5G Infrastructure Market Recent Trends, In-depth Analysis, Opportunities, Landscape and Forecast to 2027
By 2027, the 5G Infrastructure Market is anticipated to rise from USD 784 million in 2019 to USD 47,775 million, expanding at a CAGR of 67.1%.
The increasing use of virtual networking architecture in telecommunications and decreased latency in 5G are driving the growth of the 5G Infrastructure Market. Global market prospects for 5G Infrastructure are being created by the development of IoT technology and demand from various industry verticals.
The use of virtual networking architecture in communications is expanding
In the current situation, networks are set up using a variety of gear created for specialised applications. Such bespoke hardware is expensive to handle and maintain and unable to scale up. The life cycle of such application-specific hardware is constrained by technical improvements. Given that it is anticipated that millions of devices will connect to the 5G infrastructure in order to communicate with one another, it is essential to create a network architecture that can provide flexibility and scale-up choices. Given this, there is a great need for adaptable networks that can be readily modified and created to meet specifications. Software network technologies like software-defined networking (SDN) and network functions virtualization (NFV) can be used to accomplish this. SDN and NFV divide network architectures into virtual pieces to enable network flexibility.
IoT technology development will open up new options for 5G infrastructure.
The Internet of Things (IoT), which connects all kinds of devices, appliances, systems, and services, is one of the factors revolutionising numerous sectors. Its widespread use and ongoing improvements. IoT is one of the use cases that a 5G network will serve; for example, it makes it possible for a lot of sensors and linked devices to communicate with one another. Low-power, long-range, high-power, and low-latency IoT applications (such as mobile video surveillance) might all have different needs.
According to communication infrastructure, the market for macro cells is anticipated to expand more quickly during the projection period.
It is anticipated that the macro cell segment will expand more quickly than its counterpart. Macro cells offer a broad covering area and great production efficiency. These cells are installed in stations with higher output power, often in the tens of watts range. With over 2,000 users, macro cells can reach up to 30 kilometres in distance. Operators in the Asia Pacific region claim that the manufacturing industry has the highest revenue potential for 5G due to its essential role in cutting-edge technologies like the Internet of Things (IoT) and machine-to-machine communication (M2M), as well as various industries like smart cities and industrial automation. As a result, macro cell sales are expanding most quickly in APAC.
According to Operational Frequency, frequencies over 6 GHz are expected to experience rapid increase.
Frequencies like the 26 GHz and 28 GHz bands have a lot of momentum above 6 GHz. Due to their close proximity, they frequently support spectrum harmonisation, which lowers handset complexity, scale economies, and early equipment availability. Realizing the potential of 5G for new mobile bands above 24 GHz is a responsibility for governments and regulators. Fast 5G speeds, affordable devices, global roaming, and the reduction of cross-border interference all depend on a significant amount of standardised 5G spectrum being available in these bands.
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Network providers including SK Telecom and China Mobile tested 5G at a frequency over 6 GHz since a spectrum above 6 GHz is needed to supply ultra-high-speed mobile broadband, and commercial 5G service is anticipated by the end of 2019. As a result, in the upcoming years, Asia Pacific is anticipated to experience the fastest increase in 5G infrastructure above 6 GHz.
By 2027, the Asia Pacific region is anticipated to have the biggest market share.
Throughout the projection period, the Asia Pacific region is anticipated to account for the biggest market share for 5G infrastructure. The top three industrialised nations for technological innovation and adoption are China, South Korea, and Japan. The majority of the key firms, including Huawei (China), Samsung Electronics (South Korea), ZTE (China), and China Mobile (China), which support market expansion, are concentrated in this area. The market for 5G infrastructure in Asia Pacific has great potential for the growth of smart cities. Numerous Asian nations are either in the planning stages of implementing smart city initiatives or have already begun doing so. China is Asia Pacific's largest market for the creation of smart cities. These elements significantly contribute to the market expansion in the Asia Pacific region.
Key Players in the Market
The key players operating in the 5G infrastructure Market are Ericsson (Sweden), Huawei (China), Nokia Networks (Finland), Samsung Electronics (South Korea), ZTE (China) among others.
In October 2022, Nokia (Finland) announced that it has been selected as a major supplier by Reliance Jio (India) to supply 5G Radio Access Network (RAN) equipment from its comprehensive AirScale portfolio countrywide in a multi-year deal. Under the contract, Nokia will supply equipment from its AirScale portfolio, including base stations, high-capacity 5G Massive MIMO antennas, and Remote Radio Heads (RRH) to support different spectrum bands, and self-organizing network software. Reliance Jio plans to deploy a 5G standalone network which will interwork with its 4G network.
In August 2022, Nokia (Finland) announced that it has secured a deal with leading telecom operator Bharti Airtel, for 5G radio access network (RAN) deployment. This multi-year deal follows the recently concluded 5G spectrum auctions and allocation of pan-India spectrum to Bharti Airtel, supporting their ambition to take India into the 5G era.
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