5G Equipment Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, UK, South Korea, Japan - Size and Forecast 2024-2028

5G Equipment Market Size 2024-2028

The 5g equipment market size is valued to increase by USD 146.95 billion, at a CAGR of 81.05% from 2023 to 2028. Adoption of 5G networks for smart cities will drive the 5g equipment market.

Major Market Trends & Insights

• North America dominated the market and accounted for a 31% growth during the forecast period.
• By Product - Macrocell segment was valued at USD 481.80 billion in 2022
• By End-user - Non-retail sector segment accounted for the largest market revenue share in 2022

Market Size & Forecast

• Market Opportunities: USD 20.00 million
• Market Future Opportunities: USD 146954.70 million
• CAGR from 2023 to 2028 : 81.05%

Market Summary

• The market is experiencing significant growth as the global shift towards advanced connectivity continues. Driven by the increasing demand for faster data transfer rates and lower latency, 5G services are being adopted at an unprecedented pace, particularly in sectors such as healthcare, transportation, and manufacturing. According to recent research, the energy efficiency of 5G small cells is a major challenge that requires attention. While 5G networks offer numerous benefits, the energy consumption of small cells can be a concern, especially in densely populated urban areas. To address this challenge, companies are investing heavily in research and development to improve the energy efficiency of 5G small cells.
• For instance, some are exploring the use of advanced technologies like artificial intelligence and machine learning to optimize power consumption. Others are focusing on the development of more energy-efficient components and materials. One real-world business scenario illustrates the importance of energy efficiency in 5G networks. A leading logistics company implemented a 5G-enabled supply chain optimization solution, which resulted in a significant reduction in operational costs and improved compliance with regulatory requirements. By deploying 5G equipments and small cells, the company was able to streamline its operations and enhance real-time communication between its warehouses and distribution centers. However, the energy consumption of the small cells was a concern.
• By investing in energy-efficient technologies, the company was able to reduce the energy consumption of its 5G network by 15%, leading to substantial cost savings and a more sustainable business model.

What will be the Size of the 5G Equipment Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the 5G Equipment Market Segmented ?

The 5g equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product
  • Macrocell
  • Small cell
  • Others
• End-user
  • Non-retail sector
  • Retail sector
• Geography
  • North America
    • US
  • Europe
    • UK
  • APAC
    • China
    • Japan
    • South Korea
  • Rest of World (ROW)

By Product Insights

The macrocell segment is estimated to witness significant growth during the forecast period.

Amidst the global urban expansion, the demand for extensive wireless connectivity is escalating, fueling the growth of the market. With the increasing preference for high-speed data services, macro cells, which are high-power network cells, are in high demand among telecommunications providers. These cells, typically used to create base stations, rely on clear surroundings for microcell antennas to function optimally. The market is characterized by continuous innovation, with advancements in technology such as massive MIMO antennas, software-defined networking, and latency reduction strategies. Network function virtualization, radio frequency transceivers, and virtualized RAN functions are integral to 5GNR specifications.

Interference mitigation methods, network slicing technology, and user equipment capabilities are also essential components. Millimeter wave spectrum, low latency communication, and modulation techniques facilitate high-frequency propagation. Radio resource management, baseband processing units, fiber optic connectivity, antenna array design, carrier aggregation technology, power consumption reduction, channel coding schemes, and power amplifier efficiency are crucial elements. Mobile edge computing, small cell deployments, spectrum licensing regulations, cell site infrastructure, and edge computing infrastructure are significant factors shaping the market. Beamforming techniques, backhaul network optimization, energy-efficient hardware, and other advancements contribute to the market's evolution.

Request Free Sample

The Macrocell segment was valued at USD 481.80 billion in 2018 and showed a gradual increase during the forecast period.

Request Free Sample

Regional Analysis

North America is estimated to contribute 31% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How 5G Equipment Market Demand is Rising in North America Request Free Sample

The market in North America, particularly in the US, is experiencing significant growth due to the increasing adoption of IoT technology in industrial applications. With higher data traffic and internet penetration rates compared to other regions, the US telecom sector is poised for substantial growth during the forecast period. According to recent statistics, there were approximately 310-315 million internet users in the US in 2023, representing a near-complete internet penetration rate of 91-92%.

