In 2017, the 5G equipment market was valued at USD 466.21 million. From a regional perspective, North America held the largest market share, valued at USD 159.73 million. The 5G equipment market size is estimated to grow by USD 56,716.75 million from 2022 to 2027 at a CAGR of 66.5% according to Technavio.
The global 5G equipment market is fragmented. The market comprises a limited number of players selling major components required for setting up a 5G network. Many players operating in the market provide components used in 3G/4G networks and offer generic components. The market is in the developing stage, and vendors are still running commercial tests in many countries in regions. As the 5G network setup requires government permission for which bids are announced, the competition is high among vendors.
Vendors compete based on services and quality, apart from providing innovative products. Owing to a high level of innovation, vendors are investing in R&D and gaining a competitive edge during the forecast period. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including –
- Altiostar – The company offers 5G equipment such as span macro cells, small cells, and massive MIMO solutions.
- Analog Devices Inc. – The company offers 5G equipment such as 5G mmW RF Front End ICs 24 GHz to 48.2 GHz.
- Cisco Systems Inc. – The company offers 5G equipment such as Open vRAN Ecosystem for 5G.