Friday, 17 May 2024
According to our latest study on “5G Base Station Market Forecast to 2030 – Global and Regional Share, Trends, and Growth Opportunity Analysis – by Component, Frequency Band, Cell Type, and End User,” the 5G base station market size was valued at US$ 20.53 billion in 2022 and is expected to reach US$ 65.70 billion by 2030; it is estimated to record a CAGR of 15.6% from 2022 to 2030.
In the telecommunications industry, a base station refers to a fixed transceiver acting as the main communication point for one or multiple wireless mobile client devices. 5G base station antennas are devices that convert electrical energy into electromagnetic waves that can carry signals over a distance. The latest radio access technology for 5G is called “NR,” and the new base station is called gNB (or gNodeB). It replaces Long Term Evolution (LTE) and the eNB (or eNodeB or Evolved Node B). With 5G networks, base station antennas are designed to operate within new frequency bands, including 600 MHz–6 GHz and 24–86 GHz. All 5G wireless devices in proximity are connected to the Internet and the telephone network by radio waves through a base station and antennae in the cell.
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The new Internet of Things (IoT) applications are facilitating smart city initiatives across the globe. It provides the ability to manage, monitor, and control devices remotely and to create actionable information and new insights from huge streams of real-time data. Smart cities use IoT to collect real-time data to understand the constantly changing demands of infrastructure and implement lower-cost, faster solutions. Digital city ecosystems are constructed to run on ICT frameworks that connect numerous dedicated networks of sensors, mobile devices, home appliances, communication gateways, connected cars, and data centers. According to the report of the European Commission, by 2025, the number of connected devices across the globe is likely to reach 75 billion. The increasing number of objects that interconnect creates an extraordinary volume of data that the city can evaluate in order to make more informed decisions about the changes that can widely benefit locals. 5G technology has various traits that will positively impact smart cities and digital experiences; a higher speed of uploading and downloading data guarantees the ability to connect multiple devices while maintaining very short latency times. 5G helps smoothen the construction of smart city infrastructure and boost the deployment and development of new applications, including monitoring air quality, smart parking, crowd management, energy use, traffic patterns, street lighting, and emergency response. The smart city uses advanced technology, digital solutions, and data to substantially improve various key quality-of-life indicators. This leads to improved commute and traffic time, reduced healthcare costs, decreased water consumption, accelerated emergency response time, low unrecycled waste and harmful emissions, as well as a huge saving potential. Thus, the growing development of smart infrastructure and smart cities is likely to create a great opportunity for the growth of the 5G base station market in the coming years.
Europe held the second-largest share of the 5G base station market. Germany, France, the UK, and Italy are among the major countries contributing to the growth of the Europe 5G base station market. Governments of various countries in Europe have recognized the strategic importance of 5G technology and have launched initiatives to promote its deployment. These initiatives often involve investments in infrastructure and spectrum allocation. The European Commission identified 5G opportunities in 2013, establishing a public-private partnership on 5G (5G-PPP) to accelerate research and innovation in 5G technology. The European Commission committed public funding of more than US$ 798.02 million through the Horizon Programme 2020 to support this activity. These activities were accompanied by an international plan to ensure global agreement building on 5G. EU investment in 5G in 2013 and research is vital to support the traffic volume expected by 2025. EU investment also boosted networks and Internet architectures in emerging areas such as the IoT and machine-to-machine (M2M) communication. Similarly, in 2021, in the setup of targeted fund-of-funds envelopes such as the artificial intelligence (AI) and Blockchain pilot program implemented by the European Investment Fund, which deployed US$ 114 million to catalyze an overall investment of more than US$ 798.02 million in eligible companies. Such trends boost the 5G base station market size in Europe.
The 5G base station market is segmented on the basis of component, frequency band, cell type, end user, and geography. Based on component, the 5G base station market is bifurcated into hardware and service. Based on frequency band, the 5G base station market is categorized into less than 2.5 GHz, 2.5–8 GHz, 8–25 GHz, and more than 25 GHz. Based on cell type, the 5G base station market is bifurcated into macrocell and small cell. The small cell segment is further segmented into microcell, picocell, and femtocell. Based on end user, the 5G base station market is categorized into industrial, commercial, and residential. Geographically, the 5G base station market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
Alpha Networks Inc, Airspan Networks Holdings Inc, Baicells Technologies North America Inc, CommScope Holding Co Inc, Huawei Technologies Co Ltd, NEC Corp, Nokia Corp, Samsung Electronics Co Ltd, Telefonaktiebolaget LM Ericsson, and ZTE Corp are among the key 5G base station market players profiled during the 5G base station market study. Various other 5G base station market players are introducing new product offerings to contribute to the 5G base station market size proliferation. Several other important 5G base station market players were also analyzed during this market research to get a holistic view of the global market and its ecosystem. The leading 5G base station market players focus on feature upgrades, expansion and diversification, collaboration, and acquisition strategies, which enable them to grab new business opportunities.
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