5G is referred as fifth generation technology for the cellular networks. In 5G networks, 5G devices are segmented into cells and small geographical areas. Every 5G device belongs to the cell, which is connected to the telephone network or internet through an antenna present in the cell. One of the main benefits of the 5G technology is that it has higher bandwidth and thus provides high internet speed as well as downloads speed. 5G networks give download speeds up-to 10 GB per second. Rising adoption of connectivity, wearable technology and digital applications is also likely to drive growth for players in the 5G devices market. Furthermore, up-gradation of existing supporting infrastructure such as towers, modems, and other supporting infrastructure will present key opportunities for new players. Growth of 5G devices market is predicted to drive considerable opportunities as adoption of 5G technology has received positive signals around the globe.
As per analysis, North America 5G Devices Market 2020-2030 by Device Type, Frequency Band (High-band, Mid-band, Low-band), Application, End User (Residential, Enterprises, Government), and Country: Trend Forecast and Growth Opportunity the key companies operating in the North-America 5G devices market include China Mobile, Korea Telecom, Cavium, Cisco, Analog Devices, Ericsson, Leapfrog 5G Devices, Huawei, MACOM, Mediatek, Intel, Qorvo, T-Mobile, NEC, Samsung, Verizon Communications, SK Telecom, Nokia, ZTE and among others. Leading players are estimated to provide more advanced communication & network access solutions in 5G devices for maintaining the dominance and market position throughout the forecast period.
By device type, North-America 5G devices market market is divided as 5G hotspot devices, smart-phones, wearable devices and tablets. By frequency type, market is divided as low-band (sub 1 Gz) frequency, mid-band (sub 6 Gz) frequency and high-band (mmWave) frequency. By application, market is divided as smart cities, smart home, industrial IoT, autonomous driving, smart farming, and other applications. In addition, by end-user, market is divided as enterprises, residential and government.
The North-America 5G devices market is driven by rise in demand for network capacity to access connected devices, followed by surge in adoption of mobiles & tablets in residential & commercial sectors and growth in the Internet of Things (IoT) market. IoT can integrate with 5G technology to enhance the range of IoT devices. 5G technology has ability to support a huge number of static IoT & mobile IoT devices with high speed & bandwidth. Integration of IoT devices with 5G technology can also augment the market growth. However, rise in usage of advanced technological solutions indirectly enhances the operational expenses of enterprises which is likely to hamper the growth of global market. Moreover, increase in use of smart devices with advanced connectivity solutions is a key opportunity for market.
Based on country-wise analysis, the North-America 5G devices market is divided as U.S., Mexico and Canada. It is projected that future of the North-America 5G devices market will be bright as a result of presence of key players and rise in demand for advanced communication devices to augment the efficiency of employees during the forecast period.
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Global 5G Devices Market 2020-2030 by Device Type, Frequency Band (High-band, Mid-band, Low-band), Application, End User (Residential, Enterprises, Government), and Region: Trend Forecast and Growth Opportunity
Ankur Gupta, Head Marketing & Communications