The North America Standalone 5G Network Market is expected to witness market growth of 54.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Standalone 5G Network Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $8.82 billion by 2031. The Canada market is experiencing a CAGR of 57.6% during 2024-2031. Additionally, the Mexico market is expected to exhibit CAGR of 56.5% during 2024-2031.
The economic implications of SA 5G are profound. SA 5G networks are anticipated to stimulate substantial economic growth by facilitating the development of novel business models and revenue streams, serving as the foundation of next-generation connectivity. They are unlocking opportunities in emerging areas such as autonomous vehicles, smart grids, and remote work.
Additionally, autonomous vehicles rely on the ultra-low latency and high reliability of SA 5G to communicate with other vehicles and infrastructure, ensuring safety and efficiency. Smart grids, which manage energy distribution more effectively, integrate SA 5G to enable real-time monitoring and control. In remote work, SA 5G facilitates seamless video conferencing, virtual collaboration, and access to cloud-based applications, making it an essential tool for the modern workforce.
Due to the region's dedication to digital infrastructure and innovation, the standalone 5G network market in North America has experienced substantial growth. With strong government support, private sector investments, and rapid adoption across manufacturing, enterprise, and automotive sectors, North America is setting the benchmark for 5G advancements. The United States is at the forefront of adopting standalone 5G networks, with a significant push coming from the manufacturing sector. As part of Industry 4.0, U.S.-based manufacturers increasingly deploy 5G-enabled automation, robotics, and IoT devices to optimize productivity and reduce costs.
The US market dominated the North America Standalone 5G Network Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $8.82 billion by 2031. The Canada market is experiencing a CAGR of 57.6% during 2024-2031. Additionally, the Mexico market is expected to exhibit CAGR of 56.5% during 2024-2031.
The economic implications of SA 5G are profound. SA 5G networks are anticipated to stimulate substantial economic growth by facilitating the development of novel business models and revenue streams, serving as the foundation of next-generation connectivity. They are unlocking opportunities in emerging areas such as autonomous vehicles, smart grids, and remote work.
Additionally, autonomous vehicles rely on the ultra-low latency and high reliability of SA 5G to communicate with other vehicles and infrastructure, ensuring safety and efficiency. Smart grids, which manage energy distribution more effectively, integrate SA 5G to enable real-time monitoring and control. In remote work, SA 5G facilitates seamless video conferencing, virtual collaboration, and access to cloud-based applications, making it an essential tool for the modern workforce.
Due to the region's dedication to digital infrastructure and innovation, the standalone 5G network market in North America has experienced substantial growth. With strong government support, private sector investments, and rapid adoption across manufacturing, enterprise, and automotive sectors, North America is setting the benchmark for 5G advancements. The United States is at the forefront of adopting standalone 5G networks, with a significant push coming from the manufacturing sector. As part of Industry 4.0, U.S.-based manufacturers increasingly deploy 5G-enabled automation, robotics, and IoT devices to optimize productivity and reduce costs.
List of Key Companies Profiled
- AT&T Inc.
- Verizon Communications, Inc.
- Ericsson AB
- Cisco Systems, Inc.
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- ZTE Corporation
- Samsung Electronics Co., Ltd. (Samsung Health)
- Hewlett Packard Enterprise Company
- Vodafone Group Plc
Market Report Segmentation
By Spectrum
- Sub-6 GHz
- mmWave
By Network
- Public
- Private
By Component
- Solutions
- 5G Radio Access Network (RAN)
- 5G Core Network
- Other Solutions Type
- Services
By Vertical
- Manufacturing
- Enterprise/Corporate
- Automotive & Transportation
- Energy & Utilities
- Healthcare/Hospitals
- Smart Cities
- Others
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 Standalone 5G Network Market by Spectrum
Chapter 6. North America Standalone 5G Network Market by Network
Chapter 7. North America Standalone 5G Network Market by Component
Chapter 8. North America Standalone 5G Network Market by Vertical
Chapter 9. North America Standalone 5G Network Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- AT&T Inc.
- Verizon Communications, Inc.
- Ericsson AB
- Cisco Systems, Inc.
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- ZTE Corporation
- Samsung Electronics Co., Ltd. (Samsung Health)
- Hewlett Packard Enterprise Company
- Vodafone Group Plc
Methodology
LOADING...
