5G Network Equipment Market Anticipated to Hit USD 101,824.3 Million by 2032: Persistence Market Research

Overview of the Market

The global 5G network equipment market is set to experience exponential growth, with its size projected to rise from US$ 26,370.5 million in 2025 to US$ 101,824.3 million by 2032, reflecting a robust CAGR of 21.3% during the forecast period. The increasing need for ultra-fast wireless communication, low latency, and high network efficiency is driving the demand for 5G network infrastructure worldwide. Mobile operators and enterprises are rapidly upgrading their networks to support enhanced mobile broadband, Internet of Things (IoT) applications, and smart city deployments.

Among the market segments, radio access networks (RAN) are leading due to their critical role in network performance, while North America stands out as the leading geographical region. This dominance is attributed to early adoption of 5G, extensive infrastructure investments, and supportive regulatory frameworks. The growing proliferation of cloud-native 5G cores and edge computing further strengthens the market's expansion by enabling flexible and scalable network deployment strategies for operators.

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Key Highlights from the Report

The global 5G network equipment market is projected to register a CAGR of 21.3% from 2025 to 2032.

Radio Access Networks (RAN) are expected to remain the leading product segment.

North America is the fastest-growing and dominant regional market.

Increasing adoption of IoT and smart devices drives market growth.

Cloud-native 5G cores enhance network efficiency and scalability.

The market is fueled by rising demand for low-latency applications in industrial and enterprise sectors.

Market Segmentation

The 5G network equipment market can be segmented based on product type, including radio access networks (RAN), core networks, small cells, and antennas. Among these, RAN holds a major share due to its central role in establishing high-speed connectivity and network coverage. Core network solutions, including cloud-native cores, are witnessing significant adoption as they allow operators to deploy virtualized networks with lower operational costs and improved flexibility.

By end-user, the market spans telecom operators, enterprises, government & defense, and industrial applications. Telecom operators dominate the market due to their investments in nationwide 5G deployments, while enterprise adoption is increasing to enable private 5G networks for automation, logistics, and IoT-based operations. Industrial sectors such as manufacturing and healthcare are emerging as significant end-users, leveraging 5G for smart factories, telemedicine, and real-time monitoring solutions.

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Regional Insights

North America continues to lead the global 5G network equipment market, supported by early technology adoption, favorable regulatory frameworks, and significant infrastructure investments. The U.S., in particular, is driving the region's growth through nationwide 5G rollouts and collaborations with leading equipment vendors.

Asia-Pacific is expected to witness rapid growth due to the presence of major network equipment manufacturers, rising smartphone penetration, and government-led 5G initiatives. Countries like China, South Korea, and Japan are investing heavily in 5G infrastructure to support smart cities, industrial IoT, and next-generation mobile applications.

Market Drivers

The primary growth drivers of the 5G network equipment market include increasing demand for high-speed wireless communication, rising smartphone and IoT device penetration, and the global push for smart cities and Industry 4.0 adoption. Network operators are also investing in cloud-native 5G cores and edge computing to enhance network agility, reduce operational costs, and improve service delivery.

Market Restraints

Despite rapid growth, the market faces challenges such as high infrastructure deployment costs, spectrum allocation issues, and stringent regulatory compliance requirements. Additionally, the complexity of integrating 5G with existing 4G networks and cybersecurity concerns may slow adoption in certain regions.

Market Opportunities

The market presents ample opportunities in private 5G networks for enterprises, industrial automation, and emerging applications like augmented reality (AR), virtual reality (VR), and autonomous vehicles. Cloud-based 5G cores and network slicing technologies are opening new revenue streams for operators and equipment providers by enabling customized services for different industry verticals.

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Reasons to Buy the Report

✔ Comprehensive analysis of market size, trends, and growth projections.
✔ Detailed segmentation based on product type, end-user, and geography.
✔ Insights into key drivers, restraints, and market opportunities.
✔ Strategic profiles of leading players and their recent developments.
✔ Forecasting to 2032 to support long-term business planning and investment.

Frequently Asked Questions (FAQs)

How Big is the 5G Network Equipment Market?
Who are the Key Players in the Global 5G Network Equipment Market?
What is the Projected Growth Rate of the Market?
What is the Market Forecast for 2032?
Which Region is Estimated to Dominate the Industry through the Forecast Period?

Company Insights

Key players operating in the global 5G network equipment market include:

Huawei Technologies Co., Ltd.

Ericsson AB

Nokia Corporation

Samsung Electronics Co., Ltd.

ZTE Corporation

Recent Developments:

Ericsson announced its latest 5G RAN solutions to enhance network coverage and capacity in North America.

Nokia partnered with multiple telecom operators in Asia-Pacific to accelerate private 5G network deployment for industrial applications.

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