5G Infrastructure Market estimated to reach $41.87 billion by 2027

The report "5G Infrastructure Market by Communication Infrastructure (Small Cell, RAN, Macro Cell), Network Technology (SDN, NFV, MEC, FC), Chipset Type (ASIC, RFIC), Application (Automotive, Consumer Electronics, Retail), and Geography - Global Forecast to 2027" The 5G infrastructure market is estimated to be valued at USD 2.86 billion in 2020 and it is further projected to reach USD 41.87 billion by 2027, at a CAGR of 46.7% between 2020 and 2027. The major factors driving the growth of the 5G infrastructure market include increasing demand for mobile data services, rising importance of software implementation in communication network, growth of machine-to-machine (M2M) communication in industries, and growing demand for high speed and large network coverage.

Consumer electronics expected to hold the largest share of the 5G infrastructure market

The growth of the market is attributed to the proliferation of 5G-enabled consumer electronics devices in the market. For instance, after the commercialization of 5G network connectivity, it is expected that there will be a high demand for 5G-enabled smartphones with high-speed Internet connectivity. This is one of the main drivers for consumer electronics application. This is one of the main drivers for consumer electronics application and hence estimated to hold the largest market share in 2020.

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Small cells are expected to hold the largest share of the 5G infrastructure market in 2020

Small cells are low-powered radio access nodes that operate in the licensed and unlicensed spectrum and can provide a coverage up to 2 km. The larger market share of small cell is attributed to the large-scale deployment of small cells by communication and mobile operators. In recent times, the mobile and communication network operators are facing imminent challenges such as growth in the levels of data traffic and signaling on communication network, rise in user expectations of quality of services, need to support variety of data traffic (includes data, audio, and video) with high speed and reliability, and most importantly to improve capacity and coverage to target new revenue opportunities. To address these needs, operators are developing and deploying small cells at a faster pace and on large scale.

Network function virtualization to exhibit the highest growth throughout the forecast period

Network function virtualization (NFV) is the new advanced network technology wherein virtualized network services are being carried out in lieu of proprietary, dedicated or application-specific hardware such as switches, servers, and routers. The NFV promises to ease the load by granting service providers the flexibility to move network functions from dedicated appliances to generic servers. Using standard IT virtualization technology, NFV focuses to combine many network equipment onto a standard, high-volume servers, switches, and storage; thereby making the networks more agile and efficient.

The market for industrial automation expected to grow at a high rate between 2020 and 2027

This is because of the growing demand for process automation in various industries such as manufacturing and process industries. To carry out various processes effectively in these industries, the flow of data and information at right time and place is crucial. With the implementation of 5G network, a strong data network, in terms of high speed with the minimal delay, can be easily achieved.

North America expected to hold the largest share of the 5G infrastructure market in 2020

The growth of the market is attributed to various factors such as increasing automation in different industries, rising number of subscribers owning more than one connected device, advanced technologies such as Internet of Things (IoT), high growth rate of connected/autonomous cars, increase in cellular M2M connections, high demand for on-demand video services, and growing trends of smart cities. In these applications, 5G network connectivity will be critical to carry out different tasks such as data transfer, data process, and communication. Thus, the growth of these applications in North America is the major driving factor for the growth of the 5G infrastructure market.

Some of the key players in the 5G infrastructure market are Qualcomm (US), Intel (US), Ericsson (Sweden), Samsung (South Korea), NEC (Japan), Qorvo (US), AT&T (US), Huawei (China), Nokia (Finland), MediaTek (Taiwan), Cisco (US), Cavium (US), Analog Devices (US), Verizon Communications (US), SK Telecom (South Korea), T-Mobile (US), ZTE (China), Korea Telecom (South Korea), China Mobile (China), and MACOM Technology Solutions (US).

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