According to experts, the soaring value of this industry is driven by familiar factors of high-tech development including artificial intelligence (AI) and private networks. In 2025, SNS Insider estimated the value of the 5G device industry at 32 billion USD and they predicted a compound annual growth rate (CAGR) of 23.6% in the period from 2026 to 2035.
Other factors driving the expected growth include the deployment of smart infrastructure and automation technology.
SNS Insider also pointed out the increasing demand for high-speed, low-delay connections, driven by the development of IoT (Internet of Things), AR (enhanced reality) technology, self-driving cars and smart city initiatives.
The research company also appreciates the role of regulators as potential growth drivers, noting that they are rapidly upgrading equipment to meet these needs.
The report said that technology under 6GHz accounted for the largest market share in 2025 with 62.4%, of which the Asia-Pacific region led with 37.5%.
Telecommunications operators lead the global 5G device market with a market share of 57.3% in 2025, thanks to large-scale investments in deploying 5G infrastructure nationwide.
Businesses, especially those in the field of smart manufacturing and smart cities, are expected to witness the fastest annual compound annual growth rate (CAGR) from 2026 to 2033, when they apply their own 5G network to allow real-time automation, smart surveillance and IoT integration.
According to SNS Insider, technology is not the only factor driving the growth of the 5G device industry. According to them, initiatives supported by governments, including spectrum auctions, funding for research and development projects, as well as digital transformation programs, are also factors that "promote the expansion of 5G".
