5G Technology Market, Global Outlook and Forecast 2024-2030
The global 5G Technology market is projected to reach US$ 80950 million by 2030.
5G technology is the fifth-generation wireless technology, which is in its developmental stage, and is expected to be commercialized in the coming two to three years. The technologys operational speed is expected to be several times faster than the existing wireless technologies (1G, 2G, 3G, and 4G) and significantly penetrate the 2G and 3G wireless markets. High speed, faster download speed, low cost, and expansion in the Internet of Things (IOT) market drive the 5G technology market.
This report contains market size and forecasts of 5G Technology in Global, including the following market information:
- Global 5G Technology Market Size 2025-2030, ($ millions)
5G is a key and cross-age technology that opens the era of the Internet of Everything, and all countries are grabbing market share. The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.
China is a leader in 5G technology. According to the latest statistics from the Ministry of Industry and Information Technology, China newly added 887,000 5G base stations in 2022 (currently reaching 2.312 million, accounting for more than 60% of the world's total), and 110 cities in China have reached gigabit city construction standard. According to the Digital China Development Report (2022) released by the State Internet Information Office, by the end of 2022, China had built a total of 2.312 million 5G base stations, with 561 million 5G users, accounting for more than 60% of the world.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the 5G Technology companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global 5G Technology Market, by Type, 2025-2030 ($ millions)
Global 5G Technology Market Segment Percentages, by Type
Global 5G Technology Market, by Application, 2025-2030 ($ millions)
Global 5G Technology Market Segment Percentages, by Application
- Smart Home
- Autonomous Driving
- Smart Cities
- Industrial IoT
- Smart Farming
- Others
Global 5G Technology Market, By Region and Country, 2025-2030 ($ Millions)
Global 5G Technology Market Segment Percentages, by region and country
- United States
- Europe
- Asia
- China
- Rest of World
Competitor Analysis
The report also provides analysis of leading market participants including:
key players include:
- Qualcomm(US)
- Intel(US)
- Ericsson(SE)
- Samsung(KR)
- NEC(JP)
- Mediatek(TW)
- Cisco(US)
- Marvell(US)
- Qorvo(US)
- Huawei(CN)
- ZTE(CN)
