5G New Radio Market Global Market Report 2026

The 5G new radio (NR) market refers to the global industry focused on the development, deployment, and commercialization of advanced radio access technologies that enable 5G wireless communication. It includes innovations in spectrum efficiency, network performance, and low-latency connectivity to support next-generation mobile networks. This market plays a key role in enhancing data transmission speeds and providing seamless connectivity across diverse digital ecosystems.

The key components of 5G new radio are hardware, software, and services. 5G NR hardware consists of physical components such as base stations, antennas, and radio units that enable the transmission and reception of 5G signals, supporting high-speed, low-latency, and massive connectivity for next-generation wireless networks. The industries involved include telecom and information technology (IT), manufacturing, automotive, healthcare, retail, and others. The operating frequencies include sub-6 GHz and mmWave. Deployment models comprise standalone (SA) and non-standalone (NSA). Other applications include enhanced mobile broadband (eMBB), ultra-reliable low-latency communications (URLLC), and massive machine-type communications (mMTC).

Tariffs have created both challenges and opportunities for the 5G new radio market by increasing the cost of imported RF front-end components, baseband units, antennas, and network hardware needed to expand 5G coverage and capacity. These higher equipment costs can affect telecom and enterprise deployments in North America and Asia-Pacific that rely on globally sourced network components for scaling NR infrastructure. Segments such as mmWave radios, small cells, and advanced transceivers may face cost pressure due to higher component complexity and supply chain disruptions. However, tariffs are also encouraging regional manufacturing, localized supply ecosystems, and diversification of sourcing strategies for telecom hardware. This is driving demand for spectrum-efficient NR solutions, software-driven optimization, and cost-effective radio designs that reduce dependency on imported components while improving long-term network scalability.

The 5g new radio market market research report is one of a series of new reports from The Business Research Company that provides 5g new radio market market statistics, including 5g new radio market industry global market size, regional shares, competitors with a 5g new radio market market share, detailed 5g new radio market market segments, market trends and opportunities, and any further data you may need to thrive in the 5g new radio market industry. This 5g new radio market market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The 5g new radio market market size has grown exponentially in recent years. It will grow from $48.29 billion in 2025 to $61.47 billion in 2026 at a compound annual growth rate (CAGR) of 27.3%. The growth in the historic period can be attributed to rising demand for high speed connectivity, expansion of 5g trials globally, need for improved spectrum efficiency, growth of smart device adoption, increasing investment in telecom infrastructure.

The 5g new radio market market size is expected to see exponential growth in the next few years. It will grow to $159.89 billion in 2030 at a compound annual growth rate (CAGR) of 27.0%. The growth in the forecast period can be attributed to expansion of mmwave use cases, growth of industrial 5g deployments, demand for ultra reliable low latency services, increasing adoption of massive mimo, need for energy efficient radio networks. Major trends in the forecast period include sub-6 ghz coverage expansion, mmwave deployment in dense urban areas, massive mimo adoption growth, energy efficient radio hardware demand, network slicing enablement expansion.

The increasing demand for high-speed internet connectivity is expected to propel the growth of the 5G new radio (NR) market going forward. High-speed internet connectivity refers to fast and reliable internet access that enables rapid data transmission, smooth streaming, and efficient online communication using broadband technologies such as fiber-optic, cable, or 5G networks to deliver high bandwidth and low latency for users and businesses. This demand is rising due to growing reliance on digital services for work, education, and entertainment, which require faster and more stable online access to support seamless digital experiences. 5G new radio facilitates high-speed internet connectivity by delivering ultra-fast data transmission, low latency, and enhanced network capacity, enabling uninterrupted streaming, real-time communication, and efficient support for advanced digital applications. For instance, in December 2024, according to a report published by Eurostat, a Luxembourg-based statistical organization, 94% of households in the EU had internet access. Therefore, the increasing demand for high-speed internet connectivity is driving the growth of the 5G new radio market.

