North America 5G Equipment and Device Market Outlook to 2027: Ken Research

5G Equipment and Device Market Definition and Overview
5G is the 5th Generation mobile network technology that delivers lower latency, which can enhance the functionality of corporate applications and other digital experiences including online gaming, videoconferencing, self-driving cars etc. It has massive network capacity and uses automation with machine learning (ML), deep learning, and artificial intelligence (AI) to enable the next-generation user experience. 5G signals use new radio signals between the wavelength of 30 and 300 gigahertz. The 5G Equipment market comprises Oscilloscopes, Signal and spectrum, Vector Signal Generators, and Network Analyzers. These types of equipment are used to test and measure bandwidth, electric signals, network, and efficiency. The 5G equipment handles different types of traffic like massive machine communication and enhanced mobile broadband to generate and analyses 5G new radio (NR)waveform. The 5G devices include smartphones, tablets, laptops, hotspot devices wearable gadgets and etc., which can connect to the relevant bandwidth mobile network with the help of an antenna present in them.

North America 5G Equipment and Device Market Outlook, Drivers and Challenges
The 5G Equipment and Device Market in North America is expected to grow at a rate of more than 25% CAGR. 5G in North America accounts for approx. two-thirds of the total mobile connection by end of 2025 owing to 5G deployment plans of mid-band spectrum by operators. In early 5G deployment, the enhanced mobile broadband to the consumer market was the major target segment. Furthermore, the operators are continuing to collaborate with 5G stakeholders including enterprises, equipment vendors and municipal councils to develop 5G applications across the economy. T-Mobile US is the first operator in the world to launch nationwide 5G standalone network in August 2020. The move to 5G standalone is likely to break an underlying service connection with LTE and bring number of functionalities like improved ability to IoT, network slicing and cost optimization.

5G in North America is becoming the network for choice owing to its performance and reliability. A large number of research and development along with a higher rate of adoption of advanced technologies like IoT and wearable technology is driving the growth of 5G equipment and devices in North America. The increasing demand for 5G technology is boosting the 5G equipment market. In the telecommunication sector the adoption of virtual networking architecture and rise in machine-to-machine communication is driving the growth of 5G technology. The deployment of C-band spectrum is expected to drive the investment of USD 300 billion by mobile operators in North America by 2025. It is expected to provide a middle ground for capacity and coverage of 5G networks. The 5G device manufacturers, which offers advanced communication devices for strong network connectivity, both commercial and personal use is expected to drive the demand for 5G devices during the forecasted period. In North America, revenue generation and customer experience are driving the network transformation efforts.

The high cost of implementation and integration of 5G equipment is a major challenge for 5G Equipment and Devices in North America. In addition, the integration IoT technology with existing technology is facing challenges which is required for extraordinary speed, expanded bandwidth, low latency and increased power efficiency to serve billions of connected devices. Security and data privacy concerns owing to increasing risk of disruptions and cyber threats are the challenges for North America 5G-Equipment and Device Market.

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North America 5G Equipment and Device Industry Value Chain Analysis
The 5G Equipment and Device industry value chain consists of 5G equipment and devices components suppliers which provide end-to-end solutions for 5G network including networking equipment like oscilloscope, signal and spectrum, etc.5G mm waves, virtualized access and core apart from audio video components required for manufacturing mobile devices. Middleware and Firmware Solutions providers develop hardware and software including operating systems, user interfaces and applications necessary for implementation, maintenance and operation of 5G services. The 5G network operators provide wired and wireless communication infrastructure to sell and deliver the services to mobile network operators, virtual network operators and end user. The 5G services are delivered to the end user through 5G devices such as smartphones, laptops, tablets, modems that support 5G networks.

