North America 5G Equipment and Device Market Overview
According to SPER Market Research, the North America 5G Equipment and Device Market is estimated to reach USD 573.95 billion by 2032 with a CAGR of 32.96%.
5G is the most recent and advanced mobile network technology, promising faster internet speeds, lower latency, and increased network reliability. And the hardware and devices used to support the fifth generation of mobile network technology are referred to as 5G equipment and devices. Smartphones, tablets, routers, and other mobile devices are some examples of 5G equipment and devices. These devices are intended to communicate with 5G-enabled cellular towers, which are in charge of data transmission and reception across the network.
5G technology makes use of high-frequency radio waves that can transmit data much more quickly than previous generations of mobile networks. This means that users can expect much faster data downloads and uploads, higher-quality video streaming with less buffering, and a more seamless online experience overall.
Exploring the Growth Drivers of the North America 5G Equipment and Device Industry
The North American 5G Equipment and Device Market is expected to record a positive CAGR of 32.96% during the forecast period and reach US$ 573.95 Bn by 2032, driven by several factors. Firstly, there is a growing demand for faster and more reliable internet connectivity, as consumers increasingly rely on their smartphones and other mobile devices to stay connected and access online services. Secondly, there is a need for increased network capacity to support the growing number of connected devices and the data they generate, including Internet of Things (IoT) devices such as smart homes, wearables, and autonomous vehicles.
In conclusion, the North American 5G equipment and device market is being driven by a combination of factors, including the growing demand for faster and more reliable connectivity, the need for increased network capacity to support the growing number of connected devices and data, the adoption of cloud and edge computing technologies, and the COVID-19 pandemic.
What challenges does the North America 5G Equipment and Device Market face?
Despite the growing demand for 5G equipment and devices in North America, there are several challenges that the market faces. Firstly, the high cost of deploying and maintaining 5G infrastructure can be a significant barrier for smaller telecommunications companies, as well as for rural areas with lower population densities. In addition, there is also the challenge of ensuring the security of 5G networks, particularly given the increased use of connected devices and the potential for cyberattacks. This requires robust cybersecurity measures and protocols to ensure that the network is protected from unauthorized access or interference.
In what ways has the COVID-19 pandemic affected North America 5G Equipment and Device Market?
The Covid-19 pandemic had a positive impact on the North American 5G Equipment and Device Market due to the mobile industry's critical role, which was highlighted during the pandemic as people relied on mobile networks to stay connected and access life-enhancing services. COVID-19 pandemic has also accelerated the adoption of remote working and online learning, which has increased the demand for high-speed internet connectivity and 5G-enabled devices.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Equipment vs Device, By Testing Equipment, By Network Infrastructure, By Frequency, By Device, By End User
|
| Regions covered | United States, Mexico, Canada, Rest of North America
|
| Companies Covered | Anritsu, AT&T Intellectual Property, BEC Technology, Cisco System Inc, Ericsson, Huawei Technologies Co. Ltd, NEC Corporation, Nokia, Samsung, Verizon, ZTE Corporation
|
Key Target Audience:
- Telecommunication Companies
- Equipment Vendor
- Government Agencies and Regulators
North America 5G Equipment and Device Market Segmentation:
1. By Equipment vs Device:
2. By Testing Equipment:
- Oscilloscopes
- Signal and Spectrum Testing
- Vector Signal Generator
- Network analyzer
- Others
3. By Network Infrastructure:
4. By Frequency:
- High-Band (mmWave)
- Mid-Band (sub 6 Ghz)
- Low-Band (sub 1Ghz)
5. By Device:
- Smartphones
- Tablets
- 5G Hotspot Devices
- Laptops
- Others
6. By End User:
- Individual
- Industrial/Commercial Organizations
- Government
7. By Region:
- United States
- Canada
- Mexico
- Rest of North America
Key Topics Covered in the Report:
- North America 5G Equipment and Device Market Size (FY’2019-FY’2032)
