Global 2G, 3G, 4G & 5G Wireless Network Infrastructure Market Competition is Fierce, Ericsson Holding a share of 26.39% in 2024

Global 2G, 3G, 4G & 5G Wireless Network Infrastructure Market Overview

According to Global Market Monitor, the global 2G, 3G, 4G & 5G wireless network infrastructure market size will be $63.79 billion in 2024 with a CAGR of 7.23% from 2024 to 2029.

When users connect to the internet, the speed of the internet depends upon the signal strength that has been shown in alphabets like 2G, 3G, 4G, and 5G, right next to the signal bar on the home screen. Each Generation is defined as a set of telephone network standards, which detail the technological implementation of a particular mobile phone system. The speed increases and the technology used to achieve that speed also changes. For instance, 1G offers 2.4 kbps, 2G offers 64 Kbps and is based on GSM, 3G offers 144 kbps-2 Mbps whereas 4G offers 100 Mbps - 1 Gbps and is based on LTE technology.

Market Drivers

Wireless technology is experiencing tremendous growth due to the introduction of technologically advanced solutions worldwide. The rapid expansion of mobile network coverage has covered remote areas. Due to increasing competition in the industry, the increased demand for wireless technology has led to lower data usage charges. The continuous growth of network traffic, deployment of infrastructure, and growing demand for wireless connectivity due to numerous advantages are driving the growth of the market. The growing demand for 5G services and advanced high-speed Internet connectivity is driving the market growth.

The latest trends in 4G, 5G, and beyond include densification and coverage extension approaches, spectrum trends, network customization and intelligence, virtualization, and cloud. These trends provide service providers with more opportunities for network customization, network deployment, and network optimization.

Market Restraints Analysis

Radiofrequency (RF) radiation, which includes radio waves and microwaves, is at the low-energy end of the electromagnetic spectrum. It is a type of non-ionizing radiation. If RF radiation is absorbed by the body in large enough amounts, it can produce heat. This can lead to burns and body tissue damage. Although RF radiation is not thought to cause cancer by damaging the DNA in cells the way ionizing radiation does, there has been concern that in some circumstances, some forms of non-ionizing radiation might still have other effects on cells that might somehow result in cancer. Most people are exposed to much lower levels of man-made RF radiation every day due to the presence of RF signals all around us. They come from radio and television broadcasts, WiFi and Bluetooth devices, cell phones (and cell phone towers), and other sources. Cell phones and cell phone towers (base stations) use RF radiation to transmit and receive signals. Some concerns have been raised that these signals might increase the risk of cancer.

Issues related to radiofrequency have discouraged some people from 2G, 3G, 4G, and 5G wireless network infrastructure, which is not conducive to the sustainable development of the industry.

Market Competition

With major suppliers in the 2G, 3G, 4G & 5G wireless network infrastructure industry competing globally, the intensity of competition within the 2G, 3G, 4G & 5G wireless network infrastructure industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies enter the business consequently as venturing into a 2G, 3 G, 4G & 5G wireless network infrastructure business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate services which then hampers the competitive scenario in the market as established 2G, 3G, 4G & 5G wireless network infrastructure manufacturers are compelled to lower the price, which ultimately impacts their profit margins and sales volumes.

Ericsson is one of the major players operating in the 2G, 3G, 4G & 5G Wireless Network Infrastructure market, holding a share of 26.39% in 2024. Ericsson Inc. operates as a provider of telecommunications equipment and related services. The Company offers its products and services to mobile and fixed network operators, as well as provides communications networks, telecom services, and multimedia solutions. Ericsson operates globally.

Company Name	Ericsson
Website	www.ericsson.com
Established Time	1876
Business Distribution Region	Worldwide

For more industry information, please refer to our latest released "2023 Global 2G, 3G, 4G & 5G Wireless Network Infrastructure Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".