Growing penetration M2M/IoT connections and surge in demand for mobile broadband services drive the global 5G infrastructure market. However, huge initial investment, implementation challenges regarding technology & infrastructure, an increase in security and privacy concerns limit market growth. On the other hand, an increase in government initiatives for building smart cities in emerging economies creates new pathways in the industry.
The global 5G infrastructure market was valued at $371.4 million in 2017 and is projected to reach $58,174.6 million by 2025, growing at a CAGR of 95.8% from 2018 to 2025. 5G speed assures 10 times more connectivity than wireless speeds, which is expected to create seamless connectivity and eliminate latency. This technology is anticipated to foster technologies such as an autonomous vehicle, virtual reality, and smart infrastructures.
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Small cell segment to maintain its dominance by 2025
Based on communication infrastructure, the small cell segment contributed nearly two-fifths of the total market share in 2017 and will maintain its dominance by 2025. This is due to a surge in demand for mobile broadband service and its ability to efficiently offer high-speed broadband. However, the radio access network segment would grow at the highest CAGR of 108.0% during the forecast period, 2018–2025, owing to its evolution and support for multiple-input, multiple-output (MIMO) antennas, multi-band carrier aggregation, large spectrum bandwidths, and Distributed Antenna System.
ASIC to maintain its leadership status during the forecast period
Based on chipset type, ASIC held the major share in 2017, accounting for nearly half of the total market share and is expected to maintain its leadership status by 2025. This is due to an increase in demand for custom chips. On the other hand, FPGA is expected to register the highest growth rate with a CAGR of 109.6% from 2018 to 2025, owing to its reprogramming characteristics that led to wide adoption.
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Asia-Pacific to maintain its dominant position by 2025
According to report Asia-Pacific accounted for more than one-third of the total share in 2017 and will maintain its dominant position by 2025, owing to the huge adoption of smart technologies in the region. However, LAMEA is expected to grow at the highest rate, with a CAGR of 119.4% from 2018 to 2025, owing to the high rate of adoption of advanced systems and solutions in different industry verticals in the region.
Leading market players
Leading market players analyzed in the report include AT&T, Huawei Technologies Co., Ltd., Ericsson, Intel Corporation, Hewlett Packard Enterprise (HPE), Nokia Corporation, Mediatek Inc., Samsung Electronics Co. Ltd., Qualcomm Technologies, Inc., and Verizon.
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