The report "5G Infrastructure Market by Communication Infrastructure (Small Cell, RAN, Macro Cell), Network Technology (SDN, NFV, MEC, FC), Chipset Type (ASIC, RFIC), Application (Automotive, Consumer Electronics, Retail), and Geography - Global Forecast to 2027" The 5G infrastructure market is estimated to be valued at USD 2.86 billion in 2020 and it is further projected to reach USD 41.87 billion by 2027, at a CAGR of 46.7% between 2020 and 2027. The major factors driving the growth of the 5G infrastructure market include increasing demand for mobile data services, rising importance of software implementation in communication network, growth of machine-to-machine (M2M) communication in industries, and growing demand for high speed and large network coverage.
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In terms of application, the market for industrial automation is expected to grow at the highest rate between 2020 and 2026. This growth is attributed to the growing demand for process automation in various industries such as manufacturing and process industries. To carry out various processes effectively in these industries, the flow of data and information at right time and place is crucial. With the implementation of 5G network, a strong data network, in terms of high speed with the minimal delay, can be easily achieved.
The growth of the 5G infrastructure market in North America is likely to be propelled by the growing demand for 5G-enabled consumer electronic devices such as smartphones, AR and VR devices, and tablets. Faster connectivity is the most critical requirement for these devices. In North America, the industry segment adopted the high-level automation with the implementation of advanced technologies such as machine-to-machine communication (M2M), Internet of Things (IoT), and robotics. For these technologies, high-speed data transfer rate is required to carry out the assigned tasks. In such cases, 5G-enabled data network will serve the purpose. However, companies face major technological design challenges such as power dissipation in massive multiple input and multiple output (MIMO) and inter-cell interference.
The major vendors in the 5G infrastructure market include Qualcomm (US), Intel (US), Ericsson (Sweden), Samsung (South Korea) NEC (Japan), Qorvo (US), AT&T (US), Huawei (China), MediaTek (Taiwan), Cisco (US), Cavium (US), and MACOM Technology Solutions (US).
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