How big is the Global 5G Market?

The Global 5G Market size is expected to reach USD 28.03 billion in 2024 and grow at a CAGR of 16.80% to reach USD 60.93 billion by 2029. Read More

What is the current Global 5G Market size?

In 2024, the Global 5G Market size is expected to reach USD 28.03 billion. Read More

Who are the key players in Global 5G Market?

Qualcomm Technologies Inc., Samsung Group, Huawei Technologies Co. Ltd, ZTE Corporation and MediaTek Inc. are the major companies operating in the Global 5G Market. Read More

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

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

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

In 2023, the Global 5G Market size was estimated at USD 24 billion. The report covers the Global 5G Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global 5G Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

5G Techonology Market - Share, Growth & Industry Report

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

Global 5G Techonology Market Size and Landscape analyses the detailed coverage of 5G Adoption (Macro cell-site, Small cell-site), 5G Connections (Mobile Broadband, Fixed Wireless Access, M2M&IoT, Mission Critical), 5G Devices (by form factor (smartphone, CPE (indoor, outdoor), modules, hotspot, laptops, industrial grade), by spectrum support(sub-6 GHz, mmwave)), 5g Chipset (by IC type (RFIC, ASIC, mmWave IC, cellular IC), by Deployment (device, CPE, network infrastructure) and by region. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments

5G Industry Overview

The 5G market Landspace is highly consolidated. All the companies involved in the production continue to enhance their product offerings frequently, leveraging their high R&D capabilities and investments, leaving the current market scenario highly competitive and mostly market incumbents.

In August 2022, Chinese chip manufacturer UNISOC released its second-generation 5G chip in the second half of 2022 or the first part of 2023. Extreme ultraviolet (EUV) technology, a crucial process for advanced chip manufacturing, was reportedly used by UNISOC to start mass-producing 6nm 5G devices. UNISOC already has three distinct types of 5G chips on the market.

In May 2022, MediaTek introduced Dimensity 1050 system-on-chip [SoC], the company's first mmWave 5G chipset, which offers seamless connection, displays, gaming, and power efficiency. Dimensity 930 and Helio G99 are two other chipsets that were also introduced as part of the company's expansion of its 5G and gaming chipset families. The Dimensity 1050 is constructed using an octa-core CPU and the TSMC 6nm fabrication process, combining mmWave 5G and sub-6GHz to aid network spectrum migration.