Market Overview
5G is the 5th Generation mobile network technology that delivers lower latency, which can enhance the functionality of corporate applications and other digital experiences including online gaming, videoconferencing, self-driving cars, etc.
According to Ken Research analysis, the North America 5G Equipment and Device Market is expected to record a positive CAGR of ~20% during the forecast period (2022-2030) and reach ~ US$ 320 Bn by 2030, driven by the growing demand for immersive content and enhanced broadband connectivity. The market for 5G devices is predicted to rise as connectivity, digital apps, and wearable technologies become more widely used. Additionally, modernizing current support infrastructures, such as modems, towers, and other support equipment, will open up a lot of doors for new players.
The 5G’s high bandwidth and low latency capacities deliver a better experience for consumers, which is likely to leverage the deployment of 5G networks. The Covid-19 pandemic had a positive impact on the North American 5G Equipment and Device Market owing to the vital role of the mobile industry that developed focus during the pandemic as people relied on mobile networks to stay connected and access life-enhancing services. In 2020, 4% of GDP in North America was generated from mobile technologies and services. The data traffic per smartphone increased from 8.4 GB/month in 2019 to 11.1 GB/month in 2020 due to the high uptake of unlimited data plans across the region.
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- The growing demand for immersive content and enhanced broadband connectivity is likely to leverage 5G’s high bandwidth and low latency capacities to deliver a better experience for consumers.
- According to the GSM Association, North America report in 2022, the 5G in the US accounts for 3% of the technology mix in 2020, and is estimated to account for 68% of the technology mix by 2025.
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- US operators Verizon and AT&T are spending billions to deploy 5G in its C-band spectrum. Verizon is likely to spend about US$ 5 billion in 2022 and AT&T is expected to spend US$ 6 billion on its 5G deployment by 2023. With the rolling out of the C-band, the end user is likely to get faster speed.
- Owing to the surge in demand for 5G technology because of its low latency, operators have started investing in 5G technology providing a growth opportunity for the market.
- The deployment of the C-band spectrum is expected to drive the investment of US$ 293 billion for 5G by mobile operators in North America by 2025. It is expected to provide a middle ground for capacity and coverage of 5G networks.
Scope of the Report
5G is the 5th Generation mobile network technology that delivers lower latency, which can enhance the functionality of corporate applications and other digital experiences including online gaming, videoconferencing, self-driving cars, etc.
5G networks use automation with machine learning (ML), and eventually, deep learning and artificial intelligence, to meet the demand for response times within fractions of a second (such as those for self-driving cars) (AI).
The market for 5G devices is predicted to rise as connectivity, digital apps, and wearable technologies become more widely used. Additionally, modernizing current support infrastructures, such as modems, towers, and other support equipment, will open up a lot of doors for new players. As the adoption of 5G technology has seen favorable signals globally, the rise of the 5G devices market is anticipated to drive considerable prospects.
Furthermore, the 5G Equipment and Device Market is segmented by Equipment vs Device, Testing Equipment, Network Infrastructure, Frequency, Device, End User Application, and Generation and Delivery Mode. In addition, the report also covers market size and forecasts for the region’s three major countries’ 5G equipment and device markets. The revenue used to size and forecast the market for each segment in US$ billion.
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By Equipment vs Device |
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By Testing Equipment |
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By Network Infrastructure |
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By Frequency |
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By Device |
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By End User Segments |
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By Geography |
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Key Trends by Market Segment
By Equipment vs Device: According to Ken Research analysis, the device segment holds the largest share of North America’s 5G Equipment and Device market, it is expected to reach a market share of ~40% by 2030.
- 5G device provides improvements in speed, capacity, latency, and network management features such as network slicing which enables mobile operators to create multiple virtual networks within a single physical 5G network.
- It provides better availability for real-time analytics.
By Testing Equipment: According to Ken Research analysis, the Signal and Spectrum Testing Equipment segment accounts for the largest share of the market, with an estimated market share of ~25% in 2021.
