5G Equipment Market 2023-2029 is Thriving Worldwide with Key Players | SK Telecom, Nokia, AT&T, Huawei Technologies
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The latest research report on the 5G Equipment Market. The report offers a systematic market overview. combines wide-ranging quantitative analysis and exhaustive qualitative analysis. It provides a detailed industry’s past and current innovations around the world, and various factors affecting the market growth. The report provides market growth including future outlook, market value, market revenue and volume, growth rate, segments, Key players, growth drivers as well as current trends and prospects in the region.
This exclusive report gives a detailed analysis of this dynamic focus of the market with a secondary search. The research methodology includes historical and current data collection based on market valuations and forecasts data calculations. Data collection for this report includes both primary and secondary research. The 5G Equipment market sizing and forecasting were done based on revenue (USD million).
The Global 5G Equipment Market is expected to grow with a CAGR of 66.63% from 2023 to 2029.
The use of 5G infrastructure has been prevalent across consumers, commercial & enterprise, industrial, and government. 5G connectivity would be a key enabler for connected cars and autonomous vehicles as it can be used for vehicle-to-vehicle and vehicle-to-infrastructure communication. Several vendors are actively involved in offering 5G solutions for commercial users by launching commercial 5G networks and carrying out R&D activities to upgrade these commercial network solutions.
The 5G infrastructure network is witnessing high adoption from the commercial sector. The self-driving car is an upcoming idea with 5G wireless networks. High-performance wireless network connectivity with low latency is preferred for autonomous driving. In the future, cars can communicate with intelligent traffic signs, surrounding objects, and other vehicles on the road. Every millisecond will be vital for self-driving vehicles as the decision has to be made in a split second to avoid collision and ensure passenger safety.
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A vital source of direction and advice for businesses and anyone interested in the market, Global 5G Equipment Market Forecasts offers essential statistics on the condition of the industry and aids analysis through tables and figures.
syndicates wide-ranging quantitative analysis and exhaustive qualitative analysis:
The report comprises a company summarizing of various key players in the business including in the market. with the company profiles, company finances, mergers and acquisitions, recent developments, and risk analysis for each company with an exhaustive investigation of the market’s competitive landscape and definite data on vendors, and thorough subtleties of elements that will challenge the development of significant market vendors.
Top Key Players in the 5G Equipment market include SK Telecom, Nokia, AT&T, Huawei Technologies, NTT DOCOMO, China Mobile Ltd., Samsung, Verizon, Intel, Ericsson, Telenor, Qualcomm, Fujitsu, ZTE, Vodafone, KT, Analog Devices, Cisco, NEC Corporation, Airspan Networks (US), Affirmed Networks Inc. (US), American Tower (US), AT&T (US), China Mobile (China), Cisco Systems (US), Comba Telecom (Hong Kong), CommScope Inc. (US), Ciena Corporation (US), Ericsson (Sweden), Extreme Networks (US), Hewlett Packard Enterprise (US), Huawei Technologies Co., Ltd. (US), Juniper (US), Korea Telecom (US), Mavenir (US), NEC Corporation (Japan), Nokia Networks (Finland), Samsung Electronics Co., Ltd. (South Korea), SK Telecom (South Korea), T-Mobile US, Inc. (US), Verizon Communications Inc. (US), VMware, Inc. (US), and ZTE Corporation (China).
Recent Developments:
In October 2022, Nokia (Finland) announced that it has been selected as a major supplier by Reliance Jio to supply 5G Radio Access Network (RAN) equipment from its comprehensive AirScale portfolio countrywide in a multi-year deal. Under the contract, Nokia will supply equipment from its AirScale portfolio, including base stations, high-capacity 5G Massive MIMO antennas, and Remote Radio Heads (RRH) to support different spectrum bands, and self-organizing network software. Reliance Jio plans to deploy a 5G standalone network which will interwork with its 4G network.
In October 2022, Ericsson (Sweden) entered into a long-term strategic 5G contract with Indian communications service provider (CSP) Reliance Jio Infocomm Ltd. (Jio) to roll out 5G Standalone (SA) in the country. This is the first partnership between Jio and Ericsson for radio access network deployment in the country.
