The U.S. wireless industry invested nearly $ 35 billion to grow, improve and operate its networks in 2021 , according to CTIA 's 2022 Annual Wireless Industry Survey . This record investment marks the fourth consecutive year of increased capital spending. This record investment is driving unparalleled results: 5G networks now cover more than 315 million Americans, one in three U.S. adults owns a 5G device, and 5G is now the fastest-growing segment of the home broadband market. Competition in the wireless industry is also helping keep prices low during a time of rampant inflation. While prices are rising across industries, wireless costs are falling, continuing a decade -long trend that has seen prices for wireless service fall 43% and speeds increase 85 times. The findings again show increases in wireless data usage, cell towers, and data-only devices, all pointing to a shift to a 5G economy. “ Wireless is the most competitive industry in the United States, and that competition continues to drive record levels of investment to build world-leading 5G networks,” said Meredith Attwell Baker , president and CEO of CTIA. “ Wireless competition also continues to benefit consumers, driving down wireless prices and bringing real competition to cable TV. ” CTIA 's annual industry survey has tracked the growth of the wireless industry since 1985. Key findings from this year's survey include:
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