Delivering more actionable and strategically valuable research, The Business Research Company’s 2026 market reports feature market attractiveness analysis, total addressable market evaluation, company benchmarking matrices, interactive Excel dashboards, expanded supply chain intelligence, emerging startup coverage, and detailed product insights.
5G New Radio Market Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The 5G new radio market has experienced substantial growth in its size recently. This market is projected to expand from $48.29 billion in 2025 to $61.47 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 27.3%. Historically, this expansion has been driven by factors including increasing demand for high-speed connectivity, the global expansion of 5G trials, the necessity for improved spectrum efficiency, the rise in smart device adoption, and greater investment in telecom infrastructure.
The 5G new radio market size is anticipated to undergo substantial growth in the coming years. It is projected to reach $159.89 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 27.0%. This expansion during the forecast period stems from factors such as the broadening applications of mmwave technology, the rise in industrial 5G deployments, the requirement for ultra reliable low latency services, greater integration of massive MIMO, and the imperative for energy-efficient radio networks. Significant trends expected over the forecast horizon encompass the broadening reach of sub-6 ghz coverage, the rollout of mmwave in dense urban areas, increased uptake of massive MIMO, the need for energy-efficient radio hardware, and the extended capability of network slicing enablement.
Download A Free Sample Report For Comprehensive Market Insights:
5G New Radio Market Market Expansion Drivers: What Is Shaping Future Growth?
The escalating requirement for rapid internet access is anticipated to drive the advancement of the 5G new radio (NR) market. This high-speed internet access denotes swift and dependable connectivity, enabling quick data transfer, seamless streaming, and effective online communication through broadband technologies such as fiber-optic, cable, or 5G networks, which deliver significant bandwidth and minimal latency for both users and businesses. The heightened demand for high-speed internet connectivity stems from an increasing reliance on digital platforms for work, education, and entertainment, necessitating faster and more stable online access to facilitate uninterrupted digital experiences. 5G new radio facilitates high-speed internet connectivity by providing ultra-fast data transmission, low latency, and improved network capacity, thereby supporting seamless streaming, real-time communication, and efficient operation of advanced digital applications. For instance, in December 2024, a report from Eurostat, a Luxembourg-based statistical organization, indicated that in 2024, 94% of households in the EU possessed internet access. Therefore, the growing need for high-speed internet connectivity is a primary catalyst for the expansion of the 5G new radio market.
5G New Radio Market Market Segment Analysis: What Are The Major Market Categories?
The 5G new radio market market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Industry: Telecom And Information Technology(IT), Manufacturing, Retail, Other Industries
3) By Operating Frequency: Sub-6 Ghz, Mmwave
4) By Deployment Model: Standalone (SA), Non-Standalone (NSA)
5) By Application: Enhanced Mobile Broadband (Embb), Ultra-Reliable Low-Latency Communications (Urllc), Massive Machine-Type Communications (Mmtc)
Subsegments:
1) By Hardware: Transceivers, Antennas, Baseband Units, Small Cells, Routers, Switches
2) By Software: Network Management, Radio Access Network Software, Core Network Software, Network Optimization, Security Software
3) By Services: Consulting, Integration And Deployment, Support And Maintenance, Managed Services, Training And Education
5G New Radio Market Market Trends: What Is Shaping Future Industry Growth?
Leading companies in the 5G new radio market are concentrating on developing technological advancements, such as high-density RF transceivers, to improve network capacity, signal efficiency, and overall data transmission performance. A high-density RF transceiver is defined as a compact, integrated radio frequency device capable of supporting multiple input and output channels within a single module, thereby enabling efficient signal transmission and reception while boosting wireless performance through reduced power consumption and enhanced data throughput. For instance, in February 2024, MaxLinear, Inc., a U.S.-based fabless semiconductor company, introduced a single-chip solution for 5G Open RAN radio units, integrating digital, analog, and RF functionalities into a single compact device to simplify radio design and increase network efficiency. This innovation provides support for high bandwidth and low latency, facilitating a more flexible and cost-effective deployment of 5G infrastructure. The launch represents a significant stride toward improving scalability, power efficiency, and performance in next-generation wireless communication systems. This offering aims to accelerate the widespread adoption of Open RAN architectures by providing a more integrated, energy-efficient, and economical solution for 5G network deployment.
5G New Radio Market Market Leading Companies Driving Competitive Growth
Major companies operating in the 5G new radio market market are Samsung Electronics Co. Ltd., China Mobile Communications Group Co. Ltd., Verizon Communications Inc., Huawei Technologies Co. Ltd., Deutsche Telekom AG, Cisco Systems Inc., Intel Corporation, Qualcomm Technologies, Inc., BT Group plc, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, NEC Corporation, Nokia Oyj, ZTE Corporation, MediaTek Inc., SK Telecom Co. Ltd., NXP Semiconductors N.V., Marvell Technology Inc., Keysight Technologies Inc., Skyworks Solutions Inc.
Access The Complete 5G New Radio Market Market Report:
5G New Radio Market Market Regional Analysis And Leading Geography
North America was the largest region in the 5G new radio market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 5G new radio market market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.