South Korea 5g New Radio Market Size & Outlook, 2023-2030
South Korea 5g new radio market, 2019-2030 (US$M)
Related Markets
South Korea 5g new radio market highlights
- The South Korea 5g new radio market generated a revenue of USD 3,029.8 million in 2023 and is expected to reach USD 19,987.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 30.9% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating offering in 2023.
- Software is the most lucrative offering segment registering the fastest growth during the forecast period.
5g new radio market data book summary
| Market revenue in 2023 | USD 3,029.8 million |
| Market revenue in 2030 | USD 19,987.9 million |
| Growth rate | 30.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | Huawei Technologies, Qualcomm Inc, Telefonaktiebolaget L M Ericsson ADR, Samsung Electronics Co Ltd, Intel Corp, Cisco Systems Inc, Fujitsu Ltd, NEC Corp, Verizon Communications Inc, Keysight Technologies Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 7.2% of the global 5g new radio market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China 5g new radio market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 19,987.9 million by 2030.
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5G New Radio Market Scope
5G New Radio Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 76.99% in 2023. Horizon Databook has segmented the South Korea 5g new radio market based on hardware, software, service covering the revenue growth of each sub-segment from 2019 to 2030.
- South Korea 5G New Radio Offering Outlook (Revenue, USD Million, 2019-2030)
- Hardware
- Base Stations
- Customer Premises Equipment (CPE)
- Radio Units
- Antennas
- Others
- Software
- Service
- Hardware
- South Korea 5G New Radio Operating Frequency Outlook (Revenue, USD Million, 2019-2030)
- Sub-6 GHz
- mmWave
- South Korea 5G New Radio Architecture Outlook (Revenue, USD Million, 2019-2030)
- Non-Standalone (NSA)
- Standalone (SA)
- South Korea 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)
- South Korea 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 South Korea 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea 5g new radio market , including forecasts for subscribers. This country databook contains high-level insights into South Korea 5g new radio market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea 5g new radio market size, by offering, 2019-2030 (US$M)
South Korea 5G New Radio Market Outlook Share, 2023 & 2030 (US$M)
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