5G Base Station Market Size

5G Base Station Market size was valued at USD 52.41 billion in 2024 and is expected to cross USD 731.04 billion by the end of 2037, expanding at more than 24.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of 5G base station is estimated at USD 62.72 billion. The reason behind the growth is impelled by the growing demand for high-speed data with low latency. The 5G networks are expected to be 20 times faster than the 4G networks providing higher bandwidth with high data speed and negligible latency which has further resulted in high penetration and adoption of 5G technology among consumers.

Moreover, increasing demand for higher bandwidth among consumers and businesses for various applications such as entertainment and virtual meetings among other applications is estimated to boost the industry growth. For instance, it was estimated that there are expected to be around 1 billion 5G subscriptions by 2023 globally.

The rising penetration of smartphones across the globe is believed to fuel 5G base station market growth. For instance, it puts plenty of pressure on the network provider to provide high-speed internet as the number of smartphones is rising. For instance, globally the number of people using smartphones was expected to reach approximately 6 billion in 2023 up from nearly 3 billion in 2016.