The 5G market is expected to grow from USD 15.03 billion in 2024 to USD 229.41 billion by 2032, reflecting a compound annual growth rate (CAGR) of 40.60% during the forecast period (2024–2032). In 2023, the market was valued at USD 10.18 billion.
Key drivers of this growth include rising demand for high-speed data transmission, low-latency networks, and the proliferation of connected devices. Additionally, the expansion of cloud-based applications is accelerating the need for advanced network technologies, further fueling market growth.
Rising Adoption of 5G-Enabled Smartphones Fuels Market Growth
The growing number of 5G-enabled smartphones is a major driver of market expansion. According to industry reports, over 650 models of 5G smartphones have been released, accounting for 50% of all 5G devices by form factor. In 2021 alone, global shipments of 5G devices surpassed 615 million units—more than double the figure from the previous year.
Advancements in smartphone technology, such as standalone (SA) 5G capabilities and features like 3CC New Radio (NR) carrier aggregation, are also gaining momentum. Smartphone shipments globally increased by 6% in 2021 compared to 2020, further highlighting rising consumer demand.
Importantly, a broader range of 5G smartphones is now available in mid-tier price segments, making them more accessible to a wider demographic. As affordability improves and access to 5G networks expands, the adoption of 5G smartphones is expected to continue driving growth across the 5G market.
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK SOLUTION
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 5G MARKET, BY SEGMENTS
6.1 INTRODUCTION
6.2 MARKET STATISTICS
6.2.1 BY COMPONENT
6.2.1.1 PHANTOM CELL
6.2.1.2 ACCESS/BACKHAUL INTEGRATION
6.2.1.3 DEVICE-TO-DEVICE COMMUNICATION
6.2.1.4 FLEXIBLE DUPLEX COMMUNICATION
6.2.1 BY APPLICATION
6.2.3.1 CONSUMER ELECTRONICS
6.2.3.2 AUTOMOTIVE
6.2.3.3 RETAIL
6.2.3.4 HOME AUTOMATION
6.2.3.5 ENERGY
6.2.3.6 HEALTHCARE
6.2.3.7 UTILITY
6.2.3.8 OTHERS
6.2.5 BY GEOGRAPHY
6.2.5.1 NORTH AMERICA
6.2.5.2 EUROPE
6.2.5.3 ASIA-PACIFIC
6.2.5.4 REST OF THE WORLD
7 COMPETITIVE ANALYSIS
7.1 MARKET SHARE ANALYSIS
7.2 COMPANY PROFILES
7.2.1 VERIZON WIRELESS (U.S.),
7.2.2 AT&T INC. (U.S.)
7.2.3 LM ERICSSON (SWEDEN),
7.2.4 ALCATEL-LUCENT (FRANCE),
7.2.5 CHINA MOBILE LTD. (CHINA),
7.2.6 HUAWEI TECHNOLOGIES CO. LTD. (CHINA),
7.2.7 NTT DOCOMO, INC. (JAPAN),
7.2.8 VODAFONE GROUP PLC (UK),
7.2.9 BHARTI AIRTEL LIMITED (INDIA)
7.2.10 OTHERS
LIST OF TABLES
TABLE 1 5G MARKET, BY COMPONENT
TABLE 2 5G MARKET, BY APPLICATION
TABLE 3 5G MARKET, BY REGIONS
TABLE 4 NORTH AMERICA 5G MARKET, BY COMPONENT
TABLE 5 NORTH AMERICA 5G MARKET, BY APPLICATION
TABLE 6 U.S. 5G MARKET, BY COMPONENT
TABLE 7 U.S. 5G MARKET, BY APPLICATION
TABLE 8 CANADA 5G MARKET, BY COMPONENT
TABLE 9 CANADA 5G MARKET, BY APPLICATION
TABLE 10 EUROPE 5G MARKET, BY COMPONENT
TABLE 11 EUROPE 5G MARKET, BY APPLICATION
TABLE 12 GERMANY 5G MARKET, BY COMPONENT
TABLE 13 GERMANY 5G MARKET, BY APPLICATION
TABLE 14 FRANCE 5G MARKET, BY COMPONENT
TABLE 15 FRANCE 5G MARKET, BY APPLICATION
TABLE 16 U.K. 5G MARKET, BY COMPONENT
TABLE 17 U.K. 5G MARKET, BY APPLICATION
TABLE 18 REST OF EUROPE 5G MARKET, BY COMPONENT
TABLE 19 REST OF EUROPE 5G MARKET, BY APPLICATION
TABLE 20 ASIA-PACIFIC 5G MARKET, BY COMPONENT
TABLE 21 ASIA-PACIFIC 5G MARKET, BY APPLICATION
TABLE 22 MIDDLE EAST & AFRICA 5G MARKET, BY COMPONENT
TABLE 23 MIDDLE EAST & AFRICA 5G MARKET, BY APPLICATION
LIST OF FIGURES
FIGURE 1 RESEARCH NETWORK SOLUTION
FIGURE 2 5G MARKET: BY COMPONENT (%)
FIGURE 3 5G MARKET: BY APPLICATION (%)
FIGURE 4 5G MARKET: BY REGION
FIGURE 5 NORTH AMERICA 5G MARKET, BY COMPONENT (%)
FIGURE 6 NORTH AMERICA 5G MARKET, BY APPLICATION (%)
FIGURE 7 EUROPE 5G MARKET, BY COMPONENT (%)
FIGURE 8 EUROPE 5G MARKET, BY APPLICATION (%)
FIGURE 9 ASIA-PACIFIC 5G MARKET, BY COMPONENT (%)
FIGURE 10 ASIA-PACIFIC 5G MARKET, BY APPLICATION (%)
FIGURE 11 ROW 5G MARKET, BY COMPONENT (%)
FIGURE 12 ROW 5G MARKET, BY APPLICATION (%) Source: https://www.marketresearchfuture.com/reports/5g-market/toc
