Global 5G Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

The Global 5G Devices Market is experiencing rapid growth, driven by increasing demand for high-speed, low-latency connectivity across various applications. By form factor, smartphones dominate the market due to widespread consumer adoption and continuous advancements in 5G-enabled handsets. However, Customer Premises Equipment (CPE)—both indoor and outdoor—along with industrial-grade routers and gateways, are gaining traction, especially in enterprise and industrial IoT deployments. Additionally, modules are crucial in integrating 5G capabilities into diverse applications, while emerging segments such as drones, head-mounted displays (HMDs), and smart TVs are expanding the scope of 5G connectivity beyond traditional use cases.

From a spectrum support perspective, the market is segmented into Sub-6 GHz, mmWave, and dual-spectrum (both bands). Sub-6 GHz is the most widely used due to its broader coverage and better penetration in urban and suburban environments. However, mmWave (millimeter wave) is gaining momentum, particularly in high-density areas requiring ultra-fast data speeds, such as stadiums and smart cities. Devices supporting both spectrum bands are increasingly preferred, especially in premium consumer electronics and enterprise solutions, ensuring optimal performance across diverse network conditions.

The expansion of the 5G devices market is being fueled by factors such as growing network rollouts, increasing demand for high-bandwidth applications, and advancements in chipset technology. The integration of 5G into emerging device categories, including laptops, hotspots, and IoT modules, is further broadening the market landscape. Moreover, as industries embrace digital transformation, industrial-grade 5G routers and gateways are witnessing substantial adoption in smart factories, logistics, and remote monitoring applications. Going forward, the market will continue to evolve with technological advancements, regulatory developments, and expanding 5G network coverage worldwide.

Global 5G Devices Segment Analysis

In this report, the Global 5G Devices Market has been segmented by Form Factor, Spectrum Support and Geography.

Global 5G Devices Market, Segmentation by Form Factor

The Global 5G Devices Market has been segmented by Form Factor into Modules, CPE (Indoor/Outdoor), Smartphone, Hotspots, Laptops, Industrial Grade CPE/Router/Gateway and Other Form Factors (Drones.

The Global 5G Devices Market encompasses a diverse array of form factors, each catering to specific needs and applications. Modules, essential components integrated into various devices, enable seamless 5G connectivity across a wide range of products. These modules are pivotal in the development of IoT devices, smart wearables, and industrial equipment, fostering the expansion of connected ecosystems globally. Additionally, Customer Premises Equipment (CPE), both indoor and outdoor variants, play a crucial role in extending high-speed 5G internet access to homes, offices, and remote locations, thereby meeting escalating consumer demands for enhanced connectivity solutions.

Smartphones represent a significant segment within the 5G devices market, driving widespread adoption due to their role as primary communication and computing devices. With rapid advancements in mobile technology, 5G-enabled smartphones offer users unparalleled speed and reliability, fueling the upgrade cycle and encouraging further innovation in mobile applications and services. Simultaneously, the proliferation of 5G hotspots and routers supports on-the-go connectivity for users and businesses, facilitating seamless access to high-speed internet in public spaces, transportation hubs, and corporate environments.

Laptops and industrial-grade CPE, routers, and gateways constitute another critical segment within the 5G devices landscape. 5G-enabled laptops empower professionals with faster data transfer speeds and lower latency, enhancing productivity and enabling new capabilities in sectors such as telemedicine and remote work. Industrial-grade CPE, routers, and gateways cater to specialized needs in sectors like manufacturing, logistics, and agriculture, supporting robust and reliable 5G connectivity for mission-critical applications. Moreover, the integration of 5G technology into other form factors, including drones, head-mounted displays (HMDs), tablets, smart TVs, and dongles, opens up new avenues for innovation across entertainment, education, and enterprise sectors, driving the expansion of the 5G devices market into diverse consumer and industrial applications.

Global 5G Devices Market, Segmentation by Spectrum Support

The Global 5G Devices Market has been segmented by Spectrum Support into Sub-6 GHz, MmWave and Both Spectrum Bands.

The global 5G devices market is significantly influenced by the spectrum support available for deployment, primarily categorized into Sub-6 GHz, mmWave, and both spectrum bands. Sub-6 GHz spectrum offers broader coverage and better penetration through obstacles like walls, making it suitable for urban areas and widespread deployment scenarios. This spectrum band is crucial for initial 5G rollouts, providing a balance between coverage and capacity, thereby supporting applications like enhanced mobile broadband (eMBB) and IoT connectivity across various industries.

In contrast, mmWave spectrum operates at higher frequencies, offering exceptionally high data transfer rates and low latency. It is ideal for densely populated urban environments and specific use cases demanding ultra-fast speeds, such as augmented reality (AR), virtual reality (VR), and real-time gaming. However, mmWave's shorter range and susceptibility to obstructions necessitate more extensive infrastructure deployment, limiting its current widespread adoption compared to Sub-6 GHz.

The convergence of both Sub-6 GHz and mmWave spectrum bands presents a hybrid approach in the 5G devices market. This dual-band strategy aims to leverage the strengths of each spectrum type—Sub-6 GHz for broader coverage and mmWave for ultra-fast speeds—providing a comprehensive solution to meet diverse connectivity needs. Hybrid 5G devices supporting both spectrum bands are increasingly becoming mainstream, enabling seamless transitions between coverage areas and catering to a broader range of applications from everyday consumer usage to industrial IoT applications requiring high reliability and low latency.

Overall, the spectrum support landscape in the global 5G devices market reflects a strategic balance between coverage, capacity, and speed requirements. The evolution towards hybrid solutions integrating Sub-6 GHz and mmWave technologies signifies a maturing ecosystem poised to deliver enhanced connectivity experiences across various sectors, driving the next wave of digital transformation and innovation globally.

Global 5G Devices Market, Segmentation by Geography

In this report, the Global 5G Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global 5G Devices Market Share (%), by Geographical Region, 2024

From 2020 to 2030, the Global 5G Devices Market is poised for significant growth across different geographic regions. North America is expected to lead the adoption due to early investments in 5G infrastructure by major telecom operators and strong consumer demand for high-speed connectivity. The region benefits from a robust ecosystem of technology innovation, driving the development and deployment of 5G-enabled devices across various sectors including telecommunications, healthcare, and automotive industries. Government support and regulatory frameworks further facilitate rapid deployment and integration of 5G technologies, positioning North America as a key market for 5G devices throughout the decade.

In Europe, the 5G devices market is characterized by substantial investments in network infrastructure and a competitive landscape among telecom operators. The region's focus on digital transformation initiatives and smart city projects fuels demand for advanced 5G devices capable of supporting diverse applications such as smart manufacturing and connected vehicles. With stringent regulations ensuring spectrum availability and interoperability standards, Europe is expected to witness steady growth in 5G device adoption, driven by technological advancements and partnerships across industries.

Asia Pacific emerges as a pivotal region for the Global 5G Devices Market, driven by extensive investments in 5G infrastructure by countries like China, South Korea, and Japan. The region boasts a large consumer base eager to adopt the latest technological innovations, propelling demand for 5G-enabled smartphones, IoT devices, and network equipment. Rapid urbanization and increasing digitalization across sectors such as retail, education, and logistics further accelerate the deployment of 5G networks, making Asia Pacific a key growth area for 5G devices during the forecast period.

In the Middle East and Africa, the 5G devices market is characterized by a growing number of partnerships between telecom operators and technology providers to enhance network capabilities and expand coverage. Governments in the region are actively investing in 5G infrastructure to support economic diversification and digital transformation initiatives. While challenges such as regulatory frameworks and economic variability persist, strategic investments and collaborations are expected to drive the adoption of 5G devices across various industries, positioning the Middle East and Africa as a promising market for 5G technology in the coming decade.

Latin America represents an emerging market for 5G devices, with increasing investments in network infrastructure and rising demand for enhanced connectivity solutions. Countries like Brazil and Mexico are leading the adoption of 5G technologies, supported by favorable regulatory environments and partnerships between telecom operators and technology vendors. As the region addresses challenges related to spectrum allocation and infrastructure development, opportunities abound for 5G device manufacturers to capitalize on the growing consumer demand for high-speed internet and advanced digital services across Latin America.

This report provides an in depth analysis of various factors that impact the dynamics of Global 5G Devices Market. These factors include; Market Drivers, Restraints and Opportunities.

Drivers, Restraints and Opportunity

Drivers:

• Growing Demand for High-Speed Internet
• Advancements in IoT and Connected Devices

• Government Initiatives and Investments-Government initiatives and investments play a crucial role in shaping the landscape of the Global 5G Devices Market. Across the world, governments are actively involved in fostering the deployment and adoption of 5G technology through various initiatives. One key aspect of these initiatives is the allocation of spectrum. Governments often allocate or auction spectrum bands suitable for 5G networks to telecom operators, facilitating the expansion of network coverage and capacity. Such allocations are pivotal in enabling operators to build robust 5G infrastructure, thereby supporting the growth of the 5G devices market.

  Moreover, governments are investing heavily in research and development (R&D) initiatives aimed at advancing 5G technology. These investments spur innovation in 5G-enabled devices and infrastructure, driving the market forward. Governments also incentivize private sector investments in 5G through grants, subsidies, tax benefits, and partnerships. By providing financial support and creating favorable regulatory environments, governments encourage telecom companies and technology providers to accelerate their 5G deployment plans.

  Some governments are actively involved in creating national 5G strategies and roadmaps. These strategies outline the objectives, timelines, and policies for 5G deployment within their jurisdictions. They often include goals related to network coverage, cybersecurity standards, and digital inclusion. Governments collaborate with industry stakeholders to establish standards and regulations that ensure interoperability and security in 5G networks. Such regulatory frameworks are essential for building trust among consumers and businesses, thereby fostering greater adoption of 5G devices and services.

  In conclusion, government initiatives and investments are pivotal in driving the Global 5G Devices Market by facilitating spectrum allocation, promoting R&D activities, incentivizing private sector investments, and establishing regulatory frameworks. These efforts not only accelerate the deployment of 5G networks but also stimulate innovation in 5G devices and services. As governments continue to prioritize 5G as a critical infrastructure, their strategic interventions are expected to play a significant role in shaping the future growth and evolution of the 5G devices market globally.

Restraints:

• Regulatory and Spectrum Challenges
• Security Concerns

• Limited Coverage in Rural Areas-Limited coverage in rural areas poses a significant challenge for the global 5G devices market. Unlike urban centers where infrastructure investment is more feasible and economically viable, rural areas often lack the population density and economic incentives necessary for telecom operators to expand 5G networks. This discrepancy results in a digital divide, where rural communities may experience slower adoption of 5G technology compared to their urban counterparts. As a consequence, these regions may miss out on the benefits of faster internet speeds, improved connectivity for agriculture and remote industries, and enhanced access to telemedicine and educational resources.

  The issue of limited coverage in rural areas is exacerbated by the high costs associated with building out 5G infrastructure over large, sparsely populated areas. Telecom companies must invest in new base stations, fiber optic cables, and other equipment to ensure reliable coverage, yet the return on investment in rural areas may be uncertain or delayed. Moreover, geographical challenges such as rough terrain and environmental regulations can further complicate deployment efforts, adding to the overall cost and time required to extend 5G networks into rural regions.

  From a regulatory standpoint, spectrum allocation policies also play a crucial role in addressing the issue of limited coverage in rural areas. Governments and regulatory bodies must allocate sufficient spectrum resources and create favorable policies that incentivize telecom operators to invest in rural network expansion. However, navigating these regulatory landscapes can be complex, often requiring coordination between multiple stakeholders to streamline processes and ensure equitable access to 5G technology across all geographic regions.

  Despite these challenges, there are opportunities for innovation and collaboration to bridge the digital divide in rural areas. Technologies such as satellite-based internet services and community broadband initiatives present alternative solutions to traditional network expansion methods. Additionally, public-private partnerships and government funding programs aimed at subsidizing infrastructure costs in rural communities can help accelerate 5G deployment and ensure that all regions benefit from the transformative potential of advanced telecommunications technologies.

Opportunities:

• Innovation in Network Infrastructure
• Collaboration and Partnerships

• Market Expansion in Developing Regions-Market expansion in developing regions for the Global 5G Devices Market represents a pivotal opportunity for growth and transformation. As these regions increasingly prioritize technological advancement, the demand for 5G infrastructure and devices is set to surge. Developing countries, often characterized by burgeoning populations and expanding urban centers, present a ripe environment for 5G deployment. The need for faster, more reliable internet connectivity to support digital transformation across sectors such as healthcare, education, and commerce is a primary driver of this expansion.

  Moreover, developing regions offer a fertile ground for innovation in 5G applications tailored to local needs. Industries ranging from agriculture to manufacturing stand to benefit from enhanced connectivity, enabling efficiencies in production processes and logistics. The integration of 5G with Internet of Things (IoT) devices in these regions holds promise for improved resource management and sustainability practices, crucial for economic development and environmental stewardship.

  Collaboration between local governments, international organizations, and telecommunications companies is pivotal in overcoming infrastructure challenges in developing regions. Initiatives aimed at expanding broadband access and lowering the cost of 5G devices are crucial to bridging the digital divide. Such efforts not only stimulate economic growth but also empower communities by facilitating access to global markets and educational resources.

  However, the expansion of 5G in developing regions also faces obstacles such as regulatory complexities, funding constraints, and the need for skilled workforce development. Addressing these challenges through targeted investments and policy frameworks will be essential to realizing the full potential of 5G technology in these markets. Overall, the trajectory of 5G adoption in developing regions signifies a transformative shift towards inclusive digital economies, poised to drive sustainable development and enhance quality of life across diverse communities.

Key players in Global 5G Devices Market include:

• ZTE Corporation
• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• Huawei Technologies Co., Ltd.
• Samsung Group
• Xiaomi Corp
• Motorola Mobility LLC (Lenovo Group Limited)
• BBK Electronics Corporation
• Keysight Technologies Inc

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis