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
Market Size Value in US$ 9211.96 million in 2022 Market Size Value by US$ 17,785.55 million by 2028 Growth rate CAGR of 11.6% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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5G Network and Tower Deployment Market: Strategic Insights
| Market Size Value in | US$ 9211.96 million in 2022 |
| Market Size Value by | US$ 17,785.55 million by 2028 |
| Growth rate | CAGR of 11.6% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Location, Frequency Band, and Small Cell Tower
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The estimated value of the 5G network and tower deployment market will be US$ 26.19 billion by 2031.
AMERICAN TOWER, Crown Castle, CTI TOWERS INC., DISH Network L.L.C., SBA Communications Corporation, CommScope Inc., Mavenir, Verizon Communications Inc., AT&T Inc., and Qualcomm Technologies Inc. are some of the key players operating in the 5G network and tower deployment market.
The global 5G network and tower deployment market is estimated to register a CAGR of 12.4% during the forecast period 2023–2031.
Government initiatives to deploy 5G technology are considered a key trend in the 5G network and tower deployment market.
The growing internet penetration and manufacturing automation are the key driving factors impacting the 5G network and tower deployment market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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