Small Cell 5G Network Market
According to the report published by Allied Market Research, the global small cell 5G network market generated $858.0 million in 2020, and is estimated to generate $19.62 billion by 2030, witnessing a CAGR of 37.1% from 2021 to 2030. The report offers a detailed analysis of changing market dynamics, key investment pockets, top segments, value chain, regional scenario, and competitive landscape.
A Small Cell 5G Network refers to a network infrastructure that uses small, low-powered cellular nodes to enhance coverage and capacity, specifically for 5G networks. Unlike traditional large cell towers that cover wide areas, small cells are compact and cover much smaller areas, typically a few hundred meters or less. They play a crucial role in supporting the high-speed, low-latency, and high-capacity requirements of 5G, especially in urban areas where data demand is high and where larger towers may struggle to provide consistent service due to interference or obstacles.
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Asia-Pacific is expected to observe highest growth rate during the forecast period. The mobile cellular industry in Asia-Pacific is rolling out diverse technical and commercial solutions with the arrival of small cells for 5G networks. This is a major factor driving the adoption of small cell 5G networks in this region. State-owned mobile operators in China such as China Mobile, China Unicom, and China Telecom has invested in a 5G national action plan to orchestrate its industry R&D and deployment efforts through central government support. According to study published by the European Parliament, the overall investments are expected to be high and for long term, to 2030, with at least $30.76 billion per year.
The governments of different developing economies are taking efforts to upgrade the automation systems in industries, which is anticipated to create potential opportunities for the 5G small cell deployment. In addition, these countries are focusing on other developments, which are related to 5G, including data storage facilities.
The report offers detailed segmentation of the global small cell 5G network market based on component, radio technology, frequency band, cell type, application, end user, and region.
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Based on components, the solution segment accounted for the largest share in 2020, holding nearly two-thirds of the total share, and is projected to continue its lead position during the forecast period. However, the services segment is expected to witness the fastest CAGR of 39.0% from 2021 to 2030.
Based on end user, the commercial segment held the highest share in 2020, accounting for nearly half of the global small cell 5G network market, and is expected to maintain its dominant share during the forecast period. However, the smart city segment is estimated to manifest the highest CAGR of 44.9% from 2021 to 2030.
In 2020, the solutions segment dominated the global small cell 5G network market. Small cell 5G solutions are widely used to integrate various technological aspects of a network device. Thus, increase has been witnessed in the demand for small cell 5G solution, owing to its ability to converge various hyperdense network architectures into advance scalable architectures. This, in turn, is expected to drive the adoption of small cell solutions. However, the services segment is expected to witness highest growth rate during the forecast period. Most of the industry verticals opt for all-in-one package solutions for any need in the transformations of services.
Standalone small cells are primarily used in indoor wireless coverage solutions. However, non-standalone segment is expected to witness highest growth rate during the forecast period. Key factors driving the growth of non-standalone small cell 5G network market are rapid digital transformation among various industry verticals and increase in government initiatives for connected networks. Digital transformation has proliferated the demand for strong connectivity across various industries.
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Some of the key small cell 5G network industry players profiled in the report include Altiostar Networks, Inc., Aviat Networks, Inc., Baicells Technologies, Blinq Networks, Cambium Networks Corporation, Casa Systems, Inc., Ceragon Networks Ltd, Comba Telecom Systems Holdings Ltd., Contela Inc., Shenzhen Gongjin Electronics Co., Ltd., IP.Access Ltd., Pctel, Qucell Inc., Radisys Corporation, and Radwin. This study includes market trends, small cell 5G network market analysis, and future estimations to determine the imminent investment pockets.
Impact of Covid-19 Pandemic on Small Cell 5G Network Market:
1. The government and private sectors from the emerging countries have been collaborating to accelerate the development of 5G infrastructure during the pandemic. For instance, mobile network operators (MNO) are joining hands with governments to offer 5G networks to hospitals in Thailand.
2. The outbreak of Covid-19 led to increased digitization across various industry verticals that need faster, more reliable, and higher-capacity fifth-generation networks than before to offer excellent connectivity. Moreover, the demand for seamless connectivity is expected to remain high for Internet of Things (IoT) applications in smart cities.
3. Though the Covid-19 pandemic resulted in delayed installation of 5G infrastructure in various parts of China and Europe, there has been ease in installation of fiber and antennas in some parts of the world.
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