5G Network and Tower Deployment Market
The 5G network and tower deployment market size is projected to reach US$ 26.19 billion by 2031 from US$ 10.27 billion in 2023. The market is expected to register a CAGR of 12.4% during 2023-2031. The growing internet penetration and manufacturing automation are likely to remain key trends in the market.
The rise in automation across various industries, such as retail, manufacturing, automotive, media and entertainment, and others, is fostering the installation and proliferation of 5G infrastructure. The government authorities worldwide are focused on adopting the 5G deployment to drive their economic growth. The rise in investment and telecom operators expanding their business and services further fosters market growth.
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Competitive Landscape: 5G Network and Tower Deployment Market:
AMERICAN TOWER
Crown Castle
CTI TOWERS INC.
DISH Network L.L.C.
SBA Communications Corporation
CommScope Inc.
Mavenir
Verizon Communications Inc
AT&T Inc.
Qualcomm Technologies Inc
5G is a cellular technology with new enhanced spectrum frequencies. As compared to 4G networks, 5G network provides lower latency, high speeds, and support for numerous connected devices. The increased bandwidth of 5G networks, compared to 4G, powers the data-intensive requirements of applications such as manufacturing automation, smart cities, connected vehicles, and others.
The advent of industrial automation or Industry 4.0 is contributing to connected devices and machinery. Manufacturers around the world are adopting automation to gain a competitive advantage over competitors and maximize their production capacity to serve a broader customer.
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