5G New Radio Market Market Report 2026

5G New Radio Market Market Overview

• 5G New Radio Market market size has reached to $48.29 billion in 2025 • Expected to grow to $159.89 billion in 2030 at a compound annual growth rate (CAGR) of 27% • Growth Driver: Surge In High-speed Internet Connectivity Demand Driving Growth Due To Rising Reliance On Digital Services • Market Trend: Development Of High-density Rf Transceivers For Enhanced 5G Performance • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under 5G New Radio Market Market?

The 5G new radio (NR) market refers to the global industry focused on the development, deployment, and commercialization of advanced radio access technologies that enable 5G wireless communication. It encompasses innovations in spectrum efficiency, network performance, and low-latency connectivity to support next-generation mobile networks. This market plays a critical role in enhancing data transmission speeds and enabling seamless connectivity across diverse digital ecosystems. The main components of 5G new radio are Hardware, software and services. 5G new radio (NR) hardware refers to the physical components, such as base stations, antennas, and radio units, that enable the transmission and reception of 5G signals, supporting high-speed, low-latency, and massive connectivity for next-generation wireless networks. The Industry involved are telecom and information technology(IT), manufacturing, automotive, healthcare, retail, others industries. The various operating frequency are sub-6 ghz, mmwave. The Deployment model include standalone (SA), non-standalone (NSA). The other applications include enhanced mobile broadband (EMBB), ultra-reliable low-latency communications (URLLC), massive machine-type communications (MMTC).

What Is The 5G New Radio Market Market Growth Forecast?

The 5G new radio market market size is expected to see exponential growth in the next few years. It will grow to $159.89 billion in 2030 at a compound annual growth rate (CAGR) of 27.0%. The growth in the forecast period can be attributed to expansion of mmwave use cases, growth of industrial 5G deployments, demand for ultra reliable low latency services, increasing adoption of massive mimo, need for energy efficient radio networks. Major trends in the forecast period include sub-6 ghz coverage expansion, mmwave deployment in dense urban areas, massive mimo adoption growth, energy efficient radio hardware demand, network slicing enablement expansion.

Global 5G New Radio Market Market Segmentation

1) By Offering: Hardware, Software, Services 2) By Industry: Telecom And Information Technology(IT), Manufacturing, Retail, Other Industries 3) By Operating Frequency: Sub-6 Ghz, Mmwave 4) By Deployment Model: Standalone (SA), Non-Standalone (NSA) 5) By Application: Enhanced Mobile Broadband (Embb), Ultra-Reliable Low-Latency Communications (Urllc), Massive Machine-Type Communications (Mmtc) Subsegments: 1) By Hardware: Transceivers, Antennas, Baseband Units, Small Cells, Routers, Switches 2) By Software: Network Management, Radio Access Network Software, Core Network Software, Network Optimization, Security Software 3) By Services: Consulting, Integration And Deployment, Support And Maintenance, Managed Services, Training And Education

What Is The Driver Of The 5G New Radio Market?

The increasing demand for high-speed internet connectivity is expected to propel the growth of the 5G new radio (NR) market going forward. High-speed internet connectivity refers to fast and reliable internet access that enables quick data transmission, smooth streaming, and efficient online communication using broadband technologies such as fiber-optic, cable, or 5G networks to deliver high bandwidth and low latency for users and businesses. The increasing demand for high-speed internet connectivity is rising due to the growing reliance on digital services for work, education, and entertainment, requiring faster and more stable online access to support seamless digital experiences. 5G new radio helps high-speed internet connectivity by delivering ultra-fast data transmission, low latency, and enhanced network capacity, enabling seamless streaming, real-time communication, and efficient support for advanced digital applications. For instance, in December 2024, according to a report published by Eurostat, a Luxembourg-based statistical organization, in 2024, 94% of households in the EU had internet access. Therefore, the increasing demand for high-speed internet connectivity is driving the growth of the 5G new radio market.

Key Players In The Global 5G New Radio Market

Major companies operating in the 5G new radio market market are Samsung Electronics Co. Ltd., China Mobile Communications Group Co. Ltd., Verizon Communications Inc., Huawei Technologies Co. Ltd., Deutsche Telekom AG, Cisco Systems Inc., Intel Corporation, Qualcomm Technologies, Inc., BT Group plc, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, NEC Corporation, Nokia Oyj, ZTE Corporation, MediaTek Inc., SK Telecom Co. Ltd., NXP Semiconductors N.V., Marvell Technology Inc., Keysight Technologies Inc., Skyworks Solutions Inc.

Global 5G New Radio Market Trends and Insights

Major companies operating in the 5G new radio market are focusing on developing technological advancements such as high-density RF transceivers to enhance network capacity, signal efficiency, and overall data transmission performance. High-density RF transceiver refers to a compact and integrated radio frequency device that supports multiple input and output channels within a single module, enabling efficient signal transmission and reception while enhancing wireless performance through reduced power consumption and improved data throughput. For instance, in February 2024, MaxLinear, Inc., a U.S.-based fabless semiconductor company, launched a single-chip solution for 5G Open RAN radio units, integrating digital, analog, and RF functionalities into one compact device to simplify radio design and enhance network efficiency. This innovation supports high bandwidth and low latency, enabling more flexible and cost-effective deployment of 5G infrastructure. The launch marks a significant step toward improving scalability, power efficiency, and performance in next-generation wireless communication systems. This launch aims to accelerate the adoption of Open RAN architectures by providing a more integrated, energy-efficient, and cost-effective solution for 5G network deployment.

What Are Latest Mergers And Acquisitions In The 5G New Radio Market?

In March 2025, Airspan Networks Holdings LLC, a U.S.-based telecommunications company, acquired Jabil Inc. for an undisclosed amount. Through this acquisition, Airspan Networks Holdings LLC aims to strengthen its 5G Open RAN product portfolio, enhance manufacturing capabilities, and expand global market reach by leveraging Jabil Inc.’s advanced production expertise and supply chain efficiency. Jabil Inc. is a U.S.-based manufacturing services company that provides 5G New Radio.

Regional Insights

North America was the largest region in the 5G new radio market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the 5G New Radio Market Market?

The 5G new radio market consists of revenues earned by entities by providing services such as edge computing services, network slicing services, smart manufacturing services, enhanced mobile broadband services, and private 5G network services. The market value includes the value of related goods sold by the service provider or included within the service offering. The 5G new radio market also includes 5G radio units, antenna arrays, network functions, edge servers, and user equipment. Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the 5G New Radio Market Market Report 2026?

The 5g new radio market market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the 5g new radio market industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.