2 5G Stocks to Buy in 2021
Fifth-generation (5G) wireless networks gained critical mass in 2020, despite the coronavirus pandemic. A third-party report estimates that 113 operators had deployed the next-generation technology in 52 commercial markets across the world by September 2020. What's more, 35 telecom operators reportedly joined the 5G bandwagon in the first half of 2020, as compared to 21 over the same period in 2019.
The deployment of 5G networks is expected to gather more steam in 2021 as many wireless frequency spectrum auctions by various governments had to be delayed because of the pandemic. Not surprisingly, the 5G base station (cell tower) market is expected to keep growing at a high compound annual growth rate (CAGR) of 33.7% in the future, even though its revenue more than doubled in 2020 to almost $14 billion, according to third-party estimates. The report also points out that the global 5G base station market could exceed $179 billion in revenue by 2028 as the service reaches more markets.
This is great news for companies such as Marvell Technology Group (NASDAQ: MRVL) and Analog Devices (NASDAQ: ADI) that supply base station-related infrastructure. Let's see how these companies can take advantage of 5G deployments in 2021.
Source Fool.com
