Product Code: ETC13230090 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global 5G New Radio Market was valued at USD 6.1 Billion in 2024 and is expected to reach USD 17.3 Billion by 2031, growing at a compound annual growth rate of 14.50% during the forecast period (2025-2031).
The Global 5G New Radio Market is experiencing rapid growth due to the increasing demand for high-speed, low-latency connectivity across various industries such as telecommunications, automotive, healthcare, and manufacturing. Key players in the market are investing heavily in research and development to enhance network infrastructure and develop advanced 5G NR technologies. The deployment of 5G networks is expected to revolutionize the way data is transmitted and processed, enabling the widespread adoption of IoT, AI, and other emerging technologies. North America and Asia Pacific regions are leading the market, driven by early adoption of 5G technology and supportive government initiatives. However, challenges such as spectrum allocation, infrastructure costs, and security concerns pose potential obstacles to market growth. Overall, the Global 5G New Radio Market is poised for significant expansion in the coming years as the technology continues to evolve and mature.
The Global 5G New Radio Market is experiencing significant growth driven by increasing demand for high-speed, low-latency connectivity across various industries such as healthcare, automotive, and manufacturing. Key trends include the deployment of standalone 5G networks, expansion of network coverage in rural areas, and advancements in network slicing technology for improved network efficiency. Opportunities in the market lie in the development of innovative 5G use cases like smart cities, connected vehicles, and industrial automation, as well as the emergence of new business models such as network-as-a-service and edge computing solutions. With the ongoing rollout of 5G infrastructure worldwide and the rising adoption of IoT devices, the Global 5G New Radio Market is poised for continued growth and innovation in the coming years.
The Global 5G New Radio Market faces several challenges, including the high cost of infrastructure deployment, spectrum availability and allocation issues, interoperability concerns, and regulatory hurdles. The transition to 5G requires significant investments in upgrading existing networks and building new infrastructure to support the advanced technology, which can be a barrier for many companies. Spectrum allocation for 5G networks is also a critical issue, as the demand for spectrum is increasing rapidly with the growing number of connected devices. Interoperability challenges arise due to the diverse range of technologies and standards in the 5G ecosystem, making it difficult for different devices and networks to communicate seamlessly. Additionally, regulatory challenges related to privacy, security, and data protection further complicate the adoption and deployment of 5G technology in various regions.
The Global 5G New Radio market is primarily driven by the increasing demand for high-speed mobile internet connectivity, rising adoption of Internet of Things (IoT) devices, and growing implementation of smart city initiatives. The need for faster data speeds, lower latency, and higher network capacity is propelling the deployment of 5G networks to support a wide range of applications across various industries including healthcare, automotive, manufacturing, and entertainment. Additionally, advancements in technology such as virtual reality (VR), augmented reality (AR), and artificial intelligence (AI) are driving the demand for 5G connectivity to enable seamless and immersive user experiences. The potential for enhanced network performance, improved efficiency, and new revenue opportunities for service providers are further fueling the growth of the 5G New Radio market globally.
Government policies related to the Global 5G New Radio Market vary across countries, with most emphasizing the importance of promoting innovation, investment, and competition in the 5G sector. Many governments have developed strategies to allocate spectrum for 5G networks, streamline regulations to accelerate deployment, and provide financial incentives to support infrastructure development. Additionally, there are initiatives to ensure cybersecurity, data protection, and privacy in 5G networks. Governments are also focusing on promoting collaboration between industry stakeholders, standardization bodies, and research institutions to drive the growth of 5G technology. Overall, government policies aim to create a conducive environment for the expansion of the Global 5G New Radio Market through a combination of regulatory frameworks, financial support, and strategic partnerships.
The Global 5G New Radio market is poised for significant growth in the coming years as the rollout of 5G networks accelerates worldwide. The increasing demand for high-speed mobile data, low latency connectivity, and the proliferation of Internet of Things (IoT) devices are driving the adoption of 5G technology. With advancements in technology and infrastructure development, the market is expected to witness a surge in investments from telecommunications companies, governments, and other stakeholders. Emerging applications such as autonomous vehicles, smart cities, and virtual reality are also expected to fuel the growth of the 5G New Radio market. Overall, the future outlook for the Global 5G New Radio market appears promising, with robust growth potential and opportunities for innovation and expansion across various industries.
