5G Base Station Market Projected to Grow at a CAGR of 33.70% by 2028

Research Nester published a report titled “5G Base Station Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the 5G base station market in terms of market segmentation by end-use application, component, core network technology, area, 5G base station type, frequency band and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

With the pandemic of 2020 affecting the businesses globally, major reforms related to business setups have been observed. Be it rising number of interconnected devices or need for uninterrupted employee engagement and business operations, the demand for high-speed connectivity with low latency has opened up various opportunities for telecommunication service providers. Backed by these factors, the 5G base station market is estimated to witness significant growth over the next 10 years. In 2019, the market generated revenue of USD 6,204 Million and is estimated to touch USD 179,490.50 Million by 2028 by growing at a CAGR of 33.70% over 2020-2028.

Regionally, the global 5G base station market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa region. Among the market in these regions, the Asia Pacific 5G base station market is estimated to witness highest growth throughout the forecast period and is estimated to bring in USD 146,913 Million in 2028. New developments, high investments and increasing deployment of base stations are the major factors influencing the growth of the market in this region. At present, China has more than 100 million 5G consumers with over 490k base stations. By the end of 2020, the number of base stations is estimated to cross 600k.

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The global 5G base station market is segmented by component into remote radio unit (RRU), small cells, macro cells, baseband processing unit (BPU), MIMO and fiber optic cables among other components. Among these segments, the small cells segment is estimated to witness highest growth rate owing to its numerous attributes such as improved capacity, performance, cost effectiveness and easy installation. The small cells segment is estimated to grow by CAGR of around 35% over the forecast period. Additionally, the market is segmented by area into rural and urban areas, out of which, the urban area segment is the highest revenue generating segment owing to growing rate of urban population and digitalization which is promoting the demand for interconnected devices with high-speed internet and low latency.

Growing Demand for High-Speed Data with Low Latency to Boost Market Growth

With rising disposable income and urbanization, consumers are driven towards investing in latest technologies, thereby driving the demand and utilization of consumer electronics globally. On the back of various applications of 5G technology such as high bandwidth with low latency and high data speed for uninterrupted business or personal communication, the global 5G base station market is estimated to grow significantly in upcoming years.

However, strict authoritative regulations related to the deployment of base stations are expected to operate as key challenges to the growth of the global 5G base station market over the forecast period.

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This report also provides the existing competitive scenario of some of the key players of the 5G base station market which includes company profiling of Huawei Technologies Co., Ltd., ZTE Corporation, Telefona ktiebolaget LM Ericsson (STO: ERIC-B), Nokia Corporation (HEL: NOKIA), Samsung (KRX: 005930), NEC Corporation (TYO: 6701), Alpha Networks Inc. (TPE: 3380), Airspan Networks (OTCMKTS: AIRO), CommScope (NASDAQ: COMM), and Motorola Solutions, Inc. (NYSE: MSI) among other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the 5G base station market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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