5G Network and Tower Deployment Market Growth Report 2028

5G Network and Tower Deployment Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Component (Small Cell, 5G Mobile Core Network, and Radio Access Network), Location (Ground Tower and Rooftop Tower), Frequency Band (Low Band, Medium Band, and High Band), and Small Cell Tower (Femto Cells, Pico Cells, and Micro Cells)

  • Report Code : TIPRE00013527
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 208
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The 5G network and tower deployment market is expected to grow from US$ 9211.96 million in 2022 to US$ 17,785.55 million by 2028; it is estimated to grow at a CAGR of 11.6% from 2022 to 2028.

The surging adoption of automation and the increasing need for efficient and real-time communication systems across various industries such as retail, manufacturing, healthcare, education, and utilities are further contributing to the rise in the adoption of 5G network services across the region. For instance, in September 2020, Virginia Roadways deployed C-V2X Communication Technology by Qualcomm Technologies, Inc. to enhance roadside and vehicle safety across the state. Similarly, in April 2020, AT&T sped up its 5G cell tower deployment to support medical facilities with enhanced connectivity. These factors are further contributing to the 5G network and tower deployment market growth.

In the last couple of years, North America has experienced a rise in the adoption of advanced network technologies for residential, commercial, and industrial applications. This rise in demand for such technologies has influenced the growing service offerings by network service providers across the region. Major 5G network providers in North America include Disk, C Spire, UScellular, T-Mobile, AT&T, and Verizon.

  • T-Mobile launched its 5G network services across North America on December 2, 2019. The Metro by T-Mobile prepaid service started offering access to their network on December 6, 2019.
  • UScellular started offering its 5G network services on March 6, 2020. The services are offered across various states of the US, such as Wisconsin, Maine, California, Oregon, Iowa, Oklahoma, North Carolina, and Washington.

Thus, the rising offering of 5G services by numerous network service providers is driving the 5G network and tower deployment market size in North America.

5G network and tower deployment market Market - 

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5G Network and Tower Deployment Market: Strategic Insights

5g-network-and-tower-deployment-market
Market Size Value inUS$ 9211.96 million in 2022
Market Size Value byUS$ 17,785.55 million by 2028
Growth rateCAGR of 11.6% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Impact of COVID-19 Pandemic on Europe 5G Network and Tower Deployment Market Growth

The COVID-19 pandemic severely impacted European countries, including Italy, France, Germany, the UK, and Russia. The massive potential for the region to declare itself as a global innovational leader remains as it is, and to retain its position, the region is looking ahead for measures to remain leader. Owing to the consequences of the pandemic, the significance of internet connectivity and mobile networks is reaching a new level in the region. Since the region has distinctive industrial expertise in industries, such as retail, tourism, automotive, and agriculture, it persists with an opportunity to use 5G at a new level. In 2021, out of 14 of the largest communications operators and service providers in the UK and Europe, the average mid-band 5G nationwide coverage stood at less than 10% and will rise to an average of 15% in 2022.

Lucrative Regions for 5G Network and Tower Deployment Market 

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Market Insights – 5G Network and Tower Deployment Market 

Increase in Network Subscribers and Adoption of Smartphones

Countries worldwide are experiencing a rise in demand for mobile subscribers and the adoption of smartphones for various applications such as mobile gaming, home broadband, video calling, high-definition movies & TV, mobile health services, augmented shopping experience, and global positioning system (GPS) services. The rising use of mobile phones for the services mentioned above is increasing the adoption of mobile subscribers and smartphones worldwide. For instance, according to GSMA, North America recorded 84% subscriber penetration in 2021 and 82% smartphone adoption in the same year. According to the Mobile Economy report published by GSMA in 2022, the above-mentioned services offer a better customer experience with 5G network technology. Thus, the increase in network subscribers and smartphones for both residential and commercial purposes and the rise in the adoption of 5G technology for enhanced services are driving the 5G network and tower deployment market size.

Frequency Band-Based Insights – 5G Network and Tower Deployment Market

Based on frequency band, the market is segmented into low band, medium band, and high band. The medium band segment accounted for the largest share of the market in 2022. 5G frequency ranging between 1 GHz to 6 GHz is referred to as medium band frequency and is considered the ideal frequency band for 5G network services for transferring a large amount of data through substantial distances.

The 5G network and tower deployment market is segmented based on component, location, frequency band, small cell tower, and geography. Based on component, the 5G network and tower deployment market is segmented into small cell, 5G mobile core network, and radio access network. Based on location, the market is categorized into ground tower and rooftop tower. In terms of frequency band, the market is segmented into low band, medium band, and high band. Based on small cell tower, the market is categorized into femto cells, pico cells, and micro cells. Based on geography, the 5G network and tower deployment market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.

American Tower Corporation, Crown Castle International Corp, CTI Towers Inc., Dish Network L.L.C., SBA Communications Corporation, CommScope Inc., Mavenir, Verizon Communications Inc, AT&T Inc., and Qualcomm Technologies Inc. are among the key 5G network and tower deployment market players.

The 5G network and tower deployment market players focus on developing advanced and efficient systems. For instance:

  • In 2022, Reliance Jio awarded a contract to Nokia to provide 5G Radio Access Network (RAN) hardware for 5G rollout across India.
  • In 2022, ZTE entered into a contract with China Mobile to start its trial for 5G network deployment for industrial applications.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Location, Frequency Band, and Small Cell Tower

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the estimated global market size for the 5G network and deployment market in 2022?

The global 5G network and deployment market was valued at US$ 9,211.96 million in 2022.

What are the driving factors impacting the 5G network and deployment market?

The driving factors impacting the 5G network and deployment market are:
1. Increase in Offering of 5G Services by Network Service Providers
2. Increase in Network Subscribers and Adoption of Smart Phone

What are the future trends in the 5G network and deployment market?

The future trend expected to positively impact the 5G network and deployment market is rise in government initiatives to promote 5G deployment across the world.

Which are the key players holding the major market share of the 5G network and deployment market?

The key players holding the major market share of the 5G network and deployment market are American Tower Corporation, Crown Castle, SBA Communications, Qualcomm Inc., and Verizon Communications Inc.

Which is the leading component segment in the 5G network and deployment market?

The small cell segment led the 5G network and deployment market in 2022.

Which countries are expected to grow at a fastest CAGR in the 5G network and deployment market?

Mexico, Germany, China, the UAE, and Brazil are expected to grow at a fastest CAGR during the forecast period.

The List of Companies - 5G Network and Tower Deployment Market

  1. American tower corporation
  2. Crown castle international corp
  3. CTI Towers Inc.
  4. DISH Network L.L.C.
  5. SBA Communications Corporation
  6. CommScope Inc.
  7. Mavenir
  8. Verizon Communications Inc
  9. AT&T Inc.
  10. Qualcomm Technologies Inc.
  11. Phoenix Tower International
  12. Huawei Technologies Co Ltd
  13. Telefonaktiebolaget LM Ericsson
  14. Nokia Corp
  15. ZTE Corp

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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