The Europe 5G New Radio Market would witness market growth of 27.5% CAGR during the forecast period (2025-2032).
The Germany market dominated the Europe 5G New Radio Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $15,965.8 million by 2032. The UK market is exhibiting a CAGR of 26.2% during (2025 - 2032). Additionally, The France market would experience a CAGR of 28.7% during (2025 - 2032).
The progression of wireless communication represents one of the most significant technological advancements of the 21st century. The introduction of 5G NR marks a significant milestone in this journey, revolutionizing how we connect, communicate, and interact with technology. From smart cities and industrial automation to autonomous vehicles and immersive digital experiences, 5G NR is poised to unlock unprecedented opportunities in the economy.
This market is experiencing substantial growth due to increasing demand for enhanced mobile broadband, the rising adoption of the Internet of Things (IoT), and the accelerating pace of enterprise digital transformation. One of the key drivers of the market is the widespread adoption of smartphones, tablets, and connected devices.
Europe is at the forefront of 5G New Radio (NR) deployments, significantly enhancing connectivity, IoT applications, and digital infrastructure across key sectors such as smart cities, energy management, transportation, and utilities. The European Commission has implemented several initiatives, including the 5G Action Plan for Europe, to ensure a coordinated 5G rollout across member states. This strategic plan aims to achieve uninterrupted 5G coverage in all urban areas and major transportation corridors by 2025, accelerating the adoption of 5G NR technology. These initiatives have fueled the demand for 5G NR infrastructure, which is crucial for processing massive data volumes, supporting real-time IoT applications, and improving network efficiency in various industries. The integration of 5G NR networks in the logistics and e-commerce sectors positions France as a key player in the European 5G industry, presenting lucrative growth opportunities for 5G-enabled smart logistics solutions throughout the forecast period. In conclusion, due to the above, rising factors are driving the growth of the market.
Based on Operating Frequency, the market is segmented into Sub-6 GHz, and mmWave. Based on Application, the market is segmented into Enhanced Mobile Broadband (eMBB), Massive Machine-type Communications (mMTC), and Ultra-reliable Low-Latency Communications (URLLC). Based on Offering, the market is segmented into Hardware (Database Administration, Radio Units, Antennas, Customer Premises Equipment (CPE), and Other Hardware), Services, and Software. Based on Architecture, the market is segmented into Non-Standalone (NSA), and Standalone (SA). Based on Industry, the market is segmented into IT & Telecommunication, Manufacturing, Automotive, Healthcare, Retail, and Other Industry. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
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