdings Limited
- Hewlett Packard Enterprise Company
- Huawei Technologies Co. Ltd.
- Mavenir Systems Inc.
- Deutsche Telekom AG
- Ericsson
- Huawei Technology
- Nokia
- Orange S.A.
- Qualcomm Inc.
- Telecom Italia
- Verizon
- SK Telecom
- KT
- LG
- Telstra
- T-Mobile
- Intel Corporation
- Others
Recent Development in 5G Technology Market
- Verizon has recently undergone a major multi-year transformation of its network architecture to provide customers with more capabilities and upgrade the technology in the network. Through this multi-layer transformation, Verizon will introduce 5G Services to more than 230 Mn people and accelerateC-band spectrum deployment and strategically use premium mmWave spectrum to serve customers in high 5G usage areas.
- In July 2023, Reliance Jio completed minimum-roll out obligation of 5G services in all 22 telecom circles of India. The company has used a combination of various spectrum bands to provide 5G services to everyone.
The 5G Technology Market is segmented as follows:
By Component
- Hardware
- Software
- Services
By Communication Type
- Enhanced Mobile Broadband
- Massive Internet of Things
- Mission Critical Services
By Technology
- Radio Access Technologies (RAT)
- Wi-Fi
- High-Speed Package Access (HSPA)
- Global System for Mobile (GSM)
- Worldwide Interoperability for microwave access (WiMAX)
By Application
- IT & Telecom
- Consumer Electronics
- Industrial Automation
- Automotive
- Aerospace & Defense
- Healthcare
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global 5G Technology Market, (2024 – 2033) (USD Billion)
- 2.2 Global 5G Technology Market: snapshot
- Chapter 3. Global 5G Technology Market – Industry Analysis
- 3.1 5G Technology Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Low Latency
- 3.2.2 Industry 4.0 and Smart Manufacturing
- 3.2.3 Enhanced Data Speed and Bandwidth
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Component
- 3.7.2 Market Attractiveness Analysis By Communication Type
- 3.7.3 Market Attractiveness Analysis By Technology
- 3.7.4 Market Attractiveness Analysis By Application
- Chapter 4. Global 5G Technology Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global 5G Technology Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global 5G Technology Market – Component Analysis
- 5.1 Global 5G Technology Market Overview: By Component
- 5.1.1 Global 5G Technology Market Share, By Component, 2022 and – 2033
- 5.2 Hardware
- 5.2.1 Global 5G Technology Market by Hardware, 2024 – 2033 (USD Billion)
- 5.3 Software
- 5.3.1 Global 5G Technology Market by Software, 2024 – 2033 (USD Billion)
- 5.4 Services
- 5.4.1 Global 5G Technology Market by Services, 2024 – 2033 (USD Billion)
- 5.1 Global 5G Technology Market Overview: By Component
- Chapter 6. Global 5G Technology Market – Communication Type Analysis
- 6.1 Global 5G Technology Market Overview: By Communication Type
- 6.1.1 Global 5G Technology Market Share, By Communication Type, 2022 and – 2033
- 6.2 Enhanced Mobile Broadband
- 6.2.1 Global 5G Technology Market by Enhanced Mobile Broadband, 2024 – 2033 (USD Billion)
- 6.3 Massive Internet of Things
- 6.3.1 Global 5G Technology Market by Massive Internet of Things, 2024 – 2033 (USD Billion)
- 6.4 Mission Critical Services
- 6.4.1 Global 5G Technology Market by Mission Critical Services, 2024 – 2033 (USD Billion)
- 6.1 Global 5G Technology Market Overview: By Communication Type