In the Global 5G New Radio Market, Asia is expected to dominate due to rapid adoption of 5G technology in countries like China, South Korea, and Japan. North America is also a key player with major investments from telecommunications companies in the US. Europe is witnessing significant growth driven by initiatives to deploy 5G infrastructure across various countries. The Middle East and Africa region is showing promising growth potential with increasing demand for high-speed internet connectivity. Latin America is also emerging as a significant market for 5G deployment, with countries like Brazil and Mexico leading the way in implementation. Overall, each region is expected to contribute to the global 5G market growth, with Asia and North America leading in terms of market share and innovation.
Global 5G New Radio Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global 5G New Radio Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global 5G New Radio Market Revenues & Volume, 2021 & 2031F |
3.3 Global 5G New Radio Market - Industry Life Cycle |
3.4 Global 5G New Radio Market - Porter's Five Forces |
3.5 Global 5G New Radio Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global 5G New Radio Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.7 Global 5G New Radio Market Revenues & Volume Share, By Frequency, 2021 & 2031F |
3.8 Global 5G New Radio Market Revenues & Volume Share, By Architecture, 2021 & 2031F |
3.9 Global 5G New Radio Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.10 Global 5G New Radio Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Global 5G New Radio Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global 5G New Radio Market Trends |
6 Global 5G New Radio Market, 2021 - 2031 |
6.1 Global 5G New Radio Market, Revenues & Volume, By Offering, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global 5G New Radio Market, Revenues & Volume, By Hardware, 2021 - 2031 |
6.1.3 Global 5G New Radio Market, Revenues & Volume, By Software, 2021 - 2031 |
6.1.4 Global 5G New Radio Market, Revenues & Volume, By Services, 2021 - 2031 |
6.2 Global 5G New Radio Market, Revenues & Volume, By Frequency, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global 5G New Radio Market, Revenues & Volume, By Sub-6 GHz, 2021 - 2031 |
6.2.3 Global 5G New Radio Market, Revenues & Volume, By mmWave, 2021 - 2031 |
6.3 Global 5G New Radio Market, Revenues & Volume, By Architecture, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global 5G New Radio Market, Revenues & Volume, By Non-Standalone (NSA), 2021 - 2031 |
6.3.3 Global 5G New Radio Market, Revenues & Volume, By Standalone (SA), 2021 - 2031 |
6.4 Global 5G New Radio Market, Revenues & Volume, By Application, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global 5G New Radio Market, Revenues & Volume, By Enhanced Mobile Broadband (eMBB), 2021 - 2031 |
6.4.3 Global 5G New Radio Market, Revenues & Volume, By Ultra-reliable Low-Latency Communications (URLLC), 2021 - 2031 |
6.4.4 Global 5G New Radio Market, Revenues & Volume, By Massive Machine-TypeCommunications (mMTC), 2021 - 2031 |
6.5 Global 5G New Radio Market, Revenues & Volume, By Industry, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global 5G New Radio Market, Revenues & Volume, By Telecom & IT, 2021 - 2031 |
6.5.3 Global 5G New Radio Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.5.4 Global 5G New Radio Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.5.5 Global 5G New Radio Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.5.6 Global 5G New Radio Market, Revenues & Volume, By Retail, 2021 - 2031 |
6.5.7 Global 5G New Radio Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America 5G New Radio Market, Overview & Analysis |
7.1 North America 5G New Radio Market Revenues & Volume, 2021 - 2031 |
7.2 North America 5G New Radio Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
7.3 North America 5G New Radio Market, Revenues & Volume, By Offering, 2021 - 2031 |
7.4 North America 5G New Radio Market, Revenues & Volume, By Frequency, 2021 - 2031 |
7.5 North America 5G New Radio Market, Revenues & Volume, By Architecture, 2021 - 2031 |
