The 5G base station market size was valued at US$ 20.53 billion in 2022 and is expected to reach US$ 65.70 billion by 2030; it is estimated to record a CAGR of 15.6% from 2022 to 2030.
Analyst Perspective:
With an increased demand for industrial internet-of-things (IIoT) and edge computing, there is a rising demand for private 5G networks and small cell base stations. A private 5G network is a dedicated Local Area Network (LAN) that provides enterprise, industrial, and other customers with increased internet access. Next-generation network services are projected to satisfy the requirement for crucial wireless communication for public safety, industrial operations, and critical infrastructure connectivity as they evolve. Additionally, the global market is growing due to the increasing need for ultra-reliable, low-latency connections for applications based on the Industrial Internet of Things (IIoT), including robots, collaborative industrial cameras, industrial cameras, and industrial sensors.
Various prominent industrial players, such as ABB Ltd, Siemens AG, and Mercedes-Benz AG, have significantly utilized sensor-based technologies and industrial robotics to achieve higher operational productivity and efficiency with the evolution of Industry 4.0. The private 5G network is important for delivering continuous and secure internet connectivity to the IIoT. Enterprise digitalization is also fueling the market growth. As businesses become more digitalized, they need faster, more reliable, and secure connectivity to support their operations. Furthermore, the demand for time-sensitive networking (TSN) and real-time-based networking is expanding rapidly across numerous industries, including transportation, manufacturing, oil & gas, and aerospace. Such applications are significantly boosting the 5G base station market growth.
5G Base Station Market Overview:
The 5G base station is the key equipment of the 5G network, which provides wireless coverage and realizes wireless signal transmission between the wired communication network and the wireless terminal. The architecture and shape of base stations directly affect the way 5G networks are deployed. With a rise in frequency, the attenuation during signal propagation increases, leading to a higher base station density of the 5G network. In May 2022, China built ~1.6 million 5G base stations and became the first country in the world to build a large-scale 5G network based on the independent networking model. In 2022, China added 887,000 new 5G base stations. The number of 5G base stations reached ~2 million, accounting for more than 60% of the world's total.
Furthermore, various companies across the globe are taking initiatives to increase the number of 5G base stations. For instance, in December 2022, Indian operators such as Reliance, Infocomm, Jio, and Bharti Airtel deployed approximately 33,000 base stations for 5G services as of 2022. Similarly, NEC Corporation announced the launch of two new models of integrated compact base stations from the UNIVERGE RV1000 series. These models include baseband units and base station radio units (RUs) in a single enclosure, primarily for small-scale networks. From the first quarter of 2022, NEC began sales of the standalone (SA) UNIVERGE RV1200 base station (compatible with the 4.7GHz band) and the non-standalone (NSA) UNIVERGE RV1300 base station (compatible with the 28GHz band) in Japan. Therefore, with rising launches of new models, the 5G base station market is growing significantly.
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5G Base Station Market: Strategic Insights
Market Size Value in US$ 20.53 billion in 2022 Market Size Value by US$ 65.70 billion by 2030 Growth rate CAGR of 15.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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5G Base Station Market: Strategic Insights
| Market Size Value in | US$ 20.53 billion in 2022 |
| Market Size Value by | US$ 65.70 billion by 2030 |
| Growth rate | CAGR of 15.6% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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5G Base Station Market Driver:
Rise in Government Initiatives in Development of 5G Network Fuel 5G Base Station Market Growth
Telecommunication is one of the fastest-growing industries across the globe. The US government and various industries are rapidly adopting 5G technology to achieve its full potential in the country as well as promote digital business transformation. For instance, in September 2023, the US National Science Foundation Directorate for Technology, Innovation and Partnerships (TIP) is challenges associated with 5G communication infrastructure and operations through a US$ 25 million investment to advance five convergent teams. Also, in April 2023, the US Secretary of Commerce announced the launch of the Public Wireless Supply Chain Innovation Fund, which will invest US$ 1.5 billion in the development of interoperable and open networks. With this funding, the future of 5G and next-gen wireless technology can be built by the US and its global allies and partners. Furthermore, governments of various countries across APAC are taking several initiatives and investing in 5G technology. For example, in September 2023, Malaysia's Prime Minister announced that a switch to a dual 5G network would allow for more effective participation by China's Huawei. In addition, in October 2022, the government launched 5G services in India by boosting the country’s digital transformation and connectivity. The government also unveiled 5G use cases of numerous telecom service providers in health, education, worker safety, and smart agriculture, among others. Therefore, the rise in government initiatives in the development of 5G networks is driving the 5G base station market growth.
