5G Network and Tower Deployment Market - Global Industry Current Scenario and Growth Prospects to 2022-2028

According to our new research study, titled "Global 5G Network and Tower Deployment Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Location, Frequency Band, Small Cell Tower, and Geography," the market is expected to grow from US$ 9,211.96 million in 2022 to US$ 17,785.55 million by 2028; it is expected to grow at a CAGR of 11.6% from 2022 to 2028.

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The 5G network and tower deployment market in Asia Pacific is segmented into China, Japan, India, South Korea, Australia, and the Rest of APAC. Asia Pacific is an early adopter of 5G, with countries such as South Korea, Taiwan, Japan, and China seeming to be ahead in the 5G wave. Other countries, including India, Indonesia, Pakistan, and Vietnam, appear to develop significantly.

South Korea, Australia, and China are the first in the world to launch commercial 5G services. For instance, South Korea deployed the first 5G network in April 2019 and is expected to have increased penetration of the technology, with almost 60% of mobile subscriptions in South Korea being for 5G networks by 2025. Japan had been trialing 5G network technology since 2010 before launching a decade later. GSMA states that 5G will contribute significantly to the Asia Pacific economy by 2034, with key industries such as manufacturing, healthcare, transportation, utilities, retail, and financial services, and the public sector benefitting the most from the new technology for digital transformation, Industry 4.0, and enterprise 4.0. Due to the growing demand for 5G technology by various industries, earnings from 5G services in Asia Pacific will increase to US$ 8 billion (a 137% increase) in 2026 from US$ 106 million in 2021. Thus, 5G is vibrant in Asia Pacific, with many deployments planned for both emerging and mature markets. This is contributing to the 5G network and tower deployment market growth in Asia Pacific

Moreover, in China, schools have used 5G remote education, including Live Distance Education and Cloud Video Distance Education, to avoid mass gatherings of students and lower the spread of infections. Due to cloud capabilities and 5G bandwidth, the education sector in China has successfully worked on lowering the spread of the virus.

Global 5G Network and Tower Deployment Market Study: Location Overview

Based on location, the 5G network and tower deployment market analysis is segmented into ground tower and rooftop tower. The ground tower segment dominated the 5G network and tower deployment market in 2022, whereas the rooftop tower segment is expected to grow at the highest CAGR during the forecast period. 5G ground towers are telecommunication sites that are used to boost wireless signals at an increased speed than that of 4G. 5G operates in a high-frequency band of the wireless spectrum. Major companies such as Ericsson, Huawei, and Nokia are working to ensure that the 5G tower radio gear features as multiple standards as possible while keeping it compact and lightweight. Operators have supported any measure that promotes investment in the 5G ground tower infrastructure, which is driving the market for the segment. For instance, in February 2022, the FAA, Verizon, and AT&T decided on procedures enabling additional towers to deliver 5G services. The introduction of additional 5G service in significant areas across the US will allow wireless operators to switch to more towers securely.

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Global 5G Network and Tower Deployment Market Study: Regional Overview

North America has been the pioneer in the rapid adoption of new and advanced technologies over the years. The presence of multiple industries, continuous investment by market players in technological advancements, and the rise in demand for fast data transmission from commercial and residential broadband subscribers are propelling the requirement for 5G networks across the region, thereby boosting the growth of the 5G network and tower deployment market.

Global 5G Network and Tower Deployment Market Analysis: Competitive Landscape and Key Developments

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 profiled in this market study. Several other essential 5G network and tower deployment market players were studied and analyzed to get a holistic view of the market size and its ecosystem.

In 2022, Nokia was awarded a five-year contract to provide 5G network infrastructure to Norwegian mobile operator Ice.

In 2022, Ericsson entered a strategic partnership with Bouygues Telecom to supply 5G Standalone (5G SA) connectivity.

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