5G Equipment Market Value By Type (SDN, NFV, MEC, FC), By Application (Automotive, Consumer Electronics, Commercial, Industrial), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Industry Analysis, Share & Forecast, 2023 - 2032

Market Overview:

5G Equipment Market size exceeded USD 4.2 Billion in 2022 and is expected to showcase a CAGR of over 54.9% from 2023 to 2032. By the end of the forecast period, the market is slated to reach a valuation of around USD 328.7 Billion.

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5G equipment refers to the hardware and software components required to deploy and operate a 5G network. 5G stands for fifth-generation cellular network technology, which promises to deliver faster internet speeds, lower latency, and greater connectivity than previous generations of cellular networks. One of the key features of 5G technology is its use of high-frequency radio waves, known as millimeter waves, which allow for greater data transfer speeds and lower latency. 

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However, these waves have relatively shorter ranges and are easily blocked by obstacles like trees and buildings. To overcome this, 5G networks require a dense network of small cells, which are small base stations that can be installed on streetlights, utility poles, and buildings. Overall, 5G equipment is a critical component of the emerging 5G ecosystem, which promises to transform how we use and interact with technology. From autonomous vehicles to smart cities, 5G is expected to power the next wave of innovation and connectivity.

Growth Factors: 

Increased demand for high-speed internet: With the rise of streaming services, online gaming, and other data-intensive applications, consumers and businesses alike are demanding faster internet speeds. 5G technology promises to deliver internet speeds up to 100 times faster than 4G, making it a highly attractive option for those seeking faster internet connectivity. 

IoT and smart devices: The growth of the Internet of Things (IoT) and smart devices has created a need for faster and more reliable connectivity. 5G technology is well-suited to meet this need, as it offers lower latency and greater bandwidth than previous generations of cellular networks. 

Emerging technologies: 5G technologies is expected to play a key role in the growth of emerging technologies such as virtual and augmented reality, autonomous vehicles, and telemedicine. These technologies require high-speed, low-latency connectivity, which 5G is well-equipped to provide. 

Government support: Governments around the world are investing heavily in 5G technology, as they see it as a key driver of economic growth and competitiveness. This has led to significant funding for research and development, as well as initiatives aimed at promoting the deployment of 5G networks.

By Type Synopsys:

SDN is one of the Prominent Segments in the Market:

SDN, or Software Defined Networking, is a critical component of overall 5G infrastructure that is primarily used to achieve increased flexibility and agility. Its primary function is to design network architecture that allows for the creation of multiple network hierarchies. SDN, in a nutshell, acts as a direct control that manages the entire network through its software entity known as the 'controller,' shifting the focus away from hardware-based operations. The higher cost of 5G hardware equipment is one of the primary reasons for the technology's adoption. As network architecture evolves, so does the demand for specific network equipment, raising overall operational costs.

Regional Overview:

North America is one of the key regions in the 5G equipment market, with the United States being the major contributor to the growth of the market. The increasing adoption of advanced technologies, such as IoT and AI, and the growing demand for high-speed internet connectivity are driving the growth of the 5G equipment market in North America.

Asia Pacific is one of the largest markets for 5G equipment, with China being the major contributor to the growth of the market. The region has witnessed significant investments in the development of 5G infrastructure, and the growing demand for high-speed internet and advanced technologies, such as IoT and AI, are driving the growth of the 5G equipment market in Asia Pacific.

Key Development:

• In April 2020 – Anritsu Corporation has announced the adoption of its 5G new radio RF conformance testing system by the Telecom Engineering Center. This system will allow the certification of 5G technology compliance with Radio Law regulations.
   
• In March 2020 – Rohde & Schwarz GmbH has announced the availability of a new 5G base station testing solution, as well as antenna array and amplifier testing. It will provide cross-channel measurement as well as speed-optimized testing.

Top companies includes in the global 5G equipment market:

• Alpha Networks Inc.
• Altiostar
• Analog Devices Inc.
• Cisco Systems Inc.
• Comba Telecom Systems Holdings Ltd.
• CommScope Holding Co. Inc.
• Fujitsu Ltd.
• Huawei Technologies Co. Ltd.
• Infinite Electronics Inc.
• Laird Connectivity
• Mavenir Systems Inc.
• NEC Corp.
• Nokia Corp.
• Qorvo Inc.
• Qualcomm Inc.

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In-depth analysis of 5G equipment market along with industry coverage and forecasting for the following segments:

Market Value, By Type

• NFV
• SDN
• MEC
• FC

Market Value, By Application

• Automotive
• Commercial
• Consumer Electronics
• Industrial
• Others

Market Value, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America