USD 917 million
Report ID: SQSG50A2003 | Region: Global | Published Date: December, 2022 | Pages: 157 | Tables: 194 | Figures: 80
Global 5G Small Cell Market size was valued at USD 917 million in 2021 and is poised to grow from USD 1580 million in 2022 to USD 125500 million by 2030, growing at a CAGR of 72.5% in the forecast period (2023-2030).
Small cells are low-power base stations that enable end users increase their wireless connectivity by enhancing network capacity and coverage. To provide users with quick data services, these cells are typically distributed over indoor and outdoor areas. In 5G small cell market, the tiny cell network is crucial. In order to provide clients with services with increased capacity, 5G telecom operators are currently concentrating more on building tiny cells in the low-frequency spectrum. The use of small cell networks for Millimetre Wave (MM Wave) is anticipated to rise in the later stages of 5G deployment after 2021–2022, as operators prepare to extensively deploy small cell services for Internet of Things (IoT) and Machine-to-Machine (M2M) communications.
Low-power cellular radio access modules used in small cell 5G networks operate in a spectrum with a 10 metre to a few kilometres range. Growing government and industry investment in different IT initiatives, including 5G infrastructure and others will support market expansion. For example, the Federal Communications Commission (FCC) has allocated around USD 9 billion to build up 5G network infrastructure across the United States starting in April 2020. The investment would promote nationwide 5G connectivity and open up growth potential for important payers. The subsidy was made available, according to the FCC, for the development of 5G services in rural areas for the 5G small cell market.
US 5G Small Cell Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 917 million
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Global 5G small cell market is segmented based on component, application, communication infrastructure, network model, network architecture, deployment mode, frequency type, and region. Based on the component, the market is bifurcated into solution and services. On the basis of application, it is segmented into residential and SOHO, enterprises, and others. Based on the radio technology, the market is segmented further into standalone and non-standalone. Based on the communication infrastructure, the Global 5G small cell market is segmented into femtocell, metrocell, picocell, and microcell. Based on network model ,the market is segmented into Standalone and non-standalone . Based on network architecture, the market is segmented into Distributed and virtualized. Based on deployment mode, the market is segmented into Indoor and outdoor. Based on frequency type, the market is segmented into Sub-6 GHz, mmWave, and Sub-6GHz + mmWave. Based on region, it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Component
The global 5G small cell market was dominated by solutions segment in 2020. Small cell 5G solutions can be used in integrating various technological components of a network device. Due to its potential to combine different hyper dense network topologies into cutting-edge scalable systems, the demand for tiny cell 5G solutions has so increased. The usage of small cell solutions is then anticipated to increase as a result of this. However, during the projected period, the services category is anticipated to increase at the fastest rate. For every necessity in the transition of services, the majority of industry verticals choose all-inclusive package solutions. As a result of its potential to expand operator networks across a variety of locations and addresses, 5G small cell market adoption has proliferated due to the surge in digital transformation across numerous industry verticals. This is a crucial element fostering the segment's rapid expansion.
Analysis by Application
Based on the applications, the global market is divided into residential and small office & home office (SOHO), businesses, and other segments. Due to increased investment and the introduction of 5G devices all around the world, businesses segment is currently holding the biggest market share of the 5G small cell market. For instance, Verizon Business debuted a small cell 5G network site based on mm Wave spectrum in June 2021. For large businesses and the public sector serving customers in the United States, it was made commercially available.
Analysis by Radio Technology
The standalone segment dominated the growth of the global small cell 5G network market based on radio technology. Network service providers are compelled to do transition from 2G, 3G, and 4G to 5G services due to the increased penetration of mobile phones and rising customer demand for high-definition content.
Solutions for indoor wireless coverage often involve standalone tiny cells. The non-standalone sector, however, is anticipated to increase at the fastest rate during the projection period. Accelerated digital transformation across a variety of industrial verticals and a rise in government initiatives for linked networks are two major drivers propelling the growth of non-standalone small cell 5G network market. Demand for reliable connectivity has increased as a result of digital transformation in many different businesses.
Analysis by Communication Infrastructure
The market is divided into femtocell, metrocell, picocell, and microcells based on the communication infrastructure. Due to the rising number of 5G small cell launches and deployments, femtocells are anticipated to rise at the fastest rate during the projection period. A Smart Node femtocell all-in-one solution for 5G interior coverage for small- to medium-sized businesses and residential use, for instance, was introduced by Nokia Corporation in May 2021. Due to an increase in the number of internet of things (IoT) devices and internet penetration, metrocell, picocell, and microcell markets are also growing significantly.
In 2020, there will likely be 25 billion linked devices sold, and this number is expected to keep growing quickly, according to the International Telecommunication Union (ITU) Organizations.
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Global 5G small cell market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
During the projected period, North America is anticipated to lead the 5G small cell market. Most of the leading players and governments have already started investing a huge sum in the IT and telecommunications sector.
In order to address the rising demand for high-speed internet in Europe, government authorities made a large investment in the deployment of the 5G network. With a public investment of USD 825 million and a private investment of USD 3.5 billion in 2020, the European Commission has formed a co-operation with European ICT sector players.
The Asia-Pacific area is expanding at the fastest CAGR due to rising acceptance of cutting-edge technology and rising investment in 5G technology by the top players for high-speed internet. For instance, an indoor tiny cell 5G network called "Garuda" was introduced in December 2020 by Sterlite Technologies Ltd. (STL), an Indian company. A low-cost 5G indoor small cell called STL Garuda is utilised to expand the network of digital service providers. The telephone company's communications service provider, Telcos, intends to spend about USD 331 billion on 5G technology and network rollouts by July 2020.
