North America 5G Network and Tower Deployment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Component, Location, Frequency Band, and Small Cell Tower

The North America 5G network and tower deployment market is expected to reach US$ 7,100.97 million by 2028; it is estimated to register a CAGR of 11.9% from 2022 to 2028.

The rising number of government initiatives to deploy and promote the adoption of 5G networks is propelling the growth of the North America 5G network and tower deployment market. Moreover, the adoption of automation across major industries, such as manufacturing, retail, healthcare, and education, is also influencing the rise in 5G network services in the region. For instance, 7-Heaven, a retailer in Canada, launched mobile checkouts across the nation in November 2021. Similarly, Couche-Tard also launched touchless self-checkout systems across its 7,000 stores in the US, Canada, and other European countries in January 2022. These factors are expected to increase the demand for new 5G tower deployments, thereby contributing to the North America 5G network and tower deployment market growth over the forecast period.

The 5G network towers across urban areas across North America operate through electricity, whereas those operating in rural areas are run through diesel. This increases the adverse effect on the environment. However, with companies being more conscious about their environmental contribution, the tower companies are integrating solar panels for the network tower operation across the region. These initiatives are expected to propel the North America 5G network and tower deployment market the growth during the forecast period.

In 2021, the 4G technology accounted for the highest number of subscribers. However, the 5G technology is expected to grow ata an exponential rate and account for 63% of the total mobile subscribers by 2025. This rise in the rapid adoption rate of 5G technology is due to an increase in technology penetration such as artificial intelligence, automation among various end users, and integration of IoT-enabled devices across commercial and residential applications. For instance, as per the GSMA Mobile Economy report 2022, the total global cellular IoT connections in 2021 were recorded to be 2,099 million. However, according to the same report, the total IoT cellular connections are expected to reach 4,075 million by 2025, with North America contributing 235 million new IoT cellular connections by 2025. Thus, the rise in the adoption of IoT connections across the region is predicted to assist in the growing North America 5G network and tower deployment market share over the forecast period.

The rapidly growing population across the region is influencing the constantly growing smart phone and mobile and home broadband subscribers. For instance, according to GSMA 85% of the North American population will adopt smart phone by 2025, thereby contributing to the demand for 5G network services.

North America is one of the strongest geographical regions in terms of economic strength and stability majorly due to presence of developed countries such as the U.S. and Canada in this region. This is a positive growth factor for the 5G network and tower deployment market, as companies are financially strong, and they invest heavily in research and development to offer advanced network services. The above-mentioned factors are projected to positively contobute towards the North America 5G network and tower deployment market.

The North America 5G network and tower deployment market size is segmented into component, location, frequency band, small cell tower, and country. Based on component, the North America 5G network and tower deployment market analysis is segmented into small cell, 5G mobile core network, and radio access network. Based on location, the North America 5G network and tower deployment market size is bifurcated into ground tower and rooftop tower. Based on frequency band, the North America 5G network and tower deployment market analysis is segmented into low band, medium band, and high band. Based on small cell tower, the North America 5G network and tower deployment market is categorized into femto cells, pico cells, and micro cells. Based on country, the North America 5G network and tower deployment market is segmented into the US, Canada, and Mexico.

American Tower Corporation, Crown Castle, SBA Communications, Qualcomm Inc., and Verizon Communications Inc. are a few North America 5G network and tower deployment market players profiled in this market study. Phoenix International Towers, DISH Network L.L.C., CommScope Inc., Mavenir, and AT&T Inc are few other notable North America 5G network and tower deployment market players profiled in the report.

The major end-users of the 5G network and tower deployment market include residential, commercial, and industrial users. The rising population across the region and the growing adoption of smart phone among them is increasing the demand for 5G network services. Moreover, the rising automation across commercial and industrial sectors is further propelling the demand for 5G network services, which is further propelling the growth of the North America 5G network and tower deployment market.

Impact of COVID-19 Pandemic on North America 5G Network and Tower Deployment

The communication service providers (CSPs) to roll out better 5G connectivity plans to address the increased internet demand across North America region. The CSPs has deployed their 5G rollout connectivity; however, they had to expand their existing data consumption packages to facilitate the growing demand for internet across the region. Additionally, the stringent government rules and regulations across the region to maintain distance for combating the spread of SARS-CoV-2 further influenced the adoption of advanced technologies across industries such as retail and education to maintain their daily course of action with the integration of self-checkout systems or online education platforms. This propelled the demand for enhanced network connectivity, thereby marginally impacting the growth of the North America 5G network and tower deployment market, thus reviving the market growth from Q2 2020.