The 3G infrastructure equipment market consists of the revenue generated by the sales of 3G infrastructure equipment by the companies manufacturing the 3G infrastructure equipment. The 3G infrastructure equipment include switching equipment, transmission equipment, signaling equipment, private branch exchange phone system equipment, enterprise networking equipment, central office switching hardware, LAN modems, multi-user modems, and other data communications hardware such as bridges, routers, gateways, mobile devices and base stations.
The global 3G Infrastructure equipment market is expected to decline from $28.38 billion in 2019 and to $26.61 billion in 2020 at a compound annual growth rate (CAGR) of -6.25%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $30.08 billion in 2023 at CAGR of 4.17%.