The North America 5G New Radio Market is expected to witness market growth of 27.2% CAGR during the forecast period (2025-2032).
The US market dominated the North America 5G New Radio Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $67.10 billion by 2032. The Canada market is experiencing a CAGR of 29.5% during 2025-2032. Additionally, the Mexico market is expected to exhibit a CAGR of 28.5% during 2025-2032.
5G New Radio (5G NR) is the standard for next-generation wireless communication devised by the 3rd Generation Partnership Project (3GPP) to support 5G networks. It is engineered to deliver enhanced data transmission speeds, reduced latency, increased network capacity, and superior efficiency in comparison to earlier generations, including 4G LTE. 5G NR is the foundation for modern mobile networks, IoT applications, smart cities, industrial automation, and emerging digital innovations.
Unlike earlier wireless technologies, 5G NR is highly flexible and scalable, capable of supporting diverse use cases, from enhanced mobile broadband (eMBB) to ultra-reliable low-latency communication (URLLC) and massive machine-type communication (mMTC). This adaptability renders it particularly suitable for applications necessitating real-time responsiveness, high-speed connectivity, and the seamless integration of billions of interconnected devices.
The market in North America is experiencing significant growth, propelled by advantageous governmental policies and technological innovations. According to the National Telecommunications and Information Administration, the region leads in 5G adoption, with 108 million 5G connections and 506 million LTE connections by the end of Q3 2022. The penetration of 5G among the population is approaching 30%, with 14 million new 5G connections added in the quarter, reflecting a 15.47% increase from Q2 2022. This rapid expansion has heightened the demand for 5G NR infrastructure, ensuring the high-speed, low-latency connectivity required to support next-generation applications such as autonomous vehicles, smart cities, and industrial automation. Furthermore, in Canada, the transition from 4G to 5G NR technology is expected to drive significant economic growth, as reported by the Canadian government. By 2026, Canadian telecommunications service providers are projected to invest approximately $26 billion in 5G network expansion, with 5G NR technology anticipated to contribute up to $40 billion annually to the Canadian economy. Hence, as North American nations modernize their digital infrastructure, the adoption of 5G NR technology will continue to rise, supporting a wide range of applications in telecommunications, industrial automation, smart cities, and healthcare.
The US market dominated the North America 5G New Radio Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of $67.10 billion by 2032. The Canada market is experiencing a CAGR of 29.5% during 2025-2032. Additionally, the Mexico market is expected to exhibit a CAGR of 28.5% during 2025-2032.
5G New Radio (5G NR) is the standard for next-generation wireless communication devised by the 3rd Generation Partnership Project (3GPP) to support 5G networks. It is engineered to deliver enhanced data transmission speeds, reduced latency, increased network capacity, and superior efficiency in comparison to earlier generations, including 4G LTE. 5G NR is the foundation for modern mobile networks, IoT applications, smart cities, industrial automation, and emerging digital innovations.
Unlike earlier wireless technologies, 5G NR is highly flexible and scalable, capable of supporting diverse use cases, from enhanced mobile broadband (eMBB) to ultra-reliable low-latency communication (URLLC) and massive machine-type communication (mMTC). This adaptability renders it particularly suitable for applications necessitating real-time responsiveness, high-speed connectivity, and the seamless integration of billions of interconnected devices.
The market in North America is experiencing significant growth, propelled by advantageous governmental policies and technological innovations. According to the National Telecommunications and Information Administration, the region leads in 5G adoption, with 108 million 5G connections and 506 million LTE connections by the end of Q3 2022. The penetration of 5G among the population is approaching 30%, with 14 million new 5G connections added in the quarter, reflecting a 15.47% increase from Q2 2022. This rapid expansion has heightened the demand for 5G NR infrastructure, ensuring the high-speed, low-latency connectivity required to support next-generation applications such as autonomous vehicles, smart cities, and industrial automation. Furthermore, in Canada, the transition from 4G to 5G NR technology is expected to drive significant economic growth, as reported by the Canadian government. By 2026, Canadian telecommunications service providers are projected to invest approximately $26 billion in 5G network expansion, with 5G NR technology anticipated to contribute up to $40 billion annually to the Canadian economy. Hence, as North American nations modernize their digital infrastructure, the adoption of 5G NR technology will continue to rise, supporting a wide range of applications in telecommunications, industrial automation, smart cities, and healthcare.
List of Key Companies Profiled
- Ericsson AB
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Fujitsu Limited
- Intel Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Verizon Communications, Inc.
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- NEC Corporation
- Keysight Technologies, Inc.
Market Report Segmentation
By Operating Frequency
- Sub-6 GHz
- mmWave
By Application
- Enhanced Mobile Broadband (eMBB)
- Massive Machine-type Communications (mMTC)
- Ultra-reliable Low-Latency Communications (URLLC)
By Offering
- Hardware
- Database Administration
- Radio Units
- Antennas
- Customer Premises Equipment (CPE)
- Other Hardware
- Services
- Software
By Architecture
- Non-Standalone (NSA)
- Standalone (SA)
By Industry
- IT & Telecommunication
- Manufacturing
- Automotive
- Healthcare
- Retail
- Other Industry
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America 5G New Radio Market by Operating Frequency
Chapter 6. North America 5G New Radio Market by Application
Chapter 7. North America 5G New Radio Market by Offering
Chapter 8. North America 5G New Radio Market by Architecture
Chapter 9. North America 5G New Radio Market by Industry
Chapter 10. North America 5G New Radio Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Ericsson AB
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Fujitsu Limited
- Intel Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Verizon Communications, Inc.
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- NEC Corporation
- Keysight Technologies, Inc.
Methodology
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