5G Fronthaul & Backhaul Equipment Market - Forecasts from 2022 to 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "5G Fronthaul & Backhaul Equipment Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.

The 5G Fronthaul & Backhaul equipment market was valued at US$1,363.715 million in 2020 and is expected to grow at an impressive CAGR of 57.68% over the forecast period to reach a total market size of US$33,042.964 million in 2027.

The 5G fronthaul and backhaul equipment market growth is majorly being driven by the increasing flow of investments by 5G-enabling companies across the globe into making the infrastructure 5G-ready.

This flow of investments is witnessing a continuous increase in velocity as governments across countries seek to gain wireless leadership by being the first to roll out 5G for customers. For instance, China, Japan, South Korea, and the United States are the key competitors in this race to win the 5G lead. What has been making this environment more competitive is the fact that losing the wireless leadership can significantly hit a country's economy.

The U.S., for instance, lagged in the deployment of 2G and 3G, and this led to the migration of economic advantages outside of the country. Japan and Europe, on the other hand, despite leading the world in 3G and 2G respectively, lost this race to the U.S. when 4G was yet to take off, and this affected their communication and technology industries. Wireless leadership brings with it an impetus to a country's economic growth, besides creating millions of jobs in next-gen sectors like smart cities and the Internet of Things (IoT). This is a major factor responsible for huge investments in the sector.

Initially, the deployment of 5G is being carried out for enhanced mobile broadband applications that cater to human-centric needs, which include, but are not confined to, faster access to multimedia content and various other services. Applications of enhanced mobile broadband are witnessing a continuous expansion, and these applications require networks with improved performance to offer a seamless experience to users, which was difficult to achieve with previous generation networks. As we continue to advance into a smarter society, many smart infrastructure applications may need to be complemented with network hotspots. Hotspot zones can be referred to as zones that have high user density, networks with very high traffic handling capacity, and user data rates that are usually much higher than those in wide area networks.

A major share of the demand for 5G is being contributed to by governments and industrial sectors that require highly reliable communication channels with very low latency, and which adhere strictly to the strict requirements in terms of network throughput, availability, and latency.

The market growth is also being driven by increasing demand for a faster internet connection by people in many regions. This demand continues to increase as people continue to gravitate toward the consumption of content that requires high-speed internet to be consumed. The use case of 5G will not be confined to this, as many mission-critical applications, which have been struggling with getting a reliable internet connection to reach their complete potential, will also account for a fairly large share of 5G use. Completely autonomous vehicles, which are still in the trial phase in many countries, can be expected to come on the road as 5G penetrates this segment. Self-driving cars are witnessing a heavy inflow of investments into them.

According to estimates, the global smart grid market was valued at US$20.540 billion in 2019 and is expected to grow at an impressive CAGR of 23.62% over the forecast period to reach a total market size of US$73.316 billion in 2025. Other sectors which are expected to remain, major end-users of 5G, include telehealth, industrial automation, drones, smart agriculture, geolocation and tracking, and numerous others.

As has already been discussed, these are all expected to contribute to the total value added by 5G to the global GDP. Since this value is expected to be very high, companies are pumping resources rigorously into 5G, which is driving the demand for backhaul and fronthaul equipment required for it. The outbreak of the novel coronavirus disease also has a significant role in shaping market growth.

Segmentation

By Equipment

• Fronthaul Equipment
• Backhaul Equipment

By Type

• Fixed
• Wireless

By Geography

• North America
• USA
• Canada
• South America
• Europe
• UK
• Germany
• France
• Middle East and Africa
• Asia Pacific
• China
• Japan
• South Korea

Key Topics Covered:

1. INTRODUCTION

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

5. 5G Fronthaul & Backhaul Equipment Market, By Equipment

6. 5G Fronthaul & Backhaul Equipment Market, By Type

7. 5G Fronthaul & Backhaul Equipment Market, By Geography

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

9. COMPANY PROFILES

Companies Mentioned

• Samsung
• Huawei Technologies Co., Ltd.
• ZTE Corporation
• Nokia
• Telefonaktiebolaget LM Ericsson
• Cisco
• Blu Wireless
• FiberLight, LLC
• Fujitsu Limited

For more information about this report visit https://www.researchandmarkets.com/r/nb3uq7

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