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5G Base Station Market to Grow by USD 120.98 Billion (2024-2028) Driven by IoT Device Adoption and AI’s Role in Market Transformation – Technavio Report

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NEW YORK, Sept. 12, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global 5G base station market  size is estimated to grow by USD 120.98 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  38.81%  during the forecast period.  Rising adoption of IoT devices is driving market growth, with a trend towards growing construction of 5g base stations. However, high regulatory barriers for 5G base stations  poses a challenge. Key market players include AT and T, Bharti Airtel Ltd., CommScope Holding Co. Inc., Deutsche Telekom AG, Faststream Technologies, GLOBE TELECOM INC., Huawei Technologies Co. Ltd., JSC Kazakhtelecom, Marvell Technology Inc., Murata Manufacturing Co. Ltd., NEC Corp., Nokia Corp., Qorvo Inc., Rakuten Group Inc., Reliance Industries Ltd., Samsung Electronics Co. Ltd., T Mobile US Inc., Telefonaktiebolaget LM Ericsson, Vodafone Group Plc, WiSig Networks Pvt. Ltd., and ZTE Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Macro cells and Small cells), Application (Telecommunication companies, Industrial IoT, Smart cities, Automotive, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

Region Covered

APAC, Europe, North America, Middle East and Africa, and South America

Key companies profiled

AT and T, Bharti Airtel Ltd., CommScope Holding Co. Inc., Deutsche Telekom AG, Faststream Technologies, GLOBE TELECOM INC., Huawei Technologies Co. Ltd., JSC Kazakhtelecom, Marvell Technology Inc., Murata Manufacturing Co. Ltd., NEC Corp., Nokia Corp., Qorvo Inc., Rakuten Group Inc., Reliance Industries Ltd., Samsung Electronics Co. Ltd., T Mobile US Inc., Telefonaktiebolaget LM Ericsson, Vodafone Group Plc, WiSig Networks Pvt. Ltd., and ZTE Corp.

Key Market Trends Fueling Growth

The construction of 5G base stations is a significant factor fueling growth in the global 5G base station market. The increasing adoption of 5G networks in various industries, such as automotive and telecom, is leading to increased investment in private 5G networks and base stations. Telecom operators, businesses, and governments are heavily investing in 5G infrastructure to meet rising consumer demands and enable innovative applications. This investment is driving a rapid increase in the number of deployed base stations. For instance, GLOBE TELECOM, INC., the largest mobile network operator in the Philippines, announced the deployment of 356 new 5G base stations in 2023. Similarly, JSC Kazakhtelecom plans to build over 7,000 5G base stations by the end of 2025. The growing adoption of 5G-enabled devices necessitates more base stations for wide coverage and capacity. New 5G base station designs are more compact and efficient, making deployment easier and cost-effective. Consequently, the increasing deployment of 5G base stations is expected to continue fueling the growth of the global 5G base station market during the forecast period. 

The 5G base station market is experiencing significant growth due to the rollout of Next G activities and the increasing demand for high-speed data. With 5G networks offering higher bandwidth and faster data speeds, there is a increase in 5G subscriptions. This trend is driven by the widespread use of smartphones, IoT devices, and consumer electronics. Regulatory protocols are being established to ensure smooth installation and integration of 5G base stations, including small cells, microcells, femtocells, and picocells. Memory and storage requirements, fiber optic cables, and network function virtualization are key considerations for 5G base station infrastructure. The adoption of 5G-enabled smart devices is fueling the need for high-speed network connectivity. User satisfaction is a top priority, with low latency a key selling point for 5G. Industries such as industrial internet, smart grid, autonomous driving, robotic surgeries, public safety, and smart cities are set to benefit from 5G’s advanced technologies, including augmented reality (AR) and virtual reality (VR). 

