5G 디바이스 시장 보고서 : 동향, 예측, 경쟁 분석(-2030년)

5G Device Trends and Forecast

The future of the global 5G device market looks promising with opportunities in the sub-6 ghz, mmWave, and both spectrum bands markets. The global 5G device market is expected to reach an estimated $1,110.8 billion by 2030 with a CAGR of 45.1% from 2024 to 2030. The major drivers for this market are growing demand from customers for fast internet, rising data requirements for streaming and gaming drives, and growth of internet of things devices and the need for uninterrupted connectivity for applications utilizing augmented and virtual reality.

Lucintel forecasts that phones will remain the largest segment over the forecast period.

Within this market, sub-6 ghz will remain the largest segment because it provides a fair combination of capacity and coverage, and this indicates that devices using this frequency range are appropriate for both urban and rural settings since they may offer excellent data speeds together with wide area coverage.

APAC will remain the largest region over the forecast period due to rising urbanization and smartphone usage, as well as, customers are keen to take advantage of 5G networks' high-speed capabilities in the region.

Emerging Trends in the 5G Device Market

The emerging trends in the 5G device market take a great cue from how technology continues to evolve in accordance with the changing needs of consumers and industries alike. These are the trends that shape up the landscape, drive innovation, and extend the use of 5G technology in many walks of life.

• Increased Adoption of 5G Smartphones: Other major trends in the 5G device market are the proliferation of the 5G smartphone. Every major smartphone maker is launching an array of 5G-enabled smartphones in the market, most of them having advanced features related to processing speed and connectivity. This trend has been caused by demand from consumers for high-speed internet, basically, together with expansion into new areas by 5G networks. Increased availability and more affordable 5G smartphones hasten the migration from 4G to 5G, hence wider diffusion and integration of 5G technology can be observed.
• Increasing the growth of 5G-enabled IoT devices: The growing penetration of 5G-enabled IoT devices will further spur innovation and growth across industries such as smart cities, health care, and manufacturing. Moreover, 5G will further enhance the performance of IoT devices with low latency and high speed, and have the capability to process data in real time. That would enable even more sophisticated applications such as smart grids, remote healthcare, and autonomous vehicles. Growing 5G networks will further support the growth of IoT ecosystems and drive innovation into connected devices.
• Wearable Technology Developments: Wearables are increasingly getting equipped with 5G functionality, which offers better connectivity and performance. Even a smartwatch or fitness tracker will work with 5G, which enables the device to track health in real time, communicate with ease, and locate positions. Consumer interest in health and fitness, along with interest in the need for always-connected devices, fuels this trend. The integration of 5G technology into wearables will extend the functionality and appeal of such devices, hence making them more popular and widespread.
• 5G-Enabled Smart Home Devices Development: The market for 5G-enabled smart home devices is developing at a rapid rate as consumers look to add more connectivity and automation within their homes. Smart thermostats, security cameras, and lighting are some of those devices that are gradually coming up with 5G capabilities for better performance and integration with other technologies in smart homes. This, in turn, is driven by growing interest in home automation and a desire for secure and high-speed connectivity. The adoption of 5G in smart home devices will offer a wide range of opportunities for the further development of functional and connected home environments.
• Strong Focus on Integration of Edge Computing: The integration of edge computing with 5G-enabled devices is going to be one of the major trends that will continuously improve application performance by supporting real-time data processing. Edge computing allows processing of data closer to the source, hence reducing latency and improving the efficiency of 5G networks. That is going to be an extremely relevant trend when it comes to applications like augmented reality, autonomous vehicles, and industrial automation. By embedding edge computing and 5G technology, devices perform faster and more reliably, thus allowing more advanced applications and services to grow.

The rising trends of the 5G device market are inclusive of a surge in 5G smartphones, growth of IoT devices, advancement in wearables, development of smart home technologies, and focusing on edge computing. Such trends constitute major drivers of innovation, applications, and further development of capability extension in 5G devices across industries. These trends are bound to continue with the evolution of the market and will play a key role in shaping the future of 5G technology and how it will eventually be applied to both consumer and industrial applications.

Recent Developments in the 5G Device Market

Advancement in the 5G device market at present indicates developments in technology, greater adoption by consumers, and other applications. Such development is influencing the growth and evolution of the market but also brings into sharp relief the key players and innovations driving the industry forward.

