5G Customer Premises Equipment Market Analysis

Global 5G Customer Premises Equipment Market Overview

5G Customer Premises Equipment Market Size was valued at USD 31.9 billion in 2022. The 5G Customer Premises Equipment market industry is projected to grow from USD 42.3 billion in 2023 to USD 728.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 37.2% during the forecast period (2024 - 2032).

Consumers are gradually shifting towards the information trend as data continues to expand. It is necessary to ensure the flexibility, scalability and rapid speediness in internet services for the consumers efficiency in their browsing experience. Popular markets that introduce 5G first are projected to lead network traffic growth throughout the forecast period.

The demand for 5G CPE devices has witnessed significant growth due to the increasing adoption of 5G technology across various industries and the need for high-speed, reliable connectivity. The market is expected to continue expanding as more countries deploy 5G networks and consumers and businesses seek to harness the benefits of 5G.

The market offers a wide range of 5G CPE devices to cater to different use cases. These devices include 5G modems, routers, fixed wireless access gateways, mobile hotspots, outdoor units, and integrated access devices. The variety of options allows users to choose the device that best suits their specific connectivity requirements.

As the demand for portable and mobile connectivity solutions increases, there is a trend towards developing compact and portable 5G CPE devices. These devices, often referred to as mobile hotspots or pocket Wi-Fi routers, offer the convenience of on-the-go connectivity, allowing users to access high-speed internet wherever they are.

5G Customer Premises Equipment Market SIZE (USD BILLION) (2018-2032)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

According to the Erikson, the 5G percentage of mobile data traffic is estimated to be around 17% by the end of 2022, up from 10% at the end of 2021. As a result of this 5G Customer Premise Equipment will see a rapid demand in upcoming years. The arrival of 5G wireless technology ushers in a new era of hyperconnectivity, allowing billions of people and objects to connect and interact while also promising to unleash the potential of technology advancements like as Artificial Intelligence and Extended Reality. This technological enhancement will entail speedier network connections with improved Mobile Broadband (eMBB) services in the next years. 5G helps to establish the groundwork for new data-driven commercial opportunities that alters numerous industries.

5G Customer Premises Equipment Market Trends

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  Integration of Wi-Fi 6 and Wi-Fi 6E and Edge Computing Capabilities

  
  

Wi-Fi 6 (802.11ax) and Wi-Fi 6E (802.11ax extended into the 6 GHz frequency band) offer significant improvements in wireless performance, capacity, and efficiency. To leverage the benefits of these advanced Wi-Fi standards, 5G CPE devices are being developed and upgraded with integrated Wi-Fi 6 and Wi-Fi 6E capabilities. This integration allows users to enjoy enhanced Wi-Fi connectivity and improved wireless networking experiences within their premises.

Edge computing is gaining traction as a way to process data closer to the source, reducing latency and enhancing real-time processing capabilities. To support edge computing applications, 5G CPE devices are being equipped with edge computing capabilities. This enables local processing of data, providing faster response times and supporting applications like autonomous vehicles, smart cities, and industrial IoT.

5G Customer Premises Equipment Market Segment Insights:

5G Customer Premises Equipment by Equipment Type Insights

The 5G Customer Premises Equipment market segmentation, based on equipment type, includes Modem, Router, Fixed Wireless Access (FWA) Gateway, Mobile Hotspot, Integrated Access Device, Extender/Repeater and Others.

5G modem is a standalone device that connects to a 5G network and provides internet connectivity to other devices through wired or wireless connections. It typically includes Ethernet ports, Wi-Fi capabilities, or both, allowing you to connect devices directly or create a local wireless network. With mounting need for enhanced internet connectivity and lower latency demand for 5G modems are expected to boost during forecast period.

A 5G IAD combines the functionality of a 5G modem or router with additional features for voice services. It connects to the 5G network and provides both internet connectivity and voice services, often supporting features like VoIP (Voice over Internet Protocol) or analog telephone ports.

With the rising industrial automation, IoT, and novel connectivity services, 5G indoor network infrastructure opens up new opportunities for operational efficiency. The increasing use of 5G services due to their speed, as well as the growing necessity of indoor network infrastructure for industrial and commercial use, are likely to fuel market expansion.

5G Customer Premises Equipment Market SIZE (USD BILLION) Product Type 2022 VS 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

5G Customer Premises Equipment by Application Insights

The 5G Customer Premises Equipment market segmentation, based on application, includes High-Speed Internet Access, Smart Homes, Remote Work and Telecommuting, IoT Connectivity, VR and AR, Edge Computing, Security and Surveillance, Rural Broadband Connectivity and Others.

5G CPE allows for high-speed broadband internet access, enabling faster downloads, streaming, and online gaming. It provides an alternative or complementary solution to traditional wired broadband connections. With use of 5G CPE remote workers can enjoy high-speed internet connectivity at home, facilitating tasks such as video conferencing, cloud-based collaboration, and accessing company networks. It supports efficient remote work and telecommuting experiences.

Furthermore, 5G CPE can be utilized in edge computing scenarios, bringing computational power closer to the end-user or application. It reduces latency by processing data locally, enabling real-time processing for applications like autonomous vehicles, smart factories, and augmented reality.

5G Customer Premises Equipment Market SIZE (USD BILLION) Application 2022 VS 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

5G Customer Premises Equipment End-user Insights

According to End-user, the segment is divided into education, government, industrial, Telecom, others. IT & Telecom segment is anticipated grow efficiently in terms of CAGR in the 5G Customer Premises Equipment industry. The dramatic rise in data network traffic necessitates network providers to improve their services with the technological enhancements.

