
Market size of 5G base stations in China 2019-2024
In 2019, the size of the 5G base station market in China amounted to 3.9 billion yuan. According to the forecast, the industry was projected to value about 34 billion yuan by 2023. The largest player in the market was Huawei. The only foreign company involved in the construction of Chinese 5G infrastructure was the Swedish telecommunication enterprise Ericsson.