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    5G Technology Market

    ID: 2202
    100 Pages
    Research Team
    01/2019

    5G Technology Market Research Report Information By Component (Hardware, Software, and Services), By Technology (Enhanced Mobile Broadband [eMBB], Ultra-Reliable Low Latency Communication [URLLC], and Massive Machine Type Communication [mMTC]), By Spectrum (5G NR Sub-6GHz and 5G NR mmWave), By Application (Consumer and Enterprises), and By Region (North America, Europe, Asia-Pacific, Middle Eas...

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    Market Summary

    Research Methodology on the 5G Technology Market


    Introduction:


    This research methodology is designed to collect information related to the “5G Technology Market” published by Market Research Future (MRFR). The objective of the report is to analyze the market structure and the current industry dynamics of the 5G Technology Market. The research methodology comprises various components, such as primary and secondary research with the help of analytical tools, surveys and interviews.


    Objective of the Study:


    The primary objective of this research is to identify the global 5G Technology market size, market opportunities and trends in the 5G Technology Market for the forecast period of 2023-2030.


    Research Design:


    The research methodology comprises quantitative and qualitative research approaches. A combination of both primary and secondary research methods is used to identify the market size, market trends, and the major components of the 5G technology market. The primary research includes surveys, interviews, and experts’ opinions from both the public and private sectors. The secondary research consists of company profiles and financials, reviews and analysis of market data from sources such as government databases, white papers, industry associations, and statistics.


    Data Collection:


    Primary data is collected through a survey conducted with the target audience. The survey is conducted with the help of online and offline methods. The online method includes emails, social media, online forums, online surveys, and online news portals. The offline method includes telephone surveys, face-to-face interviews, and interviews with industry experts. The survey also helps in collecting information related to the market structure, market trends, and the major components of the 5G Technology Market.


    Secondary data is collected from various sources such as websites, white papers, journals, analyst reports, published reports, and market research reports. All the information collected from the primary and secondary sources is analysed and put together to form the final research report.


    Sample Size:


    The sample size for this report consists of 1000 respondents from different industries, who are using or planning to use the 5G technology.


    Data Analysis:


    The survey data collected from the respondents is analysed using descriptive and inferential statistics. Descriptive statistics are used to analyse the general market dynamics, while inferential statistics are used to project the market size and trends. The data analysis is conducted with the help of an excel sheet.


    Conclusion:


    The research methodology proposed in this report is designed to provide the best and most accurate market data for the 5G Technology Market. The primary and secondary research methods used in this report will help in achieving the objectives of the report and provide in-depth information about the market structure and trends in the 5G Technology Market.

    Market Size & Forecast

    Attribute/Metric Details
    Market Size 2023 USD 171.7 billion
    Market Size 2024 USD 243.2 billion
    Market Size 2032 USD 3640.0 billion
    Compound Annual Growth Rate (CAGR) 40.2% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018-2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Technology, Spectrum, Application and Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil
    Key Companies Profiled AT&T, Inc., BT Group plc, China Mobile Ltd., China Telecom Corporation Ltd., Bharti Airtel Ltd., NTT Docomo, KT Corp., Saudi Telecom Company, Vodafone Group, Deutsche Telekom AG, SK Telecom Co., Ltd., Verizon Communications, Inc., T-Mobile USA, Inc., Rakuten Mobile Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Qualcomm Technologies Inc., Cisco Systems Inc., MediaTek Inc., and Samsung Electronics Co. Ltd.
    Key Market Opportunities Increasing demand for connected cars and machine-to-machine communication Growing benefits of 5G for businesses
    Key Market Dynamics Rising demand for mobile broadband services Growing application of IOT

    Major Players

    5G Technology Market Segmentation

    • 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

      • Hardware

      • Software

      • Services

    • 5G Technology Market, By Technology (USD Million, 2018-2030)

      • Enhanced Mobile Broadband [eMBB]

      • Ultra-Reliable Low Latency Communication [URLLC]

      • Massive Machine Type Communication [mMTC])

    • 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

      • 5G NR Sub-6GHz

      • 5G NR mmWave

    • 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

      • Consumer

      • Enterprises

     

    5G Technology Market Regional Outlook (USD Million, 2018-2030)

    • North America Outlook (USD Million, 2018-2030)

    • North America 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

      • Hardware

      • Software

      • Services

    • North America 5G Technology Market, By Technology (USD Million, 2018-2030)

      • Enhanced Mobile Broadband [eMBB]

