Cellular Networks Market Analysis

Cellular Networks Market Overview

The Cellular Networks Market is projected to grow from USD 0.63 Billion in 2024 to USD 3.5 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 23.77% during the forecast period (2024 - 2032). Additionally, the market size for Cellular Networks was valued at USD 0.5 billion in 2023.

A high rate of internet use, an open networking architecture, the use of the cloud, and virtualization, are the key market drivers enhancing the market growth.

Figure 1: Cellular Networks Market Size, 2024-2032 (USD Billion)

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

Cellular Networks Market Trends

Sizable internet penetration rate is driving the market growth

In the wealthy nations of North America and Europe, the rate of internet penetration has quickly expanded during the past ten years. According to statistics on internet usage worldwide, there will be 54.2% of internet users in Asia, 13.9% in Europe, and 6.5% in North America in 2022. The Middle East and African nations are seeing the fastest increases in internet usage. Even mobile device internet use is rising. As a result, the demand for smart gadgets with wireless networking technologies is anticipated to increase in response to the growing need for internet connectivity. In the next five years, machine-to-machine (M2M) connectivity are anticipated to increase by more than two times globally. M2M connections can be found in asset tracking systems for warehouses, delivery vehicles, and industrial facilities. The demand for wireless connectivity is being greatly fueled by the variables listed above as well as the expanding acceptance of 5G technology, the rise of loT and M2M connections, and the growing number of internet users.

The adoption of an open networking approach may spur innovation in how private LTE networks operate. Vendors can now offer virtualized and cloud-based solutions for radio-based stations and mobile core networks thanks to improvements in cloud and virtualization technology. The Open RAN (O-RAN) has been widely embraced by MNOS and corporations because it gives companies greater freedom and prevents issues with vendor lock-in. Open networking enables businesses to employ products from any vendor, which can lower reliance on a single supplier and cut down on overall deployment costs. Open networking has been made possible by virtualization and the use of the cloud. Vendors might, for instance, construct a virtual baseband unit (VBBU) in the operator's or company's data centre for usage in the radio network. Virtualization can be used to create an EPC, which can then be installed on COTS servers or in the cloud. Network infrastructure enablers, ISVs, cloud service providers, MNOS, Sis, channel partners, and MSPs are all part of the private LTE market ecosystem. The robust ecosystem-wide cooperation is anticipated to fuel the expansion of the private LTE industry. Thus, driving the Cellular Networks market revenue.

Cellular Networks Market Segment Insights

Cellular Networks Technology Insights

The Cellular Networks market segmentation, based on technology, includes 2G, 3G, 4G, and 5G. 3G segment dominated the market in 2022. This is due to the fact that it has the most users worldwide, low-cost modem options, and certifications. The market share of 3G is expected to decline even though standards and technology for machine-to-machine and Internet of Things connections are fast evolving and providing cutting-edge and effective cellular services. In industrial applications, it is projected that technologies like LTE-M, NB-LTE-M, and NB-IoT will quickly commercialise and advance.

Cellular Networks Frequency Insights

The Cellular Networks market segmentation, based on frequency, includes Edge, UMTS, and LTE. Edge segment dominated the market in 2022. The 3G cellular network is what powers the edge section.

Cellular Networks Application Insights

The Cellular Networks market segmentation, based on application, includes Mobile phones, USB/power Dongles, and Modem/router. Mobile phones segment dominated the Cellular Networks market in 2022.Both the cellular networks market and the wireless connectivity market are anticipated to grow strongly as a result of the emergence of a number of intelligent applications that can be employed through cellular networks.

Cellular Networks Type of Connection Insights

The Cellular Networks market segmentation, based on type of connection, includes Post-paid and Pre-paid. Pre-paid segment dominated the Cellular Networks market in 2022.It is expected that cellular technologies will become more common in applications needing big installations and plenty of endpoint connections. Pre-paid cellular networks are benefiting as a result from the growth of the manufacturing, utility, and energy sectors. The technology is being used in more and more smart city applications, which is expanding the market.

Figure 1: Cellular Networks Market, by Type of Connection, 2022 & 2032 (USD Billion)

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

Cellular Networks Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Cellular Networks Market dominated this market in 2022 (45.80%). This is due to the development of the cellular network sector.Further, the U.S. Cellular Networks market held the largest market share, and the Canada Cellular Networks market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CELLULAR NETWORKS MARKET SHARE BY REGION 2022 (USD Billion)

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

Europe Cellular Networks market accounted for the healthy market share in 2022. The ability of sectors to quickly adopt smart and connected devices as well as the inclination of the technology landscape for constant change are key growth factors for the industry. Further, the German Cellular Networks market held the largest market share, and the U.K Cellular Networks market was the fastest growing market in the European region.