Key companies operating in the 5G new radio market are focusing on technological innovations such as high-density RF transceivers to enhance network capacity, signal efficiency, and overall data transmission performance. High-density RF transceivers are compact and integrated radio frequency devices that support multiple input and output channels within a single module, enabling efficient signal transmission and reception while improving wireless performance through reduced power consumption and higher data throughput. For instance, in February 2024, MaxLinear, Inc., a U.S.-based fabless semiconductor company, launched a single-chip solution for 5G Open RAN radio units, integrating digital, analog, and RF functionalities into one compact device to simplify radio design and enhance network efficiency. This innovation supports high bandwidth and low latency, enabling flexible and cost-effective deployment of 5G infrastructure and accelerating the adoption of Open RAN architectures by providing a more integrated, energy-efficient solution.

In March 2025, Airspan Networks Holdings LLC, a U.S.-based telecommunications company, acquired Jabil Inc. for an undisclosed amount. Through this acquisition, Airspan Networks Holdings LLC aims to strengthen its 5G Open RAN product portfolio, enhance manufacturing capabilities, and expand global market reach by leveraging Jabil Inc.'s advanced production expertise and supply chain efficiency. Jabil Inc. is a U.S.-based manufacturing services company that provides 5G new radio solutions.

Major companies operating in the 5g new radio market market are Samsung Electronics Co. Ltd., China Mobile Communications Group Co. Ltd., Verizon Communications Inc., Huawei Technologies Co. Ltd., Deutsche Telekom AG, Cisco Systems Inc., Intel Corporation, Qualcomm Technologies, Inc., BT Group plc, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, NEC Corporation, Nokia Oyj, ZTE Corporation, MediaTek Inc., SK Telecom Co. Ltd., NXP Semiconductors N.V., Marvell Technology Inc., Keysight Technologies Inc., Skyworks Solutions Inc.

North America was the largest region in the 5G new radio market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5g new radio market market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the 5g new radio market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The 5G new radio market consists of revenues earned by entities by providing services such as edge computing services, network slicing services, smart manufacturing services, enhanced mobile broadband services, and private 5G network services. The market value includes the value of related goods sold by the service provider or included within the service offering. The 5G new radio market also includes 5G radio units, antenna arrays, network functions, edge servers, and user equipment. Values in this market are 'factory gate' values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

5G New Radio Market Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses 5g new radio market market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for 5g new radio market ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The 5g new radio market market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Offering: Hardware; Software; Services
• 2) By Industry: Telecom And Information Technology(IT); Manufacturing; Retail; Other Industries
• 3) By Operating Frequency: Sub-6 Ghz; Mmwave
• 4) By Deployment Model: Standalone (SA); Non-Standalone (NSA)
• 5) By Application: Enhanced Mobile Broadband (Embb); Ultra-Reliable Low-Latency Communications (Urllc); Massive Machine-Type Communications (Mmtc)
• Subsegments:
• 1) By Hardware: Transceivers; Antennas; Baseband Units; Small Cells; Routers; Switches
• 2) By Software: Network Management; Radio Access Network Software; Core Network Software; Network Optimization; Security Software
• 3) By Services: Consulting; Integration And Deployment; Support And Maintenance; Managed Services; Training And Education
• Companies Mentioned: Samsung Electronics Co. Ltd.; China Mobile Communications Group Co. Ltd.; Verizon Communications Inc.; Huawei Technologies Co. Ltd.; Deutsche Telekom AG; Cisco Systems Inc.; Intel Corporation; Qualcomm Technologies, Inc.; BT Group plc; Fujitsu Limited; Telefonaktiebolaget LM Ericsson; NEC Corporation; Nokia Oyj; ZTE Corporation; MediaTek Inc.; SK Telecom Co. Ltd.; NXP Semiconductors N.V.; Marvell Technology Inc.; Keysight Technologies Inc.; Skyworks Solutions Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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