Post COVID-19, the global 5G infrastructure market size is estimated to grow from USD 12.6 billion in 2020 and projected to reach USD 44.9 billion by 2025, at a CAGR of 29.0%. The projection for 2025 is estimated to be down by 22.7% as compared to pre-COVID-19 estimation. The major factors driving the growth of the 5G network infrastructure market include an exponential rise in data traffic, increasing M2M connections across various industries, partnerships and alliances for 5G monetization, and rising adoption of IoT devices. However, supply chain disruptions, delay in the release of 5G specifications, and the China-US trade war will result in lower market projection compared to pre-COVID-19 estimation.
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“Shutdown of production facilities impacted the production and sales of 5G smartphones.”
Increasing the 5G subscriber base will be the major revenue contributor to the telecommunication operators during the forecast period. The 5G infrastructure market is expected to be driven by 5G enables smartphones and increasing implementation of home automation technologies. Smart home synchronized watches, smartphones, and fitness apps are gaining traction and are expected to grow with the speed and performance capabilities of 5G. COVID-19 has adversely impacted smartphone production. Several smartphone OEMs were supposed to launch 5G smartphones for mass consumers, which could have led to the aggressive deployment of base stations worldwide. However, smartphone production has halted temporarily; the smartphone shipment is declining month-on-month, with a 35% decline in January and another 55% in February 2020. Closure of retail stores and self-isolation has further impacted the sales of 5G smartphones. Consumers and enterprises are expected to show a lack of interest in the adoption of 5G technology due to financial instability as the technology comes with a cost.
“5G infrastructure market in APAC to generate the highest revenue between 2020 and 2025 during the forecast period “
The 5G infrastructure industry in APAC is expected to generate the highest revenue during the forecast period. This growth is attributed to aggressive spending on the development of 5G network infrastructure by China, South Korea, Japan, and India. The growing 5G subscriber base and the adoption of 5G smartphones in these countries will result in large scale deployment of 5G base stations.
Some of the major players in the global 5G infrastructure market are Ericsson (Sweden), Huawei Technologies Co., Ltd. (US), Nokia Networks (Finland), Samsung Electronics Co., Ltd. (South Korea), and ZTE Corporation (China) among others
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