5G Infrastructure Market Growth and Forecast by 2031

The 5G Infrastructure Market size is projected to reach US$ 134.88 billion by 2031 from US$ 15.27 billion in 2023. The market is expected to register a CAGR of 31.30% in 2023–2031. The expansion of industrial automation and a new wave of IoT applications are likely to fuel market growth.

5G Infrastructure Market Analysis

The increasing amount of smart city initiatives globally is boosting the need for 5G due to its ability to deliver quicker communication infrastructure, analytics, IoT, and automation for environmental conservation, enhance traffic flow, and ensure public safety. Additionally, the increasing amount of interconnected IoT devices is driving the expansion of the 5G infrastructure market. Moreover, the increasing industrial automation is boosting the need for 5G. 5G technology offers lower latency, greater reliability, and faster speeds that aid emerging technologies and their inventive methods in smart factories, leading to a chance for the expansion of the 5G infrastructure market. Furthermore, increased government investment in 5G infrastructure across various nations will further drive market expansion in the projected timeframe.

5G Infrastructure Market Overview

The 5G infrastructure is a network of large and small cell base stations with the necessary capabilities for the operation of the fifth-generation cellular network technology standard. The availability of 5G infrastructure enables quick data processing for big data streams, which is advantageous for applications such as augmented reality, semi-autonomous vehicles, and Internet of Things devices. Two categories of 5G network infrastructure exist: non-standalone (NSA) setups, which utilize certain 4G LTE equipment, and standalone 5G infrastructures, which feature their cloud-native network core connecting to 5G New Radio (NR) technologies.

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5G Infrastructure Market: Strategic Insights

5G Infrastructure Market

• 
  CAGR (2023 - 2031)

  31.30%
• Market Size 2023
  US$ 15.27 billion
• Market Size 2031
  US$ 134.88 billion

Market Dynamics

GROWTH DRIVERS

• The Expansion of Industrial Automation

FUTURE TRENDS

• Technological Advancements

OPPORTUNITIES

• Growing Need for Ultra-Low Latency

Key Players

• Cisco Systems Inc
• Huawei Technologies Co Ltd
• Intel Corporation
• MediaTek Inc
• NEC Corporation
• Affirmed Networks Inc
• VMware Inc
• Samsung Corporation
• Telefonaktiebolaget LM Ericsson
• ZTE Corporation

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Communication Infrastructure

• Small Cell
• Macro Cell

Core Network Technology

• Software-Defined Networking
• Network Function Virtualization

Operational Frequency

• Sub 6 GHz
• Above 6 GHz

Network Architecture

• Standalone
• Non-standalone

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5G Infrastructure Market Drivers and Opportunities

The Expansion of Industrial Automation to Fuel the Market

Automation is becoming more sought-after in different industries across the globe. Fast wireless communication is crucial for automation and interconnectivity, acting as a bridge between machines, sensors, and users for smooth and expandable connectivity. Moreover, it connects automated guided vehicles (AGVS), robotics, drones, and the Internet of Things (IoT). Additionally, increased factory automation boosts productivity and product quality while reducing production costs. Additionally, industrial automation has become highly sought after in industries such as automotive, manufacturing, and others due to its ability to safeguard consistent and high-quality results in production. Automation is becoming more sought-after in different industries across the globe. Fast wireless communication is crucial for automation and interconnectivity, acting as a bridge between machines, sensors, and users for smooth and expandable connectivity.

New Wave of IoT Applications to Support Market Growth

The emergence of 5G technology is leading to significant developments in the Internet of Things (IoT). It serves as a robust facilitator for a new wave of applications that will utilize edge computing to enhance the effectiveness and efficiency of IoT. 5G's impact can be seen as the interplay between two persistent trends: the growth of highly dependable, high-capacity communications and the widespread distribution of computing power across networks. This computational power extends beyond the network to include smarter and more powerful endpoint devices. As telecommunications companies redesign their networks for 5G, a more dynamic and potent computational environment is taking shape, which will drive the adoption of IoT applications and services across various industries. Anticipated benefits of 5G include the facilitation of new applications in areas such as remote monitoring, visual inspection, autonomous operations in large remote settings like mines, and connectivity for vehicles, among others. The expanding array of computing options necessitates a more adaptable approach to developing and deploying applications and AI models that can efficiently utilize the most cost-effective computing resources available. Furthermore, these AI models can now operate on edge devices connected to the network edge, leading to more secure and efficient data processing.

