The North America 5G New Radio Market would witness market growth of 27.2% CAGR during the forecast period (2025-2032).
The US market dominated the North America 5G New Radio Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $67,103.7 million by 2032. The Canada market is experiencing a CAGR of 29.5% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 28.5% during (2025 - 2032).
5G New Radio (5G NR) is the standard for next-generation wireless communication devised by the 3rd Generation Partnership Project (3GPP) to support 5G networks. It is engineered to deliver enhanced data transmission speeds, reduced latency, increased network capacity, and superior efficiency in comparison to earlier generations, including 4G LTE. 5G NR is the foundation for modern mobile networks, IoT applications, smart cities, industrial automation, and emerging digital innovations.
Unlike earlier wireless technologies, 5G NR is highly flexible and scalable, capable of supporting diverse use cases, from enhanced mobile broadband (eMBB) to ultra-reliable low-latency communication (URLLC) and massive machine-type communication (mMTC). This adaptability renders it particularly suitable for applications necessitating real-time responsiveness, high-speed connectivity, and the seamless integration of billions of interconnected devices.
The market in North America is experiencing significant growth, propelled by advantageous governmental policies and technological innovations. According to the National Telecommunications and Information Administration, the region leads in 5G adoption, with 108 million 5G connections and 506 million LTE connections by the end of Q3 2022. The penetration of 5G among the population is approaching 30%, with 14 million new 5G connections added in the quarter, reflecting a 15.47% increase from Q2 2022. This rapid expansion has heightened the demand for 5G NR infrastructure, ensuring the high-speed, low-latency connectivity required to support next-generation applications such as autonomous vehicles, smart cities, and industrial automation. Furthermore, in Canada, the transition from 4G to 5G NR technology is expected to drive significant economic growth, as reported by the Canadian government. By 2026, Canadian telecommunications service providers are projected to invest approximately $26 billion in 5G network expansion, with 5G NR technology anticipated to contribute up to $40 billion annually to the Canadian economy. Hence, as North American nations modernize their digital infrastructure, the adoption of 5G NR technology will continue to rise, supporting a wide range of applications in telecommunications, industrial automation, smart cities, and healthcare.
Free Valuable Insights: The 5G New Radio Market is Predict to reach USD 362.15 Billion by 2032, at a CAGR of 28.1%
Based on Operating Frequency, the market is segmented into Sub-6 GHz, and mmWave. Based on Application, the market is segmented into Enhanced Mobile Broadband (eMBB), Massive Machine-type Communications (mMTC), and Ultra-reliable Low-Latency Communications (URLLC). Based on Offering, the market is segmented into Hardware (Database Administration, Radio Units, Antennas, Customer Premises Equipment (CPE), and Other Hardware), Services, and Software. Based on Architecture, the market is segmented into Non-Standalone (NSA), and Standalone (SA). Based on Industry, the market is segmented into IT & Telecommunication, Manufacturing, Automotive, Healthcare, Retail, and Other Industry. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Operating Frequency
By Application
By Offering
By Architecture
By Industry
By Country
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