One of the big investment themes for the coming decade is related to 5G. And this movement could mean great things for 5G stocks.
The global 5G services market is expected to grow at a constant annual growth rate (CAGR) of 43.9% between fiscal year 2021 and FY2027. Furthermore, the 5G infrastructure market is expected to grow at a CAGR of 29% through FY2026.
Looking at the broader picture, 5G is likely to enable $13.2 trillion in global economic output by FY2035. Given the growth potential, there will be attractive investment opportunities in the industry.
With all of that in mind, this column will discuss some of the lesser known 5G stocks that have made inroads in the industry. I believe that these 5G stocks