Mobile Broadband Infrastructure Market
The global mobile broadband infrastructure market is estimated at USD 51.4 billion in 2024. The market is expected to reach USD 99.7 billion by 2034 at a CAGR of 7%, according to recent report by Global Market Insights Inc.
The mobile broadband infrastructure market is growing rapidly, mainly due to the fast expansion of 5G networks and increased investments to improve 4G LTE coverage—especially in developing countries. As more people use mobile devices for streaming videos, connecting smart devices (IoT), and other online activities, the demand for strong and reliable telecom services has increased significantly.
To keep up with this rising demand, there’s a growing need for advanced network infrastructure that can handle large amounts of data traffic and support high-speed internet connections. This is especially important in areas where mobile networks are still being developed. Upgrading and expanding infrastructure has become a top priority for telecom companies worldwide, as they aim to provide faster, more reliable internet services.
A major factor driving this market is the demand for hardware. In 2024, the hardware segment alone was worth around USD 30 billion. Modern networks, especially those using 5G technology, need powerful and reliable hardware to meet high-performance standards like faster speeds, lower delays, and better scalability. As 5G continues to spread, the need for strong hardware solutions will only grow.
The market serves various end users, including telecom service providers, businesses, and government sectors. Among these, telecom companies are expected to see steady growth, with a projected annual growth rate (CAGR) of 6% from 2025 to 2034. This growth is being fueled by increasing data usage, more connected devices, and the need for real-time communication. To meet these demands, telecom providers are investing heavily in upgrading their networks—expanding coverage and improving speed and capacity for users everywhere.
The Asia Pacific mobile broadband infrastructure market held a dominant 30% share in 2024, with China playing a leading role. The Chinese government’s aggressive investment in advancing its technological infrastructure, particularly in the deployment of 5G networks, has positioned the country as a global leader in network expansion. Chinese technology giants are spearheading the large-scale rollout of 5G base stations, contributing significantly to the region’s infrastructure development. This rapid progress has positioned China not only as a key player in its own market but also as a major supplier of mobile broadband infrastructure solutions worldwide.
Source – https://www.gminsights.com/industry-analysis/mobile-broadband-infrastructure-market
