5G Base Station Market Size, Share, Growth, Global Industry Overview By 2030

According to a new report published by Allied Market Research, titled, “5G base station market by Component, Core Network Technology, 5G Base Station Type, Frequency Band, and End Use Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global 5G base station market size was valued at $8.16 billion in 2020, and is projected to reach $190.78 billion by 2030, registering a CAGR of 37.3% from 2021 to 2030.

A 5G base station is an innovative system that allows the base station to enable wireless devices to connect with central hubs. Further, 5G networks are intended to complement 4G networks by utilizing a variety of microcells, small cells, and dedicated in-building systems. The small cells are tiny base stations that are designed to provide in-fill for a larger macro network. They generally range in size from 10 meters to a few hundred meters. In addition, the 5G small cell base station is powered by an amplifier that converts signals from radio frequency antennas to baseband units in wireless stations. Moreover, the increase in demand for high-speed interconnected devices across prime economies is propelling the need for the next generation 5G base station system.

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Surge in demand for high-speed data with low latency and rise 5G IoT ecosystem & critical communication services are the key factors that notably contribute toward the growth of the global 5G base station market. However, rise in government regulations related to network radiation globally is anticipated to restrain the market. On the contrary, rise in trend of using interconnected devices paired with rise in advancement in smart infrastructure solutions is expected to drive the need for the 5G base station, which is anticipated to offer potential opportunities for the 5G Base Station market growth during the forecast period.

According to 5G base station market trends, the network function virtualization segment was the highest contributor to the market in 2020. The commercial and industrial segments collectively accounted for around 71.1% market share in 2020. Rise in demand for energy efficient and low maintenance cost 5G network solution has driven the growth of network function virtualization segment.

The outbreak of the COVID-19 has significantly impacted the global 5G base station industry. This is attributed to delay in deployment and construction of 5G base station across prime enterprises and regions, which has significantly declined the growth of 5G base station during the pandemic. However, rise in demand for smart infrastructure solutions propel the need for 5G network infrastructure. Furthermore, the commercial sector exhibited high growth potential in the deployment of 5G base station, owing to rise in demand for Internet of Things-based application with 5G networks is forecast to drive the 5G base station market analysis post-pandemic.

On the basis of operational frequency, the above 6 GHz segment dominated the 5G base station market share in 2020, and is expected to maintain its dominance in the upcoming years, owing to rise in demand for high speed communication solution across the commercial sector is driving the need for a market. However, the sub 6 GHz segment is expected to witness highest growth rate in the upcoming years, owing to surge in the adoption of the 5G base station across emerging economies such as Japan, India, and China to boost smart infrastructure globally, which is expected to propel the growth of the 5G base station market during the forecast period.

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Region wise, the 5G base station market was dominated by North America in 2020, and is expected to retain its position during the forecast period. This is attributed to the presence of prime vendors in the region and availability of advanced technological solutions. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to growing deployment of 5G technology across China, South Korea, Taiwan, and Japan and rise in additional initiatives by a prime player in this region to promote artificial intelligence-powered solutions is anticipated to drive the market growth.

Key Findings Of The Study

  • In 2020, the small cells segment accounted for the maximum revenue, and is projected to grow at a notable CAGR of 35.5% during the forecast period.
  • The smart city segment is projected to growth at a CAGR of 43.8% during the forecast period.
  • Asia-Pacific contributed for the major share in 5G base station market, accounting for more than 36.2% share in 2020.

The key players profiled in the 5G base station industry include Airspon Network Inc., Cisco Systems Inc., Huawei Technologies Co. Ltd., Marvell, NEC Corporation, Nokia, Qualcomm Incorporated, Samsung, Telefonaktiebolaget LM Ericsson, and ZTE Corporation. These players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to strengthen their foothold in the 5G base station industry.

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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