The 5G infrastructure market is estimated to be esteemed at USD 2.86 Billion in 2020 and it is further expected to reach USD 33.72 Billion by 2026, at a CAGR of 50.9% between 2020 and 2026. The forecast period for this report is considered between 2020 and 2026. The major factors driving the growth of the 5G infrastructure market include growing demand for mobile data services, increasing importance of software application 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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The progress of the market is attributed to the proliferation of 5G-enabled consumer electronics devices in the market. For instance, after the commercialization of 5G network connectivity, it is expected that there will be a high demand for 5G-enabled smartphones with high-speed Internet connectivity. This is one of the main drivers for consumer electronics application. This is one of the main drivers for consumer electronics application and hence estimated to hold the largest market share in 2020.

Small cells are low-powered radio access nodes that operate in the licensed and unlicensed spectrum and can provide a coverage up to 2 km. The larger market share of small cell is attributed to the large-scale deployment of small cells by communication and mobile operators. In recent times, the mobile and communication network operators are facing imminent challenges such as growth in the levels of data traffic and signaling on communication network, rise in user expectations of quality of services, need to support variety of data traffic (includes data, audio, and video) with high speed and reliability, and most importantly to improve capacity and coverage to target new revenue opportunities. To address these needs, operators are developing and deploying small cells at a faster pace and on large scale.

North America expected to hold the largest share of the 5G infrastructure market in 2020

The growth of the market is attributed to various factors such as increasing automation in different industries, rising number of subscribers owning more than one connected device, advanced technologies such as Internet of Things (IoT), high growth rate of connected/autonomous cars, increase in cellular M2M connections, high demand for on-demand video services, and growing trends of smart cities. In these applications, 5G network connectivity will be critical to carry out different tasks such as data transfer, data process, and communication. Thus, the growth of these applications in North America is the major driving factor for the growth of the 5G infrastructure market.

Some of the key players in the 5G infrastructure market are Qualcomm (US), Intel (US), Ericsson (Sweden), Samsung (South Korea), NEC (Japan), Qorvo (US), AT&T (US), Huawei (China), Nokia (Finland), MediaTek (Taiwan), Cisco (US), Cavium (US), Analog Devices (US), Verizon Communications (US), SK Telecom (South Korea), T-Mobile (US), ZTE (China), Korea Telecom (South Korea), China Mobile (China), and MACOM Technology Solutions (US).

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