5G Base Station Equipment Market Size, Share, Opportunities, And Trends By Deployment (Urban, Rural), By Architecture (AAU, BBU), By Technology (O-RAN, Traditional RAN), By Configuration (Standalone, Non-Standalone), By Frequency Band (Sub-6 GHz, MmWave), And By Geography - Forecasts From 2024 To 2029

The 5G base station equipment market is anticipated to reach US$48.159 billion in 2029 from an initial value of US$16.144 billion in 2022 at a CAGR of 16.90%.

GROWTH DRIVERS

• Favorable government and investment are augmenting the market expansion

The ongoing transition towards high-speed connectivity and wireless networks has provided major scope for 5G technology, and governments worldwide are supporting the ongoing technological shift by taking regular initiatives that would prompt 5G deployment at a faster rate. For example, the European Union’s “5G Action Plan” aims to ensure 5G deployment across Europe, and by 2030, the plan aims to cover all the populated areas with 5G connectivity. To bolster the deployment the union has undertaken various investments as well.

Likewise, major telecom operators are also investing in 5G technology. For instance, according to the “2023 Interim Report” of China Mobile Limited, in the 1H of 2023, the company’s investment in 5G networks reached RMB42.3 billion. By the end of June 2023, it had put into use 1.761 million 5G base stations inclusive of 5,78,000 700MHz base stations.

5G KEY TARGETS CONCERNING DEPLOYMENT AND SECURITY

Though 5G technology is on the rise, to ensure that the necessary infrastructure is established uniformly to support the long technological run, various rules and regulations have been set up by the governing authorities. For instance, the “National Strategy to Secure 5G” implemented by the US government aimed to safeguard the 5G infrastructure domestically and abroad.

Growing Investments and Faster Deployment of 5G Technology

The roll-out of 5G technology has opened new opportunities for wireless communications. With the bolstering growth in the high-speed bandwidth demand, the strength of subscribers for 5G technology has been given a major push. For example, according to the GSM “Mobile Economy 2023”, the 5G adoption is set to reach 54% globally by 2030, thereby providing services to 5.4 billion people

Major nations, namely the United States, China, the EU, and South Korea, among others, are standing at the forefront of implementing strategic investments to bolster 5G access. Likewise, in nations like India, the 5G roll-out began in October 2022, and ever since, the government has shown remarkable progress in 5G deployments. For instance, according to the data provided by the Department of Telecommunication, 5G BTS deployment in India reached 4,46,000 as of May 2024, representing 33,786 additions over April 2024.

Moreover, the growing investments by telecommunication companies have given an additional push to accelerate the deployment of 5G networks.

• For example, in September 2023, Bharti Airtel, within one year of its “Airtel 5G Plus” launch, announced that the company reached a threshold of 50 million 5G customers on its network. The Airtel 5G Plus service is available in 28 states and 8 union territories. The company shares locations in 17 countries across Africa and South Asia and has undertaken various initiatives to expand its 5G network coverage in potential markets.

EMERGING OPPORTUNITIES IN THE GLOBAL 5G BASE STATION EQUIPMENT MARKET

Standalone

Based on configuration, the 5G base station equipment market is divided into standalone and non-standalone, where the former is projected to show remarkable growth. Standalone is one of the core 5G network elements, as it assists in managing connectivity, mobility, and user authentication, among other essential management functions. Growing 5G expansion emphasizes an effective distribution network, positively impacting the standalone configuration demand. Moreover, product launches and strategic partnerships are being implemented. For instance,

• In February 2023, Orange, in collaboration with Ericsson, launched the latter’s 5G standalone network in Spain powered by Ericsson’s “Dual-Mode 5G Core”. The network roll-out marks a significant milestone of Orange’s 5G commitment. It will be established in Barcelona, Madrid, Sevilla, and Valencia, offering better indoor 5G connectivity to customers.
• In October 2022, Ericsson formed a long-term 5G strategic contract with Indian telecom Reliance Jio Infocom Ltd. to roll out the latter’s 5G SA. The will be based on Ericsson's “5G Radio Access Network (RAN)” and transform India’s digital landscape by showcasing a technology leap towards modern network infrastructure.

O-RAN

The emergence of several base station regulations and standards, in addition to their transition to open systems and developments in hardware performance, has enabled the global adoption of Open RAN. This permits the procurement of equipment from many manufacturers. Various O-RAN tests have been announced to better understand the current system.

