5G New Radio Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Offering (Hardware, Software, Services), By Operating Frequency (Sub-6 GHz, mmWave), By Architecture (Non-Standalone (NSA), Standalone (SA)), By Application (Enhanced Mobile Broadband (eMBB), Ultra-reliable Low-Latency Communications (URLLC), Massive Machine-type Communications (mMTC)), By Industry (Telecom & IT, Manufacturing, Automotive, Healthcare, Retail, Others), By Region & Competition, 2021-2031F

January 2026 | 185 pages | ID: 57D5080F1784EN
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The Global 5G New Radio Market will grow from USD 50.53 Billion in 2025 to USD 227.34 Billion by 2031 at a 28.49% CAGR. The Global 5G New Radio (NR) Market comprises the standardized air interface technology enabling the next generation of mobile networks to deliver ultra-reliable, low-latency, and high-throughput connectivity.

Key Market Drivers

The primary catalyst propelling the Global 5G New Radio Market is the rising demand for Enhanced Mobile Broadband (eMBB) and high-speed data, driven by the exponential growth of data-intensive applications such as high-definition video streaming and cloud gaming. Network operators are aggressively upgrading their infrastructures to NR architectures to handle this surging throughput requirement, which legacy networks can no longer efficiently support. This transition is further accelerated by the widespread commercial availability of 5G services, which ensures that high-bandwidth capabilities are accessible to a broader consumer base.

Key Market Challenges

The substantial capital expenditure required for infrastructure densification constitutes a primary impediment to the growth of the Global 5G New Radio Market. Network operators must contend with the high costs associated with deploying small cells, which are essential for supporting high-frequency millimeter-wave bands. This financial burden forces telecommunication companies to prioritize investments heavily, often leading to phased or delayed rollouts in regions where the return on investment is not immediately clear.

Key Market Trends

The transition from Non-Standalone (NSA) to Standalone (SA) 5G network infrastructure represents a critical structural shift, moving the industry away from reliance on legacy 4G LTE cores toward a fully cloud-native 5G Core architecture. This evolution allows operators to unlock the technology's full potential by enabling advanced capabilities such as network slicing, ultra-low latency, and Voice over New Radio (VoNR) for broader commercial application beyond just industrial verticals. Telecommunication service providers are accelerating this migration to support massive machine-type communications and simplify network management through simplified, single-generation architectures.

Key Market Players
  • Huawei Technologies Co., Ltd.
  • Qualcomm Technologies, Inc.
  • Telefonaktiebolaget LM Ericsson
  • Samsung Electronics Co., Ltd.
  • Intel Corporation
  • Cisco Systems, Inc.
  • Fujitsu Limited
  • NEC Corporation
  • Nokia Corporation
  • Keysight Technologies, Inc.
Report Scope:

In this report, the Global 5G New Radio Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
  • 5G New Radio Market, By Offering:
    • Hardware
    • Software
    • Services
  • 5G New Radio Market, By Operating Frequency:
    • Sub-6 GHz
    • mmWave
  • 5G New Radio Market, By Architecture:
    • Non-Standalone (NSA)
    • Standalone (SA)
  • 5G New Radio Market, By Application:
    • Enhanced Mobile Broadband (eMBB)
    • Ultra-reliable Low-Latency Communications (URLLC)
    • Massive Machine-type Communications (mMTC)
  • 5G New Radio Market, By Industry:
    • Telecom & IT
    • Manufacturing
    • Automotive
    • Healthcare
    • Retail
    • Others
  • 5G New Radio Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • United Kingdom
      • Italy
      • Germany
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global 5G New Radio Market.

Available Customizations:

Global 5G New Radio Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. VOICE OF CUSTOMER

5. GLOBAL 5G NEW RADIO MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Offering (Hardware, Software, Services)
  5.2.2. By Operating Frequency (Sub-6 GHz, mmWave)
  5.2.3. By Architecture (Non-Standalone (NSA), Standalone (SA))
  5.2.4. By Application (Enhanced Mobile Broadband (eMBB), Ultra-reliable Low-Latency Communications (URLLC), Massive Machine-type Communications (mMTC))
  5.2.5. By Industry (Telecom & IT, Manufacturing, Automotive, Healthcare, Retail, Others)
  5.2.6. By Region
  5.2.7. By Company (2025)
5.3. Market Map

6. NORTH AMERICA 5G NEW RADIO MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Offering
  6.2.2. By Operating Frequency
  6.2.3. By Architecture
  6.2.4. By Application
  6.2.5. By Industry
  6.2.6. By Country
6.3. North America: Country Analysis
  6.3.1. United States 5G New Radio Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Offering
      6.3.1.2.2. By Operating Frequency
      6.3.1.2.3. By Architecture
      6.3.1.2.4. By Application
      6.3.1.2.5. By Industry
  6.3.2. Canada 5G New Radio Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Offering
      6.3.2.2.2. By Operating Frequency
      6.3.2.2.3. By Architecture
      6.3.2.2.4. By Application
      6.3.2.2.5. By Industry
  6.3.3. Mexico 5G New Radio Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Offering
      6.3.3.2.2. By Operating Frequency
      6.3.3.2.3. By Architecture
      6.3.3.2.4. By Application
      6.3.3.2.5. By Industry

7. EUROPE 5G NEW RADIO MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Offering
  7.2.2. By Operating Frequency
  7.2.3. By Architecture
  7.2.4. By Application
  7.2.5. By Industry
  7.2.6. By Country
7.3. Europe: Country Analysis
  7.3.1. Germany 5G New Radio Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Offering
      7.3.1.2.2. By Operating Frequency
      7.3.1.2.3. By Architecture
      7.3.1.2.4. By Application
      7.3.1.2.5. By Industry
  7.3.2. France 5G New Radio Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Offering
      7.3.2.2.2. By Operating Frequency
      7.3.2.2.3. By Architecture
      7.3.2.2.4. By Application
      7.3.2.2.5. By Industry
  7.3.3. United Kingdom 5G New Radio Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Offering
      7.3.3.2.2. By Operating Frequency
      7.3.3.2.3. By Architecture
      7.3.3.2.4. By Application
      7.3.3.2.5. By Industry
  7.3.4. Italy 5G New Radio Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Offering
      7.3.4.2.2. By Operating Frequency
      7.3.4.2.3. By Architecture
      7.3.4.2.4. By Application
      7.3.4.2.5. By Industry
  7.3.5. Spain 5G New Radio Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Offering
      7.3.5.2.2. By Operating Frequency
      7.3.5.2.3. By Architecture
      7.3.5.2.4. By Application
      7.3.5.2.5. By Industry

8. ASIA PACIFIC 5G NEW RADIO MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Offering
  8.2.2. By Operating Frequency
  8.2.3. By Architecture
  8.2.4. By Application
  8.2.5. By Industry
  8.2.6. By Country
8.3. Asia Pacific: Country Analysis
  8.3.1. China 5G New Radio Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Offering
      8.3.1.2.2. By Operating Frequency
      8.3.1.2.3. By Architecture
      8.3.1.2.4. By Application
      8.3.1.2.5. By Industry
  8.3.2. India 5G New Radio Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Offering
      8.3.2.2.2. By Operating Frequency
      8.3.2.2.3. By Architecture
      8.3.2.2.4. By Application
      8.3.2.2.5. By Industry
  8.3.3. Japan 5G New Radio Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Offering
      8.3.3.2.2. By Operating Frequency
      8.3.3.2.3. By Architecture
      8.3.3.2.4. By Application
      8.3.3.2.5. By Industry
  8.3.4. South Korea 5G New Radio Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Offering
      8.3.4.2.2. By Operating Frequency
      8.3.4.2.3. By Architecture
      8.3.4.2.4. By Application
      8.3.4.2.5. By Industry
  8.3.5. Australia 5G New Radio Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Offering
      8.3.5.2.2. By Operating Frequency
      8.3.5.2.3. By Architecture
      8.3.5.2.4. By Application
      8.3.5.2.5. By Industry

9. MIDDLE EAST & AFRICA 5G NEW RADIO MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Offering
  9.2.2. By Operating Frequency
  9.2.3. By Architecture
  9.2.4. By Application
  9.2.5. By Industry
  9.2.6. By Country
9.3. Middle East & Africa: Country Analysis
  9.3.1. Saudi Arabia 5G New Radio Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Offering
      9.3.1.2.2. By Operating Frequency
      9.3.1.2.3. By Architecture
      9.3.1.2.4. By Application
      9.3.1.2.5. By Industry
  9.3.2. UAE 5G New Radio Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Offering
      9.3.2.2.2. By Operating Frequency
      9.3.2.2.3. By Architecture
      9.3.2.2.4. By Application
      9.3.2.2.5. By Industry
  9.3.3. South Africa 5G New Radio Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Offering
      9.3.3.2.2. By Operating Frequency
      9.3.3.2.3. By Architecture
      9.3.3.2.4. By Application
      9.3.3.2.5. By Industry

10. SOUTH AMERICA 5G NEW RADIO MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Offering
  10.2.2. By Operating Frequency
  10.2.3. By Architecture
  10.2.4. By Application
  10.2.5. By Industry
  10.2.6. By Country
10.3. South America: Country Analysis
  10.3.1. Brazil 5G New Radio Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Offering
      10.3.1.2.2. By Operating Frequency
      10.3.1.2.3. By Architecture
      10.3.1.2.4. By Application
      10.3.1.2.5. By Industry
  10.3.2. Colombia 5G New Radio Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Offering
      10.3.2.2.2. By Operating Frequency
      10.3.2.2.3. By Architecture
      10.3.2.2.4. By Application
      10.3.2.2.5. By Industry
  10.3.3. Argentina 5G New Radio Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Offering
      10.3.3.2.2. By Operating Frequency
      10.3.3.2.3. By Architecture
      10.3.3.2.4. By Application
      10.3.3.2.5. By Industry

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS & DEVELOPMENTS

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. GLOBAL 5G NEW RADIO MARKET: SWOT ANALYSIS

14. PORTER'S FIVE FORCES ANALYSIS

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. COMPETITIVE LANDSCAPE

15.1. Huawei Technologies Co., Ltd.
  15.1.1. Business Overview
  15.1.2. Products & Services
  15.1.3. Recent Developments
  15.1.4. Key Personnel
  15.1.5. SWOT Analysis
15.2. Qualcomm Technologies, Inc.
15.3. Telefonaktiebolaget LM Ericsson
15.4. Samsung Electronics Co., Ltd.
15.5. Intel Corporation
15.6. Cisco Systems, Inc.
15.7. Fujitsu Limited
15.8. NEC Corporation
15.9. Nokia Corporation
15.10. Keysight Technologies, Inc.

16. STRATEGIC RECOMMENDATIONS

17. ABOUT US & DISCLAIMER



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