      • Ultra-Reliable Low Latency Communication [URLLC]

      • Massive Machine Type Communication [mMTC])

    • North America 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

      • 5G NR Sub-6GHz

      • 5G NR mmWave

    • North America 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

      • Consumer

      • Enterprises

     

     

      • US Outlook (USD Million, 2018-2030)

      • US 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • US 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • US 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • US 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

      • Canada Outlook (USD Million, 2018-2030)

      • Canada 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • Canada 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • Canada 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • Canada 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

      • Mexico Outlook (USD Million, 2018-2030)

      • Mexico 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • Mexico 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • Mexico 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • Mexico 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

     

    • Europe Outlook (USD Million, 2018-2030)

    • Europe 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

      • Hardware

      • Software

      • Services

    • Europe 5G Technology Market, By Technology (USD Million, 2018-2030)

      • Enhanced Mobile Broadband [eMBB]

      • Ultra-Reliable Low Latency Communication [URLLC]

      • Massive Machine Type Communication [mMTC])

    • Europe 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

      • 5G NR Sub-6GHz

      • 5G NR mmWave

    • Europe 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

      • Consumer

      • Enterprises

     

      • Germany Outlook (USD Million, 2018-2030)

      • Germany 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • Germany 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • Germany 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • Germany 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

     

      • France Outlook (USD Million, 2018-2030)

      • France 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • France 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • France 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • France 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

     

      • UK Outlook (USD Million, 2018-2030)

      • UK 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • UK 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • UK 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • UK 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

     

      • Rest of Europe Outlook (USD Million, 2018-2030)

      • Rest of Europe 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • Rest of Europe 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • Rest of Europe 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • Rest of Europe 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

     

    • Asia-Pacific Outlook (USD Million, 2018-2030)

    • Asia-Pacific 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

      • Hardware

      • Software

      • Services

    • Asia-Pacific 5G Technology Market, By Technology (USD Million, 2018-2030)

      • Enhanced Mobile Broadband [eMBB]

      • Ultra-Reliable Low Latency Communication [URLLC]

      • Massive Machine Type Communication [mMTC])

    • Asia-Pacific 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

      • 5G NR Sub-6GHz

      • 5G NR mmWave

    • Asia-Pacific 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

      • Consumer

      • Enterprises

     

      • China Outlook (USD Million, 2018-2030)

      • China 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • China 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • China 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • China 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

     

      • India Outlook (USD Million, 2018-2030)

      • India 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • India 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • India Intelligence (AI), By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • India 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

     

      • Japan Outlook (USD Million, 2018-2030)

      • Japan 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • Japan 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • Japan 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • Japan 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

     

      • Rest of Asia-Pacific Outlook (USD Million, 2018-2030)

      • Rest of Asia-Pacific 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • Rest of Asia-Pacific 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • Rest of Asia-Pacific 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • Rest of Asia-Pacific 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

     

    • Rest of the World Outlook (USD Million, 2018-2030)

    • Rest of the World 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

      • Hardware

      • Software

      • Services

    • Rest of the World 5G Technology Market, By Technology (USD Million, 2018-2030)

      • Enhanced Mobile Broadband [eMBB]

      • Ultra-Reliable Low Latency Communication [URLLC]

      • Massive Machine Type Communication [mMTC])

    • Rest of the World 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

      • 5G NR Sub-6GHz

      • 5G NR mmWave

    • Rest of the World 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

      • Consumer

      • Enterprises

     

      • Middle East & Africa Outlook (USD Million, 2018-2030)

      • Middle East & Africa 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • Middle East & Africa 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • Middle East & Africa 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • Middle East & Africa 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

     

      • South America Outlook (USD Million, 2018-2030)

      • South America 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware

        • Software

        • Services

      • South America 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]

        • Ultra-Reliable Low Latency Communication [URLLC]

        • Massive Machine Type Communication [mMTC])

      • South America 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz

        • 5G NR mmWave

      • South America 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer

        • Enterprises

    Market Trends

    5G Technology Market Overview

    5G Technology Market Size was valued at USD 171.7 billion in 2023. The 5G Technology market industry is projected to grow from USD 243.2 billion in 2024 to USD 3640.0 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 40.2% during the forecast period (2024 - 2032). Rising demand for mobile broadband services and the growing application of IoT are the major drivers of the market.

