At 15.8% CAGR, Europe 5G Base Station Market is Projected to be worth US$ 18,890.44 million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe 5G base station market was valued at US$ 5,854.74 million in 2022 and is projected to reach US$ 18,890.44 million by 2030, registering a CAGR of 15.8% from 2022 to 2030. Development of smart infrastructure and smart city and rise in usage of edge computing are among the critical factors attributed to drive the Europe 5G base station market growth.

The new Internet of Things (IoT) applications are facilitating smart city initiatives across the globe. It provides the ability to manage, monitor, and control devices remotely and to create actionable information and new insights from huge streams of real-time data. Smart cities use IoT to collect real-time data to understand the constantly changing demands of infrastructure and implement lower-cost, faster solutions. Digital city ecosystems are constructed to run on ICT frameworks that connect numerous dedicated networks of sensors, mobile devices, home appliances, communication gateways, connected cars, and data centers. According to the report of the European Commission, by 2025, the number of connected devices across the globe is likely to reach 75 billion. The increasing number of objects that interconnect creates an extraordinary volume of data that the city can evaluate in order to make more informed decisions about the changes that can widely benefit locals. 5G technology has various traits that will positively impact smart cities and digital experiences; a higher speed of uploading and downloading data guarantees the ability to connect multiple devices while maintaining very short latency times. 5G helps smoothen the construction of smart city infrastructure and boost the deployment and development of new applications, including monitoring air quality, smart parking, crowd management, energy use, traffic patterns, street lighting, and emergency response. The smart city uses advanced technology, digital solutions, and data to substantially improve various key quality-of-life indicators. This leads to improved commute and traffic time, reduced healthcare costs, decreased water consumption, accelerated emergency response time, low unrecycled waste and harmful emissions, as well as a huge saving potential. Thus, the growing development of smart infrastructure and smart cities is likely to create a great opportunity for the growth of the 5G base station market in the coming years.

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

Based on component, the Europe 5G base station market is bifurcated into hardware and service. The hardware segment held 89.6% market share in 2022, amassing US$ 5,245.75 million. It is projected to garner US$ 17,060.97 million by 2030 to register 15.9% CAGR during 2022-2030.

In terms of frequency band, the Europe 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 42.6% share of Europe 5G base station market in 2022, amassing US$ 2,496.17 million. It is anticipated to garner US$ 8,694.38 million by 2030 to expand at 16.9% CAGR during 2022-2030.

By cell type, the Europe 5G base station market is divided into macrocell and small cell. The small cell segment held 63.5% share of Europe 5G base station market in 2022, amassing US$ 3,715.13 million. It is projected to garner US$ 12,187.08 million by 2030 to expand at 16.0% CAGR from 2022 to 2030. Furthermore, the small cell segment is subsegmented into microcell, picocell, and femtocell.

Based on end user, the Europe 5G base station market is segmented into industrial, commercial, and residential. The commercial segment held 76.6% market share in 2022, amassing US$ 4,487.27 million. It is projected to garner US$ 14,232.47 million by 2030 to register 15.5% CAGR during 2022-2030.

Based on country, the Europe 5G base station market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 24.6% share of Europe 5G base station market in 2022. It was assessed at US$ 1,442.61 million in 2022 and is likely to hit US$ 5,017.30 million by 2030, registering a CAGR of 16.9% during 2022-2030.

Key players operating in the Europe 5G base station market are Airspan Networks Holdings Inc, CommScope Holding Co Inc, Huawei Technologies Co Ltd, NEC Corp, Nokia Corp, Samsung Electronics Co Ltd, Telefonaktiebolaget LM Ericsson, and ZTE Corp, among others.

• In November 2023, Samsung Electro-Mechanics announced that it has developed a high-capacitance, high-voltage MLCC for 5G communication base stations. Samsung Electro-Mechanics' new MLCC is the size 3225 (3.2mm in width, 2.5mm in height) with a high capacitance of 10uF (microfarad) and a high rated voltage (highest voltage that equipment can withstand without being damaged by voltage) of 100V (volt).
  
  
  
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