- Chapter 7. Global 5G Technology Market – Technology Analysis
- 7.1 Global 5G Technology Market Overview: By Technology
- 7.1.1 Global 5G Technology Market Share, By Technology, 2022 and – 2033
- 7.2 Radio Access Technologies (RAT)
- 7.2.1 Global 5G Technology Market by Radio Access Technologies (RAT), 2024 – 2033 (USD Billion)
- 7.3 Wi-Fi
- 7.3.1 Global 5G Technology Market by Wi-Fi, 2024 – 2033 (USD Billion)
- 7.4 High-Speed Package Access (HSPA)
- 7.4.1 Global 5G Technology Market by High-Speed Package Access (HSPA), 2024 – 2033 (USD Billion)
- 7.5 Global System for Mobile (GSM)
- 7.5.1 Global 5G Technology Market by Global System for Mobile (GSM), 2024 – 2033 (USD Billion)
- 7.6 Worldwide Interoperability for Microwave Access (WiMAX)
- 7.6.1 Global 5G Technology Market by Worldwide Interoperability for Microwave Access (WiMAX), 2024 – 2033 (USD Billion)
- 7.1 Global 5G Technology Market Overview: By Technology
- Chapter 8. Global 5G Technology Market – Application Analysis
- 8.1 Global 5G Technology Market Overview: By Application
- 8.1.1 Global 5G Technology Market Share, By Application, 2022 and – 2033
- 8.2 IT & Telecom
- 8.2.1 Global 5G Technology Market by IT & Telecom, 2024 – 2033 (USD Billion)
- 8.3 Consumer Electronics
- 8.3.1 Global 5G Technology Market by Consumer Electronics, 2024 – 2033 (USD Billion)
- 8.4 Industrial Automation
- 8.4.1 Global 5G Technology Market by Industrial Automation, 2024 – 2033 (USD Billion)
- 8.5 Automotive
- 8.5.1 Global 5G Technology Market by Automotive, 2024 – 2033 (USD Billion)
- 8.6 Aerospace & Defense
- 8.6.1 Global 5G Technology Market by Aerospace & Defense, 2024 – 2033 (USD Billion)
- 8.7 Healthcare
- 8.7.1 Global 5G Technology Market by Healthcare, 2024 – 2033 (USD Billion)
- 8.8 Others
- 8.8.1 Global 5G Technology Market by Others, 2024 – 2033 (USD Billion)
- 8.1 Global 5G Technology Market Overview: By Application
- Chapter 9. 5G Technology’s Market – Regional Analysis
- 9.1 Global 5G Technology’s Market Regional Overview
- 9.2 Global 5G Technology’s Market Share, by Region, 2022 & – 2033 (USD Billion)
- 9.3. North America
- 9.3.1 North America 5G Technology’s Market, 2024 – 2033 (USD Billion)
- 9.3.1.1 North America 5G Technology’s Market, by Country, 2024 – 2033 (USD Billion)
- 9.3.1 North America 5G Technology’s Market, 2024 – 2033 (USD Billion)
- 9.4 North America 5G Technology’s Market, by Component, 2024 – 2033
- 9.4.1 North America 5G Technology’s Market, by Component, 2024 – 2033 (USD Billion)
- 9.5 North America 5G Technology’s Market, by Communication Type, 2024 – 2033
- 9.5.1 North America 5G Technology’s Market, by Communication Type, 2024 – 2033 (USD Billion)
- 9.6 North America 5G Technology’s Market, by Technology’s, 2024 – 2033
- 9.6.1 North America 5G Technology’s Market, by Technology’s, 2024 – 2033 (USD Billion)
- 9.7 North America 5G Technology’s Market, by Application, 2024 – 2033
- 9.7.1 North America 5G Technology’s Market, by Application, 2024 – 2033 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe 5G Technology’s Market, 2024 – 2033 (USD Billion)
- 9.8.1.1 Europe 5G Technology’s Market, by Country, 2024 – 2033 (USD Billion)
- 9.8.1 Europe 5G Technology’s Market, 2024 – 2033 (USD Billion)
- 9.9 Europe 5G Technology’s Market, by Component, 2024 – 2033
- 9.9.1 Europe 5G Technology’s Market, by Component, 2024 – 2033 (USD Billion)
