Market Research Report
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 84 Pages
Delivery time: 1-2 business days
Global 5G Market to Reach $910.3 Billion by 2027
Amid the COVID-19 crisis, the global market for 5G estimated at US$6.4 Billion in the year 2020, is projected to reach a revised size of US$910.3 Billion by 2027, growing at a CAGR of 102.9% over the period 2020-2027.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 96.7% CAGR
The 5G market in the U.S. is estimated at US$2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$129.5 Billion by the year 2027 trailing a CAGR of 96.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 92% and 88.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 69.6% CAGR.
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