The Asia Pacific 5G base station market was valued at US$ 7,543.19 million in 2022 and is expected to reach US$ 25,743.56 million by 2030; it is estimated to register a CAGR of 16.6% from 2022 to 2030.
Increasing 5G Subscriptions in Developing Countries Boost Asia Pacific 5G Base Station Market
The rate of 5G subscriptions is increasing in developing countries such as India, China, and Malaysia. According to the report of Ericsson company, India registered approximately seven million mobile subscribers during the second quarter of 2023, followed by China with five million. China has been highly focused on 5G and fiber broadband network rollouts in an effort to build a high-speed broadband platform that can support digital service developments. China recorded a 5G penetration rate of ~60% in 2022. China Mobile is the largest 5G operator, with 466.6 million 5G customers, nearly 55% of the total 5G customers. Also, China Telecom had 210.8 million 5G customers, about 25% of the country's 5G subscriber market, while China Unicom had 170.7 million, over 20% of the total subscribers. Furthermore, in September 2023, the Minister of Malaysia disclosed that the country had completed a total of 5,873 5G sites, with a total of 2.49 million 5G subscriptions. Therefore, the increasing rate of 5G subscriptions in several developing countries is anticipated to create lucrative opportunities for the 5G base station market growth during the forecast period.
Asia Pacific 5G Base Station Market Overview
The demand for 5G base stations in Asia Pacific (APAC) has been on the rise. APAC is home to a few of the world's most populous countries, and there has been a surge in smartphone adoption. For example, China, the world's most populous country, has a massive and growing smartphone user base. According to the GSM Association, nearly 1.3 billion users in China subscribed to a mobile service by the end of 2022. By 2025, China will be the first market with 1 billion 5G connections. 5G connections in the country will reach 1.6 billion by 2030, accounting for almost a third of the global total. In 2022, mobile services and technologies generated 5.5% of China's GDP-a contribution that amounted to US$ 1.1 trillion. Furthermore, governments of various countries across the region are investing in 5G infrastructure. For instance, in October 2023, the Prime Minister of India inaugurated the 7th Edition of the India Mobile Congress 2023 (IMC) at Bharat Mandapam in New Delhi. IMC is the largest telecom, media, and technology forum in APAC. The 5G lab equipment would include 5G SA infrastructure (mid-band), 5G SIMs, dongles, IoT gateway, router, and application server to meet lab needs, along with a management dashboard. Similarly, there is a significant need for fiberization and additional telecom tower deployment in India. The Digital Infrastructure Providers Association (DI PA) highlighted non-compliance with Right of Way (ROW) rules by certain Indian states. DIPA stressed the importance of fiberization for 65% of towers and the deployment of an additional 1,200,000 towers between 2023 and 2024. Thus, the demand for 5G base stations in APAC is growing due to significant investments and deployments of 5G by both governments and telecommunications companies.
Asia Pacific 5G Base Station Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Asia Pacific 5G Base Station provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 7,543.19 Million |
Market Size by 2030 | US$ 25,743.56 Million |
Global CAGR (2022 - 2030) | 16.6% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Component
|
Regions and Countries Covered | Asia-Pacific
|
Market leaders and key company profiles |
The geographic scope of the Asia Pacific 5G Base Station refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. Airspan Networks Holdings Inc
2. Alpha Networks Inc
3. Baicells Technologies North America Inc
4. Huawei Technologies Co Ltd
5. NEC Corp
6. Nokia Corp
7. Samsung Electronics Co Ltd
8. Telefonaktiebolaget LM Ericsson
9. ZTE Corp
The Asia Pacific 5G Base Station Market is valued at US$ 7,543.19 Million in 2022, it is projected to reach US$ 25,743.56 Million by 2030.
As per our report Asia Pacific 5G Base Station Market, the market size is valued at US$ 7,543.19 Million in 2022, projecting it to reach US$ 25,743.56 Million by 2030. This translates to a CAGR of approximately 16.6% during the forecast period.
The Asia Pacific 5G Base Station Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific 5G Base Station Market report:
The Asia Pacific 5G Base Station Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific 5G Base Station Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific 5G Base Station Market value chain can benefit from the information contained in a comprehensive market report.