The global 5G infrastructure market size is estimated to reach USD 95.88 billion by 2030, registering a CAGR of 34.2% from 2022 to 2030, according to a new study by Grand View Research, Inc. Significant investments by communication service providers to deploy 5G infrastructure across the globe to offer improved data services are estimated to drive the market. Additionally, robust innovation in next-generation 5G network equipment and deployment module will help in bringing down the overall deployment costs for service providers, thus boosting 5G infrastructure deployment during the forecast period.
The significantly growing demand for high bandwidth connectivity for several use cases, such as accessing ultra-high definition (UHD) videos, cloud-based AR/VR gaming, and HD video meetings, is expected to boost the market growth during the forecast period. Moreover, a wide range of industries, including manufacturing, oil and gas, mining, and energy and utility, are investing a massive amount in deploying 5G networks.
The 5G network helps industrial facilities to enhance their overall productivity and operational efficiency. Thus, the growing need for high bandwidth capacity to establish unified connectivity to millions of Industrial IoT (IIoT) devices is expected to foster market growth through 2030. With the emergence of 5G technology, the transportation and logistics industry is shifting towards a significant transformation in order to build an autonomous ecosystem. The deployment of a 5G network will help in delivering seamless data speed for various transport applications, including ships and ports, Vehicle-to-Everything (V2X), and drone connectivity.
Moreover, a notable demand for high-speed bandwidth capacity for emergency healthcare applications, such as remote patient surgeries, is estimated to strengthen the market growth from 2022 to 2030. Besides, robust demand for 5G data services in rapidly building several smart cities for energy management and cloud storage applications is further anticipated to expand the market growth.
The ongoing COVID-19 pandemic has had an adverse impact on the market for 5G infrastructure. Several telecom equipment manufacturers across the globe have temporarily halted the production and export of 5G equipment. Additionally, federal governments across key countries such as the U.S., France, the U.K., and Australia have temporarily postponed 5G spectrum auctions in their countries. Further, the escalating trade war between the two largest economies, coupled with the rising security concerns, is estimated to hinder the market growth.
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Based on component, in the hardware segment, RAN held the largest share of 48.5% in 2021, owing to a significant rise in investments in deploying 5G cloud or centralized RAN across key countries such as the U.S., the U.K., Japan, and China
With the growing need to provide unified connectivity to several industrial sensors and collaborative robots, the industrial vertical segment is anticipated to witness considerable growth over the forecast period
Robust investments in installing a 5G standalone network to deliver ultra-reliable low latency connectivity for connected vehicle applications are estimated to surge the growth of the standalone network architecture segment during the projection period
By spectrum, the sub-6 GHz segment held the dominant share of 84.8% in 2021, which is attributed to the high focus on releasing sub-6 GHz frequency bands by federal governments initially across key countries to deliver high-speed data services
Leading players such as Telefonaktiebolaget LM Ericsson and Nokia Corporation are highly focused on establishing partnerships with notable service providers to enhance their geographical presence and overall market share
Grand View Research has segmented the global 5G infrastructure market on the basis of component, spectrum, network architecture, vertical, and region:
5G Infrastructure Component Outlook (Revenue, USD Million, 2018 - 2030)
Radio Access Network (RAN)
Backhaul & Transport
Implementation & Integration
Support & Maintenance
Training & Education
5G Infrastructure Spectrum Outlook (Revenue, USD Million, 2018 - 2030)
5G Infrastructure Network Architecture Outlook (Revenue, USD Million, 2018 - 2030)
5G Infrastructure Vertical Outlook (Revenue, USD Million, 2018 - 2030)
Energy & Utility
Transportation & Logistics
Public Safety and Defense
5G Infrastructure Regional Outlook (Revenue, USD Million, 2018 - 2030)
Middle East & Africa (MEA)
List of Key Players in the 5G Infrastructure Market
Huawei Technologies Co., Ltd.
Samsung Electronics Co., Ltd.
Telefonaktiebolaget LM Ericsson
Cisco Systems, Inc.
Comba Telecom Systems Holdings Ltd.
Hewlett Packard Enterprise Development LP
Aviat Networks, Inc.
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