![Global 5G Equipment Market](https://res.cloudinary.com/devmoveo/image/upload/v1713444467/skyquest/gallery/Global-5G-Equipment-Market.jpg)
Report ID: SQMIG45A2276
Report ID:
SQMIG45A2276 |
Region:
Global |
Published Date: April, 2024
Pages:
199
|
Tables:
65 |
Figures:
72
Global 5G Equipment Market size was valued at USD 6.4 Billion in 2022 and is poised to grow from USD 7.44 Billion in 2023 to USD 21.99 Billion by 2031, growing at a CAGR of 14.5% in the forecast period (2024-2031).
Increasing adoption of connectivity, digital applications and wearable technologies is expected to drive growth of the market. Furthermore, existing support infrastructure including modems, towers, and other support systems a the upgrade will create greater opportunities for new players who are expected to adopt 5G technologies get positive signals in many local markets around the world.
Major chipmakers are also focusing on developing 5G device components to increase the market penetration of the devices. In this chipset vendors are competing in volume-driven markets as they introduce more models for mass deployment. In May last year, MediaTek launched the Dimensity 1050 mm (about 3.44 ft) Wave SoC and related accessories to highlight 5G connectivity across devices.
Additionally, emerging applications, business models, and falling device costs are driving the adoption of IoT, resulting in globally connected devices and endpoints offering 5G massive machine-type communication (mMTC), they are ready to support tens of billions of network-enabled devices up to connect you wirelessly. Modern communication systems already serve several MTC applications. However, the characteristic characteristics of mMTC, namely the number of devices and smaller payload sizes, require new designs and techniques 5G allows a density of around one million devices per square kilometre.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45A2276