The Growth of the 5G Infrastructure Market in North America

By 2027, the 5G Infrastructure Market is expected to reach USD 47.78 billion, growing at a CAGR of 67.1%. The use of virtual networking architecture in telecommunications and lower latency in 5G are driving the market growth. The rise of IoT technology and demand from many business verticals have provided substantial potential for the 5G Infrastructure market, which are highlighted in the report. The market is divided into segments based on operational frequency (sub 6GHz & above 6GHz), end-users, region, core network (SDN & NFV), network architecture (standalone & non-standalone), and communication infrastructure (small cells & macro cells). Because of the region's adoption of cutting-edge technologies, increased demand for high-speed internet services, and expanding expenditures in 5G infrastructure, the Asia Pacific region is expected to dominate the market throughout the projection period. 

By Communication infrastructure, macro cell segment is projected to grow at higher rate in the market during the forecast period

During the forecast period, it is anticipated that the macro cell segment of the communication infrastructure market would expand more quickly than the small cell segment. With more than 2,000 users, macro cells can reach a distance of up to 30 kilometres while producing a high level of efficiency. As it will play a key part in cutting-edge technologies like IoT and M2M, as well as other areas like smart cities and industrial automation, the manufacturing industry in the Asia Pacific region is considered as having a significant income potential for 5G. As a result, it is anticipated that the Asia Pacific region will have the fastest-growing macro cell market.

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By Operational Frequency, above 6 GHz frequency is stipulated to witness high growth rate

In the 5G Infrastructure industry, a strong growth rate is anticipated for the frequency range over 6 GHz. In order to support spectrum harmonisation and reduce handset complexity, as well as to enable economies of scale and early equipment availability, frequencies like the 26 GHz and 28 GHz bands have gained popularity. The availability of harmonised 5G spectrum in these bands is crucial for enabling fast 5G speeds, affordable devices, international roaming, and reduced cross-border interference. Governments and regulators must acknowledge the potential of 5G for new mobile bands above 24 GHz. The fast growth rate of 5G infrastructure above 6 GHz in the Asia Pacific is due to network operators like SK Telecom and China Mobile that have already tested 5G at frequencies above 6 GHz and are projected to commercialise by the end of 2019.

Asia Pacific region is expected to hold the largest share of the market by 2027

By 2027, the Asia Pacific region is anticipated to hold the biggest market share for 5G infrastructure. Leading technological inventors and adopters in the region are China, South Korea, and Japan. Due to the presence of numerous influential companies in the area, including Huawei, Samsung Electronics, ZTE, and China Mobile, the market there is expanding. Significant prospects for the 5G infrastructure market are presented by the growth of smart cities in the Asia Pacific region. The implementation of smart city initiatives has either begun or is planned in a number of the region's countries. The region's largest market for the creation of smart cities is China in particular. All of these elements are anticipated to fuel market expansion in the Asia Pacific region.

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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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