7.6 North America 5G New Radio Market, Revenues & Volume, By Application, 2021 - 2031 |
7.7 North America 5G New Radio Market, Revenues & Volume, By Industry, 2021 - 2031 |
8 Latin America (LATAM) 5G New Radio Market, Overview & Analysis |
8.1 Latin America (LATAM) 5G New Radio Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) 5G New Radio Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) 5G New Radio Market, Revenues & Volume, By Offering, 2021 - 2031 |
8.4 Latin America (LATAM) 5G New Radio Market, Revenues & Volume, By Frequency, 2021 - 2031 |
8.5 Latin America (LATAM) 5G New Radio Market, Revenues & Volume, By Architecture, 2021 - 2031 |
8.6 Latin America (LATAM) 5G New Radio Market, Revenues & Volume, By Application, 2021 - 2031 |
8.7 Latin America (LATAM) 5G New Radio Market, Revenues & Volume, By Industry, 2021 - 2031 |
9 Asia 5G New Radio Market, Overview & Analysis |
9.1 Asia 5G New Radio Market Revenues & Volume, 2021 - 2031 |
9.2 Asia 5G New Radio Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia 5G New Radio Market, Revenues & Volume, By Offering, 2021 - 2031 |
9.4 Asia 5G New Radio Market, Revenues & Volume, By Frequency, 2021 - 2031 |
9.5 Asia 5G New Radio Market, Revenues & Volume, By Architecture, 2021 - 2031 |
9.6 Asia 5G New Radio Market, Revenues & Volume, By Application, 2021 - 2031 |
9.7 Asia 5G New Radio Market, Revenues & Volume, By Industry, 2021 - 2031 |
10 Africa 5G New Radio Market, Overview & Analysis |
10.1 Africa 5G New Radio Market Revenues & Volume, 2021 - 2031 |
10.2 Africa 5G New Radio Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa 5G New Radio Market, Revenues & Volume, By Offering, 2021 - 2031 |
10.4 Africa 5G New Radio Market, Revenues & Volume, By Frequency, 2021 - 2031 |
10.5 Africa 5G New Radio Market, Revenues & Volume, By Architecture, 2021 - 2031 |
10.6 Africa 5G New Radio Market, Revenues & Volume, By Application, 2021 - 2031 |
10.7 Africa 5G New Radio Market, Revenues & Volume, By Industry, 2021 - 2031 |
11 Europe 5G New Radio Market, Overview & Analysis |
11.1 Europe 5G New Radio Market Revenues & Volume, 2021 - 2031 |
11.2 Europe 5G New Radio Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe 5G New Radio Market, Revenues & Volume, By Offering, 2021 - 2031 |
11.4 Europe 5G New Radio Market, Revenues & Volume, By Frequency, 2021 - 2031 |
11.5 Europe 5G New Radio Market, Revenues & Volume, By Architecture, 2021 - 2031 |
11.6 Europe 5G New Radio Market, Revenues & Volume, By Application, 2021 - 2031 |
11.7 Europe 5G New Radio Market, Revenues & Volume, By Industry, 2021 - 2031 |
12 Middle East 5G New Radio Market, Overview & Analysis |
12.1 Middle East 5G New Radio Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East 5G New Radio Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey 5G New Radio Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East 5G New Radio Market, Revenues & Volume, By Offering, 2021 - 2031 |
12.4 Middle East 5G New Radio Market, Revenues & Volume, By Frequency, 2021 - 2031 |
12.5 Middle East 5G New Radio Market, Revenues & Volume, By Architecture, 2021 - 2031 |
12.6 Middle East 5G New Radio Market, Revenues & Volume, By Application, 2021 - 2031 |
12.7 Middle East 5G New Radio Market, Revenues & Volume, By Industry, 2021 - 2031 |
13 Global 5G New Radio Market Key Performance Indicators |
14 Global 5G New Radio Market - Export/Import By Countries Assessment |
15 Global 5G New Radio Market - Opportunity Assessment |
15.1 Global 5G New Radio Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global 5G New Radio Market Opportunity Assessment, By Offering, 2021 & 2031F |
15.3 Global 5G New Radio Market Opportunity Assessment, By Frequency, 2021 & 2031F |
15.4 Global 5G New Radio Market Opportunity Assessment, By Architecture, 2021 & 2031F |
15.5 Global 5G New Radio Market Opportunity Assessment, By Application, 2021 & 2031F |
15.6 Global 5G New Radio Market Opportunity Assessment, By Industry, 2021 & 2031F |
16 Global 5G New Radio Market - Competitive Landscape |
16.1 Global 5G New Radio Market Revenue Share, By Companies, 2024 |
16.2 Global 5G New Radio Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |