Wireless Infrastructure Market size is forecast to reach $114.5 billion by 2026, growing at a CAGR 7.4% from 2021 to 2026. Wireless infrastructure is the collection of different connectivity standards, communication assets, and connectivity solutions that combine in operations to provide users with wireless networks. This network focuses more on improving the overall connectivity and connection performance, while limiting the need for wire connections between different devices and components. Enterprises have shifted to hosting and managing networking and communication services as these address problems associated with high initial investments in unified communications systems. This has driven the adoption of Cloud RAN, Remote Radio heads and other Wireless Infrastructure system adoption. Small and medium-sized enterprises (SMBs) and bigger enterprises have realized the advantages of network infrastructure, thus fueling market growth. The size of the wireless infrastructure market is increasing with the popularity of high-speed data connectivity capabilities based on 4G and 5G.
Wireless Infrastructure Market Segment Analysis - By Technology
During the forecast period Macrocell RAN segment is expected to grow at a CAGR of 4.4%. The largest segment in the market for wireless infrastructure is Macrocell RAN. Wireless communications infrastructure has advanced further with the evolution of software, hardware and dynamic networking technologies, incorporating numerous distributed Heterogeneous Networking (HetNet) technologies such as Cloud RAN and Wi-Fi Carrier. However, the segment is expected to register a slow growth rate due to the increasing adoption in the coming years of its technologically advanced HetNet counterparts. The 5G network innovation is additionally slated to supplement this development and deployment of Distributed Antenna System, RAN and Backhaul technology, upheld by rising R&D ventures by wireless transporters and provincial and national governments.
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Wireless Infrastructure Market Segment Analysis - By End Use
The Automotive Segment is projected to grow during the forecast period at the highest CAGR of 9.9%. Ford recently filed with the United States a patent application Patent & Trademark Office for an autonomous police vehicle capable of detecting traffic infringements, tracking vehicles, capturing license plate images and establishing wireless communication with other vehicles. The autonomous police car could collect data from traffic cameras and road sensors to detect infringements or the vehicle itself could detect the violation. GM has pledged an autonomous car without a steering wheel or pedals by 2022 and in 2021 Tesla plans to send one of its autonomous vehicles on a cross-country test trip. For these technologies to work, reliable infrastructure will be required. While many emerging use cases on the Internet of Things can be accommodated on existing 4G networks and with the natural evolution of those networks, autonomous driving will place demands on networks such as the need for no latency (or delay) and no loss of data rates even during congested times. Autonomous vehicles will require 100 times greater bandwidth and 150 times better latency in the realm. 5G will be instrumental in addressing latency and speed requirements, and a dense network of small cells, distributed antenna systems and a centralized Radio Access Network (RAN) will be key to making autonomous cars a reality.
Wireless Infrastructure Market Segment Analysis - By Geography
APAC is expected to dominate the global Wireless Infrastructure market with a share of more than 38%. The highest growth is expected to be from the Asia Pacific wireless infrastructure market from deployment of Distributed Antenna System, Remote Radio Heads, Backhaul and Radio Access Network. India has the largest Business Process Outsourcing (BPO) market in the world which requires significant wireless infrastructure. The growing number of mobile internet users in Asia, almost 2.2 billion in 2019, has also contributed to the increased demand for wireless communication networks. 5G technology was also developed and pioneered in Asia, with South Korea, Japan, Singapore and Taiwan being some of the first countries to launch 5G services. Attractive speeds and affordable costs are expected to drive the adoption of 5G, thus strengthening the region's wireless infrastructure market. Increasing use of wireless infrastructure also offers benefits such as reducing travel costs that occur due to frequent business, international or domestic travel, through the implementation and use of new and innovative platforms such as Unified Communication (UC). This is expected to boost the market growth in this region.
Wireless Infrastructure Market Drivers
Advent of Digitalization in Various Sectors
Increasing internet penetration of things around the world is the key factor driving wireless infrastructure market growth. This, coupled with the advent and growing popularity of 4G and 5G technology, is also boosting the market. Furthermore, the rapid adoption of IoT-based electronic devices and the rise in mobile data traffic will also help the market gain momentum in the future. Growing demand and adoption of 4G LTE and high-speed 5G connectivity infrastructure capabilities, demand for Cloud RAN, ongoing trend of WYOD (Wear Your Own Device) and (Bring Your Own Device) BYOD approaches in commercial offices, the adoption of cloud-based services, and the integration of Artificial Intelligence in telecommunication applications are additional major factors predicted to fuel growth in the target market.
Increased Use of High-Tech Infrastructure in Various End-Use Industries
Improvisation of communication networks and high-tech infrastructure in various end-use industries is the result of increased demand for faster information transmission. Industry verticals such as Telecom & IT and BFSI adopt wireless infrastructure and communication solutions on a global scale to enable the business to function smoothly and to be able to carry out daily activities without interruption and in an efficient manner. Another major factor projected to fuel the growth of the global wireless infrastructure market is the increasing focus of major companies to offer wireless infrastructure such as Remote radio heads and Radio Access Network not only in urban but also in rural or remote areas with government support. In addition, the advent of digitalization in industries such as aerospace and defense, and others, is also projected in the forecast period to help expand the wireless infrastructure market.
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Wireless Infrastructure Market Challenges
Spectrum scarcity issue and Covid-19 emergence
The issue of spectrum scarcity for commercial mobile radio frequency networks is an issue which restricts market growth. The rise of COVID-19 has put the world at a standstill. It has the unprecedented impact this health crisis has had on businesses across industries. This, too, will pass though. In the fight against this highly contagious disease, rising support from governments and several companies can help. Some industries struggle and others thrive. Overall, the pandemic is anticipated to impact nearly every sector.
Wireless Infrastructure Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Wireless Infrastructure Market. Wireless Infrastructure Market is expected to be dominated by major companies such as Qualcomm Technologies, Inc., NEC Corporation, Huawei Technologies Co., Ltd., 3i Infrastructure plc, ADTRAN, Inc., Motorola Solutions, Inc., Ericsson, Samsung, ZTE Corporation, Cisco, Fujitsu, Juniper Networks, Inc., Vertical Bridge LLC, Commscope, HUBER+SUHNER, Nokia and Corning Incorporated among others.
Acquisitions/Technology Launches
In December 2019, Brookfield Infrastructure Partners has acquired 3i Infrastructure’s 93% stake in Wireless Infrastructure Group (WIG) for $474.1m.
In April 2019, Canada-based CDPQ agreed to acquire 30% minority stake in a US-based subsidiary of Vertical Bridge Holdings, LLC. The subsidiary is based in Florida and is engaged in providing wireless communication infrastructure in North America. This acquisition is expected to aid Vertical Bridge Holdings to expand its business in the region by deploying 5G infrastructure.
Key Takeaways
A growing need for high-speed mobile Internet and 4G connections is expected to speed up LTE deployments around the world.
Rising investments by operators to deploy high-speed networks are expected to drive the number of Mobile Broadband (MBB) connections over the forecast period.
Macrocell Radio Access Network is the largest segment in the wireless infrastructure market. Wireless communications infrastructure has further advanced with the evolution of software, hardware and dynamic networking technologies, incorporating numerous distributed Heterogeneous Networking (HetNet) technologies such as Cloud RAN and Wi-Fi Carrier.
Autonomous vehicles will require bandwidth 100 times higher and latency in the realm 150 times greater. 5G will be instrumental in addressing the requirements for latency and speed, and a dense network of small cells, distributed antenna systems and a centralized Radio Access Network (RAN) will be key to making autonomous cars reality.
The highest growth is expected to be on the wireless infrastructure market in Asia Pacific. India has the world's largest Business Process Outsourcing (BPO) market that requires considerable wireless infrastructure. Also contributing to the increased demand for wireless communication networks was the growing number of mobile internet users in Asia, almost 2.2 billion in 2019.
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