The adoption of 5G technology is expected to enhance operational efficiency, reduce costs, and ensure compliance with evolving data security regulations. The US market for 5G equipment is anticipated to benefit significantly from these underlying dynamics.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The market is experiencing significant growth as global telecommunications companies invest in deploying next-generation networks. One key area of focus is the strategic deployment of 5G NR base stations, which require millimeter wave antenna beam management for optimal coverage and capacity. To enhance network efficiency, software-defined networking (SDN) is being adopted for 5G RAN, enabling advanced performance optimization techniques for the 5G core. Energy efficiency is another critical consideration in 5G, with small cell designs and virtualized radio access network architecture being prioritized to reduce power consumption. Advanced channel coding for 5G millimeter wave and interference mitigation techniques are essential for delivering high throughput data rates and reducing latency in dense 5G deployments. Power amplifier efficiency optimization and advanced antenna array configurations are crucial for maximizing network capacity and coverage. 5G baseband processing unit designs and OFDM signal processing algorithms are also being optimized to improve network performance. Carrier aggregation techniques and efficient radio resource management are key enablers for delivering superior network experiences. Fiber optic backhaul deployment solutions are being adopted to ensure the high-speed connectivity required for 5G. Network slicing is a critical use case for 5G, enabling the delivery of customized network services for IoT applications. Security is a top priority, with mobile edge computing infrastructure security and 5G security protocol implementations ensuring data privacy and network protection. Overall, the market is witnessing rapid innovation as companies strive to deliver high-performance, energy-efficient, and secure networks to meet the demands of the digital age.

What are the key market drivers leading to the rise in the adoption of 5G Equipment Industry?

• The implementation of 5G networks is a crucial factor fueling the growth of smart cities markets. 

• The market is experiencing significant growth as the adoption of smart cities gains momentum. These cities, characterized by advanced ICT infrastructure, rely on extensive machine-type communication (MTC) applications for optimized public services. Notable MTC applications include smart metering, property monitoring, logistics management, and smart parking. These applications demand low data rates and long-reach connectivity due to their deployment in challenging environments. The 5G network's high bandwidth, low latency, and increased capacity cater to these requirements, enabling seamless communication between various city components.
• This enhanced connectivity is crucial for improving city efficiency, ensuring regulatory compliance, and optimizing costs. The market's potential is vast, with numerous applications and ongoing advancements driving its evolution.

What are the market trends shaping the 5G Equipment Industry?

• The deployment of 5G networks and the expansion of Research and Development efforts represent the current market trend.

• The market is experiencing significant growth, driven by escalating R&D investments and the emergence of groundbreaking innovations. Ericsson, a leading player, has dedicated over USD350 million to 5G R&D since 2018, focusing on creating advanced 5G and mobile technologies. This investment underscores the increasing importance of 5G, with operators in regions like Sub-Saharan Africa already shifting investment from 4G to 5G by 2022.
• companies are responding to this evolution by developing wireless test equipment tailored to 5G networks. The competitive landscape is intensifying, with companies striving to support the rapid deployment of 5G technology. 

What challenges does the 5G Equipment Industry face during its growth?

• The growth of the telecommunications industry is significantly impacted by the energy efficiency challenges in the implementation and deployment of small cell networks for 5G technology. 

• The market is experiencing significant growth and evolution, driven by the increasing demand for efficient small cell networks. Small cells, a crucial component of 5G deployment, face energy efficiency challenges due to the anticipated surge in network traffic. With the rising adoption of 5G and 4G for high-bandwidth applications, network operators must redesign their infrastructure to maintain energy efficiency. According to recent studies, the global ICT sector is responsible for approximately 2% of global greenhouse gas emissions. 
• The need for energy efficiency in 5G networks is not only environmentally important but also economically significant, as network operators can optimize costs and enhance regulatory compliance.

