5G Equipment

Global 5G Equipment Market to Reach US$19.8 Billion by 2030

The global market for 5G Equipment estimated at US$8.7 Billion in the year 2024, is expected to reach US$19.8 Billion by 2030, growing at a CAGR of 14.6% over the analysis period 2024-2030. Macro Cell, one of the segments analyzed in the report, is expected to record a 12.3% CAGR and reach US$10.6 Billion by the end of the analysis period. Growth in the Small Cell segment is estimated at 18.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 13.8% CAGR

The 5G Equipment market in the U.S. is estimated at US$2.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2030 trailing a CAGR of 13.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 13.1% and 12.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.9% CAGR.

Global 5G Equipment Market – Key Trends & Drivers Summarized

Why Is 5G Equipment Pivotal to Global Connectivity and Network Transformation?
5G equipment forms the technological foundation for next-generation wireless infrastructure, enabling ultra-fast data transmission, massive device connectivity, and low-latency communication essential for emerging applications in smart cities, autonomous mobility, industrial IoT, and immersive digital experiences. This market includes a comprehensive ecosystem of hardware components such as radio access network (RAN) systems, baseband units, antennas, small cells, macro cells, massive MIMO modules, backhaul infrastructure, and core network gear that collectively support 5G deployment across diverse geographic and functional terrains.

The rapid rollout of 5G networks across urban, suburban, and industrial zones is accelerating the demand for both standalone (SA) and non-standalone (NSA) 5G infrastructure, as telecom operators seek to upgrade legacy systems while ensuring backward compatibility. Driven by exponential data consumption, spectrum reallocation, and government-backed digital transformation agendas, 5G equipment is central to creating high-capacity, low-latency networks capable of supporting real-time applications like remote surgery, autonomous driving, AR/VR content streaming, and smart manufacturing. Its strategic role in enabling ultra-reliable connectivity is positioning 5G hardware as a priority investment for mobile network operators, enterprises, and public infrastructure planners alike.

How Are Equipment Design Innovations and Network Architectures Accelerating 5G Efficiency and Scalability?
Technological innovation in 5G equipment is advancing rapidly to meet the unique demands of high-frequency spectrum utilization, dense user environments, and flexible network topologies. Massive MIMO (multiple-input, multiple-output) antennas are enabling significant increases in spectral efficiency by allowing simultaneous data streams to multiple users. Beamforming technologies, deployed through active antenna systems, are enhancing signal strength and directionality, particularly in high-band mmWave deployments where coverage is limited by physical obstructions and short propagation distances.

Small cell deployments—critical for expanding 5G capacity in urban and indoor environments—are becoming more compact, energy-efficient, and easier to integrate with existing infrastructure. These systems complement macro towers and enable high data rates in dense user zones such as stadiums, shopping malls, and business parks. Meanwhile, Open RAN (O-RAN) architectures are reshaping equipment procurement and deployment strategies by allowing interoperability across vendor ecosystems, encouraging competition, and enabling software-defined, virtualized control layers. Edge computing integration with 5G base stations is further reducing latency and improving performance for mission-critical applications. Together, these innovations are creating modular, cost-optimized, and scalable networks that meet the real-time demands of 5G-enabled services.

What Market Trends, Regulatory Priorities, and Enterprise Applications Are Driving Demand for 5G Infrastructure?
Rising global investment in digital infrastructure and national 5G roadmaps are key drivers of 5G equipment demand. Governments in regions such as North America, Europe, and Asia-Pacific are allocating spectrum, setting deployment targets, and offering financial incentives to accelerate network expansion. Strategic alliances among telecom operators, cloud providers, and equipment vendors are enabling shared infrastructure development and cross-industry 5G solutions. The emergence of private 5G networks for manufacturing, mining, ports, airports, and logistics hubs is further fueling demand for customized equipment that offers high reliability, low latency, and secure connectivity for enterprise-grade use cases.

The industrial sector is among the leading adopters of 5G, utilizing it for real-time machine control, digital twins, predictive maintenance, and AGV (automated guided vehicle) coordination. Healthcare providers are exploring 5G equipment for remote diagnostics, wearable health monitoring, and AR-assisted surgery, while media and entertainment firms are using it to support high-bandwidth live streaming and immersive content delivery. In agriculture, construction, and energy sectors, 5G equipment is facilitating remote asset monitoring, drone communication, and environmental sensing. These diverse application ecosystems are expanding the addressable market for 5G infrastructure and reinforcing the criticality of robust, application-specific equipment portfolios.

What Is Driving the Growth of the 5G Equipment Market Across Regions and Deployment Models?
The growth in the 5G equipment market is driven by multi-layered deployment strategies, rising mobile data traffic, and cross-industry digitalization initiatives. In Asia-Pacific, particularly in China, South Korea, and Japan, aggressive government mandates and early spectrum auctions have positioned the region as a global leader in 5G infrastructure buildout. These countries are deploying end-to-end networks, including dense small cell grids, to support smart city programs and next-generation manufacturing. India is rapidly scaling its 5G infrastructure following recent spectrum allocation, with major telecom operators investing in national coverage and rural inclusion.

North America is seeing continued 5G expansion through private-public collaboration and edge computing integration, particularly in enterprise and public safety networks. The U.S. is focusing on high-band and mid-band deployments supported by mmWave equipment, C-band gear, and Open RAN trials. Europe is progressing with wide-area 5G coverage driven by green digital transition initiatives and industrial automation investments, especially in Germany, the UK, and the Nordic region. The Middle East is prioritizing 5G deployment in its digital transformation agenda, with countries like the UAE and Saudi Arabia deploying smart infrastructure supported by robust 5G networks.

Segment-wise, the RAN segment represents the largest share of the market, but core network upgrades, fronthaul/backhaul systems, and edge computing infrastructure are witnessing accelerated investment as network operators pursue standalone 5G architectures. As spectrum is expanded, private 5G ecosystems mature, and equipment becomes more energy-efficient and interoperable, the global 5G equipment market is positioned for sustained growth—underpinned by its foundational role in enabling hyper-connected, real-time, and data-rich environments across every vertical.

SCOPE OF STUDY:

The report analyzes the 5G Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Macro Cell, Small Cell, Other Products); End-Use (Retail Sector, Non-retail Sector)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 41 Featured) -

• Airspan Networks Inc.
• Altiostar
• AT&T Inc.
• Boingo Wireless
• Cisco Systems Inc.
• Comba Telecom Systems
• Datang Telecom/Fiberhome
• Dell Technologies
• Ericsson
• Fujitsu Limited
• Hewlett Packard Enterprise
• Huawei Technologies Co., Ltd.
• Intel Corporation
• ip.access (Mavenir)
• Juniper Networks
• Keysight Technologies
• LG Electronics
• Mavenir Systems Inc.
• MediaTek Inc.
• Microsoft Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

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CHINA
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JAPAN
INDIA
176 OTHER COUNTRIES.

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