Growing Need for Ultra-Low Latency– An Opportunity in the Market

The adoption of cutting-edge expertise, such as the Internet of Things (IoT), connected devices, Artificial Intelligence, Augmented & Virtual Reality, and others, is on the rise. However, many industries face challenges in fully leveraging these technologies due to high latency. 5G technology offers ultra-low latency capabilities, enhancing user experience and driving demand in mission-critical applications. Notably, in telemedicine, low latency enables real-time access to critical data, paving the way for future remote robotic surgeries. In manufacturing, 5G can optimize connected robotic systems, improving the efficiency of Industrial IoT devices and machines. Additionally, 5G is poised to enhance assisted driving and transport services through real-time data alerts, improving safety. Furthermore, its low latency is set to revolutionize virtual and augmented reality applications, offering users a highly immersive experience and driving the demand for 5G infrastructure.

5G Infrastructure Market Report Segmentation Analysis

Key segments that contributed to the derivation of the 5G Infrastructure Market analysis are communication infrastructure, core network technology, operational frequency, network architecture, and end user.

• Based on communication infrastructure, the market is segmented into small cells and macro cells. The small cell segment held a significant market share in 2023.
• In terms of core network technology, the market is segmented into software-defined networking (SDN) and network function virtualization (NFV). The software-defined networking (SDN) segment held a substantial share of the market in 2023.
• Based on operational frequency, the market is segmented into Sub 6 GHz and Above 6 GHz. The Sub 6 GHz segment held a substantial share of the market in 2023.
• In terms of network architecture, the market is segmented into standalone and non-standalone. The standalone segment held a substantial share of the market in 2023.
• Based on end user, the market is segmented into residential, commercial, government, and industrial. The residential segment held a substantial share of the market in 2023.

5G Infrastructure Market Share Analysis by Geography

The geographic scope of the 5G Infrastructure Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

Governments in various Asia Pacific countries, including China and India, are actively improving their digital and network infrastructure in response to the increasing internet usage. The swift implementation of 5G, driven by ongoing digital advancements, is expected to stimulate market growth in the region. According to the 2022 GSMA report, 14 countries already have commercially accessible 5G networks. Vietnam and India are projected to experience rapid 5G network adoption in the near future, consequently driving the demand for 5G infrastructure.

5G Infrastructure Market Report Scope

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5G Infrastructure Market News and Recent Developments

The 5G Infrastructure Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

• The 5G Smart Factory Forum was held today at the Huawei European Supply Center (HESC) in Budapest. At the forum, Huawei stated that 5G-powered innovative solutions, including self-driving vehicles, AI-driven quality control, and AR-assisted remote maintenance, will serve as the typical applications and basic capabilities of future smart factories.

(Source: Huawei Technologies Co., Ltd., Company News, 2023)

• At the 5G Core Summit hosted by Informa Tech, George Gao, President of Huawei Cloud Core Network Product Line, launched the 5.5G Intelligent Core Network solution. The solution is equipped with native intelligence, making it powerful enough to implement service intelligence, network intelligence, and O&M intelligence so as to empower more new businesses and light up an intelligent world.

(Source: Huawei Technologies Co., Ltd., Company News, 2023)

• The technology company Siemens is launching a private infrastructure developed in-house for the 5G mobile communications standard. The solution enables industrial companies to build their own local 5G networks that will provide optimal support for automation applications. "By building their own 5G networks, industrial companies are launching the next stage of connected production," says Axel Lorenz, CEO of Process Automation at Siemens. "5G is crucial for applications like mobile robots, autonomous logistics, and driverless transport systems in factories. Siemens' private 5G infrastructure also gives users sole control over the data in their 5G network at all times, and they can custom-configure the network for their applications."

(Source: Siemens, Press Release, 2023)

5G Infrastructure Market Report Coverage and Deliverables

The “5G Infrastructure Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• 5G Infrastructure Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• 5G Infrastructure Market Trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• 5G Infrastructure Market analysis covering key market trends, major players, regulations, and recent market developments
• 5G Infrastructure industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles