The Germany market dominated the Europe 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 $15.96 billion by 2032. The UK market is exhibiting a CAGR of 26.2% during 2025-2032. Additionally, the France market is expected to experience a CAGR of 28.7% during 2025-2032.
The progression of wireless communication represents one of the most significant technological advancements of the 21st century. The introduction of 5G NR marks a significant milestone in this journey, revolutionizing how we connect, communicate, and interact with technology. From smart cities and industrial automation to autonomous vehicles and immersive digital experiences, 5G NR is poised to unlock unprecedented opportunities in the economy.
This market is experiencing substantial growth due to increasing demand for enhanced mobile broadband, the rising adoption of the Internet of Things (IoT), and the accelerating pace of enterprise digital transformation. One of the key drivers of the market is the widespread adoption of smartphones, tablets, and connected devices.
Europe is at the forefront of 5G New Radio (NR) deployments, significantly enhancing connectivity, IoT applications, and digital infrastructure across key sectors such as smart cities, energy management, transportation, and utilities. The European Commission has implemented several initiatives, including the 5G Action Plan for Europe, to ensure a coordinated 5G rollout across member states. This strategic plan aims to achieve uninterrupted 5G coverage in all urban areas and major transportation corridors by 2025, accelerating the adoption of 5G NR technology. These initiatives have fueled the demand for 5G NR infrastructure, which is crucial for processing massive data volumes, supporting real-time IoT applications, and improving network efficiency in various industries. The integration of 5G NR networks in the logistics and e-commerce sectors positions France as a key player in the European 5G industry, presenting lucrative growth opportunities for 5G-enabled smart logistics solutions throughout the forecast period. In conclusion, due to the above, rising factors are driving the growth of the market.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
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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