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5G Devices Market Size, Share Global Analysis Report, 2020–2026
5G Devices Market By Device Type (Smartphones, Tablets, Hotspot Devices, and Others), By Frequency Band (Low-band (sub 1 Gz), Mid-band (sub 6 Gz), and High-band (mmWave)), By End User (Enterprises, Residential, and Government): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[180+ Pages Report] Global 5G devices market was projected at approximately USD 2.67 billion in 2019 and is expected to reach USD 26.1 billion by 2026, growing at a CAGR of around 38% during the forecast years.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the 5G devices industry. The report analyzes and declares the historical and current trends analysis of the 5G devices industry and subsequently recommends the projected trends anticipated to be observed in the 5G devices market during the upcoming years.
The 5G devices market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire 5G devices market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- With the rise of 5G technology, there has been an increase in the interest shown by consumers in new smartphones and other 5G devices and this has created new opportunities for smartphone and telecom companies in the global market.
- One of the primary growth driving factors for the global 5G devices market is the rapid integration of 5G technology into smartphones, tablets, and different communication devices.
- Based on device types, the smartphone segment is expected to grow at the highest pace in the global 5G devices market over the forecasted period 2020-2026.
- In terms of region, the Asia Pacific region held the majority of the share in the global 5G devices market in 2019, mainly due to the presence of key vendors operating in the region.
Key Recommendations from Analysts
- As per our analysts, the 5G devices market was worth around USD 2.67 billion in 2019 and is expected to reach to a market value of USD 26.1 billion by the end of 2026.
- Depending upon geography, the Asia Pacific region is anticipated to record the highest CAGR over the projected period 2020-2026, as it is home to some of the fastest-growing smartphone and wireless communication devices markets such as India and China.
- Based on application, the resident segment is expected to account for the majority of the market share in 2019 and is expected to record high CAGR during the period 2020-2026.
- Our analysts estimate that the global 5G devices market, owing to rapid developments in the 5G technology, is expected to record a CAGR of nearly 38% during the period 2020-2026.
Global 5G Devices Market Revenue Share – By Region
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the 5G devices industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the 5G devices industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the 5G devices market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the 5G devices industry. The 5G devices market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the 5G devices sector. Key strategic developments in the 5G devices market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the 5G devices market are appropriately highlighted in the report.
The global 5G devices market is expected to foresee significant growth in the future owing to rapid development and deployment of 5G technology by major telecom operators around the world. Deployment of 5G technology is the primary growth driving factor for the 5G devices market.
The 5G devices market research report delivers an acute valuation and taxonomy of the 5G devices industry by practically splitting the market on the basis of different device types, frequency bands, end-users, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the 5G devices industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the 5G devices industry is provided for the leading economies of the world.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 2.67 Billion |
Projected Market Size in 2026 |
USD 26.1 Billion |
CAGR Growth Rate |
38% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Verizon Communications, Analog Devices, NEC, Cavium, Huawei, Cisco, Intel, Nokia, Leapfrog 5G Devices, Qorvo, Ericsson, Samsung, SK Telecom, ZTE, Korea Telecom, Mediatek, MACOM, and T-Mobile, among others. |
Key Segment |
By Drive Type, Band, User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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The 5G devices market is segmented based on type, frequency band, end-users, and region. On the basis of type segmentation, the market is classified into smartphones, tablets, hotspot devices, and others. In terms of frequency band segmentation, the market is bifurcated into low-band (sub 1 Gz), mid-band (sub 6 Gz), and high-band (mmWave). Based on end-users, the 5G devices market is bifurcated into enterprises, residential, and government.
Top Market Players
Some of the essential players operating in the 5G devices market, but not restricted to include:
- Verizon Communications
- Analog Devices
- NEC
- Cavium
- Huawei
- Cisco
- Intel
- Nokia
- Leapfrog 5G Devices
- Qorvo
- Ericsson
- Samsung
- SK Telecom
- ZTE
- Korea Telecom
- Mediatek
- MACOM
- T-Mobile
- among others.
The taxonomy of the 5G devices market by its scope and segmentation is as follows:
Device Type Analysis
- Smartphones
- Tablets
- Hotspot Devices
- Others
Frequency Band Analysis
- Low-band (sub 1 Gz)
- Mid-band (sub 6 Gz)
- High-band (mmWave)
End User Analysis
- Enterprises
- Residential
- Government
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- Verizon Communications
- Analog Devices
- NEC
- Cavium
- Huawei
- Cisco
- Intel
- Nokia
- Leapfrog 5G Devices
- Qorvo
- Ericsson
- Samsung
- SK Telecom
- ZTE
- Korea Telecom
- Mediatek
- MACOM
- T-Mobile
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