North America 5G Equipment and Device Market Segmentation
The 5G Equipment and Device Market can be segmented by Testing Equipment such as Oscilloscopes, Signal and Spectrum, Vector Signal Generators, and Network Analyzers. Based on the Network Infrastructure, the market is categorized as Macro Cell and Small Cell. Based on the Frequency, the market is categorized as High-band, Mid-band, and Low-band. The market segment by Device consists of Smartphones, Tablets, 5G Hotspot Devices, and Laptops. From the demand side, the market can be segmented based on end-user such as Commercial, Industrial, Government, Residential, and Enterprises. Geographically, the major country markets in North America are USA, Canada, and Mexico.

North America 5G Equipment and Device Market Competitive Landscape of Major Competitors
Some key competitors in the North America 5G Equipment and Device Market are Huawei Technologies Co., Ltd., SAMSUNG, Qualcomm Technologies, Inc., Ericsson, AT&T, Nokia, Cisco System, SK Communication, ZTE Corporation and NEC Corporation.

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Impact of Covid-19 on North America 5G Equipment and Device Market
Covid-19 had positive impact on 5G Equipment and Device Market in North America. The pandemic helped the mobile sector to achieve United Nation Sustainable Development Goals (SDGs). It was setup by United Nation General Assembly and is intended to achieve by 2030. The vital role of mobile industry developed focus during pandemic as people relied on mobile networks to stay connected and access life- enhancing services. Several North American mobile operators offered customers free content, zero-rated access or additional data, in order to support students and their families during the pandemic. Mobile health solutions are also growing owing to a number of operators developing new solution to cater the healthcare services. Telus partnered with Babylon Health to launch a free app that gives users the ability to schedule virtual appointments with doctors, and also runs any symptoms of illness through a chatbot symptom checker. In 2020, 4.4% of GDP in North America was generated from mobile technologies and services. The data traffic per smartphone increased from 8.4 GB/month in 2019 to 11.1 GB/month in 2020 due to high uptake of unlimited data plans across the region.

Key Segments Covered in North America 5G Equipment and Device Market: -
North America 5G Equipment and Device Market by Testing Equipment
Oscilloscopes
Signal and Spectrum
Vector Signal Generators
Network Analyzers
Others

North America 5G Equipment and Device Market by Network Infrastructure
Macro Cell
Small Cell

North America 5G Equipment and Device Market by Frequency
High-Band (mmWave)
Mid- Band (sub 6 Gz)
Low-Band (sub 1 Gz)

North America 5G Equipment and Device Market by Device
Smartphones
Tablets
5G Hotspot Devices
Laptops
Others

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North America 5G Equipment and Device Market by End User
Commercial
Industrial
Government
Residential

North America 5G Equipment and Device Market by Major Countries
USA
Canada
Mexico

Key Competitors in North America 5G Equipment and Device Market
Huawei Technologies Co., Ltd.
SAMSUNG
Qualcomm Technologies, Inc.
Ericsson
AT&T
Nokia
Cisco System
SK Communication
ZTE Corporation
NEC Corporation

Time Period Captured in the Report:
Historical Period: 2017-2021
Forecast Period: 2022-2027F

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report:
Mobile Phone Handset and Tablet Devices Manufacturers
Mobile Connectivity Device Manufacturers
Mobile Communications Software Companies
Mobile Communications Equipment Providers
GPS Internet Service Provider Companies
Wireless Internet Service Provider Companies
Broadband Internet Service Provider Companies
Fixed Wireless/Wireless Local Loop (FW/WLL) Telecom Network Operators
M2M Telecom Operators
Virtual Mobile Network Operators (MVNO)
Wholesale Telecommunications Network Operators
Satellite Communications Operators
Ministries of Telecommunication and Broadcasting
Departments of Telecommunication and Broadcasting
Telecommunication Administrative/Regulatory Bodies
Environmental Regulatory Authorities and Associations
Telecommunications Technology Research Organizations and Associations
Mobile Communications Technology Research Organizations and Associations
Potential Investors in 5G Mobile Connectivity Industry Value Chain
Potential Investors in 5G Mobile Communications Industry Value Chain
Potential Investors in 5G Mobile Communications Equipment Industry Value Chain

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