In October 2022, Ericsson (Sweden) and Becker Mining Systems AG (Germany) unearthed the future of smart mining, following the signing of a multi-country reselling agreement. Becker Mining Systems AG has selected Ericsson as the 5G network partner of choice to provide Ericsson Private 5G (EP5G) and private network solutions. The frame agreement covers many countries including Canada, US, Mexico, Chile, France, Germany and Poland. There are plans to expand the agreement to new countries in the future.
In August 2022, Nokia (Finland) announced that it has secured a deal with leading telecom operator Bharti Airtel, for 5G radio access network (RAN) deployment. This multi-year deal follows the recently concluded 5G spectrum auctions and allocation of pan-India spectrum to Bharti Airtel, supporting their ambition to take India into the 5G era.
In June 2022, Cisco (US) announced its expanded relationship with General Dynamics Information Technology (GDIT), a business unit of General Dynamics, to deliver Cisco Private 5G services to a broad set of government entities. Cisco’s Private 5G service is built on its industry-leading mobile core technology and IoT portfolio – spanning IoT sensors and gateways, device management software, as well as monitoring tools and dashboards.
Market Segment Analysis:
The 5G Equipment Market Report provides a preliminary review of the industry, definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed, and manufacturing strategies and fee systems are also analyzed.
5G Equipment Market Segmentation by Types:
SDN
NFV
MEC
FC
5G Equipment Market Segmentation by Applications:
Automotive
Consumer Electronics
Commercial
Industrial
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Top countries data covered in this report:
North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of L.A.)
Middle East and Africa (Turkey, GCC, Rest of Middle East)
North America is one of the leading markets for 5G infrastructure in terms of R&D activities in 5G technology, network design/deployment, and presences of key market players. North America is well known for its high adoption rate of new advanced technologies, including Internet of Things (IoT), wearable technology, and autonomous car/connected cars. Reliable and fast connectivity required for these technologies is addressed by 5G. Therefore, high growth opportunities for the said market in North America can be expected. For instance, Qualcomm, Intel, Cisco, and AT&T are among the major companies in the 5G market that are actively participating in the development of 5G technology. With full-fledged 5G implementation in North America, it is expected to boost on-demand video services. In the current scenario, the market for such services is growing continuously.
The Asia Pacific region is projected to Grow at the highest CAGR during the forecast period
In the Asia Pacific region, 5G is well-suited as it provides simultaneous connectivity for multiple devices and has low latency, which, in turn, improves the overall performance of systems. The 5G infrastructure market in Asia Pacific has huge opportunities in smart cities. Various countries in Asia have either initialized the implementation of smart city projects or are in the planning phase. China is the biggest marketplace in Asia Pacific for the development of smart cities. It is one of the major countries involved in the development of the 5G network infrastructure. The Chinese government has coordinated and stimulated 5G research in China. As a result, the market for 5G infrastructure in Asia Pacific is expected to grow at the highest CAGR in the coming years.
Main highlights of the report:
– The 5G Equipment Market research provides an in-depth analysis of the market based on various tools such as SWOT analysis, value chain analysis, and PESTEL analysis.
-The report discusses current trends and developments across many verticals.
-This market report includes several tables, charts, and graphs for the visual representation of statistics.
-The business strategies presented in the report enable investors and organizations to make
– The detailed market visions segmentation analysis helps identify the prevailing market opportunities.
-Premeditated advice in essential business segments based on the market estimations, and regional market.
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– It helps in understanding the key product segments and their future.
– It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors.
– It helps in making informed business decisions by having complete insights into the market and by making in-depth analyses of these market segments.
Detailed TOC of 5G Equipment Market Research Report 2023 – 2029
Chapter 1 5G Equipment Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers and, Market data
Chapter 4 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 5 Global Production, Revenue (Value), Price Trend by Type and Region
Chapter 6 Global Market Analysis by Application
Chapter 7 Manufacturing Cost and, Gross profit Analysis
Chapter 8 Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 9 Marketing Strategy and, Status Analysis, Distributors/Traders
Chapter 10 Market Driving Effect Factors Analysis
Chapter 11 Global 5G Equipment Market Trends and, Forecast
Chapter 12 Research Methodology
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