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North America 5G New Radio Market Size, Share & Trends Analysis Report By Operating Frequency (Sub-6 GHz, and mmWave), By Application, By Offering, By Architecture, By Industry, By Country and Growth Forecast, 2025 - 2032

Publisher Knowledge Based Value (KBV) Research
Published Apr 18, 2025
Length 170 Pages
SKU # KBV20010361

Description

The North America 5G New Radio Market would witness market growth of 27.2% CAGR during the forecast period (2025-2032).

The US market dominated the North America 5G New Radio Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $67,103.7 million by 2032. The Canada market is experiencing a CAGR of 29.5% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 28.5% during (2025 - 2032).

5G New Radio (5G NR) is the standard for next-generation wireless communication devised by the 3rd Generation Partnership Project (3GPP) to support 5G networks. It is engineered to deliver enhanced data transmission speeds, reduced latency, increased network capacity, and superior efficiency in comparison to earlier generations, including 4G LTE. 5G NR is the foundation for modern mobile networks, IoT applications, smart cities, industrial automation, and emerging digital innovations.

Unlike earlier wireless technologies, 5G NR is highly flexible and scalable, capable of supporting diverse use cases, from enhanced mobile broadband (eMBB) to ultra-reliable low-latency communication (URLLC) and massive machine-type communication (mMTC). This adaptability renders it particularly suitable for applications necessitating real-time responsiveness, high-speed connectivity, and the seamless integration of billions of interconnected devices.

The market in North America is experiencing significant growth, propelled by advantageous governmental policies and technological innovations. According to the National Telecommunications and Information Administration, the region leads in 5G adoption, with 108 million 5G connections and 506 million LTE connections by the end of Q3 2022. The penetration of 5G among the population is approaching 30%, with 14 million new 5G connections added in the quarter, reflecting a 15.47% increase from Q2 2022. This rapid expansion has heightened the demand for 5G NR infrastructure, ensuring the high-speed, low-latency connectivity required to support next-generation applications such as autonomous vehicles, smart cities, and industrial automation. Furthermore, in Canada, the transition from 4G to 5G NR technology is expected to drive significant economic growth, as reported by the Canadian government. By 2026, Canadian telecommunications service providers are projected to invest approximately $26 billion in 5G network expansion, with 5G NR technology anticipated to contribute up to $40 billion annually to the Canadian economy. Hence, as North American nations modernize their digital infrastructure, the adoption of 5G NR technology will continue to rise, supporting a wide range of applications in telecommunications, industrial automation, smart cities, and healthcare.

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 U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Ericsson AB
  • Qualcomm Incorporated (Qualcomm Technologies, Inc.)
  • Fujitsu Limited
  • Intel Corporation
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Verizon Communications, Inc.
  • Cisco Systems, Inc.
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • NEC Corporation
  • Keysight Technologies, Inc.
North America 5G New Radio Market Report Segmentation

By Operating Frequency
  • Sub-6 GHz
  • mmWave
By Application
  • Enhanced Mobile Broadband (eMBB)
  • Massive Machine-type Communications (mMTC)
  • Ultra-reliable Low-Latency Communications (URLLC)
By Offering
  • Hardware
  • Database Administration
  • Radio Units
  • Antennas
  • Customer Premises Equipment (CPE)
  • Other Hardware
  • Services
  • Software
By Architecture
  • Non-Standalone (NSA)
  • Standalone (SA)
By Industry
  • IT & Telecommunication
  • Manufacturing
  • Automotive
  • Healthcare
  • Retail
  • Other Industry
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

