U.K. 5G New Radio Market Size & Outlook, 2023-2030
The 5g new radio market in the UK is expected to reach a projected revenue of US$ 11,872.1 million by 2030. A compound annual growth rate of 30% is expected of the UK 5g new radio market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,889.5
Forecast, 2030 (US$M)
$11,872.1
CAGR, 2024 - 2030
30.0%
Report Coverage
UK
U.K. 5G New Radio Market, 2019-2030 (US$M)
Global Market
Related Markets
UK 5g new radio market highlights
- The UK 5g new radio market generated a revenue of USD 1,889.5 million in 2023 and is expected to reach USD 11,872.1 million by 2030.
- The UK market is expected to grow at a CAGR of 30% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating offering in 2023.
- Software is the most lucrative offering segment registering the fastest growth during the forecast period.
5g new radio market data book summary
| Market revenue in 2023 | USD 1,889.5 million |
| Market revenue in 2030 | USD 11,872.1 million |
| Growth rate | 30% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | Huawei Technologies, Qualcomm Inc, Telefonaktiebolaget L M Ericsson ADR, Samsung Electronics Co Ltd, Intel Corp, Cisco Systems Inc, Fujitsu Ltd, NEC Corp, Verizon Communications Inc, Keysight Technologies Inc |
Other key industry trends
- In terms of revenue, UK accounted for 4.5% of the global 5g new radio market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Spain 5g new radio market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 10,123.4 million by 2030.
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5G New Radio Market Scope
5G New Radio Market segmentation & scope
5G New Radio Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fujitsu Ltd | View profile | 124,055 | Shiodome City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, Japan, 105-7123 | www.fujitsu.com |
| Intel Corp | View profile | 124,800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | www.intel.com |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| NEC Corp | View profile | 118,527 | 7-1, Shiba 5-chome, Minato-ku, Tokyo, Japan, 108-8001 | www.nec.com |
| Keysight Technologies Inc | View profile | 14,900 | 1400 Fountaingrove Parkway, Santa Rosa, CA, United States, 95403-1738 | www.keysight.com |
| Qualcomm Inc | View profile | 50,000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | www.qualcomm.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| Telefonaktiebolaget L M Ericsson ADR | View profile | 99,952 | Torshamnsgatan 21, Kista, Stockholm, Sweden, SE-164 83 | www.ericsson.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | huawei.com |
| Verizon Communications Inc | View profile | 105,400 | 1095 Avenue of the Americas, New York, NY, United States, 10036 | www.verizon.com |
U.K. 5G New Radio Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 5G New Radio Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 75.97% in 2023.
Horizon Databook has segmented the U.K. 5g new radio market based on hardware, software, service covering the revenue growth of each sub-segment from 2019 to 2030.
- U.K. 5G New Radio Market Offering Outlook (Revenue, USD Million , 2019-2030)
- Hardware
- Software
- Service
- U.K. 5G New Radio Market Operating Frequency Outlook (Revenue, USD Million , 2019-2030)
- Sub-6 GHz
- mmWave
- U.K. 5G New Radio Market Architecture Outlook (Revenue, USD Million , 2019-2030)
- Non-Standalone (NSA)
- Standalone (SA)
- U.K. 5G New Radio Market Application Outlook (Revenue, USD Million , 2019-2030)
- enhanced Mobile Broadband (eMBB)
- Ultra-Reliable Low-Latency Communications (URLLC)
- massive Machine-Type Communications (mMTC)
- U.K. 5G New Radio Market Industry Outlook (Revenue, USD Million , 2019-2030)
- Telecom & IT
- Manufacturing
- Automotive
- Healthcare
- Retail
- Others (Energy & Utilities, Agriculture)
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Horizon Databook provides a detailed overview of country-level data and insights on the U.K. 5G New Radio Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. 5G New Radio Market Outlook from 2019 to 2030, including revenue numbers, major trends, and company profiles.
U.K. 5G New Radio Market, 2019-2030 (US$M)
UK 5g new radio market statistics, by offering, 2019-2030 (US$M)