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Market Challenges

The deployment of 5G networks faces several regulatory challenges that hinder the rollout of 5G base stations. Spectrum allocation is a significant barrier as governments tightly control and regulate access to specific radio frequency bands for 5G networks. Acquiring necessary spectrum licenses is a complex and lengthy process, causing delays. Local zoning laws and permitting requirements also pose challenges, particularly for urban small cell installations. National security considerations have limited the pool of available 5G base station suppliers in some markets. Regulatory bodies are still establishing unified safety standards and certification processes, creating additional compliance hurdles for telecom service providers. These regulatory barriers are expected to slow down the growth of the global 5G base station market during the forecast period.The 5G base station market is surging due to the demand for high-speed network connectivity. With the increasing number of smartphone users, there’s a growing need for advanced technologies like 5G to support data-intensive services such as Augmented Reality (AR) and Virtual Reality (VR). User satisfaction is key, and 5G delivers with its low latency, making it ideal for industrial applications like industrial internet, smart grid, autonomous driving, and robotic surgeries. However, infrastructure costs are a challenge, with the need for small cells to improve coverage and capacity. Telecommunications companies are investing in 5G to meet the demands of 5G users, offering solutions for industries like smart factories and smart cities. Edge computing, advanced analytics, and networking are also crucial components of the 5G ecosystem. The future of wireless networks lies in 5G, enabling digital information transfer at unprecedented speeds for IT and telecommunications, robotics, drones, and more. Spectrum availability and mobile device compatibility are ongoing challenges, but the benefits of 5G far outweigh the hurdles.

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Segment Overview

This 5g base station market report extensively covers market segmentation by

Type 1.1 Macro cells1.2 Small cellsApplication 2.1 Telecommunication companies2.2 Industrial IoT2.3 Smart cities2.4 Automotive2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Macro cells-  The 5G base station market is experiencing significant growth due to the increasing demand for faster and more reliable wireless communication. Companies are investing heavily in 5G infrastructure to meet this demand. Major players in the market include Nokia, Ericsson, and Huawei. These companies are supplying base stations to telecom operators worldwide, enabling them to provide 5G services to their customers. The market is expected to continue growing as more devices become 5G compatible and the need for faster internet speeds increases.

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Research Analysis

The 5G base station market is experiencing significant growth due to the increasing demand for high-speed network connectivity. With the widespread adoption of smartphones and the proliferation of advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR), user satisfaction is at an all-time high. 5G base stations offer low latency, making them ideal for data-intensive services like industrial internet, smart grid, autonomous driving, and robotic surgeries. Telecommunications companies are investing heavily in 5G networks to provide faster data speeds and higher bandwidth to meet the demands of IT and telecommunications industries. Mobile Internet is becoming a necessity, and 5G networks are poised to revolutionize the way we access digital information. The market for 5G base stations is expected to grow exponentially as more and more subscribers switch from 4G networks to 5G, driven by the need for high-speed data and the increasing popularity of mobile devices for remote work. The spectrum auction for 5G is underway, and the race to build the most extensive and efficient 5G networks is heating up.

Market Research Overview

The 5G base station market is poised for significant growth due to the increasing demand for high-speed network connectivity. With the widespread adoption of smartphones and the emergence of advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR), user satisfaction is at an all-time high. Low latency is a key feature of 5G, making it ideal for industrial applications like the industrial internet, smart grid, autonomous driving, and robotic surgeries. Public safety and smart cities also benefit from the high-speed data and low-latency connectivity offered by 5G. Communication speeds, infrastructure costs, and coverage and capacity are major considerations for the rollout of 5G networks. Small cells, including macro, micro, femto, and picocells, are crucial for providing adequate coverage and capacity. The 5G base station market caters to various sectors, including telecommunications, IT and telecommunications, consumer electronics, and industrial IoT. With the proliferation of 5G-enabled smart devices, the demand for mobile internet, data-intensive services, and wireless networks continues to soar. Regulatory protocols and installation processes are ongoing challenges in the 5G base station market. Memory and Storage, Fiber Optic Cables, Network Function Virtualization, and 5G-enabled smart devices are essential components of the 5G ecosystem.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeMacro CellsSmall CellsApplicationTelecommunication CompaniesIndustrial IoTSmart CitiesAutomotiveOthersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Supreme Court Justice Michelle O’Bonsawin Joins Elementary Students for Live Virtual Q&A and Chapter One Storybook Reading on Sep. 24

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The Honourable Justice Michelle O’Bonsawin, the first Indigenous person appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A on September 24, from 1:00-2:15 pm ET, following a reading of the children’s storybook, “Daanis the Judge.” This event is hosted by Chapter One, a children’s literacy charity, to commemorate the National Day for Truth and Reconciliation. Lawyer Victoria Perrie, writer of “Daanis the Judge,” will read aloud the inspiring story, which is based on Justice O’Bonsawin’s remarkable journey. Illustrator EJ Miller-Larson will join Justice O’Bonsawin and Perrie in a moderated Q&A session with over 1900 elementary students.

