Standalone 5G network market projected to reach USD 132.2 billion by 2032
From GlobeNewswire: 2025-04-08 10:00:00
The Standalone 5G Network Market is set to skyrocket from USD 2.4 billion in 2023 to USD 132.2 billion by 2032, with a CAGR of 56.14%. Major players include Ericsson, Nokia, Huawei, and Samsung among others. The U.S. market alone is projected to reach USD 42.67 billion by 2032, driven by demand for high-speed connectivity in smart industries and IoT applications.
The rapid growth of Standalone 5G is fueled by demand for ultra-low latency, high-speed connectivity, and massive IoT deployments. Industries like healthcare and smart manufacturing are adopting Standalone 5G for real-time applications and automation. Investments in infrastructure, spectrum allocation, and government initiatives are further accelerating market growth.
In 2023, the solutions segment dominated the Standalone 5G Network Market, accounting for 83% of revenue. The services segment is expected to register the fastest growth from 2023-2032, driven by demand for SA 5G-related services such as consulting and implementation. Businesses seek expertise to enhance network management as SA 5G adoption increases worldwide.
The sub-6 GHz spectrum segment currently leads the Standalone 5G Network Market, with the mmWave segment expected to grow rapidly. Sub-6 GHz spectrums provide widespread coverage and stable connectivity, while mmWave technology offers ultra-low latency and high bandwidth for cutting-edge applications. As demand for ultra-high-speed connectivity grows, mmWave adoption is set to rise significantly.
The public segment currently dominates the Standalone 5G Network Market, with 68% revenue share and fast growth projections. Mobile network operators are investing in public SA 5G deployments, with 36 operators in 25 countries already launching public 5G SA networks. This trend is expected to drive market expansion at a rapid pace.
In the Standalone 5G Network Market, the manufacturing segment holds a significant revenue share due to SA 5G’s low latency and high reliability in industrial automation. Real-time control and monitoring of machinery improve efficiency and productivity in manufacturing processes. The automotive and transport segment is projected to register the fastest growth, facilitating instant communication between autonomous cars and intelligent infrastructure. The adoption of SA 5G in the automotive industry is growing rapidly due to its ultra-low latency, improving road safety and efficiency for connected and autonomous cars. The Standalone 5G Network Market is segmented by component, spectrum, network, and vertical, with Asia Pacific leading in revenue share and North America expected to show the fastest growth.
In 2023, the Asia Pacific region dominated the Standalone 5G Network Market, with 46% revenue share, driven by accelerated SA 5G rollout in major countries. North America is expected to have the fastest CAGR, fueled by prominent market vendors and increased demand for smart connectivity, especially in smart cities.
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