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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global 5G Devices Market Size
The global 5G devices market reached approximately USD 13.25 billion in 2023. The market is projected to grow at a CAGR of 47.2% between 2024 and 2032, reaching a value of around USD 429.85 billion by 2032.
5G Devices Market Outlook
- While 5G smartphones are the most prominent category, the market also includes devices such as tablets and laptops.
- 5G devices are at forefront of technological advancements, incorporating features such as high-speed processors and enhanced connectivity options.
- Manufacturers are readily working to ensure that 5G devices have robust security features to protect against cyber threats.
5G Devices Market Report Snapshots
5G Devices Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 13.25 billion in 2023.
The market is projected to grow at a CAGR of 47.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 429.85 billion by 2032.
The major market drivers include development of smart cities and increasing utilisation of 5G devices for industrial automation.
The key trends fuelling the growth of the market rising demand from automobile and healthcare sectors and growing speed data connectivity owing to increase in work from home.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant spectrum supports include sub-6 GHz, mmWave, and both spectrum bands.
The major players in the market are ZTE Corporation, Samsung Electronics Co. Ltd, Xiaomi Corporation, Lenovo Group Limited, Nokia Corporation, Huawei Technologies Co., Ltd., Apple Inc., Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., and Qualcomm Technologies, Inc., among others.
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