For instance, in May 2022, Nokia launched two new Software-as-a-Service (SaaS) services to assist communication service providers (CSPs) and companies in increasing energy efficiency and optimizing home device management. The new SaaS solution allows operators to remotely supervise Customer Premise Equipment (CPE) such as residential gateways, 5G fixed wireless access devices, WiFi extensions, and IP set-top boxes, as well as providing ultra-reliable secured internet connection to the smart home.

5G Customer Premises Equipment Market SIZE (USD BILLION) End-user 2022 VS 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

5G Customer Premises Equipment Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South and Central America. North America has been at the forefront of 5G network deployment and adoption. The region has witnessed significant demand for 5G CPE devices, particularly in the United States and Canada. The market is driven by the need for high-speed connectivity in residential, enterprise, and industrial sectors. Service providers and network operators are actively promoting 5G CPE solutions for fixed wireless access, smart home applications, and IoT connectivity.

Asia-Pacific is a key market for 5G CPE devices due to the rapid deployment of 5G networks in countries like China, South Korea, and Japan. These countries have seen widespread adoption of 5G technology, creating a substantial demand for 5G CPE devices. The market is driven by factors such as increasing internet penetration, government initiatives, and the growth of smart cities and IoT applications.

Europe is another important market for 5G CPE devices. Countries like the United Kingdom, Germany, France, and Spain have made significant progress in 5G network deployment. The market is driven by the need for high-speed connectivity in various sectors, including residential, commercial, and industrial. 5G CPE devices are being adopted for applications such as fixed wireless access, smart home automation, and industrial IoT.

Regulatory decisions and policies regarding 5G network deployment and spectrum allocation will also impact the 5G CPE market. Favorable regulatory environments and government initiatives that promote 5G adoption can accelerate market growth by creating a conducive ecosystem for network operators, device manufacturers, and end-users.

5G Customer Premises Equipment Market SIZE (USD BILLION) REGION 2022 VS 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

5G Customer Premises Equipment Key Market Players & Competitive Insights

Competition in the 5G CPE market is driven by technological advancements and innovation. Key players are constantly developing new features, improving performance, and enhancing user experiences. These advancements include faster data speeds, improved coverage, integration with advanced Wi-Fi standards, edge computing capabilities, and enhanced security features.

Companies in the 5G CPE market often form strategic partnerships and collaborations to expand their market reach and offer comprehensive solutions. This includes collaborations between network operators and device manufacturers to ensure compatibility and interoperability. Partnerships with software providers and IoT platform providers are also common to enable seamless integration with IoT devices and applications.

Price competition is a significant factor in the 5G CPE market, as companies strive to offer competitive pricing to attract customers. Price wars may occur, especially in regions with multiple network operators and device manufacturers vying for market share. Companies often balance competitive pricing with value-added features and services to differentiate their offerings.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the 5G Customer Premises Equipment market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the 5G Customer Premises Equipment industry must offer efficient technologies to expand and survive in an increasingly competitive and rising market environment.

Key Companies in the 5G Customer Premises Equipment market include

• Ericsson


• Fujitsu


• Huawei Technologies Co., Ltd.


• Xiamen Yeastar Information Technology Co., Ltd.


• Askey Computer Corp


• NETGEAR


• Inseego Corp.


• Sercomm Corporation


• WAVETEL TECHNOLOGY


• TENCO


• Four-Faith


• Rohde & Schwarz


• Shenzhen Wlink Technology Co., Ltd.


• iF Design

5G Customer Premises Equipment Industry Developments

March 2021: Inseego Corp. announced that its Wavemaker PRO 5G indoor router FX2000e has been certified for use across a number of worldwide regions. This plug-and-play fixed wireless solution offers 5G/LTE internet with ethernet and Wi-Fi 6 support for up to 32 gadgets, which makes it suitable for small businesses and spread employees that require fast, dependable, and secure internet access.

April 2023: Four-Faith, introduced its latest product, the Four-Faith 5G ODU the technology is designed to offers high-speed connectivity with low latency to its consumers.

Intended Audience

• Education Industry


• Technology Investors


• Government Bodies


• Public Authorities


• Industrial Sectors

5G Customer Premises Equipment Market Segmentation

5G Customer Premises Equipment Product Type Outlook (USD Billion, 2018-2032)

• Modem


• Router


• Fixed Wireless Access (FWA) Gateway


• Mobile Hotspot


• Integrated Access Device


• Extender/Repeater


• Others

5G Customer Premises Equipment Application Outlook (USD Billion, 2018-2032)

• High-Speed Internet Access


• Smart Homes


• Remote Work and Telecommuting


• IoT Connectivity


• VR and AR


• Edge Computing


• Security and Surveillance


• Rural Broadband Connectivity


• Others

5G Customer Premises Equipment End-user Vertical Outlook (USD Billion, 2018-2032)

• Education


• Government


• Industrial


• IT & Telecom


• Others

5G Customer Premises Equipment Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • UK
  
  
  • France
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Middle East & Africa
  
  
  
  • GCC
  
  
  • South Africa
  
  
  • Rest of Middle East & Africa
  
  
  
  


• South America
  
  
  
  • Brazil
  
  
  • Argentina
  
  
  • Rest of South America