According to a new report, published by KBV research, The Global 5G New Radio Market size is expected to reach $362.15 billion by 2032, rising at a market growth of 28.1% CAGR during the forecast period.
The Sub-6 GHz segment is poised to grow at a CAGR of 27.2 % during the forecast period. Sub-6 GHz frequencies, including low-band (below 1 GHz) and mid-band (1–6 GHz) spectrums, are widely used for nationwide 5G deployments as they balance speed and coverage. Telecom operators have prioritized mid-band spectrum for 5G rollouts, as it offers higher data speeds than 4G LTE while maintaining good coverage, making it ideal for urban and rural areas.
The Enhanced Mobile Broadband (eMBB) segment captured the maximum revenue in the Global 5G New Radio Market by Application in 2024, thereby, achieving a market value of $134.6 billion by 2032. eMBB enables faster mobile data speeds, improved network capacity, and seamless high-definition streaming, making it ideal for consumer applications such as video streaming, cloud gaming, augmented reality (AR), and virtual reality (VR). The growing penetration of 5G smartphones, smart devices, and mobile networks has significantly fueled eMBB adoption.
The Hardware segment is experiencing a CAGR of 28.3 % during the forecast period. The expansion of this sector is predominantly propelled by the extensive implementation of 5G infrastructure, encompassing base stations, antennas, small cells, and sophisticated semiconductor components. Transitioning to higher frequency bands, such as mmWave, required extensive hardware investments, pushing telecom operators and enterprises to upgrade their networks.
The Non-Standalone (NSA) segment led the maximum revenue in the Global 5G New Radio Market by Architecture in 2024, thereby, achieving a market value of $233.6 billion by 2032. NSA architecture allows 5G networks to operate on existing 4G LTE infrastructure, enabling telecom operators to quickly roll out 5G services without major infrastructure overhauls. This approach is particularly beneficial for early-stage 5G deployments, as it minimizes capital expenditure (CAPEX) while providing enhanced data speeds and connectivity.
The IT & Telecommunication segment is growing at a CAGR of 26.5 % during the forecast period. Telecom operators worldwide have heavily invested in 5G infrastructure, including base stations, fiber-optic networks, and spectrum acquisition, to meet growing consumer and enterprise demand. Additionally, cloud computing, edge computing, and AI-driven network management have fueled adoption within the IT sector.
Full Report: https://www.kbvresearch.com/5g-new-radio-market/
The Asia Pacific region dominated the Global 5G New Radio Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $141.1 billion by 2032. The North America region is anticipated to grow at a CAGR of 27.2% during (2025 - 2032). Additionally, The Europe region would witness a CAGR of 27.5% during (2025 - 2032).
By Operating Frequency
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