Product Code: 16796
The Global 5G New Radio Market will grow from USD 50.53 Billion in 2025 to USD 227.34 Billion by 2031 at a 28.49% CAGR. The Global 5G New Radio (NR) Market comprises the standardized air interface technology enabling the next generation of mobile networks to deliver ultra-reliable, low-latency, and high-throughput connectivity.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 50.53 Billion |
| Market Size 2031 | USD 227.34 Billion |
| CAGR 2026-2031 | 28.49% |
| Fastest Growing Segment | Software |
| Largest Market | Asia Pacific |
Key Market Drivers
The primary catalyst propelling the Global 5G New Radio Market is the rising demand for Enhanced Mobile Broadband (eMBB) and high-speed data, driven by the exponential growth of data-intensive applications such as high-definition video streaming and cloud gaming. Network operators are aggressively upgrading their infrastructures to NR architectures to handle this surging throughput requirement, which legacy networks can no longer efficiently support. This transition is further accelerated by the widespread commercial availability of 5G services, which ensures that high-bandwidth capabilities are accessible to a broader consumer base.
Key Market Challenges
The substantial capital expenditure required for infrastructure densification constitutes a primary impediment to the growth of the Global 5G New Radio Market. Network operators must contend with the high costs associated with deploying small cells, which are essential for supporting high-frequency millimeter-wave bands. This financial burden forces telecommunication companies to prioritize investments heavily, often leading to phased or delayed rollouts in regions where the return on investment is not immediately clear.
Key Market Trends
The transition from Non-Standalone (NSA) to Standalone (SA) 5G network infrastructure represents a critical structural shift, moving the industry away from reliance on legacy 4G LTE cores toward a fully cloud-native 5G Core architecture. This evolution allows operators to unlock the technology's full potential by enabling advanced capabilities such as network slicing, ultra-low latency, and Voice over New Radio (VoNR) for broader commercial application beyond just industrial verticals. Telecommunication service providers are accelerating this migration to support massive machine-type communications and simplify network management through simplified, single-generation architectures.
Key Market Players
- Huawei Technologies Co., Ltd.
- Qualcomm Technologies, Inc.
- Telefonaktiebolaget LM Ericsson
- Samsung Electronics Co., Ltd.
- Intel Corporation
- Cisco Systems, Inc.
- Fujitsu Limited
- NEC Corporation
- Nokia Corporation
- Keysight Technologies, Inc.
Report Scope:
In this report, the Global 5G New Radio Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
5G New Radio Market, By Offering:
- Hardware
- Software
- Services
5G New Radio Market, By Operating Frequency:
5G New Radio Market, By Architecture:
- Non-Standalone (NSA)
- Standalone (SA)
5G New Radio Market, By Application:
- Enhanced Mobile Broadband (eMBB)
- Ultra-reliable Low-Latency Communications (URLLC)
- Massive Machine-type Communications (mMTC)
5G New Radio Market, By Industry:
- Telecom & IT
- Manufacturing
- Automotive
- Healthcare
- Retail
- Others
5G New Radio Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global 5G New Radio Market.
Available Customizations:
Global 5G New Radio Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global 5G New Radio Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Offering (Hardware, Software, Services)
- 5.2.2. By Operating Frequency (Sub-6 GHz, mmWave)
- 5.2.3. By Architecture (Non-Standalone (NSA), Standalone (SA))
- 5.2.4. By Application (Enhanced Mobile Broadband (eMBB), Ultra-reliable Low-Latency Communications (URLLC), Massive Machine-type Communications (mMTC))
- 5.2.5. By Industry (Telecom & IT, Manufacturing, Automotive, Healthcare, Retail, Others)
- 5.2.6. By Region
- 5.2.7. By Company (2025)
- 5.3. Market Map
6. North America 5G New Radio Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Offering
- 6.2.2. By Operating Frequency
- 6.2.3. By Architecture
- 6.2.4. By Application
- 6.2.5. By Industry
- 6.2.6. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States 5G New Radio Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Offering
- 6.3.1.2.2. By Operating Frequency
- 6.3.1.2.3. By Architecture
- 6.3.1.2.4. By Application
- 6.3.1.2.5. By Industry
- 6.3.2. Canada 5G New Radio Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Offering
- 6.3.2.2.2. By Operating Frequency
- 6.3.2.2.3. By Architecture
- 6.3.2.2.4. By Application
- 6.3.2.2.5. By Industry
- 6.3.3. Mexico 5G New Radio Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Offering
- 6.3.3.2.2. By Operating Frequency
- 6.3.3.2.3. By Architecture
- 6.3.3.2.4. By Application
