Press release
Fifth Generation (5G) Devices Market Size Forecasted To Achieve 9.1 Billion By 2029 With Steady Growth
Fifth Generation (5G) Devices
What Is the Fifth Generation (5G) Devices Market Size and Projected Growth Rate?
The market for 5G devices has undergone a significant expansion in the past years. Its progression is predicted to rise from a value of $4.33 billion in 2024 to $6.21 billion in 2025, with a compound annual growth rate (CAGR) of 43.5%. This substantial growth during the historical period can be accredited to a surge in demand from the industrial segment, an increase in mobile network data traffic, expansion in the prevalence of cloud-based applications, growing demand for mobile broadband services, and a rise in the need for compatible devices.
The market size of 5G devices is anticipated to witness tremendous expansion in the coming years, with projections to reach $26.05 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 43.1%. The upswing during the forecast period is linked to the rising demand for connected cars, increased consumer awareness, the emergence of innovative use cases in energy management, the need for high-speed, low-latency connectivity, and the current global 5G rollouts. Key trends during the forecast period include wearable technology advancements, growth of AI driven features, enhancements in edge computing and AI technologies, progress in 5G-powered IoT solutions, and the integration of 5G technology into smart cities.
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What Are the Major Segments in the Fifth Generation (5G) Devices Market?
The fifth generation (5G) devices market covered in this report is segmented -
1) By Form Factor: Phones, Customer Premises Equipment (CPE), Modules, Hotspots, Switches And Routers, Laptop, Tablets, Other Form Factors
2) By Spectrum: Sub-6 Gigahertz (GHz), Millimeter Wave (MmWave), Sub-6 Gigahertz (GHz) + Millimeter Wave (MmWave)
3) By End-User: Consumer Electronics, Automotive, Healthcare, Industrial, Entertainment
Subsegmentss:
1) By Phone Type: Smartphones, Feature Phones
2) By Customer Premises Equipment (CPE) Type: Indoor CPE, Outdoor CPE
3) By Module Type: RF Modules, Modem Modules, Antenna Modules, Other Modules
4) By Hotspot Type: Mobile Hotspots, Fixed Hotspots
5) By Switches and Routers Type: Core Routers, Edge Routers, Switches
6) By Laptop Type: Consumer Laptops, Business Laptops, Gaming Laptops
7) By Tablet Type: Consumer Tablets, Business Tablets, Rugged Tablets
8) By Other Form Factors: Wearables, IoT Devices, Drones, AR/VR Devices
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What Are The Driving Fifth Generation (5G) Devices Market Evolution?
The surge in requirement for high-velocity internet connection is predicted to bolster the expansion of the 5G devices market in the future. High-velocity internet connection denotes quick and dependable network access facilitating continuous data transfer. The urge for high-speed internet is growing as seamless digital connectivity becomes increasingly essential for effective communication, gaining access to data, and enabling the trouble-free operation of various online services in everyday living. This heightened requirement for high-velocity internet connection speeds up the creation of 5G devices, inspiring manufacturers to adopt superior 5G technology for rapid data movement and enhanced mobile user experiences. For example, a report from Ofcom, a government agency in the UK, revealed in December 2023, that the UK experienced a significant surge in 5G implementation, totaling over 18,500 across approximately 81,000 sites, a significant rise from around 12,000 deployments in 2022. Therefore, the escalating need for high-velocity internet connection is fueling the expansion of the 5G devices market.
Which Firms Dominate The Fifth Generation (5G) Devices Market Segments?
Major companies operating in the fifth generation (5G) devices market are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Sony Corporation, Lenovo Group Limited, LG Electronics Inc., Panasonic Corporation, Qualcomm Incorporated, Ericsson, Nokia Corporation, TCL North-America, ASUSTeK Computer Inc., Oppo Mobile Telecommunications Corp. Ltd., Motorola Solution, Lava International, OnePlus Technology Co. Ltd., VVDN Technologies, Vivo Mobile Communication Co. Ltd, HP Development Company L.P., Realme, HMD Global
What Trends Are Expected to Dominate the Fifth Generation (5G) Devices Market in the Next 5 Years?
Firms that dominate the 5G device market are concentrating on the creation of sophisticated products like advanced 5G devices and CPE lineup to bolster network connectivity and elevate data transmission speeds. The cutting-edge 5G devices and customer premises equipment (CPE) are the next-gen connectivity tools engineered for high-speed, near zero latency wireless communication, thereby providing uninterrupted internet platform for individuals and businesses. For instance, Global Telecom Engineering, a technological enterprise based in the US, debuted the Titan5000, Titan5100, and Titan5400, advanced 5G devices and CPE in October 2024. With coverage of up to 1 mile, the Titan5000 is a 5G NR NSA/SA Sub-6GHz indoor router, while the Titan5100 is a 5G NSA/SA Sub-6GHz PoE CPE that is designed for flexible mounting and offers coverage of up to 5 miles. The Titan5400, a 5G PoE NSA/SA NR Sub-6GHz outdoor data unit, can reach up to 10 miles and meets both residential and commercial connectivity needs.
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Which Is The Largest Region In The Fifth Generation (5G) Devices Market?
Asia-Pacific was the largest region in the 5G devices market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the fifth generation (5G) devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Fifth Generation (5G) Devices Market?
2. What is the CAGR expected in the Fifth Generation (5G) Devices Market?
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4. Which Region Is Leading the Fifth Generation (5G) Devices Market?
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