• Coming of Affordable 5G Smartphones: Major manufacturers like Xiaomi and Samsung have already launched several 5G-enabled smartphones in the economy segment. This has brought 5G more within the reach of a greater number of people. In fact, cost-effectiveness from those companies increases the pace of 5G adoption and extends it to more consumers. Indeed, affordable 5G smartphones boost market growth and encourage more acceptance of 5G technology.
• Integration of 5G into Wearable Devices: Wearable devices, from smartwatches to fitness trackers, have gained importance with the utilization of 5G technology. As technology improves, companies like Apple and Fitbit upgrade wearable devices with 5G to ensure real-time health monitoring and connectivity seamlessly. Such a development is considered to widen the functionality and appeal of wearable technology, driving consumer interest and adoption in the 5G device market.
• Advancements in 5G-Enabled IoT Solutions: Development of 5G-based IoT solutions is being carried out at rapid speed in respect to application in smart cities, industrial automation, and healthcare. The enterprises are launching IoT devices that use 5G low latency and high-speed connectivity for real-time data processing and advanced performance. This may drive further innovations and expand the range of IoT devices' applications, leading to an increase in the 5G device market.
• 5G Network Infrastructure Expansion: Development of 5G network infrastructure has opened ways for 5G devices. Huge investments by major telecom operators in deploying 5G networks are, in turn, driving the availability and adoption of 5G devices. Improved network coverage and capacity are driving the proliferation of 5G-enabled smartphones, IoT devices, and other connected technologies, thereby surging the growth of the overall 5G device market.
• Introduction of Advanced 5G Router Solutions: This is attributed to the introduction of advanced 5G router solutions for homes and businesses. The organizations are producing high-performance 5G routers that guarantee faster and more reliable internet access. These solutions are meeting the growing demand for high-speed Internet, enabling seamless connectivity for multiple applications, and supporting the growing ecosystem of the 5G device market.

With recent developments related to the 5G device market, which include low-priced 5G smartphones, wearables integrated with 5G capability, advanced IoT solutions, network infrastructure development, and new advanced routers, the industry is highly affected. All these developmental factors increase the market growth of 5G technology by increasing its applications and enhancing its capability.

Strategic Growth Opportunities for 5G Device Market

The rapid evolution of the 5G device market-technological and growing in demand across several applications-is one with rich opportunities in its ever-expanding reach of 5G networks. This presents new use cases, new applications, and consequent avenues for manufacturers to ride on emergent trends and address the evolving needs of consumers by exploiting the ever-growing adoption of 5G technology. A number of key areas can be identified from this dynamic environment wherein growth efforts targeting any one may yield substantial benefits.

• Smart Cities: Adoption of 5G technology into smart cities opens a significant growth opportunity for 5G devices. Smart Cities use 5G to enhance their infrastructure, public services and realize advanced urban solutions such as intelligent traffic management, and environmental monitoring. Devices used include smart sensors, connected traffic lights, and surveillance systems. Integrating 5G provides real-time data processing and enhances connectivity, thus driving efficiency and innovation within cities. This growth potential is reflected in the rising investment in different smart city projects around the world.
• Healthcare: 5G devices are transforming how patient care and medical operations are conducted in healthcare. Some of the major opportunities that exist in this vertical include telemedicine solutions, remote patient monitoring, and connected medical devices. Low latency and high bandwidth enable high-quality video consultations, real-time health data transmission, and advanced diagnostics possible under 5G. As wearable health devices and remote surgical systems continue to emerge, there is growing demand for 5G-enabled solutions that would mean more accurate and timely medical intervention. This application is becoming increasingly critical as healthcare systems seek to improve accessibility and efficiency.
• Automotive Industry: The automotive sector is among the significant growth areas for 5G devices, particularly because of the surge in autonomous vehicle development and the technology of connected cars. 5G allows for Vehicle-to-Everything communication, which enables vehicles to talk to infrastructure, other vehicles, and even pedestrians. It will further ensure more safety features, seamless navigation, and entertainment systems installed in vehicles. With the ever-growing push toward autonomous driving and smarter transportation solutions, 5G-enabled automotive devices have turned out to be one of the highly important and integral parts in the making of next-generation vehicles.
• Industrial Automation: The next important industrial use of 5G technology is the automation of industries. Low latency connectivity and control in equipment boost smart manufacturing and Industry 4.0. Smart sensors, robotics, and real-time monitoring systems are some examples of 5G devices in the industry. Advanced connectivity promotes predictive maintenance, automated production lines, and supply chain management. This will further develop the operations in industries due to increased efficiencies and decreased operational costs, thereby increasing the adoption of the 5G device in industries.
• Entertainment and Media: 5G technology is developing new avenues for content and user experience in the entertainment and media verticals, from high-definition video streaming to various virtual and augmented reality applications. With 5G, this enables the seamless transmission of high-quality content and immersive experiences-all with low latency. Increased gaming and interactive media, along with consumer demand for more digital experiences, drive the demand for 5G-enabled devices to support high-bandwidth applications and innovative media formats.

