At 16.6% CAGR, Asia Pacific 5G Base Station Market is Projected to be Worth US$ 25,743.56 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific 5G base station market was valued at US$ 7,543.19 million in 2022 and is projected to reach US$ 25,743.56 million by 2030, registering a CAGR of 16.6% 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 Asia Pacific 5G base station market growth.

Telecommunications is one of the fastest-growing industries across the globe. Governments of various countries across APAC are taking several initiatives and investing in 5G technology. For example, in September 2023, Malaysia's Prime Minister announced that a switch to a dual 5G network would allow for more effective participation by China's Huawei, providing Malaysia with a balance of the technology. In addition, in October 2022, the government launched 5G services in India by boosting the country's digital transformation and connectivity. The government also unveiled 5G use cases of numerous telecom service providers in health, education, worker safety, and smart agriculture, among others. Similarly, the government launched the native 5G NSA Core, which was developed by the Centre for Development of Telematics (CDoT). The country experienced several technology demonstrations of enterprise chipsets, 5G solutions, and networking equipment developed by Indian telecom MSMEs, start-ups, and large manufacturers. All these developments align with the Prime Minister's vision to promote "Sabka Saath, Sabka Vikas," "Aatmanirbhar Bharat," and "Jai Anusandhan." Therefore, the rise in government initiatives in the development of 5G networks is driving the 5G base station market.

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

Based on component, the Asia Pacific 5G base station market is bifurcated into hardware and service. The hardware segment held 88.5% market share in 2022, amassing US$ 6,679.00 million. It is projected to garner US$ 22,981.53 million by 2030 to register 16.7% CAGR during 2022-2030.

In terms of frequency band, the Asia Pacific 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 46.3% share of Asia Pacific 5G base station market in 2022, amassing US$ 3,495.58 million. It is anticipated to garner US$ 12,770.06 million by 2030 to expand at 17.6% CAGR during 2022-2030.

By cell type, the Asia Pacific 5G base station market is divided into macrocell and small cell. The small cell segment held 63.8% share of Asia Pacific 5G base station market in 2022, amassing US$ 4,812.23 million. It is projected to garner US$ 16,694.58 million by 2030 to expand at 16.8% CAGR from 2022 to 2030. Furthermore, the small cell segment is sub segmented into microcell, picocell, and femtocell.

Based on end user, the Asia Pacific 5G base station market is segmented into industrial, commercial, and residential. The commercial segment held 76.4% market share in 2022, amassing US$ 5,762.25 million. It is projected to garner US$ 19,347.14 million by 2030 to register 16.3% CAGR during 2022-2030.

Based on country, the Asia Pacific 5G base station market is categorized into China, Australia, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 36.0% share of Asia Pacific 5G base station market in 2022. It was assessed at US$ 2,714.04 million in 2022 and is likely to hit US$ 9,880.38 million by 2030, registering a CAGR of 17.5% during 2022-2030.

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

• In October 2023, China Telecom, ZTE, and SpaceIoT have achieved the first deployment of a 5G non-terrestrial network (NTN) in a marine setting. The successful deployment took place in Zhoushan, Zhejiang Province, an archipelago of islands at the southern mouth of Hangzhou Bay.
  
  
• In June 2023, Huawei Technologies has secured a major contract that will see it supply over half of the 5G base stations for telco China Mobile between 2023 and 2024. In total, Huawei has won 52 percent of China Mobile's 5G base station work as part of the largest portion of the contracts put out for tender. The contracts have been split into two projects, with the first covering 63,800 base stations using 2.6GHz to 4.9GHz spectrum, while the second covers 23,141 in the 700MHz band. Huawei is estimated to have secured 45,426 5G base stations worth an estimated 4.1 billion yuan (US$574 million).
  
  
  
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