5G Devices Market Set for Explosive Growth at 74.96% CAGR Through 2031, Led by North America's Dominant Share in 2025 | DataM Intelligence

The Global 5G Devices Market is expected to grow at a CAGR of 74.96% during the forecast period (2024-2031).

Market growth is driven by surging demand for high-speed connectivity in smartphones, IoT devices, and consumer electronics, alongside rapid 5G network deployments worldwide. Advancements in chipset technology, expanding applications in AR/VR, autonomous vehicles, and smart cities, coupled with increasing investments by telecom giants and governments in 5G infrastructure, are further accelerating market expansion.

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United States: Key Industry Developments
✅ December 2025: Qualcomm launched the Snapdragon X80 5G modem in the US, enhancing AI-driven connectivity for premium smartphones and laptops with improved power efficiency and satellite support for broader 5G coverage.

✅ November 2025: Apple released the iPhone 17 series with advanced 5G mmWave capabilities, boosting download speeds up to 10 Gbps and integrating satellite emergency features for US consumers.

✅ October 2025: Verizon and Samsung unveiled the Galaxy S25 Ultra optimized for US 5G networks, featuring next-gen AI processing and ultra-low latency for gaming and AR applications.

Asia Pacific / Japan: Key Industry Developments
✅ November 2025: Rakuten Mobile expanded its 5G lineup in Japan with Google Pixel 9a smartphones, offering affordable sub-6GHz and mmWave support to accelerate consumer adoption nationwide.

✅ October 2025: Sony introduced 5G portable data transmitters in Japan for industrial use, leveraging local 5G bands for broadcast and manufacturing with high-speed, low-latency performance.

✅ September 2025: SK Telecom in South Korea launched standalone 5G devices for enterprise IoT, supported by government subsidies, enhancing smart factory connectivity across Asia Pacific.

Key Mergers and Acquisitions:
✅ Major telecom operators expanded their 5G infrastructure dominance through strategic acquisitions of network equipment providers, enhancing spectrum holdings and deployment speeds in key global markets.

✅ Leading device manufacturers consolidated positions via high-value purchases of chip designers and IoT specialists, accelerating 5G-enabled product innovation and supply chain resilience.

✅ Equipment vendors pursued aggressive M&A in optical and edge computing technologies, bolstering private 5G capabilities for enterprise applications amid rising demand for low-latency networks.

Market Segmentation Analysis:
-By Network Type: Mid-Band 5G Leads with Balanced Performance
Mid-Band 5G holds the largest share at 55% in 2025, offering optimal speed-coverage balance for urban and suburban deployments, driving consumer adoption in smartphones and IoT.
Low Band 5G captures 30%, valued for wide coverage and penetration in rural areas despite lower speeds, suiting basic connectivity needs.
mmWave High Band 5G accounts for 15%, enabling ultra-high speeds in dense urban hotspots but limited by short range and high costs.

-By Devices: Smartphones Dominate Consumer Demand
Smartphones command 65% market share, fueled by high demand for fast internet, gaming, and AR/VR features globally.
Routers and Mobile Wi-Fis take 15%, supporting home and portable broadband in FWA applications.
Modules, Accessories, Mate Pads, and Others split 20%, with modules powering IoT and industrial uses amid enterprise growth.

-By End User: Manufacturing Drives Industrial Adoption
Manufacturing leads at 25% share, leveraging low-latency 5G for automation, robotics, and smart factories.
Consumer-facing sectors like Media/Entertainment and Retail follow at 20% each, boosted by streaming and edge computing.
Healthcare, Energy/Utilities, Agriculture, Financial Services, and Others share 35%, with healthcare rising via telemedicine and agriculture via precision farming.

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Why is the 5G Devices Market Growing?
The rapid expansion of the 5G Devices market in 2026 stems from widespread network deployments and rising consumer needs for high-speed connectivity.

-Surging Smartphone Adoption
Consumers increasingly demand 5G-enabled smartphones for ultra-high bandwidth and low-latency features like gaming and video streaming.
The smartphone segment leads with a projected CAGR over 70%, driven by premium devices from major manufacturers.

-IoT and Smart Device Boom
Integration of 5G in IoT applications, such as smart homes, energy management, and wearables, fuels massive device connections.
Demand for reliable, high-speed data supports industrial IoT growth in manufacturing and healthcare.

-Global Network Rollouts
Rapid 5G infrastructure expansion by telecom operators worldwide, including in China and India, accelerates compatible device sales.
Government initiatives for digital transformation and smart cities boost adoption in key regions.

-Enterprise and Industrial Applications
5G enables advanced use cases in manufacturing, autonomous vehicles, and AR/VR, driving demand for specialized devices.
Technological maturity lowers costs, making 5G devices accessible for enterprise scalability.

Regional Insights:
-North America leads the 5G devices market with the largest share in 2025, driven by advanced infrastructure, heavy investments from telecom operators, and high consumer adoption of 5G-enabled smartphones and IoT devices. The region generated USD 52.7 billion in revenue in 2024, with projections for rapid growth at a 38% CAGR through 2030, fueled by U.S. dominance and demand for low-latency applications.

-Asia Pacific follows as the fastest-growing region, expected to register the highest CAGR over 2025-2030 due to massive network expansions in China, India, and South Korea, alongside surging shipments of affordable 5G devices.

-Europe secures a notable but smaller share, supported by steady infrastructure rollouts and regulatory pushes for connectivity, though it trails North America and Asia Pacific in overall market penetration.

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Key Players:
AT&T | Cisco | Ericsson | Huawei | LG | NEC Corporation | Nokia | Orange | Qualcomm | Samsung | Verizon | ZTE

Key Highlights (Top 5 Key Players) for 5G Devices Market:
-Ericsson develops and commercializes 5G radio access network infrastructure, including massive MIMO, beamforming technologies, and standalone 5G devices that achieved peak speeds over 5Gbps in partnerships with operators like Verizon and Telstra.​

-Qualcomm designs 5G chipsets and modems like Snapdragon series, enabling interoperability across multi-band 5G NR in smartphones, IoT devices, and extended-range mmWave connectivity for consumer electronics.​

-Samsung manufactures 5G-enabled smartphones, network equipment, and modules, contributing to end-to-end infrastructure for consumer electronics, automotive, and industrial applications with high-speed dual connectivity.​

-Huawei supplies comprehensive 5G devices, base stations, and core network solutions, leading in patent contributions for 5G standards and deployments in telecommunications and smart city ecosystems.​

-Nokia provides 5G device-compatible RAN hardware, including airscale radios and cloud-native solutions, supporting massive IoT connectivity and low-latency applications for industrial automation and healthcare.​

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