The ‘5G Infrastructure Market by Component (Base Station, Radio Access Network [RAN], Transport Network, Core Network), Network Architecture (5G NR Standalone, 5G NR Non-Standalone), Spectrum—Global Forecast to 2030’ report reveals that the 5G infrastructure market is anticipated to reach $150.9 billion by 2030, with a CAGR of 34.8% during the period from 2023 to 2030.

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Transition to 5G
5G infrastructure includes a network of small-cell and macrocell base stations, along with Radio Access Network (RAN), core network, and backhaul & transport elements. It marks a significant advancement from 4G LTE networks to the fifth-generation cellular networks. The global uptake of 5G infrastructure is driven by its capacity to deliver high multi-Gbps data speeds, ultra-low latency, superior reliability, extensive network capacity, and a uniform user experience.

Driving Factors
The market for 5G infrastructure is propelled by increasing demand for Machine-to-Machine (M2M) connections in the industrial sector and substantial investments by governments in 5G technology. The implementation of various smart city projects globally is also expected to create substantial growth opportunities. Additionally, the swift adoption of cloud computing among SMEs and the expansion of IoT technology are notable trends influencing the market.

Component Breakdown
In 2023, the hardware segment is predicted to dominate the 5G infrastructure market. This dominance is due to the rapid deployment of 5G Radio Access Network (RAN) and the rising use of virtual RAN by network service providers to reduce network complexities. The hardware segment is also forecasted to register the highest CAGR over the forecast period.

Network Architecture Trends
The 5G NR Non-standalone (NSA) segment is expected to capture the largest share of the 5G infrastructure market in 2023, driven by the need for faster data transfer speeds to ensure reliable communication. However, the 5G NR Standalone (SA) segment is projected to achieve the highest CAGR throughout the forecast period.

Spectrum Insights
The 2 GHz to 6 GHz spectrum segment is projected to hold the largest market share in 2023. This is due to increased investments by communication service providers to deliver mid-band spectrum solutions. The segment is also expected to grow at the highest CAGR during the forecast period.

Regional Market Overview
Asia-Pacific is expected to lead the 5G infrastructure market in 2023. This growth is driven by supportive government policies, the presence of key players in the region, and the growing adoption of advanced technologies like IoT and M2M communication. The infrastructural development in China, South Korea, and Japan, along with increasing investments in 5G networks and smart city initiatives, provides significant growth opportunities for the region. Asia-Pacific is also expected to record the highest CAGR during the forecast period.

Leading Companies
Key players in the 5G infrastructure market include Telefonaktiebolaget LM Ericsson (Sweden), Cisco Systems, Inc. (U.S.), Huawei Technologies Co., Ltd. (China), AT&T Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), T‑Mobile US, Inc. (U.S.), Ciena Corporation (U.S.), ZTE Corporation (China), Nokia Corporation (Finland), CommScope Inc. (U.S.), Vodafone Limited (U.K.), NEC Corporation (Japan), American Tower Corporation (U.S.), MediaTek Inc. (Taiwan), and Comba Telecom Systems Holdings Ltd. (China).

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