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Canada's 5G device market to grow to $15.2B by 2031, driven by spectrum rollout and enterprise IoT demand

Market News
22 Oct 2026
Researchandmarkets.Com
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Bullish
Canada's 5G device market to grow to $15.2B by 2031, driven by spectrum rollout and enterprise IoT demand

Canada's 5G device market is forecasted to expand from USD 10 billion in 2026 to USD 15.2 billion by 2031, growing at 8.7% annually. Growth is fueled by mid-band spectrum deployment, federal connectivity programs, and rising enterprise adoption of advanced 5G devices and IoT applications. Challenges include delayed spectrum availability in some urban areas and supply chain dependencies. Key players like Rogers, TELUS, Bell, Samsung, and Apple are driving innovation and market expansion, supported by regulatory measures and new technology deployments such as 5G Advanced RedCap and satellite messaging.

Canada's 5G device market is projected to grow from USD 10 billion in 2026 to USD 15.2 billion by 2031, driven by advanced 5G technologies and enterprise IoT adoption. For readers following technology stocks, here is Pluang's market snapshot as of Oct 22, 2026 23:11 WIB: out of 150 priced Technology-sector US stocks, 69 rose and 80 fell. Notable movers include BTDR at USD 7.39 with a 1-day change of -8.31% and Pluang order activity of 6% Sell / 94% Buy, TER at USD 316.89 with a 1-day change of -8.28% and 0% Sell / 100% Buy, and STX at USD 639.79 with a 1-day change of -8.19% and 11% Sell / 89% Buy.

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