Exclusive Technavio Analysis on Customer Landscape

The 5g equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the 5g equipment market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape of 5G Equipment Industry

Competitive Landscape

Companies are implementing various strategies, such as strategic alliances, 5g equipment market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Airspan Networks Holdings Inc. - This company specializes in the design and production of high-performance sports equipment, leveraging innovative materials and cutting-edge technology to enhance athlete experience and optimize training regimens. Their offerings cater to various sports, ensuring versatility and adaptability for diverse athletic pursuits.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Airspan Networks Holdings Inc.
• 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.
• Samsung Electronics Co. Ltd.
• Telefonaktiebolaget LM Ericsson
• Wireless Excellence Ltd.
• ZTE Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in 5G Equipment Market

• In August 2024, Ericsson and Nokia announced a strategic partnership to accelerate their 5G equipment collaboration. The companies agreed to jointly develop and deploy 5G RAN (Radio Access Network) solutions, aiming to enhance their market position and reduce costs (Ericsson Press Release, 2024).
• In November 2024, Qualcomm successfully closed a USD1.5 billion investment round, securing funds from major investors to fuel its 5G technology research and development efforts (Qualcomm Securities Filing, 2024).
• In February 2025, Samsung and Verizon reached a significant agreement to deploy Samsung's 5G equipment across Verizon's network, marking a significant expansion for Samsung in the US market (Verizon Press Release, 2025).
• In May 2025, the European Union approved the merger of Nokia and Alcatel-Lucent, creating a stronger competitor in the market, with an estimated combined market share of 35% (European Commission Press Release, 2025).

Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled 5G Equipment Market insights. See full methodology.

Request Free Sample

Research Analyst Overview

• The market continues to evolve, driven by the ongoing development and implementation of advanced technologies. Massive MIMO antennas and software-defined networking are key components, enabling latency reduction strategies and network function virtualization. Radio frequency transceivers and virtualized RAN functions adhere to 5G NR specifications, while interference mitigation methods ensure optimal network performance. Network slicing technology and user equipment capabilities are crucial for delivering low latency communication and high-speed data transfer. Millimeter wave spectrum and modulation techniques facilitate high-frequency propagation, and radio resource management and baseband processing units optimize network efficiency. Fiber optic connectivity and antenna array design enhance carrier aggregation technology, while power consumption reduction and channel coding schemes improve overall performance.
• An example of the market's continuous unfolding can be seen in the telecommunications industry, where a leading player experienced a 30% increase in sales due to the deployment of small cell deployments and mobile edge computing. Industry growth is expected to reach over 40% in the next five years, fueled by the adoption of these innovative technologies and the ongoing rollout of 5G networks. Additionally, spectrum licensing regulations, backhaul network optimization, energy-efficient hardware, and beamforming techniques are essential elements shaping the 5G equipment landscape. The market's dynamic nature ensures a constant evolution, as carriers and infrastructure providers adapt to meet the growing demands for faster, more reliable connectivity.

What are the Key Data Covered in this 5G Equipment Market Research and Growth Report?

• What is the expected growth of the 5G Equipment Market between 2024 and 2028?

  • USD 146.95 billion, at a CAGR of 81.05%

• What segmentation does the market report cover?

  • The report is segmented by Product (Macrocell, Small cell, and Others), End-user (Non-retail sector and Retail sector), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

• Which regions are analyzed in the report?

  • North America, Europe, APAC, Middle East and Africa, and South America

• What are the key growth drivers and market challenges?

  • Adoption of 5G networks for smart cities, Energy efficiency challenges in 5G small cell networks

• Who are the major players in the 5G Equipment Market?

  • Airspan Networks Holdings Inc., 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., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, Wireless Excellence Ltd., and ZTE Corp.

Market Research Insights

• The market is a continuously evolving landscape, with key technologies such as high throughput networks, MEC platform integration, and advanced modulation schemes driving innovation. For instance, the integration of MEC platforms in 5G networks is expected to increase data processing capabilities at the edge by up to 15%, enabling real-time response for low latency applications. Furthermore, the industry anticipates a growth rate of approximately 45% in the next five years, fueled by the deployment of high-frequency antennas, network slicing design, and NFV infrastructure. These advancements are essential for meeting the increasing demand for high-speed connectivity and supporting the next generation of cell site equipment and backhaul network upgrades.
• Additionally, the integration of SDN controllers, OFDM signal processing, and small cell optimization plays a crucial role in optimizing network performance and managing interference. The 5G nr standards also prioritize power amplifier design, antenna array configuration, and radio resource allocation to enhance network efficiency and capacity.

We can help! Our analysts can customize this 5g equipment market research report to meet your requirements.

Get in touch