North America 5G Network and Tower Deployment Market Forecast to 2028 – COVID-19 Impact and Regional Analysis - by Component (Small Cell, 5G Mobile Core Network, and Radio Access Network), Location (Ground Tower and Rooftop Tower), Frequency Band (Low Band, Medium Band, and High Band), and Small Cell Tower (Femto Cells, Pico Cells, and Micro Cell)
The North America 5G network and tower deployment market size is expected to grow from US$ 3,607.88 million in 2022 to US$ 7,100.97 million by 2028; it is estimated to register a CAGR of 11.9% from 2022 to 2028.
Market Introduction
An increase in the offering of 5G services by network service providers, an increase in network subscribers and adoption of smartphones, rising adoption of 5G technology across industries, and favorable government initiatives to promote the deployment of 5G are a few of the factors attributing toward the North America 5G network and tower deployment market growth. North America is at the forefront of technology advancements and is a hub of a few major companies in variousindustry sectors. Constant adoption of automation and advanced technologies are experienced across major industries such as retail, manufacturing, healthcare, and education, thereby growing the demand for 5G network services to maintain uninterrupted connectivity. With increasing demand for 5G network service, the scope of North America 5G network and tower deployment market will endure to augment.
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Market Overview and Dynamics
North America has experienced a rise in demand for mobile subscribers and the adoption of smartphones to support various applications such as mobile gaming, home broadband, video calling, high-definition movies & TV, mobile health services, augmented shopping experience, and global positioning system (GPS) services. For instance, according to GSMA, North America recorded 84% subscriber penetration in 2021 and 82% smartphone adoption in the same year. Moreover, the adoption of 5G services is enhancing the quality of services over the years. According to the Mobile Economy report published by GSMA in 2022, 5G network technology has enhanced the above-mentioned services and offers a better customer experience.
Thus, the increase in the adoption of network subscribers and smartphones for both residential and commercial purposes and the adoption of 5G technology for enhanced services are driving the North America 5G network and tower deployment market size.
The US accounted for the largest North America 5G network and tower deployment market share in 2021. One of the major reasons for the high contribution of the country is attributed to the presence of numerous 5G network providers, such as Verizon, AT&T, T-Mobile, Comcast, and Dish. For instance, Verizon has offered 5G broadband internet across 900 cities in the US since October 2018. Similarly, AT&T started its 5G services in December 2018. It offers two major 5G services, namely 5G+ in over 40 cities and a low band 5G network in over 14,000 cities and towns across the country. This wide offering of 5G services by these network service providers is contributing to the North America 5G network and tower deployment market growth.
The rapid adoption of technologies such as automation, artificial intelligence, and virtual reality is constantly contributing to the rise in demand for 5G technologies for commercial, residential, and industrial purposes. According to the report published by GSMA on 5G and economic growth impacts on Canada in 2020, the adoption and integration of 5G technology will help the country to generate revenue of US$ 150 billion in the Canadian economy for a period of 20 years (2020-2040), thereby contributing significantly to the economic growth of the country and supporting the post-pandemic recovery across all major industries.
The Mexican government is constantly promoting the circulation of the 5G network across the country through its plans and policies, which is expected to contribute to the growth of the Mexican 5G network and tower deployment market. For instance, in December 2021, AT&T started deploying its 5G services in Mexico and aims to deploy the same across all major Mexican markets in the next 3 years. Thus, the rising government and company initiatives across to deploy 5G technology is expected to contribute to the growth of the North America 5G network and tower deployment market.
Key Market Segments
Based on small cell tower, the North America 5G network and tower deployment market analysis is segmented into femto cells, pico cells, and micro cells. The femto cells segment dominated the market in 2021. It connects locally to mobile and other similar devices through GSM, GPRS, UMTS, or LTE connections. The appearance and operations of femto cell are like a router and are generally set up near network hardware systems for optimal usage. Companies are constantly investing in the development of new femto cell devices, which is contributing to the growth of the segment. For instance, in May 2021, Nokia launched its new femto cell device that supports 5G, capitalizing on the growing interest of operators and enterprises to cater to the private network areas. Similarly, in September 2020, Verizon announced its intentions to deploy Samsung’s indoor 5G millimeter wave small cell to enhance its private network service offerings over the years.
