The 5G network and tower deployment Market size is expected to reach USD 17,785.55 million by 2028; registering at a CAGR of 11.6% from 2022 to 2028, according to a new research study conducted by The Insight Partners
Rising Penetration of 5G in Industries to Create Lucrative Business Opportunities During Upcoming Period
The adoption of automation is at the forefront across countries in North America. The automation capabilities across the region are rapidly expanding to address various concerns such as operational efficiency, reduced human risk, and minimized production time. The major industries in North America, including retail, oil & gas, utilities, agriculture, manufacturing, healthcare, and education, are integrating automation into their business processes. With the rise in the adoption of automation across these industries, the integration and demand for 5G technologies have also increased. The figure given below represents the 5G contribution by industries by 2030, according to the mobile economy report 2022, published by GSMA.
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Key Players : American Tower Corporation, Crown Castle International Corp, 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 among the key 5G network and tower deployment market players profiled in the study of the 5G network and tower deployment market. Several other important 5G network and tower deployment market players were studied and analyzed during the course of this study to get a holistic view of the market and its ecosystem.
The 5G network and tower deployment market analysis is segmented based on component, location, frequency band, small cell tower, and geography. Based on component, the 5G network and tower deployment market is segmented into small cell, 5G mobile core network, and radio access network. Based on location, the market is categorized into ground tower and rooftop tower. In terms of frequency band, the 5G network and tower deployment market is segmented into low band, medium band, and high band. Based on small cell tower, the 5G network and tower deployment market is categorized into femto cells, pico cells, and micro cells. Based on geography, the 5G network and tower deployment market analysis is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
Countries in North America, such as the US and Canada, have a large number of market players from the aforementioned industries. These players are constantly investing in the adoption of new and advanced technologies to reduce their overall costs and enhance operational efficiency. Thus, these factors are expected to contribute to the growth of the 5G network and tower deployment market size over the forecast period.
The South America 5G network and tower deployment market is segmented into Brazil, Argentina, and the Rest of South America. Economies in South America have progressed at a faster rate on average than the economies of developed countries in the last 15 years. However, they still lag in terms of technological advancements when compared to other regions. The deployment of 5G networks represents a significant opportunity for development in South America.
Chile became the first country in South America to include the 5G network throughout its national territory in 2021. Brazil is expected to have South America’s largest 5G network coverage by 2025. There have been commercial 5G launches in countries such as Colombia, Brazil, Peru, and Puerto Rico. For instance, according to the Telefonaktiebolaget LM Ericsson, the digitalization of industries in South America would be worth more than US$ 21 billion annually. According to 5G Americas, 18 5G networks are currently operating in South America. 5G is expected to represent ~43% of mobile subscriptions in Latin America by the end of 2026. Furthermore, investments in 5G networks are increasing continuously. For instance, GSMA estimated that 5G investments will peak by 2025. Mobile operators invested US$ 11.3 billion in 2020, which is expected to rise to US$ 13 billion in 2025. Overall investments between 2020 and 2025 are expected to reach US$ 73 billion.
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