The growth of vector signal generators is likely to grow fastest, mainly attributed to low business risk factors and an increase in network traffic. Furthermore, the deployment of vector signal generators helps to prevent infrastructure delays and deployment issues.
The oscilloscope segment is expected to grow slowest during the forecast period (2022-2030), owing to the increase in demand for self-monitored facilities, and increased bandwidth which all are contributing to the increase of intelligence in electronic equipment. Oscilloscope has the advantage of an advanced user interface, and high acquisition rate, which is likely to drive the growth of the oscilloscope segment.
- In January 2021, Ericsson launched a 5G network slicing solution for radio access networks (RAN) which will enable communication service providers to deliver customized 5G services.
- Additionally, in February 2022, Samsung collaborated with industry-leading innovators—including providers of chipsets, cloud platforms, and servers—to expand the 5G vRAN ecosystem. This effort is made to drive multiparty collaboration and innovation for the advancement of software-based networks.
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By Network Infrastructure:
The Macro cell segment holds the largest market share in 2021 and is expected to grow at a CAGR of around 10% in the North America 5G Equipment and Device Market. Whereas the Small cell segment is expected to grow at a higher CAGR than the Macro cell segment during the forecast period.- · The small cell is cheaper to install and faster to deploy than the macro cell. Furthermore, it provides coverage in areas where signals are either weak or unavailable, which is likely to drive the growth of the small cell segment during the forecasted period.
- · In addition, it uses low power as compared to the macro cell along with it also uses the available frequency spectrum by re-using the same frequency in a given area.
By Frequency: Mid-band is estimated to account for the largest market share of ~50% in 2022 and is forecasted grow further by 2030.
- · Mid-band is estimated to grow, owing to its capacity of carrying plenty of data while traveling significant distances.
- · Furthermore, mid-band supports larger channel bandwidths, they are considered ideal for 5G as it offers an optimal mix of speed, capacity, and coverage where connectivity demands are high.
- · In May 2022, Nokia announced that it has extended its long-term relationship with UScellular to deploy the energy-efficient Nokia AirScale portfolio in mid-band C-Band and 3.45 GHz mid-band spectrum to boost its 5G network speed, capacity and coverage.
- · In June 2022, NEC Corporation along with Tokyo Tech developed a 5G millimeter wave (mmWave). The innovative design applies two well-known techniques the Doherty amplifier and digital pre-distortion to a mmWave phased-array transceiver and overcomes the issues in conventional designs, producing exceptional energy and area efficiency and outperforming other state-of-the-art 5G transceivers.
By Device: The Smartphone segment holds the largest market share in the North America 5G Equipment and Device Market during the forecasted period (2022-2030).
- · A smartphone is a portable computing device that combines mobile telephone and computing functions in one unit. It is a cellular device with advanced features owing to hardware capabilities and operating system which provide software, internet, and multimedia functionality along with calling and text messaging.
- · It is connected to the cellular network and has Wi-Fi connectivity to access sophisticated applications.
- · The smartphone segment is growing primarily due to the rise in demand for high-speed data for integrated Internet of things (IoT). The smartphone manufacturing player is estimated to adopt the 5G technology as a next-generation communication solution.
- · In December 2021, Samsung launched Galaxy A13 5G in the United States. Samsung Galaxy A13 5G aims to provide key innovations at an accessible price, including 5G connectivity. It includes features such as a long-lasting battery, a triple-lens camera, and an edge-to-edge display.
- · In March 2022, AT&T launched Samsung Galaxy Tab S8 5G+, which includes the fastest S Pen on nationwide AT&T 5G.
By End User Segment: The Individual segment holds the largest market share in the North America 5G Equipment and Device Market during the forecasted period (2022-2030).
- · Individual segment includes internet-connected devices, smart TVs, and smart home devices.
- · Rise in remote working, online learning, e-commerce, and virtual healthcare is likely to boost the residential 5G equipment and devices during the forecasted period.
