Impact of COVID-19 0n Global 5G Infrastructure Market to Surge at 70% CAGR, Increasing Demand 5G Infrastructure is due to rising demand for high-speed data transfer, wider network coverage and higher reliability is anticipated to Propel Growth
The 5G infrastructure is valued at USD 790 million in 2019 and is anticipated to cross USD 55,000 million by 2030, at a CAGR of 70%. The key driving factors are lower 5G latency, growing acceptance of virtual telecommunications networking infrastructure, and increase in mobile data traffic. The 5 G infrastructure market is expected to see significant development, especially in developing economies due to higher government regulations on 5G implementation and smart city development in emerging economies such as Asia-Pacific and MENA.
• Dish Network has revealed vendor arrangements for 5G network radio units with Fujitsu, and for virtualized RAN technology Altiostar.
• T-Mobile’s technical Head aims to push the introduction of low and mid-band spectrum and leapfrogging its competitors as soon as possible. In recent Open signal trials T-Mobile scored the highest scores for 5 G availability.
• Dish Network confirmed the completion of Boost Mobile’s $1.4 billion acquisition, one of the conditions for the government’s approval of the T-Mobile / Sprint merger. Dish formally joins the wireless retail industry with the deal fully signed, serving more than 9 million customers.
• Ericsson closed on the acquisition of the Kathrein antenna and filter division for an unspecified amount, noting the rising value of advanced active and passive 5G antennas.
A 5G network is projected to play a critical role in the retail, healthcare, aerospace & defense, industrial, automotive, and many other sectors due to growth opportunities in IoT and M2M communications technologies.
While, it was noted that most of the products currently in use are not assisted by 5G technology, and with COVID 19, further growth in the 5G is expected to be disrupted in the coming years. Most manufacturers of smart devices have stopped the manufacturing of devices due to the lockout that affected the demand for 5G technology in 2020. Additionally, due to the pandemic, delay in launching 5 G spectrum is expected to affect the market. Many telecom authorities around the globe from different countries have delayed the 5 G spectrum and rollout program in their countries, thus affecting the 5 G network sector. Indian government, for example, has delayed auctioning of the 5G spectrum. Such decisions taken at the time of the pandemic by the telecom authorities are expected to hamper business growth in the forecast timeframe of 2020-2030. In addition, disruption of the supply chain of 5G technology manufacturing products is expected to influence the demand for 5G technology in the forecast period.
In terms of R&D investments in 5G technology, network design / deployment and the participation of major industry participants, North America is one of the leading markets for 5G networks. North America is well known for its high rate of adoption of emerging advanced technologies, including Internet of Things (IoT), wearable tech, autonomous car / connected vehicles.
Asia-Pacific is projected to have the highest growth rate with significant market share in the forecast period. The growth of the Asia-Pacific market is driven by growing government initiatives to develop smart cities in Asia-Pacific and long-term investments in smart technologies.
Key Players in the Market
Some of the key players operating in the global 5G infrastructure market are Huawei (China), Ericsson (Sweden), Samsung (South Korea), Nokia Networks (Finland), ZTE (China), NEC (Japan), CISCO (US), CommScope (US), Comba Telecom Systems (Hong Kong), Alpha Networks (Taiwan), Siklu Communication (Israel), and Mavenir (US).
Get Valuable Insights into 5G Infrastructure Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global optical coatings market that covers the historical demand data as well as the forecast figures for the period, i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by communication infrastructure into small cell, macro cell and radio access network. By network architecture, the market is bifurcated into standalone & non-standalone. By core network, the market is segmented into SDN, FC, MEC and NFV and by end user into residential, commercial, industrial and government. Geographically, the market is segmented into North America, Latin America, Europe, APAC and MENA.