PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1340658
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1340658
The global 5G base station equipment market is projected to grow at a CAGR of 17.86% to reach US$43.273 billion by 2028, from US$16.144 billion in 2022.
The growth of the 5G base station market has been propelled by the regular initiatives undertaken by the respective government bodies to prompt the deployment of 5G technology at a faster rate. For example, the total cost tag for 5G implementation in the EU could go over €400 billion. The EU allocated more than €4 billion in funding for 5G projects between 2014 and 2020. The EU'S policy framework related to 5G is composed of both legally binding (hard law) and non-binding (soft law) frameworks. The following figure shows the EU's policy documents and key targets relating to the deployment and security of 5G.
Consequently, in March 2020, the White House developed the National Strategy to Secure 5G, which expands upon the National Cyber Strategy and outlines how the nation will protect 5G infrastructure both among the domestic territories and overseas. The associated Implementation Plan was published in January 2021. In addition, with the help of the National Strategy to Secure 5G and Implementation Plan, the United States is now on the right track to ensuring that the country is prepared to develop, implement, and manage reliable and safe 5G.
The rollout of 5G technology can be witnessed in various developed as well as developing economies across the globe. For instance, in India, the rollout of 5G began in October 2022, and the deployment is being undertaken at a much faster scale compared to 3G or 4G. According to the Ministry of Communication, India, 20,980 base stations were installed across 14 states/UTs by November 2022. With 5,829 base stations (938 Airtel and 4,891 Reliance Jio), Delhi has the most 5G base stations deployed, followed by Maharashtra, with 4,051 base stations.
Furthermore, the faster deployment of 5G has also been prompted by growing investments by major telecom operators.
It is among the core elements of the 5G network. Connectivity, mobility, user authentication, and other essential management functions are implemented through Standalone (SA). Owing to its growing usage for the expansion of 5G technology, various market players are investing in expanding their distribution networks and product portfolios. For instance,
The emergence of several base station regulations and standards, in addition to their transition to open systems and developments in hardware performance, has enabled the global adoption of Open RAN, permitting the procurement of equipment from many manufacturers. Various O-RAN tests have been announced to understand the current system better.
The global 5G base station equipment market consists of some major countries, such as the USA, the UK, Japan, and South Korea, among others. The countries have undertaken various initiatives for the faster deployment of 5G technology, thereby promoting the growth of the 5G base station market as well. For instance, in December 2020, the Spanish government invested 4.3 billion euros to deploy 5G technology. According to Telefonica's Spanish business head, 6 billion euros are required to deploy 5G technology in the country. The Spanish politician Irene Maria Montero also added that the government expects the market players to invest approximately 24 billion euros in 5G.
Some of the leading players in the market include Ericsson, Nokia, Fujitsu, and NEC. These firms have undertaken various business strategies such as product launches, investments, and partnerships to expand their product offerings. For instance,
The global 5G base station equipment market has been analyzed through the following segments.
List is not exhaustive