- · 5G network deployment with the development of 5G mmWave is likely to offer high-speed 5G Fixed Wireless Access (FWA) in both urban and low-density areas.
- · The growth of individual segments is due to the surge in demand for 5G technology because of its latency, and the growing need for enhanced broadband capacity for virtual meetings. Furthermore, with the increasing popularity of virtual and augmented reality, artificial intelligence is likely to propel growth for the individual segment.
- · In December 2021, Samsung launched Galaxy A13 5G in the United States. Samsung Galaxy A13 5G aims to provide key innovations at an accessible price, including 5G connectivity. It includes features such as a long-lasting battery, a triple-lens camera, and an edge-to-edge display.
- · In February 2022, Samsung Electronics Co., Ltd. and SK Telecom (SKT) completed the industry’s first 5G-4G SA Option 4 (NE-DC, New Radio–E-UTRAN Dual Connectivity) trial in SKT’s 5G Standalone (5G SA) commercial network.
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By Geography: The United States accounts for the largest share within the total North America 5G Equipment and Device market.
- · US is forecasted to grow during the forecasted period, owing to the high subscriber penetration along with high consumer spending on 5G equipment and device.
- · Canada is expected to witness growth as many wireless operators are expected to invest US$ 26 billion for the deployment of 5G infrastructure over the next few years hence propelling the growth of the 5G in the country
- Furthermore, an increase in the usage of mobile data is one of the main growth drivers. Mexico’s mobile industry continues to be essential post-Covid-19. People have used the internet as a resource to work remotely and access educational and healthcare services. Due to this, mobile data traffic has increased significantly.
Competitive Landscape
The 5G Equipment and Device market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche across multiple product categories.
Country niche players represent about ~55% of the competitors, while regional players hold the second largest share in terms of number of competitors. Some of the major players in the market include Samsung, Huawei Technologies Co., Ltd, ZTE Corporation, Cisco System Inc., AT&T, Anritsu, Ericsson, NEC Corporation, Verizon, BEC Technologies, and Keysight.
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Recent Developments Related to Major Players
Recent Developments Related to Major Players
- · In July 2022, Nokia joined AT&T Mexico’s 5G innovation lab as a strategic partner to explore the development of 5G use cases suited for Mexico and the local 5G ecosystem. Under the deal, Nokia will provide equipment from its energy-efficient 5G AirScale RAN portfolio, powered by its latest ReefShark System-on-Chip chipset.
- · ZTE Corporation and Ooredeo Group signed the agreement for the supply of radio, cloud core, transport, and 4G/5G CPE/terminals as well as related implementation and integration services for the Ooredoo Group’s operating companies for the next five years in December 2021.
- · In Nov 2021, Verizon announced its acquisition with TracFone Wireless, Inc. and TracFone, a family of brands, bringing the leading premium and value wireless brands together on the leading wireless network.
- · In Feb 2022, Keysight Technologies, Inc. announced its acquisition with Sanjole, a leader in solutions for protocol decoding and interoperability of 4G, 5G, and other wireless technologies.
- · Anritsu and AeroGT labs partnered in June 2022 to provide 5G Multiple-In Multiple-Out (MIMO) Over-the-Air (OTA) test platforms to characterize, test, and optimize antennas.
- · On July 21, 2022, Ericsson acquire Vonage, with this acquisition Ericsson will create a market for easy-to-adopt global network application Program Interfaces which will drive the next wave of digitization.
Conclusion
The North America 5G Equipment and Device Market are forecasted to continue the rapid growth that is witnessed since 2019, during the forecast period also, primarily driven by enhanced broadband connectivity and growing demand for immersive content. Though the market is highly competitive with over 100 participants, few global players control the dominant share, and country niche players also hold a significant share.