    FIGURE 1: 5G TECHNOLOGY MARKET 2024-2032

    5G Technology Market Overview1

    Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Covid-19 Analysis

    COVID-19 has undeniably influenced the 5G rollout. While governments battle the pandemic and its escalating repercussions, the euphoria surrounding 5G has been muted by a trade war with China over claims of unfair trade practices and data espionage, resulting in limitations on several Chinese tech firms Huawei. Growing mobile data consumption has resulted in greater revenue for mobile network operators (MNOs) and internet service providers (ISPs). This advantage is distributed across the telecommunications distribution network. Lockdown and social distancing policies have led to a growing reliance on digital tools, which has increased the demand for telec...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about 5G Technology Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about 5G Technology Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 171.7 billion
    Market Size 2024 USD 243.2 billion
    Market Size 2032 USD 3640.0 billion
    Compound Annual Growth Rate (CAGR) 40.2% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018-2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Technology, Spectrum, Application and Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil
    Key Companies Profiled AT&T, Inc., BT Group plc, China Mobile Ltd., China Telecom Corporation Ltd., Bharti Airtel Ltd., NTT Docomo, KT Corp., Saudi Telecom Company, Vodafone Group, Deutsche Telekom AG, SK Telecom Co., Ltd., Verizon Communications, Inc., T-Mobile USA, Inc., Rakuten Mobile Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Qualcomm Technologies Inc., Cisco Systems Inc., MediaTek Inc., and Samsung Electronics Co. Ltd.
    Key Market Opportunities Increasing demand for connected cars and machine-to-machine communication Growing benefits of 5G for businesses
    Key Market Dynamics Rising demand for mobile broadband services Growing application of IOT

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    Latest Comments

    John Doe
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    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM
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    FAQs

    What is the compound annual growth rate of the 5G technology market for the forecast period 2020 to 2025?

    The compound annual growth rate of the 5G technology market is 70.83% for the fore the forecast period.

    The compound annual growth rate of the 5G technology market is 70.83% for the fore the forecast period

    The market for 5G technology is expected to be valued at around USD 700 Bn by 2025.

    Name a few key players of the 5G technology market.

    Few key players of the 5G technology market are Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Verizon, and Qualcomm Technologies Inc. among others.

    Few key players of the 5G technology market are Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., Verizon, and Qualcomm Technologies Inc. among others.

    The regional segments identified are as follows – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).

    Which region is expected to dominate the market for 5G network between 2020 and 2025?

    North America has been projected to have a dominant share of the 5G technology market between 2020 and 2025.

    1. NORTH AMERICA: 5G TECHNOLOGY MARKET, BY COUNTRY, 2020-2027 (USD BILLION) 57</span>
    2. NORTH AMERICA: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 59</span>
    3. CANADA: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-2027 (USD
    4. CANADA: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2027 (USD BILLION) 64</span>
    5. MEXICO: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2027 (USD BILLION) 67</span>
    6. EUROPE: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2027 (USD BILLION) 71</span>
    7. UK: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2027 (USD BILLION) 75</span>
    8. FRANCE: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2027 (USD BILLION) 78</span>
    9. CHINA: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2027 (USD BILLION) 86</span>
    10. JAPAN: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2027 (USD BILLION) 89</span>
    11. REST OF ASIA-PACIFIC: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE,
    12. REST OF ASIA-PACIFIC: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2027
    13. REST OF ASIA-PACIFIC: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2027 (USD BILLION)
    14. REST OF ASIA-PACIFIC: 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD BILLION)
    15. REST OF THE WORLD: 5G TECHNOLOGY MARKET, BY REGION, 2020-2027 (USD BILLION) 94</span>
    16. REST OF THE WORLD: 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2027 (USD BILLION)
    17. REST OF THE WORLD: 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2027 (USD
    18. REST OF THE WORLD: 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2027 (USD BILLION)
    19. REST OF THE WORLD: 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD BILLION)
    20. MIDDLE EAST &amp; AFRICA: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE,

    5G Technology Market Segmentation

    • 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

      • Hardware
      • Software
      • Services

    • 5G Technology Market, By Technology (USD Million, 2018-2030)

      • Enhanced Mobile Broadband [eMBB]
      • Ultra-Reliable Low Latency Communication [URLLC]
      • Massive Machine Type Communication [mMTC])

    • 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

      • 5G NR Sub-6GHz
      • 5G NR mmWave

    • 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

      • Consumer
      • Enterprises

     

    5G Technology Market Regional Outlook (USD Million, 2018-2030)

    • North America Outlook (USD Million, 2018-2030)

    • North America 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

      • Hardware
      • Software
      • Services

    • North America 5G Technology Market, By Technology (USD Million, 2018-2030)

      • Enhanced Mobile Broadband [eMBB]
      • Ultra-Reliable Low Latency Communication [URLLC]
      • Massive Machine Type Communication [mMTC])

    • North America 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

      • 5G NR Sub-6GHz
      • 5G NR mmWave

    • North America 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

      • Consumer
      • Enterprises

     

     

      • US Outlook (USD Million, 2018-2030)

      • US 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • US 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • US 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • US 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

      • Canada Outlook (USD Million, 2018-2030)

      • Canada 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • Canada 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • Canada 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • Canada 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

      • Mexico Outlook (USD Million, 2018-2030)

      • Mexico 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • Mexico 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • Mexico 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • Mexico 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

     

    • Europe Outlook (USD Million, 2018-2030)

    • Europe 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

      • Hardware
      • Software
      • Services

    • Europe 5G Technology Market, By Technology (USD Million, 2018-2030)

      • Enhanced Mobile Broadband [eMBB]
      • Ultra-Reliable Low Latency Communication [URLLC]
      • Massive Machine Type Communication [mMTC])

    • Europe 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

      • 5G NR Sub-6GHz
      • 5G NR mmWave

    • Europe 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

      • Consumer
      • Enterprises

     

      • Germany Outlook (USD Million, 2018-2030)

      • Germany 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • Germany 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • Germany 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • Germany 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

     

      • France Outlook (USD Million, 2018-2030)

      • France 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • France 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • France 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • France 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

     

      • UK Outlook (USD Million, 2018-2030)

      • UK 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • UK 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • UK 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • UK 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

     

      • Rest of Europe Outlook (USD Million, 2018-2030)

      • Rest of Europe 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • Rest of Europe 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • Rest of Europe 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • Rest of Europe 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

     

    • Asia-Pacific Outlook (USD Million, 2018-2030)

    • Asia-Pacific 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

      • Hardware
      • Software
      • Services

    • Asia-Pacific 5G Technology Market, By Technology (USD Million, 2018-2030)

      • Enhanced Mobile Broadband [eMBB]
      • Ultra-Reliable Low Latency Communication [URLLC]
      • Massive Machine Type Communication [mMTC])

    • Asia-Pacific 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

      • 5G NR Sub-6GHz
      • 5G NR mmWave

    • Asia-Pacific 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

      • Consumer
      • Enterprises

     

      • China Outlook (USD Million, 2018-2030)

      • China 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • China 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • China 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • China 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

     

      • India Outlook (USD Million, 2018-2030)

      • India 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • India 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • India Intelligence (AI), By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • India 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

     

      • Japan Outlook (USD Million, 2018-2030)

      • Japan 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • Japan 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • Japan 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • Japan 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

     

      • Rest of Asia-Pacific Outlook (USD Million, 2018-2030)

      • Rest of Asia-Pacific 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • Rest of Asia-Pacific 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • Rest of Asia-Pacific 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • Rest of Asia-Pacific 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

     

    • Rest of the World Outlook (USD Million, 2018-2030)

    • Rest of the World 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

      • Hardware
      • Software
      • Services

    • Rest of the World 5G Technology Market, By Technology (USD Million, 2018-2030)

      • Enhanced Mobile Broadband [eMBB]
      • Ultra-Reliable Low Latency Communication [URLLC]
      • Massive Machine Type Communication [mMTC])

    • Rest of the World 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

      • 5G NR Sub-6GHz
      • 5G NR mmWave

    • Rest of the World 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

      • Consumer
      • Enterprises

     

      • Middle East & Africa Outlook (USD Million, 2018-2030)

      • Middle East & Africa 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • Middle East & Africa 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • Middle East & Africa 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • Middle East & Africa 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises

     

      • South America Outlook (USD Million, 2018-2030)

      • South America 5G Technology Market, By Component Outlook (USD Million, 2018-2030)

        • Hardware
        • Software
        • Services

      • South America 5G Technology Market, By Technology (USD Million, 2018-2030)

        • Enhanced Mobile Broadband [eMBB]
        • Ultra-Reliable Low Latency Communication [URLLC]
        • Massive Machine Type Communication [mMTC])

      • South America 5G Technology Market, By Spectrum Outlook (USD Million, 2018-2030)

        • 5G NR Sub-6GHz
        • 5G NR mmWave

      • South America 5G Technology Market, By Application Outlook (USD Million, 2018-2030)

        • Consumer
        • Enterprises
    Infographic

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