COVID-19 Temporarily Dampens 5G Market

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By Oliver Guirdham

Global Re-Forecast 2020-2030 —

The 5G infrastructure equipment market comprises revenue generated by the sales of 5G network hardware or network communication devices supporting 5G technology. It includes establishments that design, build, or develop, the 5G network infrastructure. This includes spectrum, macro-networks, small cells, and other network domains.

The global 5G infrastructure equipment market is expected to decline from $2.03 billion in 2019 to $1.90 billion in 2020 at a compound annual growth rate (CAGR) of -6.41%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $9.37 billion in 2023 at a CAGR of 70.16%.

North America was the largest region in the 5G infrastructure equipment market in 2019. Asia Pacific is expected to be the fastest growing region in the forecast period. Africa was the slowest growing region in the forecast period.

Learn how the global 5G infrastructure equipment market is forecasted to respond to the COVID-19 pandemic.

Originally published on isemag.com September 1, 2020