At 14.4% CAGR, North America 5G Base Station Market is Projected to be Worth US$ 13,246.30 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America 5G base station market was valued at US$ 4,501.44 million in 2022 and is projected to reach US$ 13,246.30 million by 2030, registering a CAGR of 14.4% from 2022 to 2030. Rise in government initiatives in development of 5G network and rise in usage of edge computing are among the critical factors attributed to drive the North America 5G base station market growth.

Edge computing and 5G are two linked technologies. They both enable huge amounts of data to be processed in real time and used to improve the performance of applications substantially. By bringing compute experiences into the network closer to the end user, edge computing reduces latency. The growing penetration of smart devices, the need for faster processing, and the increased speed pressure on networks are a few factors that contribute to the adoption of edge computing. Edge computing, combined with 5G, creates opportunities to enhance digital experiences, improve performance, support data security, and enable continuous operations in every industry. Edge computing brings computation and data storage closer to the data source. By leveraging the computational capacity of edge devices, networks, and gateways, users can continue to take advantage of the principles of dynamic allocation of resources and continuous delivery that are inherent to cloud computing. With edge computing, businesses have the potential to virtualize the cloud beyond the four walls of the data center. Workloads created in the cloud, including some of the more modern forms of AI and analytics, can now be migrated out toward the edge. Where appropriate, data generated at the edge can be optimized, cleansed, and brought back to the cloud. Edge computing enables improved data control and lower costs by minimizing data transportation to central hubs and reducing weaknesses and continuous operations by enabling systems that run autonomously, even when disconnected, to reduce disruption and lower costs. Edge computing is widely used in 5G networks. Hence, the rising usage of edge computing is anticipated to fuel the 5G base station market growth in the coming years.

On the contrary, high cost of installing 5G infrastructure hampers the growth of North America 5G base station market.

Based on component, the North America 5G base station market is bifurcated into hardware and service. The hardware segment held 89.5% market share in 2022, amassing US$ 4,026.54 million. It is projected to garner US$ 11,945.28 million by 2030 to register 14.6% CAGR during 2022-2030.

In terms of frequency band, the North America 5G base station market is segmented into less than 2.5 GHz, 2.5 - 8 GHz, 8 - 25 GHz, and more than 25 GHz. The 2.5 - 8 GHz segment held 41.0% share of North America 5G base station market in 2022, amassing US$ 1,844.33 million. It is anticipated to garner US$ 5,811.88 million by 2030 to expand at 15.4% CAGR during 2022-2030.

By cell type, the North America 5G base station market is divided into macrocell and small cell. The small cell segment held 64.6% share of North America 5G base station market in 2022, amassing US$ 2,909.93 million. It is projected to garner US$ 8,680.79 million by 2030 to expand at 14.6% CAGR from 2022 to 2030.

Based on end user, the North America 5G base station market is segmented into industrial, commercial, and residential. The commercial segment held 77.9% market share in 2022, amassing US$ 3,505.99 million. It is projected to garner US$ 10,158.38 million by 2030 to register 14.2% CAGR during 2022-2030.

Based on country, the North America 5G base station market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 72.0% share of North America 5G base station market in 2022. It was assessed at US$ 3,239.68 million in 2022 and is likely to hit US$ 9,395.60 million by 2030, registering a CAGR of 14.2% during 2022-2030.

Key players operating in the North America 5G base station market are Airspan Networks Holdings Inc, Baicells Technologies North America Inc, CommScope Holding Co Inc, Huawei Technologies Co Ltd, NEC Corp, Nokia Corp, Samsung Electronics Co Ltd, Telefonaktiebolaget LM Ericsson, and ZTE Corp, among others.

• In October 2023, Huawei's announcement of a 5W ultra-low power 5G base station described as "the industry's exclusive 0 Bit 0 Watt" solution. This technology promises to significantly reduce the power consumption of 5G base stations, reaching levels comparable to that of an energy-saving lamp. Notably, it supports a remarkable 99% shutdown depth, on-demand wake-up, and millisecond shutdown.
  
  
• In April 2022, NEC Corporation announced that they would participate in demonstration tests using machines compliant with O-RAN (Open Radio Access Network) for the commercialization of virtualized base stations in 5G, which began in March under the initiative of KDDI Corporation and provide base station equipment and conduct tests.
  
  
  
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