The Asia Pacific Cellular Networks market is expected to register significant growth from 2023 to 2032. This is a result of the rapidly growing number of mobile subscribers and the rising demand for 4G services in nations like China and India. Moreover, China’s Cellular Networks market held the largest market share and the Indian Cellular Networks market was the fastest growing market in the Asia-Pacific region.

Cellular Networks Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Cellular Networks market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Cellular Networks industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Cellular Networks industry to benefit clients and increase the market sector. In recent years, the Cellular Networks industry has offered some of the most significant advantages to medicine. Major players in the Cellular Networks market, including AT&T Inc., Verizon Communications, Alcatel Lucent, Bharti Airtel Ltd, NTT Docomo, Reliance Communications Ltd, Singapore Telecommunications Ltd, and China Mobile Ltd, are attempting to increase market demand by investing in research and development Technologys.

Designing and developing wireless telecommunications devices and services is Qualcomm Inc. The business sells system software and integrated circuits for mobile phones and other wireless products. Its product line includes integrated circuits for wireless connectivity, power management, consumer wireless devices, cellular modems, and radio frequency transceivers. The company's products are used in a variety of devices, including mobile phones, laptops, tablets, cellular handsets, cameras, servers, routers, access points, wearable technology, voice and music devices, gateway equipment, consumer electronics, desktop computers, and Internet of Things (IoT) devices. Brazil, China, Germany, Singapore, India, Japan, Taiwan, South Korea, and the US are among markets where the corporation conducts business. The United States' Qualcomm has its headquarters in San Diego, California. In February 2022, Qualcomm Technologies, Inc. launched the Qualcomm® Private Networks RAN Automation Platform, which makes it easier to install and maintain RAN for 5G Private Networks. By reducing system complexity, expediting deployment, streamlining network administration, and improving user friendliness, the cloud-based network management platform benefits clients in a variety of sectors. The solution is made to operate with core networks, small cells, and the device ecosystem using Qualcomm® FSMTM 5G RAN Platforms.

An embedded wireless infrastructure is offered by Radisys Corporation for use in applications related to public safety, aerospace, and telecommunications. The company's offerings include application software for brand-new IP-based communications services as well as its market-leading ATCA and IP media server platforms. In March 2022, Qucell Networks, a Korean small cell player, revealed that it is delivering 5G small cell solutions for international markets using Radisys' Connect RAN gNodeB software. Qucell is one of the world's leading providers of open telecom solutions.

Key Companies in the Cellular Networks market include

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  AT&T Inc.

  
  


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  Verizon Communications

  
  


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  Alcatel Lucent

  
  


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  Bharti Airtel Ltd

  
  


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  NTT Docomo

  
  


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  Reliance Communications Ltd

  
  


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  Singapore Telecommunications Ltd

  
  


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  China Mobile Ltd

  
  

Cellular Networks Industry Developments

March 2022: Germany's first open and virtual RAN architecture-based small cells were successfully launched by O2, Telefónica Germany, and NEC Corporation (NEC; TSE: 6701). In order to enhance the customer experience in this heavily populated area, more capacity for the current mobile network was added to the small cell service when it was originally introduced in Munich's city centre. NEC is the main system integrator for Telefónica S.A.'s four countries and for NEC's investigation into the potential deployment of Open RAN architecture in different environments (urban, suburban, and rural) for different use cases.

January 2023: IoT solution supplier Sierra Wireless, a Semtech Corporation affiliate, has introduced Smart Connectivity Premium with eUICC features and expanded connectivity coverage in the US.

Cellular Networks Market Segmentation

Cellular Networks Technology Outlook

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  2G

  
  


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  3G

  
  


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  4G

  
  


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  5G

  
  

Cellular Networks Frequency Outlook

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  Edge

  
  


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  UMTS

  
  


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  LTE

  
  

Cellular Networks Application Outlook

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  Mobile Phones

  
  


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  USB/power Dongles

  
  


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  Modem/router

  
  

Cellular Networks Type of Connection Outlook

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  Post-paid

  
  


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  Pre-paid

  
  

Cellular Networks Regional Outlook