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5G RedCap Technology Market Size, Share 2024
The global 5G RedCap Technology market was valued at US$ 4.5 billion in 2023 and is projected to reach US$ 7.35 billion by 2030, at a CAGR of 7.26% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The global key manufacturers of 5G RedCap Technology include China Unicom, Quectel Wireless Solutions, Qualcomm, MeiG Smart Technology, Huawei and China Telecom, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for 5G RedCap Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 5G RedCap Technology. This report contains market size and forecasts of 5G RedCap Technology in global, including the following market information:
- Global 5G RedCap Technology Market Revenue, 2019-2024, 2025-2030, ($ millions)
- Global top five companies in 2023 (%)
5G Reduced Capability (RedCap) technology is rapidly emerging as a pivotal element in the broader 5G ecosystem, particularly for end-user applications that demand a balance between performance and cost-effectiveness. RedCap, a new feature introduced in 3GPP Release 17, is designed to serve devices with moderate data rates and lower power consumption needs, bridging the gap between high-performance 5G and IoT devices.
Key Statistics:
Market Penetration: By 2025, it is projected that over 20% of all 5G connections will be utilizing RedCap technology. This marks a significant shift as industries seek to integrate 5G capabilities into more diverse and less demanding applications.
Adoption Across Industries: The manufacturing sector is leading in the adoption of 5G RedCap, with 35% of all deployments aimed at enhancing automation and IoT applications. Following closely are the healthcare and automotive sectors, which account for 25% and 20% of RedCap deployments, respectively.
Device Proliferation: It's estimated that by 2026, there will be over 200 million RedCap-enabled devices in operation globally. This surge is driven by the growing demand for smart sensors, wearable devices, and connected infrastructure that do not require the full bandwidth of traditional 5G.
Cost Efficiency: Devices using 5G RedCap are expected to be 30-40% cheaper than those using full-scale 5G technology. This cost reduction is crucial for industries that need to deploy large volumes of connected devices without compromising on efficiency.
Energy Consumption: RedCap devices are optimized for low energy consumption, with some models achieving up to 50% less power usage compared to standard 5G devices. This makes them ideal for applications where battery life is a critical factor, such as in remote monitoring systems and wearable health devices.
Latency and Throughput: While RedCap offers reduced capability, it still provides impressive performance with latency as low as 10 milliseconds and data rates reaching up to 100 Mbps. This ensures that RedCap devices can support a wide range of real-time applications without significant delays.
We surveyed the 5G RedCap Technology companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global 5G RedCap Technology Market, by Type, 2019-2024, 2025-2030 ($ millions)
Global 5G RedCap Technology Market Segment Percentages, by Type, 2023 (%)
- Hardware
- Software and Services
Global 5G RedCap Technology Market, by Application, 2019-2024, 2025-2030 ($ millions)
Global 5G RedCap Technology Market Segment Percentages, by Application, 2023 (%)
- Video Surveillance
- Wearable Devices
- Industrial Internet
- Other
Global 5G RedCap Technology Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions)
Global 5G RedCap Technology Market Segment Percentages, By Region and Country, 2023 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies 5G RedCap Technology revenues in global market, 2019-2024 (estimated), ($ millions)
- Key companies 5G RedCap Technology revenues share in global market, 2023 (%)
key players include:
- China Unicom
- Quectel Wireless Solutions
- Qualcomm
- MeiG Smart Technology
- Huawei
- China Telecom
Outline of Major Chapters:
Chapter 1: Introduces the definition of 5G RedCap Technology, market overview.
Chapter 2: Global 5G RedCap Technology market size in revenue.
Chapter 3: Detailed analysis of 5G RedCap Technology company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of 5G RedCap Technology in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
| Report Attributes |
Report Details |
| Report Title |
5G RedCap Technology Market, Global Outlook and Forecast 2024-2030 |
| Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year |
2023 |
| Forecast Year |
2031 |
| Number of Pages |
61 Pages |
| Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 5G RedCap Technology Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global 5G RedCap Technology Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global 5G RedCap Technology Overall Market Size
2.1 Global 5G RedCap Technology Market Size: 2023 VS 2030
2.2 Global 5G RedCap Technology Market Size, Prospects & Forecasts: 2019-2030
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top 5G RedCap Technology Players in Global Market
3.2 Top Global 5G RedCap Technology Companies Ranked by Revenue
3.3 Global 5G RedCap Technology Revenue by Companies
3.4 Top 3 and Top 5 5G RedCap Technology Companies in Global Market, by Revenue in 2023
3.5 Global Companies 5G RedCap Technology Product Type
3.6 Tier 1, Tier 2 and Tier 3 5G RedCap Technology Players in Global Market
3.6.1 List of Global Tier 1 5G RedCap Technology Companies
3.6.2 List of Global Tier 2 and Tier 3 5G RedCap Technology Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global 5G RedCap Technology Market Size Markets, 2023 & 2030
4.1.2 Hardware
4.1.3 Software and Services
4.2 By Type - Global 5G RedCap Technology Revenue & Forecasts
4.2.1 By Type - Global 5G RedCap Technology Revenue, 2019-2024
4.2.2 By Type - Global 5G RedCap Technology Revenue, 2025-2030
4.2.3 By Type - Global 5G RedCap Technology Revenue Market Share, 2019-2030
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global 5G RedCap Technology Market Size, 2023 & 2030
5.1.2 Video Surveillance
5.1.3 Wearable Devices
5.1.4 Industrial Internet
5.1.5 Other
5.2 By Application - Global 5G RedCap Technology Revenue & Forecasts
5.2.1 By Application - Global 5G RedCap Technology Revenue, 2019-2024
5.2.2 By Application - Global 5G RedCap Technology Revenue, 2025-2030
5.2.3 By Application - Global 5G RedCap Technology Revenue Market Share, 2019-2030
6 Sights by Region
6.1 By Region - Global 5G RedCap Technology Market Size, 2023 & 2030
6.2 By Region - Global 5G RedCap Technology Revenue & Forecasts
6.2.1 By Region - Global 5G RedCap Technology Revenue, 2019-2024
6.2.2 By Region - Global 5G RedCap Technology Revenue, 2025-2030
6.2.3 By Region - Global 5G RedCap Technology Revenue Market Share, 2019-2030
6.3 North America
6.3.1 By Country - North America 5G RedCap Technology Revenue, 2019-2030
6.3.2 US 5G RedCap Technology Market Size, 2019-2030
6.3.3 Canada 5G RedCap Technology Market Size, 2019-2030
6.3.4 Mexico 5G RedCap Technology Market Size, 2019-2030
6.4 Europe
6.4.1 By Country - Europe 5G RedCap Technology Revenue, 2019-2030
6.4.2 Germany 5G RedCap Technology Market Size, 2019-2030
6.4.3 France 5G RedCap Technology Market Size, 2019-2030
6.4.4 U.K. 5G RedCap Technology Market Size, 2019-2030
6.4.5 Italy 5G RedCap Technology Market Size, 2019-2030
6.4.6 Russia 5G RedCap Technology Market Size, 2019-2030
6.4.7 Nordic Countries 5G RedCap Technology Market Size, 2019-2030
6.4.8 Benelux 5G RedCap Technology Market Size, 2019-2030
6.5 Asia
6.5.1 By Region - Asia 5G RedCap Technology Revenue, 2019-2030
6.5.2 China 5G RedCap Technology Market Size, 2019-2030
6.5.3 Japan 5G RedCap Technology Market Size, 2019-2030
6.5.4 South Korea 5G RedCap Technology Market Size, 2019-2030
6.5.5 Southeast Asia 5G RedCap Technology Market Size, 2019-2030
6.5.6 India 5G RedCap Technology Market Size, 2019-2030
6.6 South America
6.6.1 By Country - South America 5G RedCap Technology Revenue, 2019-2030
6.6.2 Brazil 5G RedCap Technology Market Size, 2019-2030
6.6.3 Argentina 5G RedCap Technology Market Size, 2019-2030
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa 5G RedCap Technology Revenue, 2019-2030
6.7.2 Turkey 5G RedCap Technology Market Size, 2019-2030
6.7.3 Israel 5G RedCap Technology Market Size, 2019-2030
6.7.4 Saudi Arabia 5G RedCap Technology Market Size, 2019-2030
6.7.5 UAE 5G RedCap Technology Market Size, 2019-2030
7 5G RedCap Technology Companies Profiles
7.1 China Unicom
7.1.1 China Unicom Company Summary
7.1.2 China Unicom Business Overview
7.1.3 China Unicom 5G RedCap Technology Major Product Offerings
7.1.4 China Unicom 5G RedCap Technology Revenue in Global Market (2019-2024)
7.1.5 China Unicom Key News & Latest Developments
7.2 Quectel Wireless Solutions
7.2.1 Quectel Wireless Solutions Company Summary
7.2.2 Quectel Wireless Solutions Business Overview
7.2.3 Quectel Wireless Solutions 5G RedCap Technology Major Product Offerings
7.2.4 Quectel Wireless Solutions 5G RedCap Technology Revenue in Global Market (2019-2024)
7.2.5 Quectel Wireless Solutions Key News & Latest Developments
7.3 Qualcomm
7.3.1 Qualcomm Company Summary
7.3.2 Qualcomm Business Overview
7.3.3 Qualcomm 5G RedCap Technology Major Product Offerings
7.3.4 Qualcomm 5G RedCap Technology Revenue in Global Market (2019-2024)
7.3.5 Qualcomm Key News & Latest Developments
7.4 MeiG Smart Technology
7.4.1 MeiG Smart Technology Company Summary
7.4.2 MeiG Smart Technology Business Overview
7.4.3 MeiG Smart Technology 5G RedCap Technology Major Product Offerings
7.4.4 MeiG Smart Technology 5G RedCap Technology Revenue in Global Market (2019-2024)
7.4.5 MeiG Smart Technology Key News & Latest Developments
7.5 Huawei
7.5.1 Huawei Company Summary
7.5.2 Huawei Business Overview
7.5.3 Huawei 5G RedCap Technology Major Product Offerings
7.5.4 Huawei 5G RedCap Technology Revenue in Global Market (2019-2024)
7.5.5 Huawei Key News & Latest Developments
7.6 China Telecom
7.6.1 China Telecom Company Summary
7.6.2 China Telecom Business Overview
7.6.3 China Telecom 5G RedCap Technology Major Product Offerings
7.6.4 China Telecom 5G RedCap Technology Revenue in Global Market (2019-2024)
7.6.5 China Telecom Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. 5G RedCap Technology Market Opportunities & Trends in Global Market
Table 2. 5G RedCap Technology Market Drivers in Global Market
Table 3. 5G RedCap Technology Market Restraints in Global Market
Table 4. Key Players of 5G RedCap Technology in Global Market
Table 5. Top 5G RedCap Technology Players in Global Market, Ranking by Revenue (2023)
Table 6. Global 5G RedCap Technology Revenue by Companies, (US$, Mn), 2019-2024
Table 7. Global 5G RedCap Technology Revenue Share by Companies, 2019-2024
Table 8. Global Companies 5G RedCap Technology Product Type
Table 9. List of Global Tier 1 5G RedCap Technology Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 10. List of Global Tier 2 and Tier 3 5G RedCap Technology Companies, Revenue (US$, Mn) in 2023 and Market Share
Table 11. By Type ? Global 5G RedCap Technology Revenue, (US$, Mn), 2023 & 2030
Table 12. By Type - 5G RedCap Technology Revenue in Global (US$, Mn), 2019-2024
Table 13. By Type - 5G RedCap Technology Revenue in Global (US$, Mn), 2025-2030
Table 14. By Application ? Global 5G RedCap Technology Revenue, (US$, Mn), 2023 & 2030
Table 15. By Application - 5G RedCap Technology Revenue in Global (US$, Mn), 2019-2024
Table 16. By Application - 5G RedCap Technology Revenue in Global (US$, Mn), 2025-2030
Table 17. By Region ? Global 5G RedCap Technology Revenue, (US$, Mn), 2023 & 2030
Table 18. By Region - Global 5G RedCap Technology Revenue (US$, Mn), 2019-2024
Table 19. By Region - Global 5G RedCap Technology Revenue (US$, Mn), 2025-2030
Table 20. By Country - North America 5G RedCap Technology Revenue, (US$, Mn), 2019-2024
Table 21. By Country - North America 5G RedCap Technology Revenue, (US$, Mn), 2025-2030
Table 22. By Country - Europe 5G RedCap Technology Revenue, (US$, Mn), 2019-2024
Table 23. By Country - Europe 5G RedCap Technology Revenue, (US$, Mn), 2025-2030
Table 24. By Region - Asia 5G RedCap Technology Revenue, (US$, Mn), 2019-2024
Table 25. By Region - Asia 5G RedCap Technology Revenue, (US$, Mn), 2025-2030
Table 26. By Country - South America 5G RedCap Technology Revenue, (US$, Mn), 2019-2024
Table 27. By Country - South America 5G RedCap Technology Revenue, (US$, Mn), 2025-2030
Table 28. By Country - Middle East & Africa 5G RedCap Technology Revenue, (US$, Mn), 2019-2024
Table 29. By Country - Middle East & Africa 5G RedCap Technology Revenue, (US$, Mn), 2025-2030
Table 30. China Unicom Company Summary
Table 31. China Unicom 5G RedCap Technology Product Offerings
Table 32. China Unicom 5G RedCap Technology Revenue (US$, Mn) & (2019-2024)
Table 33. China Unicom Key News & Latest Developments
Table 34. Quectel Wireless Solutions Company Summary
Table 35. Quectel Wireless Solutions 5G RedCap Technology Product Offerings
Table 36. Quectel Wireless Solutions 5G RedCap Technology Revenue (US$, Mn) & (2019-2024)
Table 37. Quectel Wireless Solutions Key News & Latest Developments
Table 38. Qualcomm Company Summary
Table 39. Qualcomm 5G RedCap Technology Product Offerings
Table 40. Qualcomm 5G RedCap Technology Revenue (US$, Mn) & (2019-2024)
Table 41. Qualcomm Key News & Latest Developments
Table 42. MeiG Smart Technology Company Summary
Table 43. MeiG Smart Technology 5G RedCap Technology Product Offerings
Table 44. MeiG Smart Technology 5G RedCap Technology Revenue (US$, Mn) & (2019-2024)
Table 45. MeiG Smart Technology Key News & Latest Developments
Table 46. Huawei Company Summary
Table 47. Huawei 5G RedCap Technology Product Offerings
Table 48. Huawei 5G RedCap Technology Revenue (US$, Mn) & (2019-2024)
Table 49. Huawei Key News & Latest Developments
Table 50. China Telecom Company Summary
Table 51. China Telecom 5G RedCap Technology Product Offerings
Table 52. China Telecom 5G RedCap Technology Revenue (US$, Mn) & (2019-2024)
Table 53. China Telecom Key News & Latest Developments
List of Figures
Figure 1. 5G RedCap Technology Segment by Type in 2023
Figure 2. 5G RedCap Technology Segment by Application in 2023
Figure 3. Global 5G RedCap Technology Market Overview: 2023
Figure 4. Key Caveats
Figure 5. Global 5G RedCap Technology Market Size: 2023 VS 2030 (US$, Mn)
Figure 6. Global 5G RedCap Technology Revenue, 2019-2030 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by 5G RedCap Technology Revenue in 2023
Figure 8. By Type - Global 5G RedCap Technology Revenue Market Share, 2019-2030
Figure 9. By Application - Global 5G RedCap Technology Revenue Market Share, 2019-2030
Figure 10. By Type - Global 5G RedCap Technology Revenue, (US$, Mn), 2023 & 2030
Figure 11. By Type - Global 5G RedCap Technology Revenue Market Share, 2019-2030
Figure 12. By Application - Global 5G RedCap Technology Revenue, (US$, Mn), 2023 & 2030
Figure 13. By Application - Global 5G RedCap Technology Revenue Market Share, 2019-2030
Figure 14. By Region - Global 5G RedCap Technology Revenue Market Share, 2019-2030
Figure 15. By Country - North America 5G RedCap Technology Revenue Market Share, 2019-2030
Figure 16. US 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 17. Canada 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 18. Mexico 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 19. By Country - Europe 5G RedCap Technology Revenue Market Share, 2019-2030
Figure 20. Germany 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 21. France 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 22. U.K. 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 23. Italy 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 24. Russia 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 25. Nordic Countries 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 26. Benelux 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 27. By Region - Asia 5G RedCap Technology Revenue Market Share, 2019-2030
Figure 28. China 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 29. Japan 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 30. South Korea 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 31. Southeast Asia 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 32. India 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 33. By Country - South America 5G RedCap Technology Revenue Market Share, 2019-2030
Figure 34. Brazil 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 35. Argentina 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 36. By Country - Middle East & Africa 5G RedCap Technology Revenue Market Share, 2019-2030
Figure 37. Turkey 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 38. Israel 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 39. Saudi Arabia 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 40. UAE 5G RedCap Technology Revenue, (US$, Mn), 2019-2030
Figure 41. China Unicom 5G RedCap Technology Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 42. Quectel Wireless Solutions 5G RedCap Technology Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 43. Qualcomm 5G RedCap Technology Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 44. MeiG Smart Technology 5G RedCap Technology Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 45. Huawei 5G RedCap Technology Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
Figure 46. China Telecom 5G RedCap Technology Revenue Year Over Year Growth (US$, Mn) & (2019-2024)
