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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
5G Devices Market Analysis by Region
North America is anticipated to hold a significant share of the market over the forecast period owing to the increasing launch of commercial 5G services for mobile broadband. The introduction of 5G devices which are capable of supporting all three frequency bands are anticipated to encourage the adoption of 5G technology in the region. An increase in the number of fixed wireless access and improved infrastructural support for the 5G rollout is further boosting the market demand.
The demand for 5G devices market in the Asia Pacific region is expected to experience significant growth in the foreseeable future. Many countries in the Asia Pacific region, such as South Korea, China, Japan, and Australia, are at the forefront of 5G network deployment. The availability of 5G networks is driving the demand for 5G-enabled devices, as consumers and businesses seek to take advantage of faster data speeds and lower latency.
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 2024.
The market is projected to grow at a CAGR of 47.2% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 429.85 billion by 2034.
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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