- 6.3.3.2.5. By Industry
7. Europe 5G New Radio Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Offering
- 7.2.2. By Operating Frequency
- 7.2.3. By Architecture
- 7.2.4. By Application
- 7.2.5. By Industry
- 7.2.6. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany 5G New Radio Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Offering
- 7.3.1.2.2. By Operating Frequency
- 7.3.1.2.3. By Architecture
- 7.3.1.2.4. By Application
- 7.3.1.2.5. By Industry
- 7.3.2. France 5G New Radio Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Offering
- 7.3.2.2.2. By Operating Frequency
- 7.3.2.2.3. By Architecture
- 7.3.2.2.4. By Application
- 7.3.2.2.5. By Industry
- 7.3.3. United Kingdom 5G New Radio Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Offering
- 7.3.3.2.2. By Operating Frequency
- 7.3.3.2.3. By Architecture
- 7.3.3.2.4. By Application
- 7.3.3.2.5. By Industry
- 7.3.4. Italy 5G New Radio Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Offering
- 7.3.4.2.2. By Operating Frequency
- 7.3.4.2.3. By Architecture
- 7.3.4.2.4. By Application
- 7.3.4.2.5. By Industry
- 7.3.5. Spain 5G New Radio Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Offering
- 7.3.5.2.2. By Operating Frequency
- 7.3.5.2.3. By Architecture
- 7.3.5.2.4. By Application
- 7.3.5.2.5. By Industry
8. Asia Pacific 5G New Radio Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Offering
- 8.2.2. By Operating Frequency
- 8.2.3. By Architecture
- 8.2.4. By Application
- 8.2.5. By Industry
- 8.2.6. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China 5G New Radio Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Offering
- 8.3.1.2.2. By Operating Frequency
- 8.3.1.2.3. By Architecture
- 8.3.1.2.4. By Application
- 8.3.1.2.5. By Industry
- 8.3.2. India 5G New Radio Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Offering
- 8.3.2.2.2. By Operating Frequency
- 8.3.2.2.3. By Architecture
- 8.3.2.2.4. By Application
- 8.3.2.2.5. By Industry
- 8.3.3. Japan 5G New Radio Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Offering
- 8.3.3.2.2. By Operating Frequency
- 8.3.3.2.3. By Architecture
- 8.3.3.2.4. By Application
- 8.3.3.2.5. By Industry
- 8.3.4. South Korea 5G New Radio Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Offering
- 8.3.4.2.2. By Operating Frequency
- 8.3.4.2.3. By Architecture
- 8.3.4.2.4. By Application
- 8.3.4.2.5. By Industry
- 8.3.5. Australia 5G New Radio Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Offering
- 8.3.5.2.2. By Operating Frequency
- 8.3.5.2.3. By Architecture
- 8.3.5.2.4. By Application
- 8.3.5.2.5. By Industry
9. Middle East & Africa 5G New Radio Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Offering
- 9.2.2. By Operating Frequency
- 9.2.3. By Architecture
- 9.2.4. By Application
- 9.2.5. By Industry
- 9.2.6. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia 5G New Radio Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Offering
- 9.3.1.2.2. By Operating Frequency
- 9.3.1.2.3. By Architecture
- 9.3.1.2.4. By Application
- 9.3.1.2.5. By Industry
- 9.3.2. UAE 5G New Radio Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Offering
- 9.3.2.2.2. By Operating Frequency
- 9.3.2.2.3. By Architecture
- 9.3.2.2.4. By Application
- 9.3.2.2.5. By Industry
- 9.3.3. South Africa 5G New Radio Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Offering
- 9.3.3.2.2. By Operating Frequency
- 9.3.3.2.3. By Architecture
- 9.3.3.2.4. By Application
- 9.3.3.2.5. By Industry
10. South America 5G New Radio Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Offering
- 10.2.2. By Operating Frequency
- 10.2.3. By Architecture
- 10.2.4. By Application
- 10.2.5. By Industry
- 10.2.6. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil 5G New Radio Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Offering
- 10.3.1.2.2. By Operating Frequency
- 10.3.1.2.3. By Architecture
- 10.3.1.2.4. By Application
- 10.3.1.2.5. By Industry
- 10.3.2. Colombia 5G New Radio Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Offering
- 10.3.2.2.2. By Operating Frequency
- 10.3.2.2.3. By Architecture
- 10.3.2.2.4. By Application
- 10.3.2.2.5. By Industry
- 10.3.3. Argentina 5G New Radio Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Offering
- 10.3.3.2.2. By Operating Frequency
- 10.3.3.2.3. By Architecture
- 10.3.3.2.4. By Application
- 10.3.3.2.5. By Industry
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global 5G New Radio Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Huawei Technologies Co., Ltd.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Qualcomm Technologies, Inc.
- 15.3. Telefonaktiebolaget LM Ericsson
- 15.4. Samsung Electronics Co., Ltd.
- 15.5. Intel Corporation
- 15.6. Cisco Systems, Inc.
- 15.7. Fujitsu Limited
- 15.8. NEC Corporation
- 15.9. Nokia Corporation
- 15.10. Keysight Technologies, Inc.
16. Strategic Recommendations
17. About Us & Disclaimer