(MENAFN- Ameliorate Digital Consultancy)
5g network equipment market
The market for 5G network equipment is expected to grow from its 2022 estimate of US$ 2,732.2 Mn to US$ 17,456.1 Mn by the end of 2033. With a CAGR of 18.4% predicted from 2023 to 2033, the market for 5G network equipment is projected to be valued US$3,224.2 Mn in 2023.
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The 5G network equipment market refers to the industry that produces and sells equipment used to build and operate 5th generation (5G) wireless networks. 5G networks are designed to provide faster internet speeds, lower latency, and higher bandwidth, enabling new applications and services such as virtual reality, autonomous vehicles, and smart cities.
The global 5G network equipment market has been growing rapidly over the past few years, driven by factors such as increasing demand for high-speed mobile internet, rising adoption of connected devices, and the growing trend of digital transformation.
The demand for 5G network equipment is expected to continue to grow in the coming years, driven by factors such as the increasing deployment of 5G networks worldwide, the rise of edge computing and cloud services, and the growing demand for high-bandwidth applications and services. However, factors such as the high cost of some advanced 5G network equipment and the need for extensive infrastructure investments may pose challenges to the market's growth. Additionally, there may be concerns around national security and geopolitical tensions affecting the deployment of 5G networks and equipment.
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Competitive Landscape
Major 5G Network Equipment companies are collaborating with other organizations and launching new products to provide more care.
For instance, in December 2020, Mavenir and Microelectronics Technology Inc. announced the general availability of Evenstar B3 Remote Radio Head with Facebook Connectivity collaboration.The product will provide mobile network operators the ability to accelerate adoption of Open RAN technology by providing a standardized architecture and modular approach to disparate radio access network (RAN) components.
Key Players
Qualcomm Technologies, Inc. Samsung Electronics Co., Ltd NEC Corporation Huawei Technologies Co., Ltd. ZTE Corporation Nokia Ericsson AB Cisco Systems, Inc.
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Key Segments of 5G Network Equipment Market End Use Research
By Product:
Small Cells AAU (Active Antenna Unit) BBU (Baseband Unit) Energy Supply Equipment Macro Cells RRU (Remote Radio Unit) RF Filter Phase Shifters Others
By End Use:
Commercial 5G Network Equipment Industrial 5G Network Equipment 5G Network Equipment for Government & Defence Residential 5G Network Equipment
By Region:
North America Latin America Europe East Asia South Asia Pacific Middle East and Africa
About the Electronics, Semiconductors, and ICT Division at Persistence Market Research
Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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