170 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America 5G New Radio Market, by Operating Frequency
1.4.2 North America 5G New Radio Market, by Application
1.4.3 North America 5G New Radio Market, by Offering
1.4.4 North America 5G New Radio Market, by Architecture
1.4.5 North America 5G New Radio Market, by Industry
1.4.6 North America 5G New Radio Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2024
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Mar – 2024, Feb) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America 5G New Radio Market by Operating Frequency
5.1 North America Sub-6 GHz Market by Region
5.2 North America mmWave Market by Region
Chapter 6. North America 5G New Radio Market by Application
6.1 North America Enhanced Mobile Broadband (eMBB) Market by Country
6.2 North America Massive Machine-type Communications (mMTC) Market by Country
6.3 North America Ultra-reliable Low-Latency Communications (URLLC) Market by Country
Chapter 7. North America 5G New Radio Market by Offering
7.1 North America Hardware Market by Country
7.2 North America 5G New Radio Market by Hardware Type
7.2.1 North America Database Administration Market by Country
7.2.2 North America Radio Units Market by Country
7.2.3 North America Antennas Market by Country
7.2.4 North America Customer Premises Equipment (CPE) Market by Country
7.2.5 North America Other Hardware Market by Country
7.3 North America Services Market by Country
7.4 North America Software Market by Country
Chapter 8. North America 5G New Radio Market by Architecture
8.1 North America Non-Standalone (NSA) Market by Country
8.2 North America Standalone (SA) Market by Country
Chapter 9. North America 5G New Radio Market by Industry
9.1 North America IT & Telecommunication Market by Country
9.2 North America Manufacturing Market by Country
9.3 North America Automotive Market by Country
9.4 North America Healthcare Market by Country
9.5 North America Retail Market by Country
9.6 North America Other Industry Market by Country
Chapter 10. North America 5G New Radio Market by Country
10.1 US 5G New Radio Market
10.1.1 US 5G New Radio Market by Operating Frequency
10.1.2 US 5G New Radio Market by Application
10.1.3 US 5G New Radio Market by Offering
10.1.3.1 US 5G New Radio Market by Hardware Type
10.1.4 US 5G New Radio Market by Architecture
10.1.5 US 5G New Radio Market by Industry
10.2 Canada 5G New Radio Market
10.2.1 Canada 5G New Radio Market by Operating Frequency
10.2.2 Canada 5G New Radio Market by Application
10.2.3 Canada 5G New Radio Market by Offering
10.2.3.1 Canada 5G New Radio Market by Hardware Type
10.2.4 Canada 5G New Radio Market by Architecture
10.2.5 Canada 5G New Radio Market by Industry
10.3 Mexico 5G New Radio Market
10.3.1 Mexico 5G New Radio Market by Operating Frequency
10.3.2 Mexico 5G New Radio Market by Application
10.3.3 Mexico 5G New Radio Market by Offering
10.3.3.1 Mexico 5G New Radio Market by Hardware Type
10.3.4 Mexico 5G New Radio Market by Architecture
10.3.5 Mexico 5G New Radio Market by Industry
10.4 Rest of North America 5G New Radio Market
10.4.1 Rest of North America 5G New Radio Market by Operating Frequency
10.4.2 Rest of North America 5G New Radio Market by Application
10.4.3 Rest of North America 5G New Radio Market by Offering
10.4.3.1 Rest of North America 5G New Radio Market by Hardware Type
10.4.4 Rest of North America 5G New Radio Market by Architecture
10.4.5 Rest of North America 5G New Radio Market by Industry
Chapter 11. Company Profiles
11.1 Ericsson AB
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.6 SWOT Analysis
11.2 Qualcomm Incorporated (Qualcomm Technologies, Inc.)
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Product Launches and Product Expansions:
11.2.5.3 Acquisition and Mergers:
11.2.6 SWOT Analysis
11.3 Fujitsu Limited
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expenses
11.3.5 Recent strategies and developments:
11.3.5.1 Product Launches and Product Expansions:
11.3.6 SWOT Analysis
11.4 Intel Corporation
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.6 SWOT Analysis
11.5 Samsung Electronics Co., Ltd. (Samsung Group)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expenses
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 Verizon Communications, Inc.
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental Analysis
11.6.4 Recent strategies and developments:
11.6.4.1 Partnerships, Collaborations, and Agreements:
11.6.5 SWOT Analysis
11.7 Cisco Systems, Inc.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Partnerships, Collaborations, and Agreements:
11.7.6 SWOT Analysis
11.8 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.8.4 Research & Development Expenses
11.8.5 Recent strategies and developments:
11.8.5.1 Product Launches and Product Expansions:
11.8.6 SWOT Analysis
11.9 NEC Corporation
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.9.5.2 Acquisition and Mergers:
11.9.6 SWOT Analysis
11.10. Keysight Technologies, Inc.
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expenses
11.10.5 Recent strategies and developments:
11.10.5.1 Partnerships, Collaborations, and Agreements:
11.10.6 SWOT Analysis

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