What is the Market Demand for 5G Network Equipment?

The 5G network equipment market, valued at US$ 2,732.2 million in 2022, is projected to grow significantly, reaching US$ 17,456.1 million by 2033. Starting at US$ 3,224.3 million in 2023, the market is anticipated to expand at a robust CAGR of 18.4% over the next decade. This growth is driven by the increasing demand for efficient spectral utilization, with Cloud-RAN technology enhancing network performance by reducing signal loss and radio interference. North America, holding a 24.4% market share in 2022, is expected to maintain its leading position, while Europe will account for approximately 21.2% of the market. The sector will also see notable contributions from India, with a growth rate of 19.6% in 2022, and significant market shares held by active antennas (23.1%) and remote radio units (17.4%).