USD 178.56 billion
Report ID:
SQSG45I2019 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
97
|Figures:
76
Wireless Infrastructure Market size was valued at USD 178.56 billion in 2019 and is poised to grow from USD 202.43 billion in 2023 to USD 427.43 billion by 2031, growing at a CAGR of 11.27% in the forecast period (2024-2031).
Wireless infrastructure is the infrastructure required to make wireless networking possible. Wireless networking is a means of avoiding the costly process of inserting wires into a building, or as a connection between multiple equipment locations and communicating with one another, used by residences, telecommunications networks, and corporate (business) installations.
This market has been bolstered by the positive business outlook for wireless technology devices across demographics. Wireless infrastructure is a collection of fundamental standards such as connectivity principles, connectivity solutions, and communication assets put together as a whole.
Wireless network infrastructure is a comparable word that refers to connections such as SG, 4G & LTE 3G, and 2G that is mostly made up of mobile customers. Bring your device (BYOD) and wear your device (WYOD) trends are driving up demand for high-speed data and speedier connections in the commercial communications sector. In contrast, the wireless infrastructure market will develop in the projected period due to an expansion in the use of satellite-based connectivity for the defense and maritime industries.
US Wireless Infrastructure Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 178.56 billion
Largest Segment
Commercial
Fastest Growth
Commercial
Growth Rate
11.27% CAGR
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Global Wireless Infrastructure Market is segmented based on connectivity type, Infrastructure type, Platform, and Region. Based on Connectivity Type the Market is further sub segmented into 5G, 4G, 3G, 2G, and Satellite, According to Infrastructure Type the Market is further sub segmented into Radio access network (RAN), small cell, SATCOM, macro cell, distributed antenna system (DAS), cloud-RAN, carrier Wi-Fi, mobile core, and backhaul, based on Platform the Market is further sub segmented into commercial, government & defense. Based on Region the market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America.
Wireless Infrastructure Market Analysis by Type of Connectivity
During the forecast period, the 5G category is expected to increase at the quickest rate. The global demand for 5G technology is being fueled by the next-generation technology's high speed, broader connection, and low latency. Customers' needs are not met by 4G technology, which consumes a considerable amount of data and necessitates effective wireless internet service. Increased use of wireless services and smart devices necessitates increased network capacity, such as 5G technology. An increase in government initiatives, particularly for the digitalization of marine and defense infrastructure, is expected to stimulate demand for satellite connections.
Wireless Infrastructure Market Analysis by Infrastructure
The macrocell sector is expected to have the largest market share for heterogeneous network infrastructure. Macrocell locations offer a wide range of network coverage for devices that support 4G and 5G. It's also utilized to boost 4G and 5G coverage on smartphones, mobile devices, and IoT devices. In an urban and suburban area, the wireless infrastructure comprises mostly several macrocells that cover an area of almost 20 kilometers to 30 kilometers.
Wireless Infrastructure Market Analysis by Platform
The end-user industry, which includes commercial and government & defense, is driving the global wireless infrastructure market expansion. The commercial category accounted for the majority of the market share, and it is predicted to increase at a high rate over the forecast period. Increasing consumers in growing economies such as China, India, and other countries in the Asia Pacific area are among the important factors. Due to growing government expenditure to enhance the military and maritime sector to a big capability, the government & defense segment is predicted to rise at a quick rate. Most countries are modernizing their communication and satellite systems, which is expected to contribute to the market's growth in the Forecasted years.
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The global wireless infrastructure industry is expected to be dominated by the North American region. The rapid penetration of LTE and 4G services in industrialized countries such as the United States and Canada is credited with the company's market dominance. In the enterprise market in the United States, wireless device adoption is estimated to be over 95%. The move toward high-speed connectivity in the healthcare sector for video streaming surgeries is projected to propel the wireless infrastructure market forward.
The Asia Pacific region, on the other hand, is expected to be a major player in the global wireless infrastructure market. India has the world's largest Business Process Outsourcing (BPO) market, which necessitates extensive wireless infrastructure. The expanding global economy and growth into new markets have encouraged businesses to expand quickly. Enterprises are turning toward high-speed data solutions to handle higher volumes of data daily, allowing them to easily transfer data across multiple verticals and nations. Furthermore, a surge in workplace mobility, which allows workers to work from anywhere using their preferred wireless devices and platforms, has resulted in a higher demand for wireless communication.
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Wireless Infrastructure Market Driver
Wireless technology has changed dramatically in recent years as a result of good innovation around the world. The remote areas have now been touched by the continuous growth of mobile network coverage. Due to the severe rivalry in the sector, it has also reduced data consumption charges. Furthermore, some significant reasons are fuelling the wireless industry's growth and setting new records in terms of network traffic, wireless connection, and wireless infrastructure deployment. The debut of 5G mobile and fixed services in the United States in 2018 has increased network densification across the country, propelling market development.
The demand for wireless networks is being driven mostly by the exponential development of data usage on electronic devices such as defense electronics, cellphones, and rugged desktops. Because of the widespread use of internet-connected gadgets, mobile data traffic is likely to expand many times in the forecasted years. There are around 17.8 billion linked devices on the planet. Furthermore, approximately 7 billion of these gadgets are not computers or laptops, but sensors, receivers, and processors that allow users to monitor and manage daily activities via smartphones. The increasing need for electronic device digitization in the aerospace and military industries in numerous countries has increased internet and network usage in a variety of ways.
Wireless Infrastructure Market Restraint
Manufacturing businesses' main concerns are successful distribution and connectivity coverage. Technology advancements and new product development have resulted in a wider range of connections, which is expected to drive demand for this sort of infrastructure over the projection period. There are certain serious worries, such as standardization delays, which could stymie the market in the forecasted years. Furthermore, insufficient or delayed spectrum allotment could stymie the industry in the coming years. The large-scale expansion of wireless networks may generate certain important challenges, such as data privacy breaches and network breaches, impeding the industry's progress in the forecasted years.
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The dominance of these firms can be attributed to their comprehensive wireless product range of hardware, software solutions, and equipment, as well as considerable expenditure on R&D and strategic acquisitions. These businesses are pursuing a variety of growth methods, including mergers and collaborations. The companies are concentrating their efforts on new product development, product launch, long-term contracts with service providers, and long-term partnerships with OEMs, all of which will help them strengthen their position in the wireless industry.
Wireless Infrastructure Market Top Player's Company Profiles
Wireless Infrastructure Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Wireless Infrastructure Market Analysis, In 2021, the 5G category led the global Wireless Infrastructure Market. Companies have begun to use high-speed internet and web collaboration solutions to communicate with consumers and team members who are spread out around the globe. With a market share of more than 35%, North America is expected to dominate the Global Wireless Infrastructure Market. The increasing adoption of high-speed internet connections and the internet of things (IoT) have emerged as major trends in this market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 178.56 billion |
Market size value in 2031 | USD 427.43 billion |
Growth Rate | 11.27% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Wireless Infrastructure Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Wireless Infrastructure Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wireless Infrastructure Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Wireless Infrastructure Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Wireless Infrastructure Market size was valued at USD 178.56 billion in 2019 and is poised to grow from USD 202.43 billion in 2023 to USD 427.43 billion by 2031, growing at a CAGR of 11.27% in the forecast period (2024-2031).
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Report ID: SQSG45I2019
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