• For instance, in May 2024, Samsung Electronics, in partnership with O2 Telefónica, launched its Open RAN commercial site in Germany with the aim of expanding to seven additional sites. Open RAN technologies would use modern network infrastructure to provide customers with a seamless experience.
• For instance, in March 2023, Rakuten Symphony launched its OPEN RAN Customer Experience center in UK, which would bolster the two nations commitment to strengthen their technological cooperation in telecoms networks that would support advancements of O-RAN technologies to bolster a secure 5G infrastructure establishment in the United Kingdom.

GEOGRAPHICAL PRESENCE

The global 5G base station equipment market comprises major economies, including the USA, China, Japan, the UK, and South Korea. All of these countries are undertaking various initiatives to bolster their 5G deployment.

• For instance, in September 2023, the U.S. National Science Foundation announced an investment of US$25 million to further 5G communication infrastructure. The investment would support the development of a secured 5G network that would be used in the critical infrastructure sector federal government and the US military.

MAJOR MARKET PLAYERS

Some of the leading market players include Ericsson, Nokia, Fujitsu, and NEC. These firms have undertaken various business strategies such as product launches, investments, and partnerships to expand their product offerings. For instance,

• In October 2022, Nokia won a multi-year deal from Reliance Jio to supply 5G RAN (Radio Access Network) equipment for its “AirScale” portfolio countrywide that would bolster Reliance’s 5G network coverage. Other products from the AirScale portfolio include massive 5G MIMO antennas, remote radio heads, and self-organizing network software.
• In January 2022, NEC Corporation introduced its two new compact base station models under its “UNIVERGE RV1000” series. These models comprise RUs, DUs, and CUs in a single enclosure and will be used for small-scale networks. The company further announced that it would initiate the sale of its standalone and non-standalone base station models by the second quarter of 2022.

5G Base Station Equipment Market Scope: 

 

Report Metric	Details
Market Size Value in 2022	US$16.144 billion
Market Size Value in 2029	US$48.159 billion
Growth Rate	CAGR of 16.90% from 2022 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2023
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Deployment Architecture Technology Configuration Frequency Band Geography
Companies Covered	NEC Fujitsu Huawei Technologies Co., Ltd. Samsung ZTE
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

The 5G Base Station Equipment market is segmented and analyzed as follows:

• By Deployment
  • Urban
  • Rural
• By Architecture
  • AAU
  • BBU
• By Technology
  • O-RAN
  • Traditional RAN
• By Configuration
  • Standalone
  • Non-Standalone
• By Frequency Band
  • Sub 6-Ghz
  • mmWave
• By Geography
  • Americas
    • United States
    • Others
  • Europe, Middle East, and Africa
    • Germany
    • UK
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Bandwidth Availability

4.4. Number of Users

5. GOVERNMENT REGULATIONS/POLICIES

6. GLOBAL 5G BASE STATION EQUIPMENT MARKET, BY DEPLOYMENT

6.1. Introduction 

6.2. Urban 

6.3. Rural

7. GLOBAL 5G BASE STATION EQUIPMENT MARKET, BY ARCHITECTURE

7.1. Introduction

7.2. AAU

7.3. BBU

8. GLOBAL 5G BASE STATION EQUIPMENT MARKET, BY TECHNOLOGY

8.1. Introduction

8.2. O-RAN

8.3. Traditional RAN

9. GLOBAL 5G BASE STATION EQUIPMENT MARKET, BY CONFIGURATION

9.1. Introduction

9.2. Standalone

9.3. Non-Standalone

10. GLOBAL 5G BASE STATION EQUIPMENT MARKET, BY FREQUENCY BAND

10.1. Introduction

10.2. Sub-6 GHz

10.3. mmWave

11. GLOBAL 5G BASE STATION EQUIPMENT MARKET, BY GEOGRAPHY

11.1. Introduction

11.2. Americas

11.2.1. United States

11.2.2. Others

11.3. Europe, Middle East and Africa

11.3.1. Germany

11.3.2. UK

11.3.3. Others

11.4. Asia Pacific

11.4.1. China

11.4.2. Japan

11.4.3. South Korea

11.4.4. Others

12. RECENT DEVELOPMENT AND INVESTMENTS

13. COMPETITIVE ENVIRONMENT AND ANALYSIS

13.1. Major Players and Strategy Analysis

13.2. Vendor Competitiveness Matrix

14. COMPANY PROFILES

14.1. NEC

14.2. Fujitsu

14.3. Huawei Technologies Co., Ltd.

14.4. Samsung

14.5. ZTE

14.6. Nokia

14.7. Ericsson

NEC

Fujitsu

Huawei Technologies Co., Ltd.

Samsung

ZTE

Nokia

Ericsson