The potential strategic growth areas for the 5G device market are smart cities, healthcare, the automotive sector, industrial automation, and entertainment. In all these application areas, advantages provided by 5G drive innovation and the adoption of newer technologies. This, in turn, is transforming the landscape and opening up fresh possibilities of growth and investment in this industry segment. With such possible paths to growth, manufacturers and stakeholders are well-placed to exploit the ever-enlarging ecosystem in 5G for serving the increasingly demanding consumer and industry.

5G Device Market Driver and Challenges

Technological and economic factors, coupled with regulatory considerations, shape the trajectory of the 5G device market. To this effect, understanding such drivers and challenges will be critical as stakeholders seek to bridle the evolving landscape for opportunities in the 5G ecosystem.

The factors responsible for driving the 5G device market include:

1. Technological Advancements: The rapid development in 5G technology means new devices are churning out, and improved ones are emerging. Chipset innovations, antenna technologies, and network architecture further improve the performance of devices regarding speed and connectivity. Adoption of recent 5G technologies enables manufacturers to realize more efficient and capable devices, fostering further market growth and application diversification across various industries.

2. Growing Need for High-Speed Connectivity; The demand for high-speed Internet and seamless connectivity will be the prime drivers for adoption by 5G devices. Applications requiring high speed pertaining to streaming, gaming, and industrial automation, amongst others, have created huge demand for faster data transfer rates, low latency, and increased network reliability for consumers and businesses. This demand is fueling the development and deployment of 5G devices, which in turn accelerates the market growth and expansion of 5G devices.

3. 5G Network Expansion: The global expansion of the 5G network acts as a primary driver for the 5G device market. As the 5G infrastructure rolls out around the world, more 5G networks are made available to assist in the adoption of 5G-enabled devices. Improved network coverage and capacity further enable advanced devices, driving wider market growth and adoption of 5G technology.

Challenges in the 5G device market are:

1. Expensive Deployment Cost of 5G: Deployment of the 5G infrastructures and devices is very costly. This aspect will dent the profitability considerably because investments in network equipment, spectrum licenses, and device development are usually high. Thus, cost might inhibit the pace of deployment or even the price of 5G devices that are affordable to slow down market growth.

2. Regulatory and Standardization Issues: Issues related to regulation and standardization may affect the 5G device market by bringing in uncertainties and hence raising entry barriers. The variations in regulatory needs at a regional level and delays in the formulation of global standards may pose a challenge toward the deployment of 5G networks and, hence, decrease the availability of compatible devices. Such regulatory challenges have to be sorted out for the stability of the market.

3. Security and Privacy Concerns: Different security and privacy-related concerns will badly affect the adoptions of 5G technology in markets. While dealing with volumes of data regarding 5G networks and devices, a person cannot even imagine the rate of cyber-attacks or data breaches. It is necessary to deal with security concerns and privacy-related issues appropriately to help gain confidence and trust in 5G technology.

Key drivers for the 5G device market include technological advancement, growing demand for high-speed connectivity, expanding 5G networks, government initiatives, and versatile applications across sectors. Still, in the same breath, high deployment cost, regulatory and standardization issues, and security concerns are certain areas that have to be overcome for the continuity in growth of the market. By understanding such drivers and challenges, the stakeholders will be well-positioned to leverage opportunities availed by the changing landscape of 5G and thereby drive marketplace innovation within 5G devices.

