The global 5G base station market will reach US$236.98 billion in 2026

According to the new research report "Application Research and Regional Forecast of Global 5G Base Station Market Size 2019-2026" released by market research firm Marketstudyreport, the global 5G base station market was worth US$10.24 billion in 2018 and is expected to grow at a compound annual growth rate of 50.11% during the expected period to 2026.

By 2026, the global 5G base station market will reach US$236.98 billion. It is worth noting that 5G base stations connect various wireless devices to centralized wireless receivers. It expands network coverage and further enhances user experience. Global digitization and consumers' preference for high-speed connections are driving the growth of the 5G base station market.

The strong development of mobile networks for communications will benefit numerous vertical industries including transportation, entertainment, and retail. Safe at Last, Inc. estimates that the overall deployment of IoT-connected devices will reach $75 billion by 2025. The increasing penetration of IoT devices coupled with the growing demand for content streaming services is driving the growth of the market size.

There is a surge in demand for high-speed internet solutions that integrate high-speed technology into various fields. The adoption of edge computing technology is stimulating industry development prospects. However, the high implementation costs and operation and maintenance complexities associated with 5G base stations may hinder industry development.

With the advantages of high bandwidth, high speed and low latency, 5G networks have a wide range of applications. In the future, 5G technology will play a key role in smart cities, smart homes, smart buildings, autonomous driving, telemedicine, industrial Internet of Things and other fields.

From a regional market perspective, Europe is expected to account for a significant share of the global 5G base station unit industry by 2026, primarily due to the increasing adoption of IoT and wearable technology in the region. However, the 5G base station industry in the Asia Pacific region is expected to achieve a higher growth rate during the forecast period. Favorable government initiatives and increasing 5G pace are driving market business development in the Asia Pacific region.

Samsung, ZTE, Nokia, Ericsson and Huawei are all strong players in the global 5G base station market.