- Overview of North America 5G Equipment and Device Market
- Segmentation of North America 5G Equipment and Device Market By Equipment vs Device (Equipment, Device)
- Segmentation of North America 5G Equipment and Device Market By Testing Equipment (Oscilloscopes, Signal and Spectrum Testing, Vector Signal Generator, Network analyzer, Others)
- Segmentation of North America 5G Equipment and Device Market By Network Infrastructure (Macro Cell, Small Cell)
- Segmentation of North America 5G Equipment and Device Market By Frequency {High-Band (mm Wave), Mid-Band (sub 6 Ghz), Low-Band (sub 1Ghz)}
- Segmentation of North America 5G Equipment and Device Market By Device (Smartphones, Tablets, 5G Hotspot Devices, Laptop, Others)
- Segmentation of North America 5G Equipment and Device Market By End User (Individual, Industrial/Commercial Organizations, Government)
- Statistical Snap of North America 5G Equipment and Device Market
- Growth Analysis of North America 5G Equipment and Device Market
- Problems and Challenges in North America 5G Equipment and Device Market
- Competitive Landscape in the North America 5G Equipment and Device Market
- Impact of COVID-19 and Demonetization on North America 5G Equipment and Device Market
- Details on Recent Investment in North America 5G Equipment and Device Market
- Competitive Analysis of North America 5G Equipment and Device Market
- Key Players in the North America 5G Equipment and Device Market
- SWOT Analysis of North America 5G Equipment and Device Market
- North America 5G Equipment and Device Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the North America 5G Equipment and Device Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 North America 5G Equipment and Device Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America 5G Equipment and Device Market
7. North America 5G Equipment and Device Market, By Equipment vs Device, 2019-2032 (USD Million)
7.1 Equipment
7.2 Device
8. North America 5G Equipment and Device Market, By Testing Equipment, 2019-2032 (USD Million)
8.1 Oscilloscopes
8.2 Signal and Spectrum Testing
8.3 Vector Signal Generator
8.4 Network analyzer
8.5 Others
9. North America 5G Equipment and Device Market, By Network Infrastructure, 2019-2032 (USD Million)
9.1 Macro Cell
9.2 Small Cell
10. North America 5G Equipment and Device Market, By Frequency, 2019-2032 (USD Million)
10.1 High-Band (mmWave)
10.2 Mid-Band (sub 6 Ghz)
10.3 Low-Band (sub 1Ghz)
11. North America 5G Equipment and Device Market, By Device, 2019-2032 (USD Million)
11.1 Smartphones
11.2 Tablets
11.3 5G Hotspot Devices
11.4 Laptops
11.5 Others
12. North America 5G Equipment and Device Market, By End User, 2019-2032 (USD Million)
12.1 Individual
12.2 Industrial/Commercial Organizations
12.3 Government
13. North America 5G Equipment and Device Market, By Region, 2019-2032 (USD Million)
13.1 North America 5G Equipment and Device Size and Market Share by Region (2019-2025)
13.2 North America 5G Equipment and Device Size and Market Share by Region (2026-2032)
13.3 United States
13.4 Canada
13.5 Mexico
13.6 Rest of North America
14. Company Profiles
14.1 Anritsu
14.1.1 Company details
14.1.2 Financial outlook
14.1.3 Product summary
14.1.4 Recent developments
14.2 AT&T Intellectual Property
14.2.1 Company details
14.2.2 Financial outlook
14.2.3 Product summary
14.2.4 Recent developments
14.3 BEC Technology
14.3.1 Company details
14.3.2 Financial outlook
14.3.3 Product summary
14.3.4 Recent developments
14.4 Cisco System Inc
14.4.1 Company details
14.4.2 Financial outlook
14.4.3 Product summary
14.4.4 Recent developments
14.5 Ericsson
14.5.1 Company details
14.5.2 Financial outlook
14.5.3 Product summary
14.5.4 Recent developments
14.6 Huawei Technologies Co. Ltd
14.6.1 Company details
14.6.2 Financial outlook
14.6.3 Product summary
14.6.4 Recent developments
14.7 NEC Corporation
14.7.1 Company details
14.7.2 Financial outlook
14.7.3 Product summary
14.7.4 Recent developments
14.8 Nokia
14.8.1 Company details
14.8.2 Financial outlook
14.8.3 Product summary
14.8.4 Recent developments
14.9 Samsung
14.9.1 Company details
14.9.2 Financial outlook
14.9.3 Product summary
14.9.4 Recent developments
14.10 Verizon
14.10.1 Company details
14.10.2 Financial outlook
14.10.3 Product summary
14.10.4 Recent developments
14.11 ZTE Corporation
14.11.1 Company details
14.11.2 Financial outlook
14.11.3 Product summary
14.11.4 Recent developments
15. List of Abbreviations
16. Reference Links
17. Conclusion
18. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