List of 5G Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies 5G device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G device companies profiled in this report include-

• ZTE Corporation
• Xiaomi
• Samsung
• Sony Group Corporation
• D-Link
• Huawei
• Nokia Corporation
• Fibocom Wireless
• MediaTek
• HTC Corporation

5G Device by Segment

The study includes a forecast for the global 5G device by form factor, spectrum outlook, and region.

5G Device Market by Form Factor [Analysis by Value from 2018 to 2030]:

• Phones
• CPE
• Modules
• Hotspots, Switches & Routers
• Laptop
• Tablets
• Others

5G Device Market by Spectrum Outlook [Analysis by Value from 2018 to 2030]:

• Sub-6 Ghz
• MmWave
• Both Spectrum Bands

5G Device Market by Region [Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the 5G Device Market

The remarkable developments characterizing the 5G device market have different regions recording these developments through the means of technological innovation and increased demand for high-speed connectivity. These differentiating developments in the mobile and IoT device space mark the progress in consumer and industrial sectors. This 5G technology is being adopted at a faster rate due to new devices launched by leading manufacturers that tap into its power. Unique to this global shift are the advancements and strategies pursued for regional markets that sculpt the greater trend of the 5G device industry.

• United States: The 5G device market is driven by its fast-tracked innovation and massive adoption within the United States. Major carriers, like Verizon, AT&T, and T-Mobile, are expanding their 5G infrastructure by offering numerous types of devices, from smartphones and tablets to IoT devices. Companies like Apple, Samsung, and Qualcomm lead in the march of advancements in devices, with improved capabilities in terms of connectivity, speed, and power efficiency. With growing demand from consumer and enterprise use cases, 5G-enabled wearables and smart home devices are also gaining traction in the U.S. alone.
• China : China has very rapidly emerged as a leading country regarding 5G device deployment. Most big technology companies, including Huawei and Xiaomi, are highly investing in China. With the rapid rollouts of 5G networks and a surge in the availability of 5G smartphones and IoT devices, the country is getting saturated. Huawei's wide portfolio in 5G devices, including smartphones, routers, and industrial IoT solutions, underlines the aggressive push of China towards technological dominance. Supportive policies and initiatives by the Chinese government also give a jolt to 5G device adoptions across sectors, be it in the form of subsidies or infrastructural investments.
• Germany: The demand for the 5G device market is showing steady growth in Germany, as companies like Siemens and Bosch implement the use of 5G in industries. 5G-enabled smartphones and tabs are also becoming more affordable for individual customers from vendors like Nokia and Ericsson, whether for enterprise or customer uses. Since the primary interest of Germany was towards Industry 4.0, the requirements of 5G-enabled smart sensors and automation machinery are in greater demand. The German government is also investing in 5G infrastructure to support wider adoption and more innovation in the 5G device sector.
• India: The market for 5G devices in India is new but is making very rapid strides-for instance, at the impetus of the telecom operators such as Reliance Jio and Airtel. Though 5G infrastructure deployment is still in its infancy, the low-priced 5G smartphones supplied by companies such as Xiaomi and Samsung are slowly hitting the market. The 5G device market in India is recording a gradual movement of adoption, increasing consumer and business interest in devices providing advanced connectivity and higher speeds. The deployment and adoption of 5G devices will be further pushed by government initiatives and partnerships with international technology firms.
• Japan :Japan is very much at the forefront of the 5G device market, with major telecommunications companies such as NTT Docomo and SoftBank driving innovation. It is also one of the countries with massive demand for 5G smartphones and IoT devices, based on numerous country developments by key manufacturers, such as Sony and NEC. Japan, focused on smart cities and industrial automation, triggers increased demand for 5G-enabled devices in advanced applications such as autonomous vehicles and smart infrastructure. The Japanese government's commitment to the development of 5G technology and infrastructure accelerates both growth and market adoption.

Features of the Global 5G Device Market

Market Size Estimates: 5G device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: 5G device market size by form factor, spectrum outlook, and region in terms of value ($B).

Regional Analysis: 5G device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different form factor, spectrum outlook, and regions for the 5G device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

FAQ

Q1. What is the 5G device market size?

