Key Insights

The 5G connected device market is experiencing explosive growth, driven by the widespread adoption of 5G networks and the increasing demand for high-bandwidth applications. A 61.76% CAGR from 2019-2024 indicates a significant surge in market value, projected to continue into the forecast period (2025-2033). Key factors fueling this growth include the proliferation of smartphones equipped with 5G capabilities, the expanding deployment of 5G infrastructure in both urban and rural areas, and the emergence of innovative applications requiring high-speed connectivity, such as augmented reality/virtual reality (AR/VR), Internet of Things (IoT) devices, and advanced telematics systems. The market segmentation reveals strong demand across various form factors, including smartphones, CPE (Customer Premises Equipment), and modules, with mmWave and sub-6 GHz spectrum support driving technological advancements and further market expansion. Leading players like Samsung, BBK Electronics, and Huawei are heavily invested in R&D and strategic partnerships to capitalize on this burgeoning market. However, challenges such as high initial infrastructure costs and the need for wider 5G network coverage in certain regions act as potential restraints on even faster growth.

The future trajectory of the 5G connected device market will largely depend on several crucial factors. Continued investment in 5G network infrastructure will be paramount, alongside the development of affordable 5G-enabled devices catering to a broader consumer base. The successful integration of 5G into various vertical sectors such as healthcare, manufacturing, and transportation will further propel market expansion. Furthermore, addressing concerns around data security and privacy within 5G networks is vital to maintain consumer confidence and drive sustainable growth. While initial adoption may be concentrated in developed regions like North America and Europe, growth in emerging economies in Asia-Pacific and Latin America presents significant untapped potential in the coming years, promising substantial market expansion.

5G Connected Device Industry Market Report: 2019-2033

This comprehensive report provides a detailed analysis of the 5G connected device industry, encompassing market dynamics, growth trends, regional dominance, product landscape, key players, and future outlook. The study period covers 2019-2033, with a base year of 2025 and a forecast period of 2025-2033. The report utilizes data from the historical period (2019-2024) and projects future market size in million units. This report is essential for industry professionals, investors, and strategists seeking to understand and capitalize on opportunities within this rapidly evolving sector.

5G Connected Device Industry Market Dynamics & Structure

The 5G connected device market is characterized by high growth potential and intense competition among leading players. Market concentration is moderate, with key players like Samsung, Huawei, and BBK Electronics holding significant market share but facing challenges from emerging players and regional competitors. Technological innovation, particularly in areas like mmWave technology and network slicing, is a key driver. Regulatory frameworks play a crucial role in deployment and standardization, influencing market access and adoption rates. Competitive product substitutes, such as improved 4G LTE technology, present some challenges, but the superior speed and capacity of 5G are expected to maintain its dominance. End-user demographics are expanding rapidly, with increasing smartphone penetration and growing demand for high-bandwidth applications in various sectors (consumer, industrial, IoT). The pace of mergers and acquisitions (M&A) activity is currently moderate (xx deals in the last 3 years), with strategic acquisitions primarily driven by enhancing technology portfolios, market expansion, and access to new markets.

• Market Concentration: Moderate, with top 5 players holding approximately xx% of the market share in 2025.
• Innovation Drivers: mmWave technology, network slicing, AI-powered device management.
• Regulatory Frameworks: Varying across regions, impacting deployment speed and costs.
• Competitive Substitutes: 4G LTE, Wi-Fi 6E.
• End-User Demographics: Growing smartphone penetration, increasing adoption of IoT devices.
• M&A Trends: Moderate activity focused on technology enhancement and market expansion.

5G Connected Device Industry Growth Trends & Insights

The 5G connected device market is experiencing robust growth, driven by increasing 5G network deployments globally and the expanding adoption of 5G-enabled devices. The market size is projected to reach xx million units in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of xx% from 2025 to 2033. This growth is fueled by several factors, including the rising demand for high-speed data, increased affordability of 5G devices, and the proliferation of applications requiring high bandwidth, low latency connectivity. Technological disruptions, like the introduction of more efficient chipsets and improved battery technology are also propelling market expansion. Consumer behavior shifts towards data-intensive activities, such as streaming video and gaming, are significant contributors to this trend. Market penetration for 5G devices is also gradually increasing, which is expected to further fuel market growth in the coming years. The rapid expansion of IoT applications and the increasing demand for higher speed and reliability are further boosting market adoption.

Dominant Regions, Countries, or Segments in 5G Connected Device Industry

The Asia-Pacific region is currently the dominant market for 5G connected devices, driven by high smartphone penetration and robust 5G network rollouts. China, India, and South Korea are key growth markets within the region. North America and Europe are also significant markets, exhibiting strong growth potential, particularly in the deployment of 5G-enabled Industrial IoT devices and FWA solutions.

Dominant Segments (2025):

• Form Factor: Smartphones (xx million units), followed by CPE (Indoor/Outdoor) (xx million units).
• Spectrum Support: Sub-6 GHz (xx million units) currently dominates, with mmWave adoption gradually increasing.

Key Drivers:

• Asia-Pacific: High smartphone penetration, extensive 5G infrastructure development.
• North America: Robust 5G network deployment, increasing demand for Industrial IoT applications.
• Europe: Focus on fixed wireless access (FWA), growing adoption in industrial segments.

5G Connected Device Industry Product Landscape

The 5G connected device landscape is characterized by a diverse range of products, encompassing smartphones, CPEs (Indoor/Outdoor), hotspots, laptops, and industrial-grade CPEs/routers/gateways. Innovative features such as advanced antenna technologies for improved signal reception, energy-efficient chipsets extending battery life, and enhanced security features are driving product differentiation. Key performance metrics include data speeds, latency, and energy consumption. Manufacturers are increasingly focusing on creating unique selling propositions through enhanced functionality, sophisticated design, and integrated applications to capture market share.

Key Drivers, Barriers & Challenges in 5G Connected Device Industry

Key Drivers:

• Increased demand for high-speed data: Streaming, gaming, and augmented/virtual reality applications.
• Falling device costs: Making 5G technology more accessible to a wider audience.
• Government initiatives and subsidies: Accelerating 5G infrastructure deployment.

Challenges & Restraints:

• Supply chain disruptions: Impacting the availability of key components.
• High initial deployment costs: Limiting rapid adoption in some regions.
• Regulatory hurdles: Varying across countries, creating complexities for manufacturers.

Emerging Opportunities in 5G Connected Device Industry

Significant opportunities exist in untapped markets, particularly in developing countries with growing smartphone penetration. Innovative applications in the automotive, healthcare, and industrial sectors are presenting lucrative avenues for growth. Evolving consumer preferences towards enhanced connectivity, seamless integration across devices, and personalized experiences drive opportunities for advanced features and services.

Growth Accelerators in the 5G Connected Device Industry

Technological breakthroughs, particularly in areas like mmWave technology and network slicing, are critical growth catalysts. Strategic partnerships between device manufacturers, network operators, and application providers are also driving market expansion. Aggressive market expansion strategies in emerging markets, combined with the development of new applications, are further fueling industry growth.

Key Players Shaping the 5G Connected Device Industry Market

• BBK Electronics Corporation
• Samsung Electronics Co Ltd
• Motorola Mobility LLC (Lenovo Group Limited)
• Cisco Systems Inc
• Xiaomi Corporation
• Keysight Technologies Inc
• Huawei Technologies Co Ltd
• ZTE Corporation
• Nokia Corporation

Notable Milestones in 5G Connected Device Industry Sector

• September 2022: Nokia and Telia Finland launched a commercial 5G standalone (SA) network with network slicing for Fixed Wireless Access (FWA).
• September 2022: ZTE Corporation and China Mobile trialled a 5G industrial comprehensive emulator and analyzer product.
• July 2022: Samsung launched the Galaxy M13 5G, a budget-friendly 5G smartphone in India.

In-Depth 5G Connected Device Industry Market Outlook

The 5G connected device market is poised for sustained growth over the next decade. Continued advancements in 5G technology, coupled with the expanding adoption of IoT and the proliferation of data-intensive applications will drive market expansion. Strategic partnerships, focusing on integrated solutions and innovative services, will be crucial for sustained success. The market presents significant opportunities for players willing to embrace technological advancements and navigate the evolving regulatory landscape.

5G Connected Device Industry Segmentation

• 1. Form Factor
  • 1.1. Modules
  • 1.2. CPE (Indoor/Outdoor)
  • 1.3. Smartphone
  • 1.4. Hotspots
  • 1.5. Laptops
  • 1.6. Industrial Grade CPE/Router/Gateway
  • 1.7. Other Form Factors
• 2. Spectrum Support
  • 2.1. Sub-6 GHz
  • 2.2. mmWave
  • 2.3. Both Spectrum Bands

5G Connected Device Industry Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
• 2. Europe
  • 2.1. Germany
  • 2.2. UK
  • 2.3. France
  • 2.4. Spain
  • 2.5. Rest of Europe
• 3. Asia Pacific
  • 3.1. China
  • 3.2. Japan
  • 3.3. India
  • 3.4. Australia
  • 3.5. Rest of Asia Pacific
• 4. Latin America
  • 4.1. Brazil
  • 4.2. Mexico
  • 4.3. Argentina
  • 4.4. Rest of Latin America
• 5. Middle East and Africa
  • 5.1. UAE
  • 5.2. Saudi Arabia
  • 5.3. South Africa
  • 5.4. Rest of Middle East and Africa