PUBLISHER: Lucintel | PRODUCT CODE: 1417117
PUBLISHER: Lucintel | PRODUCT CODE: 1417117
The future of the global 5G device market looks promising with opportunities in the sub-6 ghz, mmwave, and both spectrum bands markets. The global 5G device market is expected to reach an estimated $1110.8 billion by 2030 with a CAGR of 45.1% from 2024 to 2030. The major drivers for this market are growing demand from customers for fast internet, rising data requirements for streaming and gaming drives, and growth of internet of things devices and the need for uninterrupted connectivity for applications utilizing augmented and virtual reality.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global 5G device by form factor, spectrum outlook, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G device companies profiled in this report include-
Lucintel forecasts that phones will remain the largest segment over the forecast period.
Within this market, sub-6 ghz will remain the largest segment because it provides a fair combination of capacity and coverage, and this indicates that devices using this frequency range are appropriate for both urban and rural settings since they may offer excellent data speeds together with wide area coverage.
APAC will remain the largest region over the forecast period due to rising urbanization and smartphone usage, as well as, customers are keen to take advantage of 5G networks' high-speed capabilities in the region.
Market Size Estimates: 5G device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: 5G device market size by form factor, spectrum outlook, and region in terms of value ($B).
Regional Analysis: 5G device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different form factor, spectrum outlook, and regions for the 5G device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G device market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q1. What is the 5G device market size?
Answer: The global 5G device market is expected to reach an estimated $1110.8 billion by 2030.
Q2. What is the growth forecast for 5G device market?
Answer: The global 5G device market is expected to grow with a CAGR of 45.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the 5G device market?
Answer: The major drivers for this market are growing demand from customers for fast internet, rising data requirements for streaming and gaming drives and growth of internet of things devices and the need for uninterrupted connectivity for applications utilizing augmented and virtual reality.
Q4. What are the major segments for 5G device market?
Answer: The future of the 5G device market looks promising with opportunities in the sub-6 ghz, mmwave, and both spectrum bands markets.
Q5. Who are the key 5G device market companies?
Answer: Some of the key 5G device companies are as follows.
Q6. Which 5G device market segment will be the largest in future?
Answer: Lucintel forecasts that phones will remain the largest segment over the forecast period.
Q7. In 5G device market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising urbanization and smartphone usage, as well as, customers are keen to take advantage of 5G networks' high-speed capabilities in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.