How big is the 5G Devices Market?

The 5G Devices Market size is expected to reach 4.85 billion units in 2024 and grow at a CAGR of 61.76% to reach 53.77 billion units by 2029. Read More

What is the current 5G Devices Market size?

In 2024, the 5G Devices Market size is expected to reach 4.85 billion units. Read More

Who are the key players in 5G Devices Market?

ZTE Corporation, Nokia Corporation, Cisco Systems Inc, Huawei Technologies Co. Ltd and Samsung Electronics Co. Ltd are the major companies operating in the 5G Devices Market. Read More

Which is the fastest growing region in 5G Devices Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in 5G Devices Market?

In 2024, the North America accounts for the largest market share in 5G Devices Market. Read More

What years does this 5G Devices Market cover, and what was the market size in 2023?

In 2023, the 5G Devices Market size was estimated at 3 billion units. The report covers the 5G Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the 5G Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

5G Devices Market - Share, Forecast, & Growth

5G Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global 5G Equipment Market is Segmented by Form Factor (Modules, CPE (Indoor/Outdoor), Smartphones, Hotspots, Laptops, Industrial Grade CPE/Router/Gateway), Spectrum Support (Sub-6 GHz, mmWave, Both Spectrum Bands), and Geography (North America (United States, Canada), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of MEA). The market size and forecast are provided in terms of values (USD billion) for all the above segments.

5G Devices Industry Overview

The 5G devices market is moderately competitive and consists of many global and regional players. These players account for a considerable market share and focus on expanding their customer base. The vendors focus on the research and development investment in introducing new solutions, strategic partnerships, and other organic & inorganic growth strategies to earn a competitive edge over their counterparts.

September 2022 - HMD Global launched the new Nokia X30 5G smartphone and a few more Nokia products at IFA 2022 in Berlin, Germany, featuring around eleven 5G bands.
August 2022 - Bharti Airtel (Airtel) announced signing 5G network agreements with Ericsson, Nokia, and Samsung to commence 5G deployment in August 2022. The partnership with Samsung to supply 5G equipment and solutions would begin in 2022, along with the older partners, Nokia and Ericsson. The 5G partnerships would follow closely on the edge of spectrum auctions conducted by the Department of Telecom in India, where Airtel bid for and acquired 19867.8 MHZ spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz frequencies.