5G Base Station Market Size Booms, Estimated to $190.78 Billion by 2030

A report by Allied Market Research projects that the global 5G base station market will reach $190.78 billion by 2030, up from $8.16 billion in 2020, with an anticipated compound annual growth rate (CAGR) of 37.3% from 2021 to 2030. This report analyzes market size and forecasts, winning strategies, drivers and opportunities, investment areas, competitive landscape, and emerging market trends.

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A 5G base station is an innovative system that allows the base station to enable wireless devices to connect with central hubs. Further, 5G networks are intended to complement 4G networks by utilizing a variety of microcells, small cells, and dedicated in-building systems. The small cells are tiny base stations that are designed to provide in-fill for a larger macro network. They generally range in size from 10 meters to a few hundred meters.

In addition, the 5G small cell base station is powered by an amplifier that converts signals from radio frequency antennas to baseband units in wireless stations. Moreover, the increase in demand for high-speed interconnected devices across prime economies is propelling the need for the next generation 5G base station system.

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The growth of the 5G base station market is driven by increasing adoption of 5G IoT ecosystems, rising demand for high-speed, low-latency data, and the expansion of interconnected devices. Additionally, advancements in smart infrastructure are expected to offer significant growth opportunities. However, government regulations related to network radiation are seen as a potential growth barrier.

On the basis of operational frequency, the above 6 GHz segment dominated the 5G base station market share in 2020, and is expected to maintain its dominance in the upcoming years, owing to rise in demand for high speed communication solution across the commercial sector is driving the need for a market. However, the sub 6 GHz segment is expected to witness highest growth rate in the upcoming years, owing to surge in the adoption of the 5G base station across emerging economies such as Japan, India, and China to boost smart infrastructure globally, which is expected to propel the growth of the 5G base station market during the forecast period.

The market is analyzed by type, network architecture, core network, operational frequency, end-user, and region. In 2020, the small cells segment accounted for nearly two-thirds of the total market revenue, while the macrocells segment is expected to grow at a remarkable CAGR of 40.2% during the forecast period. By network architecture, the 5G non-standalone segment held the highest revenue share in 2020, making up more than half of the market, while the 5G standalone segment is expected to grow at a notable CAGR of 39.8% through 2030.

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Regionally, Asia-Pacific led the market in 2020, contributing over one-third of the global revenue, and is projected to continue leading with the highest CAGR of 41.0% by 2030. The report also covers other regions, including Europe, North America, and LAMEA.

Key players analyzed in the report include Ericsson, Nokia, Cisco Systems Inc., ZTE Corporation, Huawei Technologies Co., Marvell, NEC Corporation, Airspan Network Inc., Samsung, and Qualcomm Incorporated. These companies have employed strategies like mergers, expansions, partnerships, acquisitions, and collaborations to strengthen their market position.

Key Industry Developments -

October 2023: Bromsgrove-based JET Connectivity launched world's first permanently deployable floating 5G base station in Grimsby (UK), to help connect an operational offshore wind farm.

September 2023: BLiNQ Networks partnered with EdgeQ for a powerful hardware and software collaboration. Through this partnership, they will launch the PCW-400i, their advanced 5G small cell base station, designed to enable new Industry 4.0 use cases in a very cost-effective way.

March 2023: Radio Frequency Systems (RFS), a global designer and manufacturer of end-to-end wireless connectivity solutions, collaborated with Nokia Corporation, to integrate its passive antenna technology with Nokia's 5G Massive MIMO radios, in a compact design to further enhance 5G base station capabilities.

February 2023: Fujitsu launched the new 5G vRAN solution combining Fujitsu's virtualized CU (vCU) and virtualized DU (vDU) with NVIDIA's GPU technology. With this new solution, Fujitsu aims to contribute to the global expansion of the open 5G network in cooperation with telecom operators including NTT DOCOMO.

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