5G device market
Leander, Texas – The global 5G devices market was estimated to be approximately $210.9 billion in 2024 and is expected to reach approximately $1,269.2 billion by 2030, with a compound annual growth rate (CAGR) of approximately 36.4% during the forecast period of 2025 to 2030.
This substantial growth is primarily driven by the continued expansion of 5G network infrastructure, with telecommunications companies and governments worldwide investing heavily to increase coverage and capacity.
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United States: important developments in the sector
✅ October 2025: Global Telecom Engineering launched the Titan5000, Titan5100 and Titan5400 advanced 5G devices and customer location equipment (CPE) that provide extended indoor and outdoor coverage up to 16 km, targeting residential and commercial connectivity needs.
✅ October 2025: TCL Corporation partners with T-Mobile and Qualcomm Technologies to advance 5G innovation in North America, focusing on RedCap technology to improve 5G accessibility, optimize network efficiency and deliver cost-effective connectivity for IoT and consumer devices.
Asia Pacific / Japan: Major developments in the sector
✅ September 2025: Japan’s 5G components market is growing rapidly with high demand for modems, chipsets and transceivers, driven by the adoption of 5G-enabled smartphones, tablets and connected devices, supporting industrial automation and smart manufacturing.
✅ September 2025: Japan’s 5G technology market is expanding across the consumer electronics, industrial automation and automotive sectors, fueled by advances in 5G-enabled IoT, autonomous driving and real-time data analytics that improve operational efficiency and safety.
Most important mergers and acquisitions (2025):
✅ Qualcomm has announced a definitive agreement to acquire UK-based Alphawave Semi for approximately $2.4 billion. This acquisition strengthens Qualcomm’s portfolio in high-speed wired IP connectivity, custom silicon and chiplet technologies, expanding Qualcomm’s capabilities in advanced AI computing and connectivity solutions for data centers and 5G devices.
✅ Nordic Semiconductor expanded its offering through the acquisition of Memfault Inc., a cloud platform for IoT device observation and OTA updates. This strategic move transforms Nordic from a hardware-only supplier to providing a comprehensive chip-to-cloud lifecycle management service for connected 5G devices.
✅ CCI Systems acquired Total Site Services, improving wireless tower site acquisition, engineering design and construction management. This acquisition strengthens CCI’s capabilities in delivering infrastructure solutions in the telecom and wireless sectors, essential for the deployment of 5G networks.
✅ Other notable 5G-related telecom acquisitions include Shenandoah Telecommunications’ Glo Fiber, which is acquiring WideOpen Blacksburg to expand fiber network infrastructure critical to 5G backhaul, and Ripple Fiber, which is acquiring BridgeNET Fiber to expand fiber network reach in underserved areas.
Market Segmentation Analysis:
-By network type: Sub-6 GHz vs. mmWave vs. both spectrum bands
Sub-6 GHz dominates the 5G device market with a market share of approximately 62% by 2024, favored for its wider coverage and better penetration in urban and suburban areas. The mmWave segment is the fastest growing, with an expected growth of approximately 75% (2024-2029), driven by ultra-high speeds in dense urban areas. The Both Spectrum Bands segment offers a strategic combination of the two, optimizing coverage and speed for various use cases.
-By devices: Lead form factor of smartphones
Smartphones will have the largest market share with approximately 47% by 2024, driven by high consumer demand for 5G connectivity and growing device options. Modules are the fastest growing segment with an estimated growth rate of 77% due to adoption in industrial IoT, connected vehicles and smart infrastructure. Other device categories include routers, matepads, accessories, mobile Wi-Fis, and others, meeting different connectivity needs.
-By end user: key manufacturing and industrial sectors
The market segments by end user include manufacturing, energy and utilities, agriculture, retail, financial services, media and entertainment, healthcare and others. Manufacturing and industrial sectors are key adopters due to automation and smart factory needs, supported by 5G’s ability to improve operational efficiency and connectivity.
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Growth factors:
-The global rollout and expansion of 5G network infrastructure, driving demand for compatible devices.
-Increasing consumer demand for high-speed, low-latency connectivity to support applications such as streaming, gaming and remote work.
-Increasing adoption of 5G-enabled smartphones, tablets, wearables and other smart devices, driven by technological innovations.
-Increasing industrial adoption of 5G for IoT, smart manufacturing and augmented reality, increasing demand for specialized devices.
-Advances in 5G technology, such as AI-powered chipsets, edge computing and low-power designs that improve device capabilities.
-Government investments and supportive policies that promote the development of 5G infrastructure and accelerate market penetration worldwide.
Regional insights:
Asia Pacific: The Asia Pacific region dominates the global 5G device market, accounting for 36% of the revenue share in 2024. It is also the fastest growing market by volume. This is driven by the region’s huge population, growing urbanization, high smartphone penetration and the presence of major 5G device manufacturers (e.g. in China and South Korea). India in particular has emerged as the second-largest 5G smartphone market in the world, behind only China.
-North America: North America is a key market, accounting for approximately 21% of the global market share in 2024. The region is leading the deployment of 5G networks, with major carriers such as Verizon and T-Mobile expanding their coverage, driving high adoption rates among a tech-savvy consumer base. This region is also expected to be the fastest growing in terms of revenue, with an expected high CAGR from 2024 to 2032.
-Europe: The European market is growing steadily, driven by coordinated EU initiatives for 5G adoption and digital transformation. Countries such as Germany and Great Britain are promoting industrial applications in the manufacturing and automotive sectors. The market is seeing a focus on industrial automation and the availability of affordable 5G devices for a broader customer base.
-Latin America: This region is experiencing steady growth in the 5G device market, characterized by an increasing focus on affordable devices and expanding network coverage in urban centers. Brazil is expected to register the highest CAGR for 5G services between 2025 and 2030.
-Middle East and Africa: The Middle East and Africa region has significant growth potential, especially in the Gulf Cooperation Council (GCC) countries, driven by strong government support for smart city initiatives and increasing investments in telecommunications infrastructure. This region is expected to grow at the highest CAGR in the 5G infrastructure market over the forecast period.
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Main players:
NEC company | AT&T | Cisco | Ericsson | Qualcomm | ZTE | Verizon | Huawei | Orange | Samsung | Nokia | LG
Key Highlights (Top 5 Key Players) for 5G Devices Market:
-Huawei Technologies Co., Ltd. reported the highest market sales and dominated the 5G device sector with strong sales in mobile devices and telecom infrastructure worldwide.
– Qualcomm Incorporated generated significant revenue through its 5G technology portfolio, which powers a wide range of devices such as smartphones, cars and IoT applications.
-Samsung Electronics Co., Ltd. showed robust revenues from its 5G devices and end-user network infrastructure, especially in North America and South Korea.
-Ericsson AB maintained strong market revenues thanks to its 5G network equipment and services, contributing substantially to global 5G deployments.
-AT&T Inc. earned notable revenues from its growing 5G network services, including consumer and industrial applications.
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