TORONTO, Sept. 21, 2024 /PRNewswire-PRWeb/ — The Honourable Justice Michelle O’Bonsawin, the first Indigenous person to be appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A following a live online reading of the original children’s storybook “Daanis the Judge,” on September 24, from 1:00-2:15 pm ET. The event will be hosted by Chapter One to mark the National Day for Truth and Reconciliation. Chapter One is a children’s literacy charity that provides 1:1 high-impact reading tutoring and co-creates original storybooks with participating communities nationwide.

“I am very humbled and proud to be a part of the book, “Daanis the Judge.” My hope is that this book will inspire youth to dream big and know that anything is possible. I am evidence of that!” – Justice Michelle O’Bonsawin

Métis-Cree lawyer Victoria Perrie, who wrote “Daanis the Judge,” will lead the live reading. Students will ask questions during a moderated Q&A with Justice O’Bonsawin, Perrie, and illustrator EJ Miller-Larson, of the Fond du Lac Band and Oneida Nation.

“Daanis the Judge” was inspired by Justice O’Bonsawin’s trailblazing career. It tells the story of a young student, Daanis, who dreams of becoming a judge after learning about Justice O’Bonsawin’s achievements.

The story is part of Chapter One’s growing collection of original children’s e-storybooks, co-created with Indigenous writers, illustrators and communities. The e-storybooks celebrate Indigenous experiences and perspectives, and feature audio clips of Elders pronouncing foundational words in their communities’ first languages. All e-storybooks are provided for free through the Global Free Library.

About Chapter One

Chapter One (chapterone.org/ca) is a global nonprofit and registered Canadian charity that provides one-on-one early literacy tutoring programs to 2,300 children in eight provinces and territories across Canada. Its proven “short burst” high-impact tutoring approach—five-minute sessions, three to five times a week—is ideally suited to young children’s attention spans and aligns with the Science of Reading. In one of the largest randomized control trials conducted on early literacy instruction, researchers from Stanford University found that 7 out of 10 students receiving Chapter One high impact tutoring achieved phonics benchmarks by the end of Kindergarten, compared to 32% in the control group.

Children at risk of reading failure receive 1:1 reading support from trained, paid paraprofessional tutors through Chapter One’s online reading platform and custom software. Programs are delivered in-person and virtually in classrooms through agreements with schools and school boards, and at home on families’ smartphones, connecting struggling readers with individualized reading support—regardless of location and circumstance, even in some of the most geographically remote communities in Canada.

In addition to its tutoring programs, Chapter One collaborates with Indigenous communities to co-create children’s stories that represent the communities’ priorities and experiences and advance language revitalization efforts. The e-storybooks are provided for free online, as part of the Global Free Library.

Event details

The Live Virtual Q&A and Reading of “Daanis the Judge” with the Honourable Justice O’Bonsawin takes place on Tuesday, September 24, from 1:00-2:15 pm ET via Zoom. The event is open to elementary classes (Grades 1-6). Teachers/principals must register their classes in advance using this link.

Media Contact

Denise Orosa, Chapter One Canada, 1 4374224825, denise.orosa@chapterone.org, chapterone.org/ca

View original content to download multimedia:https://www.prweb.com/releases/supreme-court-justice-michelle-obonsawin-joins-elementary-students-for-live-virtual-qa-and-chapter-one-storybook-reading-on-sep-24-302254639.html

SOURCE Chapter One Canada

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PEAC Institute Launches “24 Hour Pause for Peace: A Global Concert”

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24 Hour Pause for Peace Will Be the Largest Peace Initiative Ever Worldwide, Unifying 96 Countries on Six Continents Through Music

MONTCLAIR, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — On this International Day of Peace, PEAC Institute, part of the 2017 Nobel Peace Prize winning team, has launched “24 Hour Pause for Peace: A Global Concert,” the largest peace initiative ever organized worldwide through music.

“Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.”

On October 4, 2025, this ground-breaking program will activate a massive network of youth ensembles that spans 96 countries and territories across six continents and host two 24-hour commercial festivals featuring some of the biggest acts in music and entertainment. This extraordinary day-long event will be live-streamed globally, allowing millions to participate simultaneously.

“It has been 40 years since Live Aid and We Are the World historically unified and changed the world through music,” said Rebecca Irby, president and CEO of PEAC Institute. “With our planet riddled with post-pandemic fatigue, climate chaos, unsettling wars and more, we believe it is time to create a new trajectory for humanity by inviting everyone around the globe to a 24 hour pause for peace to enjoy the sounds of music and feel the transformative power of human connection,” Irby explained.

