Carrier Aggregation Solutions Market projected to reach USD 17.77 billion by 2032, driven by 5G expansion

From GlobeNewswire: 2025-06-18 10:00:00

The Carrier Aggregation Solutions Market was valued at USD 3.92 billion in 2023 and is projected to reach USD 17.77 billion by 2032, with a CAGR of 18.35% from 2024 to 2032. Major players in the market include Anritsu, Cisco, Huawei, Nokia, Qualcomm, and more. Mid-band spectrum dominated market share in 2023, and licensed spectrum led in revenue. Smart city applications are expected to witness the fastest growth. North America led the market in 2023, while Asia Pacific is set to grow the fastest through 2032, driven by investments in 5G infrastructure.

The demand for high-speed mobile data services is fueling growth in the Carrier Aggregation Solutions Market, with carrier aggregation playing a crucial role in enhancing spectral efficiency and user experience. The U.S. market is projected to reach USD 4.88 billion by 2032, driven by the rollout of 5G networks and investments in telecom infrastructure. Mid-band spectrum and licensed spectrum are key factors driving market growth, with smart city applications expected to see significant growth in the coming years.

North America held the largest share of the Carrier Aggregation Solutions Market in 2023, while Asia Pacific is expected to register the fastest CAGR from 2024 to 2032. The region’s growth is fueled by investments in 5G infrastructure and increasing mobile data consumption, particularly in countries like China, India, Japan, and South Korea. The market is driven by rapid urbanization, government-led smart city programs, and growing smartphone penetration.

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