Increase in network densification, surge in mobile data traffic with increased penetration of smartphone and tablets, and rise in investments in 5G infrastructure by various governments drive the global small cell 5G network market growth.
Allied Market Research published a research report on the small cell 5G network market. The findings of the report states that the global market for small cell 5G network generated $858.0 million in 2020, and is estimated to reach $19.62 billion by 2030, growing at a CAGR of 37.1% from 2021 to 2030. The report offers valuable information on changing market trends, key segments, key investment pockets, and competitive landscape for market players, shareholders, investors, and new entrants.
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Rachita Rake, Research Analyst, ICT at Allied Market Research, highlighted, “Asia-Pacific is expected to observe highest growth rate during the forecast period. The mobile cellular industry in Asia-Pacific is rolling out diverse technical and commercial solutions with the arrival of small cells for 5G networks. This is a major factor driving the adoption of small cell 5G networks in this region. State-owned mobile operators in China such as China Mobile, China Unicom, and China Telecom have invested in a 5G national action plan to orchestrate its industry R&D and deployment efforts through central government support. According to study published by the European Parliament, the overall investments are expected to be high and for long term, to 2030, with at least $30.76 billion per year.”
The report provides a comprehensive analysis of drivers, restrains, and opportunities to help market players in devising strategies and tap on opportunities. Increase in network densification, surge in mobile data traffic with increased penetration of smartphone and tablets, and rise in investments in 5G infrastructure by various governments drive the global small cell 5G network market growth. In addition, the emergence of Citizens Broadband Radio Service (CBRS) band supplements the market growth. However, concerns about the fiber backhaul and challenges about small cell deployment restrain the market growth. Contrarily, emergence of internet of things (IoT) and demand for ultra-reliable communications create numerous opportunities in the coming years.
The research provides a detailed scenario of Covid-19 along with highlighting its impact on the small cell 5G network market across the world. The government and private sectors in developing nations joined hands to speed up the development of 5G infrastructure during the pandemic. In Thailand, mobile network operators (MNO) collaborated with governments to provide 5G networks for hospitals. In addition, the outbreak of Covid-19 surged digitization across different industry verticals for gaining rapid, reliable, and high-capacity fifth-generation networks along with excellent connectivity.
The report offers an extensive analysis of segments of the global small cell 5G network market based on component, radio technology, frequency band, cell type, application, end user, and region. These insights are helpful in determining the highest revenue generating and fastest growing segments. Based on component, the services segment is projected to register the highest CAGR of 39.0% from 2021 to 2030. However, the solution segment held the highest market share in 2020, accounting for nearly two-thirds of the total share, and is expected to maintain its leadership status during the forecast period.
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Based on end user, the commercial segment contributed to the highest share in 2020, accounting for nearly half of the small cell 5G network market, and is projected to maintain its dominance in terms of revenue during the forecast period. However, the smart city segment is expected to witness the largest CAGR of 44.9% from 2021 to 2030. On the basis of region, North America accounted for the highest share, contributing to around half of the total share in 2020, and is projected to continue its lead position in terms of revenue by 2030.
Leading players of the global small cell 5G network market analyzed in the research include Altiostar Networks, Inc., Aviat Networks, Inc., Baicells Technologies, Blinq Networks, Cambium Networks Corporation, Casa Systems, Inc., Ceragon Networks Ltd., Comba Telecom Systems Holdings Ltd., and others.
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