How big is the 5G equipment market | Market Overview & Forecast

Q: What is the current size and forecast of the 5G equipment market?

The market was valued at USD 68.2 billion in 2024 and is projected to reach USD 162.7 billion by 2031, growing at a CAGR of 13.3%.

Q: Which types of equipment are leading the market?

Base stations, small cells, antennas, routers, and RAN equipment dominate growth.

Q: What factors are driving demand?

5G rollout, digital transformation, edge computing, and industrial automation.

Q: What are the main challenges?

High capital investment, regulatory approvals, and supply chain constraints.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4826

Publication Date: Jul 2025

How big is the 5G Equipment Market?

According to 6Wresearch internal database and industry insights, the Global 5G equipment market was valued at approximately USD 68.2 billion in 2024 and is projected to reach USD 162.7 billion by 2031, growing at a CAGR of 13.3% during the forecast period.

This growth is driven by ongoing global deployment of 5G networks, increasing demand for high-speed connectivity, and government support for digital infrastructure.

Key Growth Drivers of the 5G Equipment Market

Massive rollout of 5G infrastructure by telecom operators across developed and emerging regions
Increased demand for high-speed, low-latency mobile broadband and industrial IoT networks
Government investments, spectrum auctions, and national 5G mission initiatives
Expansion of small cell networks and massive MIMO-enabled base stations
Growth in smart cities, autonomous transport, and connected healthcare systems

5G Equipment Market Trends

5G equipment market is rapidly shifting toward Open RAN-based architecture to enhance vendor flexibility and reduce deployment costs. The need of energy-efficient and compact small cells that could support dense rollouts inside urban areas increases. The massive MIMO technology is gaining popularity to improve the spectrum capacity and coverage. A combination with edge computing and radio management tools based on AI is also surging. Telcos and enterprises are increasingly deploying private 5G networks using modular 5G equipment to support secure, localized communication environments.

Emerging Developments in the 5G Equipment Market

Emerging developments include integration of satellite-based backhaul for remote connectivity and mm Wave 5G equipment for ultra-high-speed coverage. Power-saving options on their smartly designed 5G equipment, and renewable energy are in the focus. Vendors of equipment are keen on 5G RAN virtualization and cloud-based control systems to facilitate easier operations. The improvement of chipsets is facilitating the multifunctional equipment’s that can support more than one frequency band. Joint ventures between telecom operators and cloud providers are accelerating adoption of edge-optimized 5G equipment.