- 9.10 Europe 5G Technology’s Market, by Communication Type, 2024 – 2033
- 9.10.1 Europe 5G Technology’s Market, by Communication Type, 2024 – 2033 (USD Billion)
- 9.11 Europe 5G Technology’s Market, by Technology’s, 2024 – 2033
- 9.11.1 Europe 5G Technology’s Market, by Technology’s, 2024 – 2033 (USD Billion)
- 9.12 Europe 5G Technology’s Market, by Application, 2024 – 2033
- 9.12.1 Europe 5G Technology’s Market, by Application, 2024 – 2033 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific 5G Technology’s Market, 2024 – 2033 (USD Billion)
- 9.13.1.1 Asia Pacific 5G Technology’s Market, by Country, 2024 – 2033 (USD Billion)
- 9.13.1 Asia Pacific 5G Technology’s Market, 2024 – 2033 (USD Billion)
- 9.14 Asia Pacific 5G Technology’s Market, by Component, 2024 – 2033
- 9.14.1 Asia Pacific 5G Technology’s Market, by Component, 2024 – 2033 (USD Billion)
- 9.15 Asia Pacific 5G Technology’s Market, by Communication Type, 2024 – 2033
- 9.15.1 Asia Pacific 5G Technology’s Market, by Communication Type, 2024 – 2033 (USD Billion)
- 9.16 Asia Pacific 5G Technology’s Market, by Technology’s, 2024 – 2033
- 9.16.1 Asia Pacific 5G Technology’s Market, by Technology’s, 2024 – 2033 (USD Billion)
- 9.17 Asia Pacific 5G Technology’s Market, by Application, 2024 – 2033
- 9.17.1 Asia Pacific 5G Technology’s Market, by Application, 2024 – 2033 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America 5G Technology’s Market, 2024 – 2033 (USD Billion)
- 9.18.1.1 Latin America 5G Technology’s Market, by Country, 2024 – 2033 (USD Billion)
- 9.18.1 Latin America 5G Technology’s Market, 2024 – 2033 (USD Billion)
- 9.19 Latin America 5G Technology’s Market, by Component, 2024 – 2033
- 9.19.1 Latin America 5G Technology’s Market, by Component, 2024 – 2033 (USD Billion)
- 9.20 Latin America 5G Technology’s Market, by Communication Type, 2024 – 2033
- 9.20.1 Latin America 5G Technology’s Market, by Communication Type, 2024 – 2033 (USD Billion)
- 9.21 Latin America 5G Technology’s Market, by Technology’s, 2024 – 2033
- 9.21.1 Latin America 5G Technology’s Market, by Technology’s, 2024 – 2033 (USD Billion)
- 9.22 Latin America 5G Technology’s Market, by Application, 2024 – 2033
- 9.22.1 Latin America 5G Technology’s Market, by Application, 2024 – 2033 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa 5G Technology’s Market, 2024 – 2033 (USD Billion)
- 9.23.1.1 The Middle-East and Africa 5G Technology’s Market, by Country, 2024 – 2033 (USD Billion)
- 9.23.1 The Middle-East and Africa 5G Technology’s Market, 2024 – 2033 (USD Billion)
- 9.24 The Middle-East and Africa 5G Technology’s Market, by Component, 2024 – 2033
- 9.24.1 The Middle-East and Africa 5G Technology’s Market, by Component, 2024 – 2033 (USD Billion)
- 9.25 The Middle-East and Africa 5G Technology’s Market, by Communication Type, 2024 – 2033
- 9.25.1 The Middle-East and Africa 5G Technology’s Market, by Communication Type, 2024 – 2033 (USD Billion)
- 9.26 The Middle-East and Africa 5G Technology’s Market, by Technology’s, 2024 – 2033
- 9.26.1 The Middle-East and Africa 5G Technology’s Market, by Technology’s, 2024 – 2033 (USD Billion)
- 9.27 The Middle-East and Africa 5G Technology’s Market, by Application, 2024 – 2033
- 9.27.1 The Middle-East and Africa 5G Technology’s Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Airspan Networks Inc.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 AT&T Inc.
