5G Devices Market

Global 5G Devices Market Size, Share, Forecast: By Form Factor: Smartphones, Tablet, Modules, CPE (Indoor/Outdoor), Hotspots, Industrial Grade CPE/Router/Gateway, Others; By Spectrum Support: Sub-6 GHz, mmWave, Both Spectrum Bands; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2023-2028

Global 5G Devices Market Outlook

The global 5G devices market size reached approximately USD 9 billion in 2022. The market is further projected to grow at a CAGR of 47.20% between 2023 and 2028, reaching a value of USD 108.1 billion by 2028.

 

Key Trends in the Market

5G stands for fifth generation and 5G device refers to electronic devices including mobile phones that use the fifth generational mobile network to connect machine, devices, and objects virtually. It is engineered to increase the speed and responsiveness of the wireless networks.

 

  • Infrastructural development such as upgradation of existing modems and towers, among others, along with  growing adoption of wearable technologies is supporting the market expansion. Rising requirement for speed data connectivity owing to increase in work from home is fuelling the 5G devices market growth.
  • The demand for 5G devices from the healthcare and automobile sectors is rising rapidly owing to their capability to support high speed data transfer rate, consistent connectivity, and low latency. Moreover, government initiative to develop smart cities are further boosting the requirement for 5G infrastructure to allow device connectivity and deployment of sensors.
  • Several businesses are increasingly investing in a new densified network infrastructure that contains more and smaller cells along with more potent processors. 5G allows for industrial automation and smart manufacturing by enabling multiple advances including computer vision and machine learning, among others.

 

Global 5G Devices Market Analysis

Based on form factor, the market is divided into smartphones, tablet, modules, CPE (Indoor/Outdoor), hotspots, and industrial grade CPE/router/gateway. By spectrum support, the market is classified into sub-6 GHz, mmWave, and both spectrum bands. On the basis of region, the 5G devices market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • ZTE Corporation
  • Samsung Electronics Co. Ltd
  • Xiaomi Corporation
  • Lenovo Group Limited
  • Nokia Corporation
  • Huawei Technologies Co., Ltd.
  • Apple Inc.
  • Telefonaktiebolaget LM Ericsson
  • Cisco Systems, Inc.
  • Qualcomm Technologies, Inc.
  • Others

 

Market Share by Form Factor

Smartphones are expected to account for a significant 5G devices market share over the forecast period. This growth can be attributed to the increasing popularity of various data intensive applications including gaming and video streaming, among others. The growing technological advancements and rising demand for massive connectivity, ultra-high bandwidth, and ultra-low latency in the smartphones is further supporting the segment growth. The increased requirement for high-speed data for IoT applications is further propelling the requirement for 5G smartphones.

 

Market Share by Region

North America is anticipated to hold a significant share of the market over the forecast period owing to the increasing launch of commercial 5G services for mobile broadbands. Introduction of 5G devices which are capable of supporting all three frequency bands are anticipated to encourage the adoption of 5G technology in the region. Increase in the number of fixed wireless access and improved infrastructural support for 5G roll out is further to boosting the 5G devices market demand.

 

Competitive Landscape

ZTE Corporation was founded in 1985 and is headquartered in Shenzhen, China. The telecommunications company provides integrated solutions and innovative technologies for consumers, government enterprise, and global operators.

 

Samsung Electronics Co. Ltd is an electronics company that was founded in 1969 and is headquartered in Suwon-si, South Korea. The company specialises in device solutions, consumer electronics, and IT and mobile communications, among others.

 

Xiaomi Corporation was established in 2010 and has its headquarters located in Beijing, China. The software development company pursues innovation, operational efficiency, and high-quality user experience.

 

Other 5G devices market key players include Lenovo Group Limited, Nokia Corporation, Huawei Technologies Co., Ltd., Apple Inc., Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., and Qualcomm Technologies, Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Form Factor
  • Spectrum Support
  • Region
Breakup by Form Factor
  • Smartphones
  • Tablet
  • Modules
  • CPE (Indoor/Outdoor)
  • Hotspots
  • Industrial Grade CPE/Router/Gateway
  • Others
Breakup by Spectrum Support
  • Sub-6 GHz
  • mmWave
  • Both Spectrum Bands
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ZTE Corporation
  • Samsung Electronics Co. Ltd
  • Xiaomi Corporation
  • Lenovo Group Limited
  • Nokia Corporation
  • Huawei Technologies Co., Ltd.
  • Apple Inc.
  • Telefonaktiebolaget LM Ericsson
  • Cisco Systems, Inc.
  • Qualcomm Technologies, Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
  
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global 5G Devices Market Analysis

    8.1    Key Industry Highlights
    8.2    Global 5G Devices Historical Market (2018-2022) 
    8.3    Global 5G Devices Market Forecast (2023-2028)
    8.4    Global 5G Devices Market by Form Factor
        8.4.1    Smartphones
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Tablet  
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Modules
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    CPE (Indoor/Outdoor)
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    Hotspots
            8.4.5.1    Historical Trend (2018-2022)
            8.4.5.2    Forecast Trend (2023-2028)
        8.4.6    Industrial Grade CPE/Router/Gateway
            8.4.6.1    Historical Trend (2018-2022)
            8.4.6.2    Forecast Trend (2023-2028)
        8.4.7    Others
    8.5    Global 5G Devices Market by Spectrum Support
        8.5.1    Sub-6 GHz
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    mmWave
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Both Spectrum Bands
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
    8.6    Global 5G Devices Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)
9    North America 5G Devices Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
10    Europe 5G Devices Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific 5G Devices Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022)
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022)
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022)
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America 5G Devices Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa 5G Devices Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022)
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022)
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022)
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022)
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants 
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    ZTE Corporation 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Samsung Electronics Co. Ltd 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Xiaomi Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Lenovo Group Limited 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Nokia Corporation 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Huawei Technologies Co., Ltd.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Apple Inc. 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Telefonaktiebolaget LM Ericsson
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Cisco Systems, Inc.
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Qualcomm Technologies, Inc. 
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Other
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global 5G Devices Market: Key Industry Highlights, 2018 and 2028
2.    Global 5G Devices Historical Market: Breakup by Form Factor (USD Billion), 2018-2022
3.    Global 5G Devices Market Forecast: Breakup by Form Factor (USD Billion), 2023-2028
4.    Global 5G Devices Historical Market: Breakup by Spectrum Support (USD Billion), 2018-2022
5.    Global 5G Devices Market Forecast: Breakup by Spectrum Support (USD Billion), 2023-2028
6.    Global 5G Devices Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global 5G Devices Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America 5G Devices Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America 5G Devices Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe 5G Devices Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe 5G Devices Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific 5G Devices Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific 5G Devices Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America 5G Devices Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America 5G Devices Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa 5G Devices Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa 5G Devices Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global 5G Devices Market Structure

Key Questions Answered in the Report

The market reached a value of approximately USD 9 billion in 2022.

The market is projected to grow at a CAGR of 47.20% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 108.1 billion by 2028.

The major market drivers include development of smart cities and increasing utilisation of 5G devices for industrial automation.

The key trends fuelling the growth of the market rising demand from automobile and healthcare sectors and growing speed data connectivity owing to increase in work from home.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant spectrum supports include sub-6 GHz, mmWave, and both spectrum bands.

The key players in the market are ZTE Corporation, Samsung Electronics Co. Ltd, Xiaomi Corporation, Lenovo Group Limited, Nokia Corporation, Huawei Technologies Co., Ltd., Apple Inc., Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., and Qualcomm Technologies, Inc., among others.

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