Market Trends of 5G Base Station Industry
Smart Cities to Witness Major Growth
- 5G technology is an enabling technology for IoT, and as smart cities essentially rely on IoT, the demand for 5G base stations is driven by the growing use cases of 5G in smart cities.
- In addition, the combination of high density and low latency offered by 5G technology will deeply transform smart cities, thus further indicating strong demand for 5G base stations in smart city applications worldwide.
- Small cells are analyzed by type to hold a significant share in the smart cities segment during the forecast period. The small cells are low-power base stations vital to providing coverage and capacity in specific locations, such as streets, buildings, and malls, thus gaining significant traction in smart city applications.
- Further, the role of a small cell 5G base station is becoming paramount to roll out technologies such as 5G in smart cities. Market vendors recognize the need to deploy small cells to increase the capacity and coverage of mobile networks in dense cities. Such developments are analyzed to help city councils in smart city planning and subsequently drive the market's growth.
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Asia-Pacific to Register Major Growth
- Asia-Pacific's robust investments in 5G technology, spearheaded by companies like Huawei and ZTE Corporation, fuel the rapid deployment of 5G base stations. Additionally, government initiatives, a push for digitization, and high smartphone penetration in Asia-Pacific nations are bolstering the demand for 5G base stations.
- By the close of 2023, China had a staggering 805 million 5G users, as the Ministry of Industry and Information Technology (MIIT) reported. Also, the GSMA predicts that by 2025, 40-50% of China's mobile users could be on 5G networks. These statistics underscore the robust deployment of 5G base stations by market vendors in China.
- The industrial sector, particularly in Japan, China, and South Korea, is expected to drive 5G base station growth in Asia-Pacific. The rising adoption of IoT and Industry 4.0 in these countries fuels demand for 5G base stations, enabling industrial automation and smart factory solutions.
- Asia-Pacific is poised for robust growth in the global 5G base station market. This growth is underpinned by several factors, including strong governmental support for rapid 5G deployment, an expanding 5G user base, increasing tech adoption in end-user industries, and a surging demand for high-speed, low-latency connectivity across the region.
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