Additionally, 24 Hour Pause for Peace plans to amass more than 100 million ambassadors to sign an appeal to the United Nations calling for a 24 hour ceasefire during the children’s concerts and commercial music events. All countries are welcome to participate with no exceptions. One of Pause for Peace’s core beliefs is everyone has the right to be equally respected and heard, particularly in collectively calling for peace.

“Achieving this ambitious global endeavor requires the support and participation from the most impactful brands, organizations, and influential leaders, artists and celebrities,” said Jennifer McKenna, 24 Hour Pause for Peace CEO.

Pause for Peace is a $165 million global initiative. Currently, it is in its first phase of raising seed capital through consumer brand-aligned sponsorships and private donors. Funding for the program is tax-deductible through PEAC’s 501(c)(3) status.

“We have assembled an exceptional executive team of change agents in entertainment, production, consumer marketing, charitable development and global security to make this extraordinary, worldwide peace event happen.” McKenna added. “Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.” To become involved in 24 Hour Pause for Peace: A Global Concert as a sponsor, partner or donor, sign up to be an Ambassador, or for more information, go to www.24hourpauseforpeace.org.

About PEAC Institute

PEAC Institute is a 501(c)(3) nonprofit organization based in the United States. PEAC stands for peace, education, art and communication. It was formed in 2016 through a campaign with partner organization, International Campaign to Abolish Nuclear Weapons (ICAN), which garnered a 2017 Nobel Peace Prize. PEAC now holds special consultative status with the Economic and Social Council of the United Nations and has a global presence working with countries and territories worldwide to reach the most marginalized youth through art and communication activities to help them explore and express. For more information on PEAC Institute, go to www.peacinstitute.org.

Media Contact

Chadwick Boyd, Pause for Peace, 1 4046060611, chadwick@24hourpauseforpeace.org, www.24hourpauseforpeace.org

View original content to download multimedia:https://www.prweb.com/releases/peac-institute-launches-24-hour-pause-for-peace-a-global-concert-302254527.html

SOURCE Pause for Peace

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Global Times: China opens 12 nuclear research facilities to global scientists

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The involved facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

VIENNA, Sept. 21, 2024 /PRNewswire/ — China will open 12 nuclear research facilities and testing platforms to international scientists and institutions to enhance global cooperation, a senior Chinese official said here on Monday.

These include the China Advanced Research Reactor, the new-generation tokamak device Huanliu-3, and the Beishan Underground Research Laboratory, Liu Jing, vice chairman of the China Atomic Energy Authority (CAEA), said at a meeting on the sidelines of the International Atomic Energy Agency’s (IAEA) annual general conference.

The facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

Monday’s meeting, themed “Share for Development,” was organized by the CAEA to promote international cooperation in nuclear technology research and development, as China marks the 40th anniversary of its accession to the IAEA.

Yu Jianfeng, chairman of China National Nuclear Corporation, said at the event that the company aims to deepen cooperation with the IAEA and expand international collaboration. He expressed hope that opening China’s nuclear research facilities will contribute to advancing nuclear technology globally.

IAEA’s Deputy Director General Mikhail Chudakov commended China’s remarkable achievements in nuclear energy development and highlighted the long-standing, fruitful relationship between the IAEA and the CAEA.

Welcoming China’s decision to open up more of its nuclear research and development facilities, Chudakov said the move will further strengthen the agency’s technical capacity to support its member states.

On Monday evening, the CAEA and China’s permanent mission to the United Nations (UN) and other international organizations in Vienna jointly held a reception at the UN headquarters in Vienna to celebrate the 40th anniversary of China’s accession to the IAEA. More than 200 participants, including IAEA representatives and foreign envoys to Vienna, attended the event.

Li Song, China’s permanent representative to the UN and other international organizations in Vienna, said at the reception that China and the IAEA have expanded practical cooperation and jointly promoted the development of nuclear energy over the past 40 years.

China, he said, will continue to strengthen collaboration with the IAEA and its member states to address emerging challenges in international security, safeguard the global non-proliferation regime, and promote the use of nuclear energy and technology for the benefit of the Global South.

At the reception, Liu, Li and IAEA Director General Rafael Grossi jointly unveiled a bronze statue of Qian Sanqiang, a renowned Chinese nuclear physicist and one of the founders of China’s nuclear industry.

The statue, donated by China, will be permanently displayed at the IAEA headquarters, alongside sculptures of Polish-French physicist Marie Curie and other prominent figures who have made significant contributions to the peaceful use of nuclear energy.

Contact: xutianshu@globaltimes.com.cn

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SOURCE Global Times

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