DUBLIN–(BUSINESS WIRE)–The “North America 5G Network and Tower Deployment Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component, Location, Frequency Band, and Small Cell Tower” report has been added to ResearchAndMarkets.com’s offering.
The North America 5G network and tower deployment market is expected to reach US$ 7,100.97 million by 2028; it is estimated to register a CAGR of 11.9% from 2022 to 2028.
The rising number of government initiatives to deploy and promote the adoption of 5G networks is propelling the growth of the North America 5G network and tower deployment market.
Moreover, the adoption of automation across major industries, such as manufacturing, retail, healthcare, and education, is also influencing the rise in 5G network services in the region. For instance, 7-Heaven, a retailer in Canada, launched mobile checkouts across the nation in November 2021.
The 5G network towers across urban areas across North America operate through electricity, whereas those operating in rural areas are run through diesel. This increases the adverse effect on the environment. However, with companies being more conscious about their environmental contribution, the tower companies are integrating solar panels for the network tower operation across the region. These initiatives are expected to propel the North America 5G network and tower deployment market the growth during the forecast period.
In 2021, the 4G technology accounted for the highest number of subscribers. However, the 5G technology is expected to grow at a an exponential rate and account for 63% of the total mobile subscribers by 2025. This rise in the rapid adoption rate of 5G technology is due to an increase in technology penetration such as artificial intelligence, automation among various end users, and integration of IoT-enabled devices across commercial and residential applications.
The rapidly growing population across the region is influencing the constantly growing smart phone and mobile and home broadband subscribers. For instance, according to GSMA 85% of the North American population will adopt smart phone by 2025, thereby contributing to the demand for 5G network services.
North America is one of the strongest geographical regions in terms of economic strength and stability majorly due to presence of developed countries such as the U.S. and Canada in this region. This is a positive growth factor for the 5G network and tower deployment market, as companies are financially strong, and they invest heavily in research and development to offer advanced network services. The above-mentioned factors are projected to positively contobute towards the North America 5G network and tower deployment market.
The North America 5G network and tower deployment market size is segmented into component, location, frequency band, small cell tower, and country.
Based on component, the North America 5G network and tower deployment market analysis is segmented into small cell, 5G mobile core network, and radio access network.
Based on location, the North America 5G network and tower deployment market size is bifurcated into ground tower and rooftop tower.
Based on frequency band, the North America 5G network and tower deployment market analysis is segmented into low band, medium band, and high band.
Based on small cell tower, the North America 5G network and tower deployment market is categorized into femto cells, pico cells, and micro cells.
The major end-users of the 5G network and tower deployment market include residential, commercial, and industrial users. The rising population across the region and the growing adoption of smart phone among them is increasing the demand for 5G network services. Moreover, the rising automation across commercial and industrial sectors is further propelling the demand for 5G network services, which is further propelling the growth of the North America 5G network and tower deployment market.
Market Dynamics
Market Drivers
- Increase in Offering of 5G Services by Network Service Providers
- Increase in Network Subscribers and Adoption of Smart Phone
Market Restraints
- High Cost of 5G Network Tower Deployment
Market Opportunities
- Increase in Adoption of 5G Technology across Industries
Trends
-
Rise in Government Initiatives to Promote the Deployment of 5G
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. North America 5G Network and Tower Deployment – Market Landscape
5. North America 5G Network and Tower Deployment – Market Dynamics
6. North America 5G Network and Tower Deployment Market – Market Analysis
7. 5G Network and Tower Deployment Market – By Component
8. 5G Network and Tower Deployment Market – By Location
9. 5G Network and Tower Deployment Market Analysis – By Frequency Band
10. 5G Network and Tower Department Market Analysis – By Small Cell Tower
11. North America 5G Network and Tower Deployment Market – Country Analysis
12. North America 5G Network and Tower Deployment Market – COVID-19 Impact Analysis
13. Industry Landscape
14. Company Profiles
15. Appendix
Companies Mentioned
- American Tower Corporation
- CROWN CASTLE INTERNATIONAL CORP.
- DISH Network L.L.C.
- CommScope Inc.
- Verizon
- AT&T Inc.
- Qualcomm Technologies, Inc
- SBA Communications Corporation
- Mavenir
- Phoenix Tower International
For more information about this report visit https://www.researchandmarkets.com/r/n5vu5s
