Research Nester published a report titled “5G Base Station Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the 5G base station market in terms of market segmentation by end-use application, component, core network technology, area, 5G base station type, frequency band and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Driven by technological advancements and continuous investments by key players related to the deployment of 5G base stations to deliver high-speed connectivity with low latency, the 5G base station market is estimated to witness significant growth in upcoming years. The market attained revenue of USD 6,204 Million in 2019 and estimated to garner USD 179,490.50 Million by 2028 by growing at a CAGR of 33.70% during 2020-2028. The market is segmented on the basis of end-use application into telecommunication companies, cloud & data center, and memory & storage, and security companies, out of which, the telecommunication companies’ segment is anticipated to gather revenue of around USD 13,930 Million in 2020 on the back of growing applications of 5G base stations and increasing adoption of virtual networking architecture across the telecommunication service providers.
Based on region, the global 5G base station market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa region, out of which, the market in Asia Pacific is projected to witness highest growth and is estimated to bring in USD 146,913 Million in the year 2028. The growth of the market in this region can be attributed to rising investments by companies to develop enhanced remote network connectivity. The second highest growth is anticipated to be witnessed by Europe 5G base station market. The market in Europe is projected to garner revenue of around USD 1,760 Million in 2020. Through EC’s (European Commission) 5G action plan, 5G services in all the Member States are estimated to be launched by the end of 2020.
High-Speed Connectivity with Low Latency to Drive Market Growth
With COVID-19 affecting the businesses globally, the major change related to transformed remote workspace arrangement has driven the demand for high-speed connectivity for uninterrupted employee engagement and business operations. Additionally, rising number of internet-connected devices leading to increasing data traffic has furthered the demand for high spectrum of frequencies. All these factors are estimated to act as growth indicators for the expansion of 5G base station market globally.
However, high investment and strict protocols pertaining to the deployment of 5G base stations are estimated to act as barriers to the growth of the market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the 5G base station market which includes company profiling of Huawei Technologies Co., Ltd., ZTE Corporation, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Samsung, NEC Corporation, Alpha Networks Inc., Airspan Networks, CommScope, and Motorola Solutions, Inc. among other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the 5G base station market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.