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report: –
- Mobile Phone Handset and Tablet Devices Manufacturers
- Mobile Connectivity Device Manufacturers
- Mobile Communications Software Companies
- Mobile Communications Equipment Providers
- GPS Internet Service Provider Companies
- Wireless Internet Service Provider Companies
- Broadband Internet Service Provider Companies
- Fixed Wireless/Wireless Local Loop (FW/WLL) Telecom Network Operators
- M2M Telecom Operators
- Virtual Mobile Network Operators (MVNO)
- Wholesale Telecommunications Network Operators
- Satellite Communications Operators
- Ministries of Telecommunication and Broadcasting
- Departments of Telecommunication and Broadcasting
- Telecommunication Administrative/Regulatory Bodies
- Environmental Regulatory Authorities and Associations
- Telecommunications Technology Research Organizations and Associations
- Mobile Communications Technology Research Organizations and Associations
- Potential Investors in 5G Mobile Connectivity Industry Value Chain
- Potential Investors in 5G Mobile Communications Industry Value Chain
- Potential Investors in 5G Mobile Communications Equipment Industry Value Chain
Companies Mentioned in the Report: –
Key Competitors Profiled in the Report
- Samsung
- Huawei Technologies Co., Ltd
- Nokia
- ZTE Corporation
- Cisco System, Inc.
- AT&T Intellectual Property
- Anritsu
- Ericsson
- NEC Corporation
- Verizon
- BEC Technology
- Keysight
Notable Emerging Companies Mentioned in the Report
- Celona
- Revokind
- Haas Alert
- Cellwize
- Whirlscape Inc.
- The coolest hotspot
- Cheetah Networks Inc
- IoTALTE
Time Period Captured in the Report
- Historical Period: 2019-2021
- Forecast Period: 2022-2030F
Key Topics Covered in the Report: –
- Snapshot of North America 5G Equipment and Device Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of North America 5G Equipment and Device Market
- Historic Growth of Overall North America 5G Equipment and Device Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of North America 5G Equipment and Device Industry
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- Covid 19 Impact on the Overall North America 5G Equipment and Device Market
- Future Market Forecast and Growth Rates of the Total North America 5G Equipment and Device Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of North America 5G Equipment and Device Market in Major North American Countries
- Major Production / Consumption Hubs in the Major North American Countries
- Major Production/Supply and Consumption/Demand Hubs in Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Country
Frequently Asked Questions: –
What is the Study Period of this Market Report?
The North America 5G Equipment and Device Market is covered from 2019 – 2030 in this report, which includes a forecast for the period 2022-2030.
What is the Future Growth Rate of North America 5G Equipment and Device Market?
The North America 5G Equipment and Device Market is expected to witness a CAGR of about 20% over the next 8 years.
What are the Key Factors Driving the North America 5G Equipment and Device Market?
The growing demand for immersive content and enhanced broadband connectivity by leveraging 5G’s high bandwidth and low latency capacities are expected to be the primary drivers of this market.
Which is the Largest Device Segment within North America 5G Equipment and Device Market?
The smartphone segment holds the largest share of North America’s 5G Equipment and Device Market.
Who are the Key Players in North America 5G Equipment and Device Market?
Samsung, Huawei Technologies Co., Ltd, ZTE Corporation, Cisco System Inc., AT&T, Anritsu, Ericsson, NEC Corporation, Verizon, BEC Technologies, and Keysight among others are the major companies operating in North America 5G Equipment and Device Market.
The post North America 5G Equipment and Device Market Size, Segments, Outlook and Revenue Forecast 2022-2030 by Equipment vs Device (Equipment, and Device), Testing Equipment (Oscilloscopes, Signal and Spectrum, Vector Signal Generators, Network Analyzers, and Others), Network Infrastructure (Macro Cell and Small Cell), Frequency (High-Band, Mid-Band and Low-Band), Device (Smartphones, Tablets, 5G Hotspot Devices, Laptops, and Others), End User (Individual, Industrial/Commercial Organization and Government), and Major Countries (United States, Canada, Mexico, and Rest of North America) appeared first on Ken Research.
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