5G Technology Market

Market Highlights
Market Research Future (MRFR) in its latest study finds that the global 5G technology market will
increase at a CAGR of 70.83% between 2020 and 2025. Going by the projection, the market is likely
to reach a valuation of USD 729.97 Bn. 5G technology is anticipated to replace existing wireless
technologies in the forthcoming years.
The technology’s robust attributes meet the dynamic needs of the constantly evolving wireless
communication landscape. In recent years, there has been significant developments in cellular
technology owing to the increasing demand for ultra-fast data speeds with low latency rates. The
emergence of the fifth-generation network technology has allowed integration of technologies such
as augmented and virtual reality for 3D and ultra-high definition videos and haptic feedback
applications. Such developments necessitate high-speed connectivity, which creates market
opportunities for 5G technology. Moreover, the growing demand for mobile broadband services
and the growing application of IoT across industry verticals is also expected to have a positive
impact on the market.
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Major Key players

• Telefonaktiebolaget LM Ericsson
• Verizon
• Huawei Technologies Co. Ltd.
• Qualcomm Technologies Inc.
• Samsung
• MediaTek Inc.
• China Mobile Limited.
• Cisco Systems, Inc.
• AT&T Inc.
• NTT DOCOMO, Inc.
• Nokia.
Segmentation:
MRFR’s study includes a thorough segmental analysis of the market based on communication
infrastructure, service, network technology, chipset type, application, and region. By
communication infrastructure, the market has been segmented into small cell, macro cell, and radio
access network (RAN) and distributed antenna system (DAS). The small cell segment is expected to
remain highly attractive during the assessment period. By 2025-end, the segment is expected to
reach a market valuation of USD 4.45 Bn, reflecting a healthy growth rate. By services, the market
has been bifurcated into professional services and managed services. Among these, the professional
services segment accounts for a larger market share in terms of value.
By network technology, the market has been segmented into software-defined networking (SDN),
network function virtualization (NFV), mobile edge computing (MEC) and fog computing (FC). By
chipset type, the market has been segmented into application-specific integrated circuit (ASIC),
radio frequency integrated circuit (FRIC), millimeter wave technology chips and field
programmable gate array (FPGA). The ASIC segment is expected to retain its dominant position
over 2025. By application, the market has been segmented into automotive, energy and utilities,
healthcare, retail, industrial automation, consumer electronics and others. The consumer
electronics segment accounts for the largest market share. By 2020, the segment is expected to
reach a valuation of USD 2.30 Bn and likely to increase at a triple-digit CAGR of 119.80% during the
review period.
Regional Analysis:
Based on region, the 5G technology market has been segmented into Europe, Asia Pacific (APAC),
North America and Rest of the World (RoW). North America is expected to remain the most
attractive market for 5G technology during the assessment period. The U.S., Canada and Mexico are
likely to present lucrative opportunities to market players. The U.S. leads the pecking order. In
addition, the 5G market in the U.S. is expected to post a CAGR of 72% during the assessment period.
For years, the U.S. has been at the forefront of telecommunication technology and the trend is likely
to continue at least for the medium term if not beyond. 5G enabled consumer electronics are
witnessing a strong demand across country, which indicates towards tremendous market prospects
for the technology in the future. Asia Pacific is also viewed as an important market for 5G
technology. 3G market in APAC is projected to increase at 74.60% during the assessment period.
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market-2988

List of Tables
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 GLOBAL 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE, 2020-
2025 (USD BILLION)
TABLE 4 GLOBAL 5G TECHNOLOGY MARKET, BY SERVICE, 2020-2025 (USD BILLION)
TABLE 5 GLOBAL 5G TECHNOLOGY MARKET, BY NETWORK TECHNOLOGY, 2020-2025 (USD
BILLION)
TABLE 6 GLOBAL 5G TECHNOLOGY MARKET, BY CHIPSET TYPE, 2020-2025 (USD BILLION)
TABLE 7 GLOBAL 5G TECHNOLOGY MARKET, BY APPLICATION, 2020-2025 (USD BILLION)
TABLE 8 GLOBAL 5G TECHNOLOGY MARKET, BY REGION, 2020-2025 (USD BILLION)
TABLE 9 NORTH AMERICA: 5G TECHNOLOGY MARKET, BY COUNTRY, 2020-2025 (USD BILLION)
TABLE 10 NORTH AMERICA: 5G TECHNOLOGY MARKET, BY COMMUNICATION INFRASTRUCTURE,
2020-2025 (USD BILLION)
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