Market Analysis
The global 5G base station market will grow at 38.20% CAGR by 2030, states the latest Market Research Future (MRFR) report.
Drivers
Growing Need for Higher Bandwidth to Boost Market Growth
The growing need for higher bandwidth among businesses and consumers for various applications like cloud-based services, IoT, virtual meetings, entertainment, among other applications will boost market growth over the forecast period.
Opportunities
Adoption of Revolutionary Technology to offer Robust Opportunities
The adoption of revolutionary technology like advanced antenna systems (AAS) that has made large-scale deployments of 5G mobile networks viable will offer robust opportunities for the market over the forecast period. AAS is an effective tool to improve end-user coverage, experience, and capacity using MIMO and beam-forming techniques.
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Market Segmentation
The global 5G base station market is bifurcated based on frequency, end user, type, and MIMO.
By frequency, the global 5G base station market is segmented into 410 MHz to 7125 MHz and 24.25 GHz to 52.6 GHz.
By MIMO, the global 5G base station market is segmented into single-user MIMO and multi-user MIMO.
By type, the global 5g base station market is segmented into division duplex (TDD) and frequency division duplex (FDD).
By end user, the global 5G base station market is segmented into residential, commercial, urban, and rural.
COVID-19 Analysis
The COVID-19 outbreak has offered significant opportunities for the 5G base station market for the rise in need for mobile data traffic solutions globally. The increase in work from home initiatives by the commercial sector is the prime factor boosting market growth.
Regional Analysis
North America to Have Significant Growth in 5g Base Station Market
North America will have significant growth in 5G base station market over the forecast period. The presence of several key players, high adoption of new advanced technologies which includes the internet of things, autonomous cars/connected cars, and wearable technology, the need for fast and reliable connectivity, various projects like Next G activities, efforts from agencies of US government and Standard Developing Organizations, several public-private partnerships, active engagement in applied research and scientific research in emerging technologies, and increasing adoption in Canada are adding to the global 5g base station market growth in the region. Besides, the presence of technological leaders, growing adoption by government agencies, and the presence of key players are also adding to the growth of the market in the region.
Key Players
Eminent players profiled in the global 5G base station market report include SAMSUNG (South Korea), Huawei Technologies Co., Ltd. (China), Telefonaktiebolaget LM Ericsson (Sweden), Intel Corporation (US), Nokia (Finland), Qualcomm Technologies Inc. (US), ZTE Corporation (China), NEC Corporation (Japan), Ceragon (US), Airspan Networks (US), CommScope, Inc. (US), Marvell (China), Qorvo, Inc (US), Cisco Systems, Inc. (US), and Microsemi (US).
The global 5G base station market is both fragmented and also competitive due to the presence of several international as well as domestic industry players. These players have utilized innumerable innovative strategies for staying at the vanguard and also sufficing to the surging need of the customers including contracts, partnerships, collaborations, contracts, new product launches, joint ventures, geographic expansions, and more. Further, they are also investing in numerous research and development activities.
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