South Korea Small Cell 5g Network Market Size & Outlook
South Korea small cell 5g network market, 2019-2030 (US$K)
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South Korea small cell 5g network market highlights
- The South Korea small cell 5g network market generated a revenue of USD 117,834.3 thousand in 2023 and is expected to reach USD 5,524,414.3 thousand by 2030.
- The South Korea market is expected to grow at a CAGR of 73.3% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Small cell 5g network market data book summary
| Market revenue in 2023 | USD 117,834.3 thousand |
| Market revenue in 2030 | USD 5,524,414.3 thousand |
| Growth rate | 73.3% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Hardware, Services |
| Key market players worldwide | Huawei Technologies, Samsung Electronics Co Ltd, Nokia Oyj, Telefonaktiebolaget L M Ericsson ADR, ZTE Corp Class H, Fujitsu Ltd, CommScope Holding Co Inc, Comba Telecom Systems Holdings Ltd, Rakuten Group Inc, Airspan Networks Holdings Inc, Ceragon Networks Ltd, Corning Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.3% of the global small cell 5g network market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China small cell 5g network market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,676,150.1 thousand by 2030.
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Small Cell 5G Network Market Scope
Small Cell 5G Network Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea small cell 5g network 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 small cell 5g network market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 73.22% in 2023. Horizon Databook has segmented the South Korea small cell 5g network market based on hardware, services covering the revenue growth of each sub-segment from 2019 to 2030.
The increasing demand for 5G is fueling the growth of the small cell 5G network market. According to the South Korean Ministry of Science and ICT, by February 2022, the country’s mobile operators deployed nearly 202,903 5G base stations across South Korea. In addition, the number of domestic 5G subscribers reached 21.57 million by the end of February 2022.
Furthermore, in April 2021, Nokia Corporation announced an agreement with a South Korean mobile network operator, LG Uplus Corp., to expand 5G coverage by installing 5G small cell solutions from Nokia Corporation’s AirScale product portfolio across South Korea, allowing uniform 5G outdoor and indoor connectivity.
Through this deployment, Nokia Corporation installed its next-generation, cost-effective small cell AirScale Indoor Radio (ASiR) systems in various indoor locations, including office buildings and shopping malls. Such initiatives are expected to boost the growth of the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea small cell 5g network market , including forecasts for subscribers. This country databook contains high-level insights into South Korea small cell 5g network market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea small cell 5g network market size, by component, 2019-2030 (US$K)
South Korea Small Cell 5G Network Market Outlook Share, 2023 & 2030 (US$K)
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