The global 5G infrastructure market is divided on the basis of communication infrastructure, network technology, chipset type, application, and region. Based on communication infrastructure, the market was divided into a small cell, macro cell, radio access network (RAN), and distributed antenna system (DAS).
According to the report, the global 5G infrastructure market accounted for $371.4 million in 2017 and is projected to garner $58.17 billion by 2025, growing at a CAGR of 95.8% from 2018 to 2025.
Based on network technology, the market is bifurcated into software-defined networking (SDN) and network function virtualization (NFV), mobile edge computing (MEC), and fog computing (FC). On the basis of chipset type, the market is segmented into an application-specific integrated circuit (ASIC), radio frequency integrated circuit (RFIC), millimeter-wave technology chips, and field-programmable gate array (FPGA).
A rise in penetration of M2M/IoT connections and an increase in demand for mobile broadband services have boosted the growth of the global 5G infrastructure market. However, huge initial investment, rise in security and privacy concerns, and implementation challenges regarding technology & infrastructure hamper the market growth.
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Key Findings of the5G Infrastructure Market:
- In 2017, the small cell sub-segment generated the highest revenue in the global NDT testing equipment market.
- In 2017, the ASIC generated the highest revenue among the chipset type in the global 5G infrastructure market.
5G technology is expected to offer a promising innovation revolution by bringing digital intelligence to previous analog technologies. The deployment of 5G technology provides several advantages such as high-speed data transmission and higher efficiency as compared to 3G and 4G.
Asia-Pacific is expected to hold the largest market share in 2017. A rise in government initiatives for building smart cities in Asia-Pacific and upcoming long-term investments in smart technologies drive the growth of the Asia-Pacific market. Moreover, various technological advancements related to automotive, aerospace & defense, manufacturing due to government initiatives such as investment in R&D further propel the growth of the market.
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The 5G infrastructure market growth is supplemented by the proliferation of M2M/IoT connections and an increase in demand for mobile broadband services. However, high investment and technological & infrastructure challenges in the implementation of 5G network and privacy & security concerns impede the 5G infrastructure market growth.
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