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Rise in demand for the high-speed data with low latency, increase in trend of using interconnected devices, surge in government regulations related to network radiation, and rise in 5G IoT ecosystem & critical communication services drive the growth of the global 5G Base Station market. Asia-Pacific contributed to the highest share in terms of revenue in 2020, contributing to more than one-third of the total market share.
According to the report published by Allied Market Research, the global 5G Base Station market generated $8.16 billion in 2020, and is projected to reach $190.78 billion by 2030, witnessing a CAGR of 37.3% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Pramod Borasi, a Senior Research Analyst, ICT and BFSI at Allied Market Research, stated,“The global 5G base station market is expected to witness a considerable growth, owing to increase in demand for smart infrastructure solution, especially in emerging regions such as Asia-Pacific and Europe. Furthermore, emergence of sustainable 5G network solutions is anticipated to create potential opportunities for the market growth during the forecast period. ”
COVID-19 scenario:
- The outbreak of the Covid-19 pandemic has had a positive impact on the global 5G Base Station market, owing to an increase in demand for mobile data traffic solutions across the world.
- Also, the pandemic encouraged companies to follow work from home trend, which in turn, boosted the growth of the global 5G Base Station market.
The report offers detailed segmentation of the global 5G Base Station market based on type, network architecture, core network, operational frequency, end-user, and region.
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Based on type, the small cells segment held the highest market share in 2020, accounting for nearly two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the macro-cells segment is estimated to register the highest CAGR of 40.2% from 2021 to 2030.
Based on network architecture, the 5G non-standalone segment held the highest market share in 2020, accounting for more than half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the 5G standalone segment is estimated to register the highest CAGR of 39.8% from 2021 to 2030.
Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, contributing to more than one-third of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the same region is projected to manifest the fastest CAGR of 41.0% during the forecast period. The other provinces studied in the report include Europe, North America, and LAMEA.
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The key market players analyzed in the global 5G Base Station market report include Cisco Systems Inc., Huawei Technologies Co. Ltd., Marvell, NEC Corporation, Qualcomm Incorporated, Samsung, Airspon Network Inc., Telefonaktiebolaget LM Ericsson, ZTE Corporation, and Nokia.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of“Market Research Reports” and“Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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