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5G New Radio Market Market Growth Potential: How Will Market Size Shift Through 2030?
The 5G new radio market has witnessed substantial expansion in its size over recent years. It is anticipated to increase from $48.29 billion in 2025 to $61.47 billion in 2026, achieving a compound annual growth rate (CAGR) of 27.3%. Historically, this growth can be ascribed to a heightened demand for high-speed connectivity, the global expansion of 5G trials, the necessity for improved spectrum efficiency, an increase in smart device adoption, and greater investment in telecommunications infrastructure.
The 5G new radio market is anticipated to experience substantial growth over the next few 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 is driven by factors such as the increasing range of mmWave use cases, the proliferation of industrial 5G deployments, a growing demand for ultra-reliable low-latency services, the rising adoption of Massive MIMO, and the imperative for energy-efficient radio networks. Prominent trends for this period include the broadening of sub-6 GHz coverage, the implementation of mmWave in dense urban settings, increased Massive MIMO adoption, a heightened demand for energy-efficient radio hardware, and the wider enablement of network slicing.
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5G New Radio Market Market Expansion Drivers: What’s Shaping Future Growth?
The escalating need for rapid internet access is anticipated to propel the growth of the 5G new radio (NR) market going forward. High-speed internet connectivity signifies dependable, swift internet access, crucial for quick data transfer, fluid streaming, and effective digital communication. It leverages broadband methods such as fiber-optic, cable, or 5G networks to deliver significant bandwidth and minimal latency for both users and businesses. The heightened requirement for fast internet stems from our increasing dependence on digital services across work, education, and entertainment, necessitating quicker and more consistent online connections for uninterrupted digital interactions. 5G new radio facilitates high-speed internet by offering ultra-rapid data transmission, reduced latency, and improved network capacity, thereby supporting uninterrupted streaming, live communication, and effective operation of sophisticated digital applications. For instance, a December 2024 report from Eurostat, a Luxembourg-based statistical organization, indicated that in 2024, 94% of households within the EU possessed internet access. Consequently, the rising need for high-speed internet connectivity is fueling the expansion of the 5G new radio market.
5G New Radio Market Market Segment Breakdown: Which Categories Lead On Revenue?
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 Strategic Trends: What Defines The Next Growth Phase?
Major companies in the 5G new radio market are concentrating on developing technological advancements, specifically high-density RF transceivers, to bolster network capacity, signal efficiency, and overall data transmission performance. A high-density RF transceiver denotes a compact and integrated radio frequency device that supports multiple input and output channels within a single module, facilitating efficient signal transmission and reception while enhancing wireless performance through reduced power consumption and improved data throughput. As an illustration, in February 2024, MaxLinear, Inc., a U.S.-based fabless semiconductor company, introduced a single-chip solution for 5G Open RAN radio units, which integrates digital, analog, and RF functionalities into one compact device to simplify radio design and elevate network efficiency. This innovation supports high bandwidth and low latency, enabling more flexible and cost-effective deployment of 5G infrastructure. This launch represents a significant stride toward improving scalability, power efficiency, and performance in next-generation wireless communication systems. The aim of this launch is to accelerate the adoption of Open RAN architectures by providing a more integrated, energy-efficient, and cost-effective solution for 5G network deployment.
5G New Radio Market Market Leading Players And Competitive Positioning
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.
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5G New Radio Market Market Largest Region: Which Geography Holds The Biggest Share?
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.
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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.
