A key finding of the report is that growing penetration M2M/IoT connections and surge in demand for mobile broadband services are factors currently driving the global 5G infrastructure market. However, huge initial investment, implementation challenges regarding technology and infrastructure, and increase in security and privacy concerns are impediments to market growth. On the other hand, an increase in government initiatives for building smart cities in emerging economies is creating new pathways in the industry.
The report also finds that based on communication infrastructure, the small cell segment contributed nearly two-fifths of the total market share in 2017 and will maintain its dominance by 2025. This is due to surge in demand for mobile broadband service and its ability to efficiently offer high-speed broadband. Here, the radio access network segment is expected to grow at the highest CAGR of 108.0% during the forecast period, 2018 to 2025, owing to its evolution and support for multiple-input, multiple-output (MIMO) antennas, multi-band carrier aggregation, large spectrum bandwidths, and Distributed Antenna Systems (DAS).
See also: 5G infrastructure needs programmability
In terms of chipset type, the report finds that ASICs held the major share in 2017, accounting for nearly half of the total market share. ASICs are expected to maintain leadership status by 2025 due to increasing demand for custom chips. On the other hand, FPGAs are expected to register the highest growth rate with a CAGR of 109.6% from 2018 to 2025, owing to its reprogramming characteristics that led to wide adoption.