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Cisco Systems Inc.
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Bharti Airtel
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Reliance Jio
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Comba Telecom Systems Holdings Limited
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Hewlett Packard Enterprise Company
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Huawei Technologies Co. Ltd.
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Mavenir Systems Inc.
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Deutsche Telekom AG
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Ericsson
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Huawei Technology
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Nokia
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Orange S.A.
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Qualcomm Inc.
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Telecom Italia
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.17 Verizon
- 10.17.1 Overview
- 10.17.2 Financials
- 10.17.3 Product Portfolio
- 10.17.4 Business Strategy
- 10.17.5 Recent Developments
- 10.18 SK Telecom
- 10.18.1 Overview
- 10.18.2 Financials
- 10.18.3 Product Portfolio
- 10.18.4 Business Strategy
- 10.18.5 Recent Developments
- 10.19 KT
- 10.19.1 Overview
- 10.19.2 Financials
- 10.19.3 Product Portfolio
- 10.19.4 Business Strategy
- 10.19.5 Recent Developments
- 10.20 LG
- 10.20.1 Overview
- 10.20.2 Financials
- 10.20.3 Product Portfolio
- 10.20.4 Business Strategy
- 10.20.5 Recent Developments
- 10.21 Telstra
- 10.21.1 Overview
- 10.21.2 Financials
- 10.21.3 Product Portfolio
- 10.21.4 Business Strategy
- 10.21.5 Recent Developments
- 10.22 T-Mobile
- 10.22.1 Overview
- 10.22.2 Financials
- 10.22.3 Product Portfolio
- 10.22.4 Business Strategy
- 10.22.5 Recent Developments
- 10.23 Intel Corporation
- 10.23.1 Overview
- 10.23.2 Financials
- 10.23.3 Product Portfolio
- 10.23.4 Business Strategy
- 10.23.5 Recent Developments
- 10.24 Others.
- 10.24.1 Overview
- 10.24.2 Financials
- 10.24.3 Product Portfolio
- 10.24.4 Business Strategy
- 10.24.5 Recent Developments
- 10.1 Airspan Networks Inc.
List Of Figures
Figures No 1 to 36
List Of Tables
Tables No 1 to 1o2
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
Prominent Player
- Airspan Networks Inc.
- AT&T Inc.
- Cisco Systems Inc.
- Bharti Airtel
- Reliance Jio
- Comba Telecom Systems Holdings Limited
- Hewlett Packard Enterprise Company
- Huawei Technologies Co. Ltd.
- Mavenir Systems Inc.
- Deutsche Telekom AG
- Ericsson
- Huawei Technology
- Nokia
- Orange S.A.
- Qualcomm Inc.
- Telecom Italia
- Verizon
- SK Telecom
- KT
- LG
- Telstra
- T-Mobile
- Intel Corporation
- Others
FAQs
The Price Sensitivity and Intense Competition is major restraint in global 5G Technology market.
The Increasing Demand for High-Speed Data Transmission is major driver in global 5G Technology market.
The “Enhanced Mobile Broadband” category dominated the market in 2022.
The key players in the market are Airspan Networks Inc., AT&T Inc., Cisco Systems Inc., Bharti Airtel, Reliance Jio, Comba Telecom Systems Holdings Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., Mavenir Systems Inc., Deutsche Telekom AG, Ericsson, Huawei Technology, Nokia, Orange S.A., Qualcomm Inc., Telecom Italia, Verizon, SK Telecom, KT, LG, Telstra, T-Mobile, Intel Corporation, Others.
“Asia Pacific” had the largest share in the 5G Technology Market.
The global market is projected to grow at a CAGR of 65.4% during the forecast period, 2023-2032.
The 5G Technology Market size was valued at USD 113.99 Billion in 2023.