The Business Research Company’s report on the Fifth Generation (5G) Devices Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the fifth generation (5g) devices market further?
The growing demand for high-speed connectivity is expected to propel the growth of the 5G devices market going forward. High-speed connectivity refers to fast and reliable network access that enables seamless data transmission. The need for high-speed internet is rising due to the increasing reliance on seamless digital connectivity for efficient communication, access to information, and the smooth functioning of various online services in daily life. The rising demand for high-speed connectivity accelerates the development of 5G devices, pushing manufacturers to incorporate advanced 5G technology for faster data transfer, and improved mobile experiences. For instance, in December 2023, according to a report published by Ofcom, a UK-based government agency, in 2023, the UK saw a notable rise in 5G deployments, reaching over 18,500 across approximately 81,000 sites, compared to around 12,000 deployments in 2022. Therefore, growing demand for high-speed connectivity is driving the growth of the 5G devices market.
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What are the key factors influencing the forecasted market size of the fifth generation (5g) devices industry?
The 5G devices market size has grown exponentially in recent years. It will grow from $4.33 billion in 2024 to $6.21 billion in 2025 at a compound annual growth rate (CAGR) of 43.5%. The growth in the historic period can be attributed to rising demand from the industrial sector, increasing mobile network data traffic, boost in spread of cloud-based applications, rising demand for mobile broadband services, and increasing in the demand for compatible devices.
The 5G devices market size is expected to see exponential growth in the next few years. It will grow to $26.05 billion in 2029 at a compound annual growth rate (CAGR) of 43.1%. The growth in the forecast period can be attributed to increasing demand for connected cars, growing consumer awareness, emergence of new use cases in energy management, demand for high-speed low-latency connectivity, and ongoing global rollout of 5g networks. Major trends in the forecast period include developments in wearable technology, development of ai driven features, development of technologies like edge computing and ai, advancements in 5g-enabled iot solutions, and adoption of 5g technology into smart cities.
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Who are the leading competitors in the fifth generation (5g) devices market?
Major companies operating in the fifth generation (5G) devices market are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Sony Corporation, Lenovo Group Limited, LG Electronics Inc., Panasonic Corporation, Qualcomm Incorporated, Ericsson, Nokia Corporation, TCL North-America, ASUSTeK Computer Inc., Oppo Mobile Telecommunications Corp. Ltd., Motorola Solution, Lava International, OnePlus Technology Co. Ltd., VVDN Technologies, Vivo Mobile Communication Co. Ltd, HP Development Company L.P., Realme, HMD Global
Which emerging trends are set to transform the fifth generation (5g) devices market landscape?
Major companies operating in the 5G device market are focusing on developing advanced products, such as advanced 5G devices and CPE lineup, to enhance network connectivity and improve data transmission speeds. Advanced 5G devices and customer premises equipment (CPE) are next-generation connectivity solutions designed to deliver high-speed, low-latency wireless communication, enabling seamless internet access for consumers and businesses. For instance, in October 2024, Global Telecom Engineering, a US-based technology company, launched the Titan5000, Titan5100, and Titan5400, a lineup of advanced 5G devices and CPE. The Titan5000, a 5G NR NSA/SA Sub-6GHz indoor router with coverage up to 1 mile, and the Titan5100, a 5G NSA/SA Sub-6GHz PoE CPE designed for flexible mounting with coverage up to 5 miles; and the Titan5400, a 5G PoE NSA/SA NR Sub-6GHz outdoor data unit capable of reaching up to 10 miles, cater to both residential and commercial connectivity needs.
How do different geographies compare in terms of market share and growth potential in the fifth generation (5g) devices market?
Asia-Pacific was the largest region in the 5G devices market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the fifth generation (5G) devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the fifth generation (5g) devices market are experiencing the fastest growth?
The fifth generation (5G) devices market covered in this report is segmented –
1) By Form Factor: Phones, Customer Premises Equipment (CPE), Modules, Hotspots, Switches And Routers, Laptop, Tablets, Other Form Factors
2) By Spectrum: Sub-6 Gigahertz (GHz), Millimeter Wave (MmWave), Sub-6 Gigahertz (GHz) + Millimeter Wave (MmWave)
3) By End-User: Consumer Electronics, Automotive, Healthcare, Industrial, Entertainment
Subsegments:
1) By Phone Type: Smartphones, Feature Phones
2) By Customer Premises Equipment (CPE) Type: Indoor CPE, Outdoor CPE
3) By Module Type: RF Modules, Modem Modules, Antenna Modules, Other Modules
4) By Hotspot Type: Mobile Hotspots, Fixed Hotspots
5) By Switches and Routers Type: Core Routers, Edge Routers, Switches
6) By Laptop Type: Consumer Laptops, Business Laptops, Gaming Laptops
7) By Tablet Type: Consumer Tablets, Business Tablets, Rugged Tablets
8) By Other Form Factors: Wearables, IoT Devices, Drones, AR/VR Devices
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How is the fifth generation (5g) devices market defined?
Fifth generation (5G) devices are advanced gadgets integrated with 5G technology, offering high-speed wireless communication with minimal latency and rapid data transfer. They are designed to enhance connectivity, optimize network performance, and support advanced applications, including seamless streaming. By enabling real-time data exchange, these devices drive innovation across various industries.
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