The 5G Infrastructure Market size is projected to reach US$ 134.88 billion by 2031 from US$ 15.27 billion in 2023. The market is expected to register a CAGR of 31.30% in 2023–2031. The expansion of industrial automation and a new wave of IoT applications are likely to fuel market growth.
The increasing amount of smart city initiatives globally is boosting the need for 5G due to its ability to deliver quicker communication infrastructure, analytics, IoT, and automation for environmental conservation, enhance traffic flow, and ensure public safety. Additionally, the increasing amount of interconnected IoT devices is driving the expansion of the 5G infrastructure market. Moreover, the increasing industrial automation is boosting the need for 5G. 5G technology offers lower latency, greater reliability, and faster speeds that aid emerging technologies and their inventive methods in smart factories, leading to a chance for the expansion of the 5G infrastructure market. Furthermore, increased government investment in 5G infrastructure across various nations will further drive market expansion in the projected timeframe.
The 5G infrastructure is a network of large and small cell base stations with the necessary capabilities for the operation of the fifth-generation cellular network technology standard. The availability of 5G infrastructure enables quick data processing for big data streams, which is advantageous for applications such as augmented reality, semi-autonomous vehicles, and Internet of Things devices. Two categories of 5G network infrastructure exist: non-standalone (NSA) setups, which utilize certain 4G LTE equipment, and standalone 5G infrastructures, which feature their cloud-native network core connecting to 5G New Radio (NR) technologies.
Automation is becoming more sought-after in different industries across the globe. Fast wireless communication is crucial for automation and interconnectivity, acting as a bridge between machines, sensors, and users for smooth and expandable connectivity. Moreover, it connects automated guided vehicles (AGVS), robotics, drones, and the Internet of Things (IoT). Additionally, increased factory automation boosts productivity and product quality while reducing production costs. Additionally, industrial automation has become highly sought after in industries such as automotive, manufacturing, and others due to its ability to safeguard consistent and high-quality results in production. Automation is becoming more sought-after in different industries across the globe. Fast wireless communication is crucial for automation and interconnectivity, acting as a bridge between machines, sensors, and users for smooth and expandable connectivity.
The emergence of 5G technology is leading to significant developments in the Internet of Things (IoT). It serves as a robust facilitator for a new wave of applications that will utilize edge computing to enhance the effectiveness and efficiency of IoT. 5G's impact can be seen as the interplay between two persistent trends: the growth of highly dependable, high-capacity communications and the widespread distribution of computing power across networks. This computational power extends beyond the network to include smarter and more powerful endpoint devices. As telecommunications companies redesign their networks for 5G, a more dynamic and potent computational environment is taking shape, which will drive the adoption of IoT applications and services across various industries. Anticipated benefits of 5G include the facilitation of new applications in areas such as remote monitoring, visual inspection, autonomous operations in large remote settings like mines, and connectivity for vehicles, among others. The expanding array of computing options necessitates a more adaptable approach to developing and deploying applications and AI models that can efficiently utilize the most cost-effective computing resources available. Furthermore, these AI models can now operate on edge devices connected to the network edge, leading to more secure and efficient data processing.
The adoption of cutting-edge expertise, such as the Internet of Things (IoT), connected devices, Artificial Intelligence, Augmented & Virtual Reality, and others, is on the rise. However, many industries face challenges in fully leveraging these technologies due to high latency. 5G technology offers ultra-low latency capabilities, enhancing user experience and driving demand in mission-critical applications. Notably, in telemedicine, low latency enables real-time access to critical data, paving the way for future remote robotic surgeries. In manufacturing, 5G can optimize connected robotic systems, improving the efficiency of Industrial IoT devices and machines. Additionally, 5G is poised to enhance assisted driving and transport services through real-time data alerts, improving safety. Furthermore, its low latency is set to revolutionize virtual and augmented reality applications, offering users a highly immersive experience and driving the demand for 5G infrastructure.
Key segments that contributed to the derivation of the 5G Infrastructure Market analysis are communication infrastructure, core network technology, operational frequency, network architecture, and end user.
The geographic scope of the 5G Infrastructure Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Governments in various Asia Pacific countries, including China and India, are actively improving their digital and network infrastructure in response to the increasing internet usage. The swift implementation of 5G, driven by ongoing digital advancements, is expected to stimulate market growth in the region. According to the 2022 GSMA report, 14 countries already have commercially accessible 5G networks. Vietnam and India are projected to experience rapid 5G network adoption in the near future, consequently driving the demand for 5G infrastructure.
The regional trends and factors influencing the 5G Infrastructure Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses 5G Infrastructure Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 20.05 billion |
| Market Size by 2031 | US$ 134.88 billion |
| Global CAGR (2025 - 2031) | 31.30% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Communication Infrastructure
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The 5G Infrastructure Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the 5G Infrastructure Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The 5G Infrastructure Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
(Source: Huawei Technologies Co., Ltd., Company News, 2023)
(Source: Huawei Technologies Co., Ltd., Company News, 2023)
(Source: Siemens, Press Release, 2023)
The “5G Infrastructure Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: