Press release
5G Infrastructure Market Set to Reach $149.85 Billion by 2030
5G Infrastructure Market
The global 5G infrastructure market is experiencing unprecedented growth, projected to surge from USD 8.85 billion in 2023 to USD 149.85 billion by 2030, marking a robust CAGR of 49.8% during the forecast period . This expansion is fueled by escalating demand for high-speed connectivity, low latency, and the proliferation of smart devices across various sectors.
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◉ 5G Infrastructure Market Competitive Landscape and Regional Demand
Asia-Pacific stands at the forefront of 5G infrastructure development, with countries like China, Japan, and South Korea leading the charge. The region is home to major industry players such as Huawei Technologies Co. Ltd., Samsung Electronics, and ZTE Corporation, contributing significantly to market growth . The aggressive deployment of 5G networks in these countries underscores the region's dominance in the global market.
◉ 5G Infrastructure Market Country-Specific Developments
Vietnam: Consolidation in 5G Infrastructure
In February 2023, Qualcomm Technologies, Inc. and Viettel jointly launched initial versions of Viettel's 5G Radio Unit (RU) and Distributed Unit (DU), built on Qualcomm's 5G RAN platforms. This collaboration signifies Vietnam's commitment to advancing its 5G capabilities and fostering local innovation .
Fortune Business Insights
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Thailand: Opportunities in 5G Expansion
Thailand is actively exploring opportunities to expand its 5G infrastructure, focusing on enhancing connectivity in urban and rural areas. The government's strategic initiatives aim to attract investments and partnerships to accelerate nationwide 5G deployment.
Japan: Growth in Technological Innovation
Japan demonstrates a focused approach to technological innovation and infrastructure development, emphasizing high-quality network deployment and specialized industrial applications. Japanese telecom operators are actively developing advanced solutions for sectors like manufacturing and automotive, with strong government support facilitating rapid network deployment .
South Korea: Trends in Industrial Applications
South Korea's 5G infrastructure market is characterized by its emphasis on industrial applications and comprehensive network deployment plans. The country's focus on Industry 4.0 initiatives and digital transformation has created strong demand for 5G infrastructure across various sectors .
Singapore: Updation in Smart City Initiatives
Singapore continues to update its smart city initiatives by integrating advanced 5G technologies. The government's proactive policies and investments in digital infrastructure aim to position Singapore as a global leader in smart urban solutions.
United States: Growth in Network Deployment
The United States leads the North American market with extensive 5G deployment initiatives and comprehensive network coverage plans. Major telecom operators like T-Mobile, AT&T Inc., and Verizon Communications have made substantial investments in network equipment and infrastructure, focusing on urban areas and industrial applications .
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China: Opportunities in Smart Cities
China maintains its position as the largest market in the Asia-Pacific region, with extensive network deployment and comprehensive coverage plans. The country's strategic approach to 5G implementation is characterized by strong government support and coordinated efforts between telecom operators and equipment manufacturers .
Europe: Trends in Unified Frameworks
Europe demonstrates a strong commitment to 5G infrastructure development, with coordinated efforts among member states, standardized regulations, and strategic spectrum allocation policies. Key markets like the United Kingdom, Germany, France, and Italy have shown substantial progress in network deployment and coverage expansion .
Mordor Intelligence
◉ Key Recent Developments
February 2024: Italy-based network operator Wind Tre completed the acquisition of OpNet, a fixed wireless access company. This collaboration aims to enhance 5G spectrum holdings and expand existing services .
Fortune Business Insights
January 2024: T-Mobile partnered with Cisco to launch a new managed service, the Connected Workplace, targeting medium-sized companies operating in multiple locations .
September 2023: Siemens introduced a private 5G infrastructure dedicated to helping various industry end users develop local 5G networks for automation applications .
March 2023: Cisco Systems, Inc. and NTT Data Corporation launched private 5G services for sectors including healthcare, automotive, public, retail, and logistics, enhancing Industry 4.0 capabilities .
February 2023: Qualcomm Technologies, Inc. and Viettel jointly launched Viettel's 5G Radio Unit (RU) and Distributed Unit (DU), built on Qualcomm's 5G RAN platforms, marking a significant step in Vietnam's 5G development .
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◉ 5G Infrastructure Market Segmentation:
by Communication Infrastructure
Small Cell
Macro Cell
by Core Network Technology
Software-Defined Networking (SDN)
Network Function Virtualization (NFV)
by Network Architecture
5G NR Non-Standalone (LTE Combined)
5G Standalone (NR + Core)
by Operational Frequency
Sub 6 GHz
Above 6 GHz
by End-User
Residential
Commercial
Industrial
Government
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