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Market Research Report

Global 5G Connected Devices Market Report 2017-2030 : Based on Device Type, Based on End-use, Based on Geography with COVID-19 impact

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Global 5G Connected Devices Market

Connected devices are already dominating the consumer market, and 5G is about to take these capabilities to new levels. The average US household has an average of 11 connected devices, including smart screens to view content, and the further adoption of smartphones, next generation entertainment, and smart homes will all be bolstered by the release of 5G. Consumers all around the world love being connected at all times, particularly if it provides them access to information and entertainment. One of the biggest advances of 5G is small cell tech, which offers more reliable coverage, lower cost per bit, and improved network performance. Though, this shift requires widespread implementation and is one of the reasons 5G will likely gradually roll out over the next 10 or so years rather than as soon as it is available. Once it’s ready, 5G will integrate seamlessly with both 4G systems and Wi-Fi.

Advanced connectivity will enable new capabilities in major commercial domains

Today, online video accounts for around 70% of the world’s internet traffic and by 2030, that share is estimated to exceed 80%, by 2030, as the world will consume 20 times more data than it does today, with much of this growth is driven by new users, more time spent watching video, and higher-definition content. Connectivity will enable businesses to do more in the next decade as well. Enhanced broadband will make streaming, downloads, and data exchange lightning fast. Because they require less power, LPWANs can extend the battery life of the devices and sensors they connect, making it possible for the Internet of Things like never before. Ultra-low latency and strong security will create the confidence to run “mission-critical” applications that demand absolute reliability and responsiveness, even in vital infrastructure systems and in matters of life and death.

5G and Massive IoT Will Create a Connected World

5G and Massive IoT, the term used to describe the world’s massive number of connected devices and sensors communicating with each other, will be enabled by this future network infrastructure and it is the key driver in creating an interconnected world. These connected things will bring about economic benefits globally with new services, safety and overall efficiency, and they can create approximately USD 2 trillion in economic profits worldwide. IoT services will stretch wide across industries and are continuing to be developed in unique and innovative ways, claiming spots in retail, homes, the public sector, businesses, cities, healthcare, food and beverage, industrial, and manufacturing. Therefore, in the coming years, 5G technology is expected to be scalable and energy efficient and will pioneer a massive IoT world, with a lot of focus will be on extreme simplicity, low-power consumption, and persistent coverage for reaching challenging locations, as well as increased connection density so that networks can handle the massive no. of devices deployed for IoT applications.

Worldwide 5G growth projections

  • It is estimated that there would be 1.8 billion 5G subscriptions for enhanced mobile broadband by the end of 2024 and this will account for over 20% of all mobile subscription at that time.
  • The peak of LTE subscriptions is projected for 2022, at around 5.2 billion subscriptions, with the number slowly thereafter.
  • By the end of 2025, nearly 38% of cellular IoT connections will be broadband IoT, with 4G connecting the majority.
  • 5G can cover up to 65% of the world’s population in 2024.
  • NB-IoT and Cat-M technologies will account for close to 45% of cellular IoT connections in 2024.

Global 5G Connected Devices Market Segmentation

Based on Device Type

  • Mobiles
  • Tablets
  • Networking Equipment

Based on End-use

  • Residential
  • Commercial

Based on Geography:

  • North America (US, Canada) {Market Share (%), Market Size (USD Million), Adoption (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Adoption (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Adoption (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million), Adoption (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Adoption (%)}
  • Rest of the World {Market Share (%), Market Size (USD Million), Adoption (%)}

Overview of Global 5G Connected Device Market

5G network’s complete economic effect will likely be realized across the globe at least by 2030, with supporting a wide range of industries and potentially enabling up to USD 13.3 trillion worth of goods and services and will also contribute around USD 2 trillion dollars in GDP growth by the end of the same period. The 5G value chain, including OEMs, operators, content creators, app developers, and consumers, could alone support up to 22.3 million jobs, or more than one job for every person in Beijing, China. The average consumer is expected to go from being able to consume 2.3 GB of data per month today to close to 11 GB of data per month on their smartphone in 2022, driven by the explosive growth in video traffic as mobile is increasingly becoming the source of media and entertainment, as well as the massive growth in always-connected cloud computing and experiences. Connected cars is projected to become the largest segment of the global 5G Internet of Things (IoT) endpoint market, having a projected 19 million endpoints by 2023. The overall 5G IoT endpoint installed base is forecast to grow from 3.6 million in 2020 to around 50 million in 2023 worldwide. Global 5G Network Equipment Market was valued around USD 1.8 billion in 2019 and it is projected to grow at a compound annual growth (CAGR) of 9% from 2020 to 2030.

