5G Base Station Market 2020: Company Profiles, Market Segments, Landscape, Demand and Forecast – 2027
Market
Overview
5G, the 5th generation of mobile networks, is a
significant evolution of today’s 4G LTE networks. 5G networks are being
designed to meet the very large growth in data and connectivity across the
globe in today’s modern society, with rising applications on the Internet of
Things (IoT) and future technological innovations. 5G technology is expected to
provide high-speed Internet services, low latency, and connectivity to enable a
new generation of applications, services, and business opportunities that have
not been seen before.
The increasing demand for high-speed data
connectivity with low latency and with the Internet of things (IoT) on the rise
with the increasing number of connected devices have been the major factor that
drives the growth in the global 5G base station market. However, various
governments across the globe have implemented strict regulations related to
network radiations caused by the 5G infrastructure, which is hampering the
growth of the market. Future technological advancements due to 5G networks are
expected to provide huge opportunities for the growth of 5G base stations.
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Regional Analysis
The global 5G base station market size is expected to
register an exponential CAGR of 37.6% valued at USD 6,187.8 million in 2020.
The geographic analysis of the market has been conducted for North America,
Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is the most
significant revenue contributor to the global 5G base station infrastructures in
terms of research & development in 5G technology, network design/
deployment, and the presence of key market players. The region is well known
for its high adoption rate of new advanced technologies, including the Internet
of Things (IoT), wearable technology, autonomous cars/ connected cars. A
reliable and fast connectivity required for these technologies is expected to
be addressed by 5G. In North America, with 5G expected to deliver many years of
value to consumers and enterprises in the foreseeable future, various projects
such as ‘Next G’ activities are primarily centered around academia with
additional efforts from agencies of the US government and SDOs (Standard
Developing Organizations). These entities, through public-private partnerships,
are actively engaging in scientific and applied research in emerging
technologies. Therefore, North America is expected to maintain its leadership
in new technologies that will underpin 5G technology. North American market has
been segmented into the US, Canada, and Mexico. The US is expected to lead the
country-level market, while Canada is projected to be the fastest-growing
segment during the forecast period. The US market is expected to report the
highest market share, owing to the technological leaders in the market are
already developing applications to take advantage of breakthroughs in 5G
technology, justifying support for digital transformation research and
development, smart-city testing, smart manufacturing and agriculture, and
widespread government-agency adoption of 5G and 5G applications. Additionally,
the North American market for 5G base station is expected to grow further due
to presence of key players in the region such as Intel Corporation (US),
Qualcomm Technologies Inc. (US), Ceragon (US), Airspan Networks (US),
CommScope, Inc. (US), Qorvo, Inc (US), Cisco Systems, Inc. (US), and Microsemi
(US). These players are competing to deliver with advanced 5G base station that
are future ready, capable of connecting millions of devices, enhanced network coverage,
low latency, end-to-end solutions, bring new revenue streams for operators,
among others.
For the purpose of
analysis, the European market has been divided into the UK, Germany, France,
and the rest of Europe. In terms of market size, Europe is expected to be the
second-largest region globally to adopt 5G base station that strictly comply
with the Telecommunications Single Market (TSM) Regulation by European Union.
The UK is projected to be the leading country-level market owing to higher
adoption from various end-use verticals including manufacturing.
Asia-Pacific region is
projected to grow at the fastest rate over the forecast period, with the
regional market being segmented into China, Japan, India, and the rest of
Asia-Pacific. This growth is attributed to the rapid adoption of 5G technology
since 2019, investments from government-allied entities and features a strongly
guided industrial policy, economic developments, expanding telecom industry,
increasing cellular subscriber base, rise in use of smartphones, rapid
development across OTT platforms, and digital innovation in major countries
including China, Japan, India, Singapore, Malaysia, Australia, among others.
The market in the Middle
East & Africa and South America is expected to register robust growth
during the forecast period. The demand is contributed by the industrialization
and digital transformation across the industry is expected to continue adoption
of 5G base station over the forecast period.
Key Players
According to MRFR analysis, SAMSUNG (South Korea), Huawei
Technologies Co., Ltd. (China), Telefonaktiebolaget LM Ericsson (Sweden), Intel
Corporation (US), Nokia (Finland), Qualcomm Technologies Inc. (US), ZTE
Corporation (China), NEC Corporation (Japan), Ceragon (US), Airspan Networks
(US), CommScope, Inc. (US), Marvell (China), Qorvo, Inc (US), Cisco Systems,
Inc. (US), and Microsemi (US). The key strategies adopted by most of the
players are partnerships, agreements, product developments, and collaborations.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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