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The global wireless infrastructure market size will gain an uptick from USD 202.43 billion in 2022 to USD 427.43 billion by 2029. The rising trend for Wear Your Own Device (WYOD) and Bring Your Own Device (BYOD) could foster the demand for wireless infrastructure components. End-users are expected to boost the use of satellite-based connectivity for the marine and defense sectors.
According to the latest research report by Fortune Business Insights™ titled, “Wireless Infrastructure Market Size, Share & COVID-19 Impact Analysis, By Connectivity Type (5G, 4G & LTE, 3G, 2G, and Satellite), By Infrastructure (Small Cells, Mobile Core, Macro-Cells, Radio Access Networks, Distributed Antenna System, Cloud RAN, Carrier Wi-Fi, Backhaul, and SATCOM), By Platform (Government & Defense and Commercial), and Regional Forecast, 2022-2029,” the market stood at USD 178.56 billion in 2021. The market could witness 11.27% CAGR during the forecast period.
Dip in 5G Deployment amidst COVID-19 Pandemic Dented Growth Prospect
The pervasive COVID-19 infection globally jolted the prospect of leading companies. 5G deployment is estimated to have suffered a blow in the short term. The dip in deployment activities had an indirect impact on the market penetration of wireless infrastructure solutions. However, robust digital transformation plans and the rollout of 5G could provide impetus to the industry growth.
Russia-Ukraine War Leads to Unprecedented Demand for Wireless Services
The prevailing war between Russia and Ukraine triggered the demand for wireless services across Europe. Telecommunication equipment manufacturers furthered their production for navigation and military communication services. Prominently, increased use of multi-platforms and anti-jamming antennas to prevent intrusion and detection from enemies could propel the wireless infrastructure market growth.
Cisco Systems Inc., Telenor Group Ink Joint Purpose Agreement to Address Cybersecurity Opportunities
Well-established and emerging players have upped investments in advanced hardware and software solutions to tap into markets. Leading companies are likely to prioritize collaborative pilot projects and help create safe connectivity and address business operation challenges. For instance, in April 2022, Cisco collaborated with Telenor Group to ink a Joint Purpose Agreement (JPA) to address opportunities in cyber security. Major players are expected to bolster their operations and champion cyber security solutions. Meanwhile, in July 2021, Ericsson and Verizon signed a USD 8.3 billion multi-year 5G agreement to expedite Verizon’s next-gen 5G network in the U.S. These dynamics are expected to redefine the global landscape over the next few years.
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https://www.fortunebusinessinsights.com/wireless-infrastructure-market-102741
Surging Demand for High-Speed Internet Connectivity to Propel Industry Growth
Bullish demand for 5G services could foster wireless infrastructure market share during the forecast period. An exponential rise in mobile network coverage and demand for high-speed internet connectivity could be a major global growth enabler. The trend for 5G connectivity is expected to encourage leading companies to bolster their portfolios. The Chinese MIIT reports claim that the country has more than 700 million 5G subscribers and over 1.3 million 5G base stations. Major economies, such as the U.S., the U.K., China, and France, are poised to invest in technological advancements to tap into markets. However, delay in standardization and connectivity issues could dent the industry growth.
Stakeholders Focus on Collaboration to Tap into Markets
Major players are poised to inject funds into mergers & acquisitions, product launches, R&D activities, and technological advancements to propel their penetration. Furthermore, leading companies could infuse funds into innovations to expand their market presence across untapped areas.
Notable Industry Development
List of the Companies Profiled in the Report
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2018-2029 |
Base Year | 2021 |
Estimated Year | 2022 |
Forecast Period | 2022-2029 |
Historical Period | 2018-2020 |
Unit | Value (USD Billion) |
Segmentation | By Connectivity Type, Infrastructure, Platform, and Geography |
By Connectivity Type
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By Infrastructure
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By Platform
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| By Geography
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