Major Sources and Companies Listed
American Tower Corporation, Crown Castle International Corp, Phoenix Tower International, DISH Network LLC, SBA Communications Corporation, CommScope Inc., Mavenir, Verizon Communications Inc, AT&T Inc., and Qualcomm Technologies Inc. are some of the key North America 5G network and tower deployment market players. Various other companies are also introducing new technologies and offerings, helping the North America 5G network and tower deployment market players to expand their business in terms of revenue.
Reasons to Buy Report
- To understand the North America 5G network and tower deployment market landscape and identify market segments that are most likely to guarantee a strong return.
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the North America 5G network and tower deployment market.
- To efficiently plan M&A and partnership deals in the North America 5G network and tower deployment market analysis by identifying market segments with the most promising probable sales.
- To make knowledgeable business decisions from the perceptive and comprehensive analysis of the market performance of various North America 5G network and tower deployment market segments.
- To obtain revenue forecast for the market by various segments from 2022 to 2028 in US$.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America 5G Network and Tower Deployment – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America 5G Network and Tower Deployment – Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Offering of 5G Services by Network Service Providers
5.1.2 Increase in Network Subscribers and Adoption of Smart Phone
5.2 Market Restraints
5.2.1 High Cost of 5G Network Tower Deployment
5.3 Market Opportunities
5.3.1 Increase in Adoption of 5G Technology across Industries
5.4 Trends
5.4.1 Rise in Government Initiatives to Promote the Deployment of 5G
5.5 Impact Analysis of Drivers and Restraints
6. North America 5G Network and Tower Deployment Market – Market Analysis
6.1 North America 5G Network and Tower Deployment Market Overview
6.2 North America 5G Network and Tower Deployment Market Revenue Forecast and Analysis
6.3 North America 5G Network and Tower Deployment Market: Market Positioning – Five Key Players
6.4 Competitive Benchmarking
6.4.1 Competitive Benchmarking
6.5 Growth Matrix
7. 5G Network and Tower Deployment Market – By Component
7.1 Overview
7.2 5G Network and Tower Deployment Market, By Service (2021 and 2028)
7.3 Small Cells
7.3.1 Overview
7.3.2 Small Cells: 5G Network and Tower Deployment Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 5G Mobile Core Network
7.4.1 Overview
7.4.2 5G Mobile Core Network: 5G Network and Tower Deployment Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Radio Access Network
7.5.1 Overview
7.5.2 Radio Access Network: 5G Network and Tower Deployment Market – Revenue, and Forecast to 2028 (US$ Million)
8. 5G Network and Tower Deployment Market – By Location
8.1 Overview
8.2 5G Network and Tower Deployment Market, By Location (2021 and 2028)
8.3 Ground Tower
8.3.1 Overview
8.3.2 Ground Tower: 5G Network and Tower Deployment Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 Rooftop Tower
8.4.1 Overview
8.4.2 Rooftop Tower: 5G Network and Tower Deployment Market – Revenue, and Forecast to 2028 (US$ Million)
9. 5G Network and Tower Deployment Market Analysis – By Frequency Band
9.1 Overview
9.2 5G Network and Tower Department Market, By Frequency Band (2021 and 2028)
9.3 Low Band
9.3.1 Overview
9.3.2 Low Band: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Medium Band
9.4.1 Overview
9.4.2 Medium Band: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
9.5 High Band
9.5.1 Overview
9.5.2 High Band: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
10. 5G Network and Tower Department Market Analysis – By Small Cell Tower
10.1 Overview
10.2 5G Network and Tower Department Market, By Small Cell Tower (2021 and 2028)
10.3 Femto Cells
10.3.1 Overview
10.3.2 Femto Cells: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Pico Cells
10.4.1 Overview
10.4.2 Pico Cells: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Micro Cells
10.5.1 Overview
10.5.2 Micro Cells: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
11. North America 5G Network and Tower Deployment Market – Country Analysis
11.1 Overview
11.1.1 North America North America 5G Network and Tower Deployment Market Breakdown, by Country
11.1.1.1 US: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: 5G Network and Tower Department Market, by Component
11.1.1.1.2 US: 5G Network and Tower Department Market, by Location
11.1.1.1.3 US: 5G Network and Tower Department Market, by Frequency Band
11.1.1.1.4 US: 5G Network and Tower Department Market, by Small Cell Tower
11.1.1.2 Canada: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: 5G Network and Tower Department Market, by Component
11.1.1.2.2 Canada: 5G Network and Tower Department Market, by Location
11.1.1.2.3 Canada: 5G Network and Tower Department Market, by Frequency Band
11.1.1.2.4 Canada: 5G Network and Tower Department Market, by Small Cell Tower
11.1.1.3 Mexico: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: 5G Network and Tower Department Market, by Component
11.1.1.3.2 Mexico: 5G Network and Tower Department Market, by Location
11.1.1.3.3 Mexico: 5G Network and Tower Department Market, by Frequency Band
11.1.1.3.4 Mexico: 5G Network and Tower Department Market, by Small Cell Tower
12. North America 5G Network and Tower Deployment Market – COVID-19 Impact Analysis
12.1 Overview
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New Development
