3G Infrastructure Equipment Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

3G infrastructure equipment refers to a network of macro and small cell base stations with advanced computing capabilities required for the functionality of the 3rd generation cellular network technology standard.

Sizing and Forecast

The 3g infrastructure equipment market size has grown strongly in recent years. It will grow from $33.76 billion in 2023 to $35.51 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to mobile data demand, improved mobile connectivity, technological advancements, regulatory mandates.

The 3g infrastructure equipment market size is expected to see strong growth in the next few years. It will grow to $43.94 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to 4g and 5g evolution, rural and emerging market expansion, iot and m2m connectivity, legacy networks. Major trends in the forecast period include upgrades and optimization, 2g to 3g migration, internet of things (iot) connectivity, network sharing and decommissioning.

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Segmentation & Regional Insights

The 3g infrastructure equipment market covered in this report is segmented –

1) By Type: Wireless Infrastructure, Wired Infrastructure

2) By Product: Public Switching Equipment , Analog Equipment, Digital quipment, Transmission Equipment , Transmission Lines, Base Transceiver Stations, Multiplexers, Communication Satellites, Other Products (Customer Premises Equipment , Private Switches, Modems, Routers)

3) By End User: Consumer Electronics, BFSI, Defense, Media, Other End-Users

The Asia-Pacific was the largest region in the 3G infrastructure equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the 3G infrastructure equipment market report during the forecast period. The regions covered in the 3g infrastructure equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

Growing number of mobile and wireless devices worldwide contributed to the growth of the 3G infrastructure equipment market going forward. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. The UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) will own a smart phone. According to the IoT analytics research data, 22.2 billion devices worldwide were connected via WLAN worldwide by 2021. Increased usage of mobiles and dependence on the internet, therefore, resulted in a growing number of mobile and wireless devices worldwide driving the 3G infrastructure Equipment market.

Key Industry Players

Major companies operating in the 3G infrastructure equipment market include Huawei Technologies Co. Ltd., Cisco Systems Inc., Fujitsu Limited, NEC Corporation, Nokia Corporation, Telefonaktiebolaget LM Ericsson, Qualcomm Incorporated, ZTE Corporation, Motorola Solutions Inc., Juniper Networks Inc., Ciena Corporation, Alcatel-Lucent Enterprise, Samsung Electronics Co. Ltd., CommScope Holding Company Inc., Corning Incorporated, Mitsubishi Electric Corporation, Indus Towers Limited, ECI Telecom Ltd., LG Corporation, HUBER+SUHNER Group, Extreme Networks Inc., Ribbon Communications Inc., Altiostar Networks Inc., Altran Technologies SA, Check Point Software Technologies Ltd., Fortinet Inc., Palo Alto Networks Inc., Sierra Wireless Inc., Hewlett Packard Enterprise (HPE), Broadcom Inc., Aruba Networks a Hewlett Packard Enterprise company, Avaya Inc., Brocade Communications Systems Inc., H3C Technologies Co. Ltd., Hitachi Ltd., International Business Machines Corporation (IBM), Intel Corporation, Lenovo Group Limited, NETGEAR Inc., Riverbed Technology Inc., NortonLifeLock Inc., TP-Link Technologies Co. Ltd.

The 3g infrastructure equipment market report table of contents includes: