5G Base Station Market Share, Current Trends, Future Growth Study and Strategic Assessment | Impact of COVID-19

The increasing demand for high-speed data connectivity with low latency and with the Internet of things (IoT) on the rise with the increasing number of connected devices have been the major factor that drives the growth in the global 5G base station market.

5G Base Station Market Overview:

The global 5G Base Station Market size is expected to register an exponential CAGR of 37.6% valued at USD 6,187.8 million in 2027.

5G, the 5th generation of mobile networks, is a significant evolution of today’s 4G LTE networks. 5G networks are being designed to meet the very large growth in data and connectivity across the globe in today’s modern society, with rising applications on the Internet of Things (IoT) and future technological innovations. 5G technology is expected to provide high-speed Internet services, low latency, and connectivity to enable a new generation of applications, services, and business opportunities that have not been seen before.

 However, various governments across the globe have implemented strict regulations related to network radiations caused by the 5G infrastructure, which is hampering the growth of the market. Future technological advancements due to 5G networks are expected to provide huge opportunities for the growth of 5G base stations.

The global 5G base station market has been segmented based on frequency, MIMO, type, end-user, and region.

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By frequency, the global 5G base station market has been divided into 410 MHz to 7,125 MHz and 24.25 GHz to 52.6 GHz. The first band is usually denoted by below 6GHz band utilized by LTE/LTE advanced and WLAN technologies. Whereas the second group operates from 30 GHz to over 100 GHz and defines frequency bands between 24,250 to 52,600 MHz (millimeter band) that offers high-speed, large bandwidth, and data transmission.

By MIMO, the global 5G base station market has been divided into single-user MIMO and multi-user MIMO. Single-user MIMO (SU-MIMO) is a with multiple transmitters and receivers utilized in wireless communication technology which enables allocation of wireless access point to a single device. Multi-user MIMO (MU-MIMO) technology helps multiple users have access to base station.

Depending on its type, the 5G base station market is split into time division duplex (TDD) and frequency division duplex (FDD). FDD sends and receives signals simultaneously as the transmitter and receiver are set at different frequencies whereas TDD uses a single frequency for transmission and reception at a time.

On the basis of end-user, the 5G base station market is categorized into residential, commercial, urban, and rural. 5G base station industry is into its early stages of deployment. However, the end-use industries such as manufacturing, healthcare, aerospace defense, automotive transportation, among others. For instance, smart factory enables flow of data between machines and people that reduces downtime and increases the potential of predictive maintenance reaping monetary and productivity benefits.

The global 5G Base Station market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East Africa, and South America.

Regional Analysis

By region, the global 5G base station market has been segmented into North America, Europe, Asia-Pacific, the Middle East Africa, and South America. North America is expected to be the dominating region in terms of the adoption of 5G base station owing to the heavy investments. North American market has been segmented into the US, Canada, and Mexico. The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period. The US market is expected to report the highest market share, owing to the leading market position in terms of 5G transport networks deployed for efficient and faster transportation.

Key Players

The key players in the global 5G Base Station market are SAMSUNG (South Korea), Huawei Technologies Co., Ltd. (China), Telefonaktiebolaget LM Ericsson (Sweden), Intel Corporation (US), Nokia (Finland), Qualcomm Technologies Inc. (US), ZTE Corporation (China), NEC Corporation (Japan), Ceragon (US), Airspan Networks (US), CommScope, Inc. (US), Marvell (China), Qorvo, Inc (US), Cisco Systems, Inc. (US), and Microsemi (US).

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Snehal Kale

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