14. Company Profiles
14.1 American Tower Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 CROWN CASTLE INTERNATIONAL CORP.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 DISH Network L.L.C.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 CommScope Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Verizon
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 AT&T Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Qualcomm Technologies, Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 SBA Communications Corporation
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Mavenir
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Phoenix Tower International
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America 5G Network and Tower Deployment Market Revenue and Forecast to 2028 (US$ Million)
Table 2. US: 5G Network and Tower Department Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: 5G Network and Tower Department Market, by Location – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: 5G Network and Tower Department Market, by Frequency Band – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: 5G Network and Tower Department Market, by Small Cell Tower – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: 5G Network and Tower Department Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: 5G Network and Tower Department Market, by Location – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: 5G Network and Tower Department Market, by Frequency Band – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: 5G Network and Tower Department Market, by Small Cell Tower – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: 5G Network and Tower Department Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: 5G Network and Tower Department Market, by Location – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: 5G Network and Tower Department Market, by Frequency Band – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: 5G Network and Tower Department Market, by Small Cell Tower – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. North America 5G Network and Tower Deployment Market Segmentation
Figure 2. North America 5G Network and Tower Deployment Market Segmentation – By Country
Figure 3. North America 5G Network and Tower Deployment Market Overview
Figure 4. North America 5G Network and Tower Deployment Market, by Component
Figure 5. North America 5G Network and Tower Deployment Market, by Location
Figure 6. North America 5G Network and Tower Deployment Market, by Frequency Band
Figure 7. North America 5G Network and Tower Deployment Market, by Small Cell Tower
Figure 8. North America - PEST Analysis
Figure 9. 5G Network and Tower Department Market: Ecosystem Analysis
Figure 10. Market Share Analysis, 2021
Figure 11. 5G Network and Tower Deployment Market: Impact Analysis of Drivers and Restraints
Figure 12. North America 5G Network and Tower Deployment Market Revenue Forecast and Analysis (US$ Million)
Figure 13. Competitive Benchmarking
Figure 14. Competitive Benchmarking
Figure 15. Growth Matrix
Figure 16. 5G Network and Tower Deployment Market Revenue Share, By Component (2021 and 2028)
Figure 17. Small Cells: 5G Network and Tower Deployment Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. 5G Mobile Core Network: 5G Network and Tower Deployment Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Radio Access Network: 5G Network and Tower Deployment Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. 5G Network and Tower Deployment Market Revenue Share, by Location (2021 and 2028)
Figure 21. Ground Tower: 5G Network and Tower Deployment Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Rooftop Tower: 5G Network and Tower Deployment Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. 5G Network and Tower Department Market Revenue Share, by Frequency Band (2021 and 2028)
Figure 24. Low Band: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Medium Band: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. High Band: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. 5G Network and Tower Department Market Revenue Share, by Small Cell Tower (2021 and 2028)
Figure 28. Femto Cells: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Pico Cells: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Micro Cells: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. North America North America 5G Network and Tower Deployment Market Breakdown, by Country, 2021 & 2028 (%)
Figure 32. US: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: 5G Network and Tower Department Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in North America
- American Tower Corporation
- CROWN CASTLE INTERNATIONAL CORP.
- DISH Network L.L.C.
- CommScope Inc.
- Verizon
- AT&T Inc.
- Qualcomm Technologies, Inc
- SBA Communications Corporation
- Mavenir
- Phoenix Tower International
- To understand the North America 5G network and tower deployment market landscape and identify market segments that are most likely to guarantee a strong return.
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the North America 5G network and tower deployment market.
- To efficiently plan M&A and partnership deals in the North America 5G network and tower deployment market analysis by identifying market segments with the most promising probable sales.
- To make knowledgeable business decisions from the perceptive and comprehensive analysis of the market performance of various North America 5G network and tower deployment market segments.
- To obtain revenue forecast for the market by various segments from 2022 to 2028 in US$.