5G Infrastructure Market Size, Share & Trends Report

5G Infrastructure Market Size, Share & Trends Analysis Report By Spectrum (Sub-6 GH, mmWave), By Component (Hardware, Services), By Network Architecture (Standalone, Non-standalone), By Vertical, By Region And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68038-234-1
  • Number of Pages: 114
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the 5G infrastructure market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for 5G infrastructure market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of 5G infrastructure market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

5G Infrastructure Market Categorization:

The 5G infrastructure market was categorized into five segments, namely component (Hardware, Services), spectrum (Sub-6 GH, mmWave), network architecture (Standalone, Non-Standalone), vertical (Residential, Enterprise/Corporate, Smart City, Industrial, Energy & Utility, Transportation & Logistics, Public Safety & Defense, Healthcare Facilities, Retail, Agriculture), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The 5G infrastructure market was segmented into component, spectrum, network architecture, vertical, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The 5G infrastructure market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fourteen countries, namely, the U.S.; Canada; the UK; Germany; Italy; China; India; Japan; South Korea; Brazil; Mexico; Kingdom of Saudi Arabia; UAE; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

5G infrastructure market companies & financials:

The 5G infrastructure market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Altiostar - Altiostar is a U.S.-based 4G and 5G open virtualized RAN (Open vRAN) software solution provider that separates the hardware from the software to create a multi-vendor web-scale cloud-based network and support open interfaces. In addition, the company’s geographical presence spans several countries such as the U.K., the U.S., India, Mexico, Japan, and Italy. The company categorizes its offerings under two categories, namely products and solutions. Under the product category, the company offers a software platform, baseband, and radio products. Furthermore, radio products are divided into massive MIMO, macro, and small-cell products. Under the solution category, the company provides Radio Access Network (RAN) and network intelligence solutions. The Radio Access Network solution includes Cloud Native Network, Hetnet, and Internet of Things (IoT), which ensure scalability, interoperability, dual connectivity, and adaptability between 4G and 5G connections. In August 2021, Rakuten Group, Inc., a technology company, announced the acquisition of Altiostar.

  • HUAWEI TECHNOLOGIES CO., LTD.  - Huawei Technologies Co., Ltd. provides smart devices and information & communication technology components to communication service providers, government agencies, and business enterprises. The company operates through three segments, namely Enterprise Business, Carrier Business, and Consumer Business. Huawei Technologies Co., Ltd. offers 5G chipsets, 5G network equipment, and other next-generation infrastructure equipment worldwide. The company also offers consulting services, system integration services, managed services, managed customer experience services, customer support services, network rollout services, and learning facilities, among other services. . Huawei Technologies Co., Ltd. has 21 R&D institutes in countries including China, the U.S., Canada, and the U.K., among other countries. The company’s geographic presence spans across North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

  • Nokia Corporation - Nokia Corporation is a Finnish multinational information technology, telecommunications, and consumer electronics company. Nokia Corporation’s geographical presence spans various countries, including Australia, Japan, New Zealand, France, Denmark, Finland, India, Canada, and the U.S., among others. The company is also engaged in the deployment of 5G networks. The company caters to various service providers, including fixed, mobile, converged, cable network operators, public sectors, hyper-scale enterprises, industries such as transportation and energy & resources, and consumers. Also, it provides advanced technologies and licensing opportunities for customers. The company is listed on the Nasdaq Helsinki Stock Exchange (NOKIA), the Euronext Paris Stock Exchange, and the New York Stock Exchange (NOK) and operates through four business groups, namely Mobile Networks, Network Infrastructure, Cloud and Network Services and Nokia Technologies.

  • Samsung Electronics Co., Ltd. - Samsung Electronics Co., Ltd. is one of the largest producers of electronic devices worldwide. Samsung Electronics Co., Ltd. (“SEC”) was established as Samsung Electronics Industry Co., Ltd. and was rechristened to Samsung Electronics Co., Ltd. in February 1984. Samsung Electronics Co., Ltd.. operates through four business divisions, namely CE (Consumer Electronics), IM (Information Technology & Mobile Communications), DS (Device Solutions), and Harman (Harman International Industries, Inc. and its subsidiaries). Samsung Electronics Co., Ltd.is listed on the Korea Stock Exchange. The company has a global presence spanning across various countries, including the U.S., France, Germany, Singapore, Australia, China, and Africa, among others.

  • Ericsson - Ericsson provides information and communication technology (ICT) services, including 5G and IoT-powered networks, managed services, digital services, and others to service providers across the globe. These services form the segment structure of the company and are based on the company’s customer needs. The company operates through four business segments, namely, Digital Services, Managed Services, Networks, and Emerging Business and Other. The company has its footprints across regions, including North America, Europe & Latin America, the Middle East & Africa (MEA), and Asia. The company has manufacturing sites located in Brazil, China, Estonia, India, Mexico, Poland, and the U.S. Also, the company’s service delivery centers are located in countries including China, India, Mexico, and Romania. Its R&D centers are located in several countries across the globe, including Canada, Brazil, China, Italy, France, Germany, India, South Korea, and Spain, among others.

  • ZTE Corporation - ZTE Corporation is engaged in integrated telecommunication equipment manufacturing. The company also provides integrated global telecommunications solutions to individual consumers, enterprise networks, carriers, businesses, and government customers. The company operates through three business segments, namely the Carriers’ Network, Consumer Business, and Government and Corporate Business. It has a global presence in more than 160 countries, including Canada, the U.S., Austria, France, Belgium, Germany, Italy, the U.K., China, Oman, UAE, Argentina, Mexico, and Chile, among others. Besides, the company is listed on the main board of the Shenzhen Stock Exchange and the main board of the Hong Kong Stock Exchange.

  • Airspan Networks Holdings Inc. - Airspan Networks Holdings Inc. is a U.S.-based 4G/5G RAN hardware and software provider. The company also offers fixed wireless network densification solutions with a wide portfolio of indoor and outdoor products, including 5G, 4G indoor, 4G outdoor, fixed access and backhaul, and RAN software. In addition, offers an extensive portfolio of software and hardware tools for pico, micro, femto, macro, and indoor and outdoor base stations. The company also offers a complete range of 4G and 5G network build and network densification products, including industry-leading 802.11ac and 802.11ax fixed wireless access and backhaul solutions for point-to-point and point-to-multipoint applications. its products are suitable for businesses to build their private networks, particularly in the case of 5G, where a dedicated spectrum has been allotted. The company’s geographical presence spans countries including the U.S., the U.K., Russia, Israel, Poland, Turkey, Australia, India, Indonesia, and Japan.

  • Fujitsu Limited - Fujitsu Limited is a Japanese provider of technology products, solutions, and services. The company operates through three business segments, namely Technology Solutions, Ubiquitous Solutions, and Device Solutions. Under its Technology Solutions segment, the company provides IT-driven business solutions based on cuttingedge digital transformation technologies, services and high-quality digital business platforms. Under the Ubiquitous Solutions segment, the company offers PCs, which are smartphone compatible. On the other hand, under the Device Solutions segment, the company offers a range of electronic products and devices for use across various applications such as imaging, security, and wireless communications. The company’s geographical presence spans 180 countries such as Canada, Mexico, Chile, Austria, Belgium, Netherlands, and Japan, among others.

  • CommScope Inc. - CommScope Inc. provides infrastructure solutions for communication and entertainment networks. The company also offers solutions for wired and wireless networks, which enable service providers, including cable, digital broadcast satellite operators, telephone and media programmers to provide media, Wi-Fi, voice, and Internet Protocol (IP) data services to their subscribers. Its geographical presence spans 150 countries in North America, Europe, Latin America, Asia, and other regions. The company’s key operating segments are Broadband, OWN, VCN, and Home. The Broadband segment brings together its Network Cable and Connectivity (NCC) and Network & Cloud (N&C) businesses and offers a full range of products to the broadband market for telcos and cable providers. Passive optical networking, video systems, converged cable access platforms, video systems, copper and fiber connections, access technologies, copper and fiber connections, fiber and coaxial cables, and protected closures are all covered under the Broadband segment. The OWN segment concentrates on the macro and metro cell wireless markets and brings together the company’s Radio Frequency (RF) equipment and Integrated Solutions businesses. Base station antennas, RF filters, tower connections, steel towers, microwave antennas, cabinets, metro cell products, spectrum access systems, accessories, and Comsearch are among the other items offered by the category.

  • Corning - Corning is one of the leading innovators in materials science. The company caters to several markets such as optical communications, mobile consumer electronics, life sciences vessels, display technology, glass products, and automotive emissions control. The company operates through five reportable segments, namely Display Technologies, Specialty Materials, Environmental Technologies and Life Sciences, and Optical Communications. The company offer solutions for carrier network, enterprise network, and 5G network. Further, the company has invested USD 833 million, USD 807 million, and USD 689 million in research and development activities in 2019, 2018, and 2017, respectively. Moreover, its geographical presence spans 24 countries in four regions, namely North America, EMEA, Caribbean and Latin America, and Asia Pacific. In addition, the company is listed on the New York Stock Exchange under the ticker symbol GLW.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

5G Infrastructure Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

5G Infrastructure Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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