5G Network and Tower Deployment Market Outlook, Segments, Geography, Dynamics, Recent Developments, and Strategic Insights by 2031

The 5G network and tower deployment market size is projected to reach US$ 26.19 billion by 2031 from US$ 10.27 billion in 2023. The market is expected to register a CAGR of 12.4% during 2023–2031. The growing internet penetration and manufacturing automation are likely to remain key trends in the market.

5G Network and Tower Deployment Market Analysis

The rise in automation across various industries, such as retail, manufacturing, automotive, media and entertainment, and others, is fostering the installation and proliferation of 5G infrastructure. The government authorities worldwide are focused on adopting the 5G deployment to drive their economic growth. The rise in investment and telecom operators expanding their business and services further fosters market growth.

5G Network and Tower Deployment Market Overview

5G is a cellular technology with new enhanced spectrum frequencies. As compared to 4G networks, 5G network provides lower latency, high speeds, and support for numerous connected devices. The increased bandwidth of 5G networks, compared to 4G, powers the data-intensive requirements of applications such as manufacturing automation, smart cities, connected vehicles, and others.

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5G Network and Tower Deployment Market: Strategic Insights

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5G Network and Tower Deployment Market Drivers and Opportunities

Adoption of 5G technology to drive economic growth to Favor the Market

According to Accenture report in 2021 showcased the 5G impacts on the US economy. It is estimated that the 5G technology will drive sales growth over the next five years. The 5G supports technologies such as artificial intelligence (AI), the Internet of Things (IoT), and edge computing. As the US is a pioneer in the adoption of advanced technology, the US holds the largest share in the North America 5G network and tower deployment market

Growing demand for 5G network in the manufacturing industry

The adoption of 5G results in productivity, which leads to its demand across various industries. According to Accenture, in the manufacturing industry, 5G-enabled factories experience around 20-30% productivity gains, which includes up to 50% in assembly time, up to 20% in asset life and up to 90% in defect detection. The advent of industrial automation or Industry 4.0 is contributing to connected devices and machinery. Manufacturers around the world are adopting automation to gain a competitive advantage over competitors and maximize their production capacity to serve a broader customer. For smooth operation across the manufacturing industry, the 5G network is required to transfer the data faster. Real-time information transfer is necessary in the manufacturing industry for efficient operation of the production process and workflow.

5G Network and Tower Deployment Market Report Segmentation Analysis

Key segments that contributed to the derivation of the 5G network and tower deployment market analysis are component, location, frequency band, and small cell tower.

• Based on the type, the 5G network and tower deployment market is divided into small cell, 5G mobile core network, and radio access network. The small cell segment held the largest share of the market in 2023.
• By location, the market is segmented into ground tower and rooftop tower. The ground tower held the largest share of the market in 2023.
• By frequency band, the market is segmented into low band, medium band, and high band. The low band held the largest share of the market in 2023.
• By small cell tower, the market is segmented into femto cells, pico cells, and micro cells. The femto cells held the largest share of the market in 2023.

5G Network and Tower Deployment Market Share Analysis by Geography

The geographic scope of the 5G network and tower deployment market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific region is expected to grow with the highest CAGR during the forecast period. The rise in automation in the manufacturing industry in developing nations such as India and China fosters the market growth of the region. The government investment in the 5G infrastructure creates opportunities to propel market growth. For example, according to India’a Ministry of Communications, 5G adoption in the country depends on factors such as dedicated R&D investments to develop India-specific use cases, enterprise penetration, device affordability, and consumer adoption.

5G Network and Tower Deployment Market Regional Insights

The regional trends and factors influencing the 5G Network and Tower Deployment Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses 5G Network and Tower Deployment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

5G Network and Tower Deployment Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The 5G Network and Tower Deployment 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 Network and Tower Deployment Market are:

1. AMERICAN TOWER
2. Crown Castle
3. CTI TOWERS INC.
4. DISH Network L.L.C.
5. SBA Communications Corporation
6. CommScope Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

5G Network and Tower Deployment Market News and Recent Developments

The 5G network and tower deployment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the 5G network and tower deployment market are listed below:

• American Tower deployed a private 5G standalone network, enabling edge cloud applications at Miracle Mile Shops, a top retail and entertainment destination in Las Vegas. Miracle Mile Shops is an ideal venue to trial and showcase innovative 5G use cases unique to the in-building environment and retail space. The company joined forces with an ecosystem of technology partners to launch this cutting-edge network and support digital transformation at the property. (Source: American Tower, Press Release, December 2023)
• One Communications and Ericsson launched the first commercial 5G network in Bermuda and one of the first 5G deployments in the Caribbean, with an initial deployment covering geographically 75 percent of the island. In this first phase, the 5G network was activated in the capital city, Hamilton, followed by a gradual roll-out to the rest of the territory. As a front runner in the Caribbean on the deployment of the fifth generation of mobile network technology, One Communications is utilizing the Ericsson Radio System and Ericsson Cloud Core products and solutions, including Packet Core, Policy and Unified Data Management, promises to improve the mobile user experience and boost the digital transformation in Bermuda. (Source: Ericsson, Press Release, December 2023)

5G Network and Tower Deployment Market Report Coverage and Deliverables

The “5G Network and Tower Deployment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• 5G network and tower deployment market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• 5G network and tower deployment market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• 5G network and tower deployment market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the 5G network and tower deployment market
• Detailed company profiles