The fifth generation of wireless technologies, known as 5G, aims to improve the speed, latency, and flexibility of wireless services.
The global The 5G Base Station market size is expected to reach close to USD 194.26 Billion by 2029 with an annualized growth rate of 37.3% through the projected period.
Covid-19 Impact on 5G Base Station market:
Covid-19 pandemic broke out in 2019. Ever since WHO declared 'Pandemic,' it has caused disruptions in almost all markets. This Covid-19 pandemic caused supply chain disruptions, remote working, and lockdowns. The COVID-19 pandemic spread to almost every country in the world. This pandemic disrupted nearly every industry. Some industries have faced downfall, and some industries have experienced positive effects due to this pandemic.
Increased dependence on digital technologies has been boosted by social alienation and lockdown measures, raising demand for the telecommunications business. With Billions of people working from isolation, demand for fast and reliable data connections is rising. This increased demand for the 5G market, which boosted demand for the 5G base station market. Covid-19 pandemic dented the economy due to which expenditure budgets were lowered, which hampered the market growth.
MIMO segment is estimated to be the highest revenue generator during the forecasted period
The MIMO sub-segment is estimated to be the highest revenue generator during the forecasted period. The small cells sub-segment is estimated to be the fastest-growing sector during the forecasted period owing to easy installation, cost-effectiveness, enhanced capacity, and performance.
NFV (Network function virtualization) segment is the highest revenue-generating segment
Network function virtualization (NFV) sub-segment is the highest revenue-generating sub-segment. Because of its cost-effective and energy-saving solutions, network function virtualization (NFV) plays a critical role in 5G infrastructure.
The Fixed base segment is estimated to be the highest revenue-generating during the forecasted period.
The Fixed base segment is predicted to be the highest revenue-generating over the forecasted period.
In 2019, the 25 GHz sector has the most market share
>25 GZ claimed the highest revenues in the historic years. The trend is expected to stat strong in the forthcoming years. This sub-segment is followed by the 8GHz – 25GHz segment.
The telecommunication segment leads the 5G base station market
The 5G base station market is divided into Telecommunication companies, Cloud & data center, Memory & storage, and Security companies by end-use. The telecommunication sub-segment leads the 5G base station market among these sub-segments. The increased use of virtual networking architecture across the telecommunications sector, as well as the developing 5G base station applications, are driving the expansion of the sub-segment.
The North America region is the leading revenue contributor to the global 5G base station
North America is the largest revenue contributor to global 5G base station infrastructures in terms of network design/deployment, 5G technology research and development, and important market participants. North America is noted for its rapid adoption of modern technologies such as wearable technology, the Internet of Things (IoT), and self-driving/connected automobiles. The fastest-growing area is expected to be Asia Pacific. The quick adoption of 5G technology, economic changes, the rising telecom industry, and investments from government-affiliated enterprises are all contributing to this increase. It has a well-defined industrial policy, significant development across OTT platforms, an expanding cellular subscriber base, increased smartphone usage, and digital innovation.
The next generation of wireless standard technology, known as 5G, offers a potential peak speed of 20 gigabytes per second, compared to 1 gigabit per second for 4G.
5G takes connectivity to a new level by delivering cloud-connected experiences to clients. 5G network infrastructure is software dependent and virual, thus are fully cloud-dependent. Satellite communications, smartphones, and Wi-Fi networks all use the same radio frequencies as 5G.
The global 5G base station market is estimated to reach USD 190.78 billion by 2028 from USD 8.16 in 2018 at a CAGR of 37.3% from 2018 to 2028. As there is a continuing demand for efficient technologies, spectrum use, and high data rates, the research is expected to rise eightfold by the end of 2028. Consumers will want better bandwidth, larger capacity, security, and reduced latency with the arrival of virtual and augmented reality, as well as 4k/8k video streaming. Because 5G has all of these capabilities, it will open up new possibilities for businesses, people, and society. This will eventually propel the global 5G base station market forward. The market for 5G base stations is being driven by rising demand for high-speed data with minimal latency and a growing trend of employing networked devices.
The high cost associated with the 5G base station market is one of the restraining factors for this market's growth. Even current worries about the frequency range of the 5G wireless spectrum might limit the market's development. A rise in the number of government rules connected to network radiation, in addition to these considerations, is limiting the expansion of the 5G base station industry.
The 5G base station market has many players. Key market players that formulate the competitive landscape of the 5G base station market include SAMSUNG (South Korea), ZTE Corporation (China), Huawei Technologies Co., Ceragon (US), Ltd. (China), CommScope Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Intel Corporation (US), Qualcomm Technologies Inc. (US), Nokia (Finland), Qorvo, Inc (US), NEC Corporation (Japan), Marvell (China), Cisco Systems, Inc. (US), Airspan Networks (US), and Microsemi (US).
Recent Innovations in the Global 5G Base Station Market:
• In March 2021, Facebook, the world's most popular social media and technology platform, collaborated with Marvell, a semiconductor company located in California. This partnership was intended to develop an open radio access network (ORAN) that enables the connectivity of many users at a minimized cost.
• In March 2021, Telefonaktiebolaget will celebrate its 50th anniversary. LM Ericsson announced cooperation with FET (Far EasTone Telecom), a Taiwanese CSP, to deliver Non-Standalone dual-mode 5G core and VoLTE (Voice over LTE) services, as well as 5G Standalone.
• In March 2021, Sterlite Technologies Limited, a fixed-line equipment maker, said that it has won contracts worth USD 100 billion for the building of 5G wireless network infrastructures in West Asia and African countries.
5G Base Station Market (VPP) Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 190.78 billion|
|Growth Rate||CAGR of 37.3% during 2021-2028|
|Segment Covered||Component, Core Network Technology, Type, Frequency Band, End-Use, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||SAMSUNG (South Korea), ZTE Corporation (China), Huawei Technologies Co., Ceragon (US), Ltd. (China), CommScope Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Intel Corporation (US), Qualcomm Technologies Inc. (US), Nokia (Finland), Qorvo, Inc (US), NEC Corporation (Japan), Marvell (China), Cisco Systems, Inc. (US), Airspan Networks (US), and Microsemi (US).|
Key segments of the 5G Base Station market:
Component Overview, 2018-2028 (USD Billion)
- Remote radio unit (RRU)
- Small cells
- Fiber optic cables
- Baseband processing unit (BPU)
Core Network Technology Overview, 2018-2028 (USD Billion)
- Network function virtualization (NFV)
- Software-defined network (SDN)
Type Overview, 2018-2028 (USD Billion)
Frequency Band Overview, 2018-2028 (USD Billion)
- Less than 2.5 GHz
- 2.5 – 8 GHz
- 8 – 25 GHz
- More than 25 GHz
End-Use Overview, 2018-2028 (USD Billion)
- Cloud & data center
- Telecommunication companies
- Security companies
- Memory & storage
Geography Overview, 2018-2028 (USD Billion)
· Rest of Europe
· Rest of Asia Pacific
· Rest of South America