Global 5g New Radio Market Size & Outlook
The 5g new radio industry worldwide is expected to reach a projected revenue of US$ 251,367.6 million by 2030. A compound annual growth rate of 29.1% is expected of the worldwide 5g new radio industry from 2024 to 2030.
Revenue, 2023 (US$M)
$42,157.9
Forecast, 2030 (US$M)
$251,367.6
CAGR, 2024 - 2030
29.1%
Report Coverage
Worldwide
Global 5g new radio market, 2019-2030 (US$M)
Related Markets
Global 5g new radio market highlights
- The global 5g new radio market generated a revenue of USD 42,157.9 million in 2023 and is expected to reach USD 251,367.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 29.1% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 32,183.9 million in 2023.
- Software is the most lucrative offering segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 42,157.9 million |
| Market revenue in 2030 | USD 251,367.6 million |
| Growth rate | 29.1% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 26.6% of the global 5g new radio market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 3,292.0 million by 2030.
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5G New Radio Market Scope
5g new radio market segmentation & scope
Others
5G New Radio Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 5g new radio market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 5g new radio market will help companies and investors design strategic landscapes.
hardware was the largest segment with a revenue share of 76.34% in 2023. Horizon Databook has segmented the Global 5g new radio market based on hardware, software, service covering the revenue growth of each sub-segment from 2019 to 2030.
- Global 5G New Radio Offering Outlook (Revenue, USD Million, 2019-2030)
- Hardware
- Base Stations
- Customer Premises Equipment (CPE)
- Radio Units
- Antennas
- Others
- Software
- Service
- Hardware
- Global 5G New Radio Operating Frequency Outlook (Revenue, USD Million, 2019-2030)
- Sub-6 GHz
- mmWave
- Global 5G New Radio Architecture Outlook (Revenue, USD Million, 2019-2030)
- Non-Standalone (NSA)
- Standalone (SA)
- Global 5G New Radio Application Outlook (Revenue, USD Million, 2019-2030)
- enhanced Mobile Broadband (eMBB)
- Ultra-Reliable Low-Latency Communications (URLLC)
- massive Machine-Type Communications (mMTC)
- Global 5G New Radio Industry Outlook (Revenue, USD Million, 2019-2030)
- Telecom & IT
- Manufacturing
- Automotive
- Healthcare
- Retail
- Others (Energy & Utilities, Agriculture)
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Target buyers of Global 5g new radio market databook
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Our clientele includes a mix of 5g new radio market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global 5g new radio market , including forecasts for subscribers. This global databook contains high-level insights into Global 5g new radio market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global 5g new radio market statistics, by region, 2019-2030 (US$M)
Top 10 countries by 5g New Radio Market revenue, 2023 (USD Million)
Top 10 countries by 5g New Radio Market revenue, 2023 (USD Million)
Global 5g new radio market, by region, 2023 (US$M)
Related regional statistics
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