5G Base Station Market Segmental Analysis:
The 5G base station market is segmented on the basis of component, frequency band, cell type, end user, and geography. Based on component, the 5G base station market is bifurcated into hardware and service. Based on frequency band, the 5G base station market is categorized into less than 2.5 GHz, 2.5–8 GHz, 8–25 GHz, and more than 25 GHz. Based on cell type, the 5G base station market is bifurcated into macrocell and small cell. The small cell segment is further segmented into microcell, picocell, and femtocell. Based on end user, the 5G base station market is categorized into industrial, commercial, and residential. Geographically, the 5G base station market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
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The hardware segment held a larger share of the 5G base station market in 2022. 5G base station hardware providers are companies that design, manufacture, and supply the essential hardware and technology required to build and deploy 5G base stations. These providers play a critical role in enabling the rollout of 5G networks. 5G base station providers are responsible for designing and manufacturing the hardware components that make up a 5G base station. This includes antennas, transceivers, baseband processing units, remote radio heads (RRHs), power supplies, and cooling systems. These providers engage in ongoing research and development to create cutting-edge technology that meets the requirements of 5G networks. They innovate in areas such as beamforming, multiple-input multiple-output (MIMO), and software-defined radio. They provide antennas, transceivers, baseband processing units, RRHS, and other components. Huawei, Ericsson, Nokia, ZTE, and Samsung are a few prominent hardware manufacturers.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
5G Base Station Market Regional Analysis:
The North American 5G base station market size was valued at US$ 4.50 billion in 2022 and is projected to reach US$ 13.24 billion by 2030; it is expected to record a CAGR of 14.4% from 2022 to 2030. The US, Canada, and Mexico are among the major economies in North America. North American consumers are increasingly adopting 5G-enabled devices, such as smartphones, tablets, and IoT gadgets. As a result, there is a growing need for 5G infrastructure to support these devices with high-speed data and low latency. Telecom operators in North America are engaged in fierce competition to provide the best 5G services. This competition drives the deployment of more 5G base stations to offer better coverage and faster speeds.
For instance, in October 2023, Ericsson launched a new software toolkit to strengthen the capabilities of the 5G standalone network and enable premium services with differentiated connectivity. The toolkit aims to help communications service providers (CSPs) deliver high throughput, high reliability, and low latency performance levels for use cases. These use cases include lag-free mobile cloud gaming, video conferencing, live broadcasting, remote-controlled machines/vehicles, public safety services, and future XR. Also, in August 2023, Eastlink partnered with Nokia to enhance its 5G network across Canada. Under this partnership, Eastlink is modernizing its mobile network by using Nokia's AirScale portfolio, including 5G Radio Access Network (RAN) technology, to deliver fast speeds, unparalleled performance, and expanded network capacity. Similarly, in December 2022, AT&T expanded its 5G network infrastructure to reach 25 cities across Mexico. AT&T Mexico is offering its 5G services in 18 cities across the country.
5G Base Station Market Key Player Analysis:
Alpha Networks Inc, Airspan Networks Holdings Inc, Baicells Technologies North America Inc, Commscope Holding Co Inc, Huawei Technologies Co Ltd, NEC Corp, Nokia Corp, Samsung Electronics Co Ltd, Telefonaktiebolaget LM Ericsson, and ZTE Corp are among the leading 5G base station market players. Several other major companies have been analyzed during this research study to get a holistic view of the 5G base station market ecosystem.
Recent Developments:
The 5G base station market players highly adopt inorganic and organic strategies. A few major 5G base station market developments are listed below:
- In October 2023, BLiNQ Networks partnered with EdgeQ to launch the PCW-400i, an advanced 5G small cell base station based on the latter’s system-on-chip (SoC). Per EdgeQ, the new product belongs to a new class of 5G NR Wireless network edge products. It has a compact form factor that can adapt to varied applications from public venues, warehousing, industrial spaces, retail spaces, academic institutions, and office deployments.
- In May 2023, Orange Jordan selected Nokia to supply 5G Radio Access Network (RAN) equipment across the Kingdom of Jordan. The deal is expected to enable Orange Jordan to present improved connectivity and capacity to its customers and also lay the foundations to support the digital transformation of the country and economy.
- In April 2023, NEC Corporation announced that they would participate in demonstration tests using machines compliant with O-RAN (Open Radio Access Network) for the commercialization of virtualized base stations in 5G, which began in March under the initiative of KDDI Corporation, and provide base station equipment and conduct tests.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Frequency Band, Cell Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The incremental growth expected to be recorded for the global 5G base station market during the forecast period is US$ 45.17 billion.
The global 5G base station market is expected to reach US$ 65.70 billion by 2030.
The key players holding majority shares in the global 5G base station market are Huawei, Nokia, Samsung, ZTE, and Ericsson.
Rise in usage of edge computing is positively impacting the 5G base station market and is anticipated to play a significant role in the coming years.
Increased demand for low latency and high-speed data, rise in government initiatives in development of 5g network, and surge in IoT and Industry 4.0 adoption are the major factors that propel the global 5G base station market.
The Global 5G base station market was estimated to be US$ 20.53 billion in 2022 and is expected to grow at a CAGR of 15.6% during the forecast period.
The List of Companies - 5G Base Station Market
- Alpha Networks Inc
- Airspan Networks Holdings Inc
- Baicells Technologies North America Inc
- Commscope Holding Co Inc
- Huawei Technologies Co Ltd
- NEC Corp
- Nokia Corp
- Samsung Electronics Co Ltd
- Telefonaktiebolaget LM Ericsson
- ZTE Corp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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