5G Technology Market Outlook:
5G Technology Market size was over USD 97.38 billion in 2025 and is poised to exceed USD 5.22 trillion by 2035, witnessing over 48.9% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of 5G technology is evaluated at USD 140.24 billion.
A key driver of the market's expansion is the rapid deployment of 5G globally, as economies seek to improve their nationwide connectivity. The proliferation of smartphones has ensured that the demand for ultra-fast connectivity increases manifold. To ensure connectivity without latency, the requirement for 5G technology is exponential. The table below highlights 5G coverage across different countries as per the OECD Digital Economy Outlook 2024:
|
Country |
5G Coverage (%) (2024) |
|
United States |
68.4 |
|
South Korea |
63 |
|
Finland |
58 |
|
Australia |
57 |
|
Japan |
56 |
Another major market for the market’s growth is the investments made to advance the technology. For instance, in January 2024, the U.S. Department of Commerce's National Telecommunications and Information Administration (NTIA) awarded a significant investment of USD 50 million to establish the Open RAN Center for Integration & Deployment (ORCID) in a bid to hasten the adoption of Open RAN technologies. The table below highlights additional key market indicators highlighting the growth of the 5G technology sector:
|
Indicator |
Value/Status |
|
U.S. 5G Smart Factory Investment |
$100 million (April 2024) |
|
India's Mobile Phone Exports (2023) |
$10.5 billion (FY 2022-2023) |
|
NTIA Grant for Open RAN Center |
$50 million (January 2024) |
|
NIST Funding Request for 5G Standards |
$1.4 million (March 2023) |