COVID-19 Impact on Global 5G Connected Devices Market

Even after the COVID-19 impacts hitting the global supply chains and construction projects, telecommunications firms in the US have continued to contract equipment from Chinese technology giant Huawei, Finland’s Nokia and Sweden’s Ericsson to build 5G networks, which are expected to power everything from high-speed video transmissions to self-driving cars. Further, after blacklisting Huawei last year amid security concerns, now the United States confirmed it will amend prohibitions on US companies doing businesses with the firm, so that they can work together to set standards for 5G networks, in fact, the world’s largest telecommunications equipment maker informed in February 2020, it had clinched 91 commercial contracts, despite the US security issues. Further, as of June 2020, the Swedish telecom equipment maker, Ericsson, has reported 93 5G commercial agreements and 40 live networks across 22 countries. Ericsson also doubled its global forecast for 5G mobile subscriptions to 190 million by the end of this year, due to faster than expected uptake in China. Also, the equipment maker strikes deals with the US operators RINA Wireless, U.S Cellular and GCI GLIBA.O. Further, the United States is in talks with Brazil and local telecommunications companies on funding the acquisition of 5G gear produced by Ericsson and Nokia.

Qualcomm ramps up 5G smartphone and laptop bets

Qualcomm Inc is ramping up its effort to put 5G mobile phones within the reach of billions of people and backing new connected laptops aimed at the growing no. of people working at home due to the COVID-19 pandemic. The U.S. chipmaker launched a 5-G ready version of its Snapdragon 4 chips that will run on cheaper phones, priced at USD 125 - USD 250 that will hit markets in the first quarter of 2021.  "It will deliver on the promise of making 5G accessible to all smartphone users," Qualcomm's president, Cristiano Amon.

Major Players of Global 5G Connected Devices Market

  • Ericsson
  • Nokia
  • Qualcomm
  • ZTE Corporation
  • Samsung
  • Huawei Technologies
  • AT&T
  • Vodafone
  • Verizon
  • Sprint Corporation
  • Hi-Silicon
  • Mediatek
  • Rohde & Schwarz
  • VIAVI Solutions Inc.
  • Keysight Technologies
  • Anritsu
  • Lite Point

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Key questions answered in this Global 5G Connected Devices Market Report

What is the total market size by 2030 and what would be the expected growth rate of market?

What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?

What are the key market trends?

What are the factors which are driving this market?

What are the major barriers to market growth?

Who are the key vendors in this market space?

What are the market opportunities for the existing and entry level players?

What are the recent developments and business strategy of the key players?

Reasons to buy this market study

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  • Respond to your competitors’ business structure, strategy and prospects
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies


What is the expected value of the 5g Connected Device market by the year 2030?

  •  According to Goldstein Market Intelligence, 5G Connected Device market is expected to reach USD 133 billion by the 2030.

What is the projected CAGR for 5G Connected Device market through 2030?

  • Goldstein Market Intelligence predicts 66.3% CAGR for 5G Connected Devices market by the end of 2030.

What was the value of the 5G Connected Device market in 2019?

  • According to the report, published by Goldstein Market Intelligence, the market size for 5G Connected Device was USD 721 million in 2019. 

Which are the top leading players in this market?

  • Top Leading players in this market are Huawei Technologies, Ericsson, Nokia, Qualcomm, and Samsung.

What would be the estimated 5G subscriptions by 2024?

  • It is estimated that there would be 1.8 billion 5G subscriptions for enhanced mobile broadband by the end of 2024 and this will account for over 20% of all mobile subscription at that time.

What is the expected per capita consumption of internet data on smartphone in 2022? (per month)

  • The average consumer is expected to go from being able to consume 2.3 GB of data per month today to close to 11 GB of data per month on their smartphone in 2022.

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Global 5G Connected Devices Market Report 2017-2030 : Based on Device Type, Based on End-use, Based on Geography with COVID-19 impact

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