Answer: The global 5G device market is expected to reach an estimated $1,110.8 billion by 2030.

Q2. What is the growth forecast for 5G device market?

Answer: The global 5G device market is expected to grow with a CAGR of 45.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the 5G device market?

Answer: The major drivers for this market are growing demand from customers for fast internet, rising data requirements for streaming and gaming drives and growth of internet of things devices and the need for uninterrupted connectivity for applications utilizing augmented and virtual reality.

Q4. What are the major segments for 5G device market?

Answer: The future of the 5G device market looks promising with opportunities in the sub-6 ghz, mmWave, and both spectrum bands markets.

Q5. Who are the key 5G device market companies?

Answer: Some of the key 5G device companies are as follows:

• ZTE Corporation
• Xiaomi
• Samsung
• Sony Group Corporation
• D-Link
• Huawei
• Nokia Corporation
• Fibocom Wireless
• MediaTek
• HTC Corporation

Q6. Which 5G device market segment will be the largest in future?

Answer: Lucintel forecasts that phones will remain the largest segment over the forecast period.

Q7. In 5G device market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rising urbanization and smartphone usage, as well as, customers are keen to take advantage of 5G networks' high-speed capabilities in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the 5G device market by form factor (phones, CPE, modules, hotspots, switches & routers, laptop, tablets, and others), spectrum outlook (sub-6 ghz, mmWave, and both spectrum bands), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
• Market Report

Table of Contents

1. Executive Summary

2. Global 5G Device Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

• 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
• 3.2. Global 5G Device Market Trends (2018-2023) and Forecast (2024-2030)
• 3.3: Global 5G Device Market by Form Factor
  • 3.3.1: Phones
  • 3.3.2: CPE
  • 3.3.3: Modules
  • 3.3.4: Hotspots, Switches & Routers
  • 3.3.5: Laptop
  • 3.3.6: Tablets
  • 3.3.7: Others
• 3.4: Global 5G Device Market by Spectrum Outlook
  • 3.4.1: Sub-6 Ghz
  • 3.4.2: MmWave
  • 3.4.3: Both Spectrum Bands

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

• 4.1: Global 5G Device Market by Region
• 4.2: North American 5G Device Market
  • 4.2.1: North American 5G Device Market by Form Factor: Phones, CPE, Modules, Hotspots, Switches & Routers, Laptop, Tablets, and Others
  • 4.2.2: North American 5G Device Market by Spectrum Outlook: Sub-6 Ghz, MmWave, and Both Spectrum Bands
• 4.3: European 5G Device Market
  • 4.3.1: European 5G Device Market by Form Factor: Phones, CPE, Modules, Hotspots, Switches & Routers, Laptop, Tablets, and Others
  • 4.3.2: European 5G Device Market by Spectrum Outlook: Sub-6 Ghz, MmWave, and Both Spectrum Bands
• 4.4: APAC 5G Device Market
  • 4.4.1: APAC 5G Device Market by Form Factor: Phones, CPE, Modules, Hotspots, Switches & Routers, Laptop, Tablets, and Others
  • 4.4.2: APAC 5G Device Market by Spectrum Outlook: Sub-6 Ghz, MmWave, and Both Spectrum Bands
• 4.5: ROW 5G Device Market
  • 4.5.1: ROW 5G Device Market by Form Factor: Phones, CPE, Modules, Hotspots, Switches & Routers, Laptop, Tablets, and Others
  • 4.5.2: ROW 5G Device Market by Spectrum Outlook: Sub-6 Ghz, MmWave, and Both Spectrum Bands

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global 5G Device Market by Form Factor
  • 6.1.2: Growth Opportunities for the Global 5G Device Market by Spectrum Outlook
  • 6.1.3: Growth Opportunities for the Global 5G Device Market by Region
• 6.2: Emerging Trends in the Global 5G Device Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global 5G Device Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global 5G Device Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: ZTE Corporation
• 7.2: Xiaomi
• 7.3: Samsung
• 7.4: Sony Group Corporation
• 7.5: D-Link
• 7.6: Huawei
• 7.7: Nokia Corporation
• 7.8: Fibocom Wireless
• 7.9: MediaTek
• 7.10: HTC Corporation