Additionally, due to increased government investment in infrastructure projects and an increase in 5G connections, the Middle East and Africa 5G small cell market is expanding at a moderate rate. According to the GSMA Intelligence Report by 2025, there should be about 50 million 5G mobile connections in the MENA region and about 20 million in the GCC Arab nations. Governments and businesses in Latin American nations like Brazil and Mexico have demonstrated a significant adoption of IoT devices. In 2020, the countries of Latin America and the Caribbean will have connected over 400 Mn IoT devices, according to the International Data Corporation (IDC) estimate. By 2023, it's anticipated that there will be about 1 billion of them.
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In wealthy nations like the United States, Germany, France, the United Kingdom, and others, the 5G small cell market is expanding quickly on a global scale. Forbes predicted that by the year 2020, there will be more than 1,945 small cell deployments, and by the year 2027. It is expected that there would be 1.56 million private network deployments by the same year. Additionally, the Cellular Telecommunications Industry Association (CTIA) estimates that in 2020, the United States will have erected more than 417,215 small cell sites. Global 5G network implementation is on the rise, which has boosted market expansion.
The number of 5G connections is reached approximately 10 million in 2019 and is projected to increase to roughly 1.8 billion by 2025, according to the Global System for Mobile Communications (GSMA). Additionally, 81 Mobile Network Operators (MNOs) in 42 countries began offering 5G commercial services in June 2020, according to the Global Mobile Suppliers Association (GSA). Additionally, 125 countries and 385 MNOs plan to invest in the rollout of 5G in the coming years.
Additionally, the increasing use of smartphones, wireless devices, internet of things (IoT) devices, and other devices has increased the need for reliable internet connections, which is expected to fuel the growth of the 5G small cell market. Additionally, increasing government and telecom operator investments in the infrastructure deployments for the 5G network are anticipated to support the market growth for small cells for the 5G network.
Due to the Internet of Things (IoT), augmented reality (AR), virtual reality (VR), smartphones, voice applications, and audio and video content, data traffic has been continuously increasing, creating a demand for more network bandwidth. 5G Small cell market is anticipated to offer bandwidth of roughly 1 Gigabit per second (Gbps), compared to 4G's maximum of 200 Megabits per second (Mbps). As per Ericsson, the data traffic per smartphone usage per month would reach 10 times from 2017 to 2023. The demand for small cell 5G networks rises as mobile data traffic increases. An important factor in increasing mobile coverage and capacity is a small cell network that is 5G ready.
Up until the launch of the 5G network, mobile network operators faced significant backhaul challenges in the 5G small cell market, including the need for connectivity with ultralow latency of less than 1 millisecond (ms) (roundtrip). When there is heavy network congestion, inadequate coverage from macrocells, and no backhaul or power, small cells are deployed. One of the potential solutions for this problem is radio backhaul, although unit size reduction and throughput testing are necessary for the deployment of small cells, which may increase the cost of deployment. The lack of an alternative backhaul solution poses a serious obstacle to the effective deployment and operation of small cells.
Service providers in the 5G small cell market must therefore have a robust service delivery method that is dependable and adaptable to terminate backhaul services in a range of non-traditional sites, such as billboards, telephone poles, and building sides, in order to overcome such problems. Denser small cell deployment is necessary under the 5G network to address the backhaul connectivity issue, and over time if the problem of inadequate backhaul is not handled, vendors may need to investigate alternate backhaul options such as Wi-Fi and next-generation satellites to meet service expectations.
5G small cell market expansion is hampered by high infrastructure deployment costs for small cell networks. The initial deployment stage of 5G infrastructure is an expensive undertaking for network operators. A tiny cell network is set up with a significant investment from several top players. A significant financial constraint in these networks is the cost of resilient strength fibre and power distribution. According to AT&T, Inc. estimate, the average deployment costs of a small cell network ranges from USD 6.8 Million to USD 60 Million, depending upon the rural and urban areas. The cost of installing the 5G network in rural areas is high compared to urban areas due to lack of availability of the resources.
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The deployment of 5G network solutions and services, such as the 5G RAN network architecture, in urban and rural areas is a top priority for governments in industrialised nations. Major players in the global 5G small cell market are launching specialised advanced 5G networks to meet the needs, expanding their 5G capabilities. To stay competitive, the market's top players are implementing a variety of business tactics, including product launches, mergers, partnerships, collaborations, and acquisitions. For instance, Telefonaktiebolaget LM Ericsson introduced the Ericsson Radio Dot 4459 small-cell radio and the indoor Small Cell 5G Network AIR 1279 in May 2021 across the US market. The 5G network coverage required by numerous operators and vendors is supported by Ericsson Indoor Small Cell.
The major participants in the 5G small cell market have used a variety of techniques to expand in the small cell 5G network market. They have employed organic and inorganic growth tactics, such as new product launches, acquisitions, business expansions, and partnerships, to expand their business reach and boost their business revenue growth. Moreover, various small cell 5G network providers are trying to adopt various approaches, including venture capital funding, funding via Initial Coin Offering (ICO), product launches, acquisitions, and partnerships and collaborations, to widen their position in the global small cell 5G network market.
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According to our Global 5G Small Cell Market Analysis, the major driver is the government 5G network deployment is increasing, and Internet of Things (IoT) devices are being adopted to support market expansion.
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|Market size value in 2021||USD 917 million|
|Market size value in 2030||USD 1580 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
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MARKET DYNAMICS & OUTLOOK
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For the Global 5G Small Cell Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global 5G Small Cell Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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