Global 5G Radio Access Network Market is valued approximately at USD 17.95 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.4% over the forecast period 2023-2030. The 5G Radio Access Network (RAN) is a fundamental component of 5G wireless infrastructure, connecting user devices such as smartphones and IoT devices to the core network. It consists of base stations or radio units that are installed on roofs or cell towers and use cutting-edge technology such as beamforming and massive MIMO to increase coverage and capacity. For flexibility and scalability, the 5G RAN uses both distributed and centralized designs, integrating network function virtualization (NFV) and software-defined networking (SDN). It employs a variety of frequency bands, including low-band, mid-band and high-band spectrum, and offers applications with extremely low latency and high throughput. Integration with the core network enables seamless communication and service delivery, catering to diverse need for 5G adoption across industries. The rising demand for low-latency bandwidth connections and intensified research and development efforts by key organizations. Furthermore, the extensive deployment of 5G radio access networks (RAN) featuring numerous small cells and macro cell base stations on a global scale is significantly boosting market expansion throughout the forecast period.
Additionally, the rapid proliferation of Industry 4.0 and the Internet of Things (IoT) demands reliable and scalable connectivity solutions that 5G RAN is a prominent factor, which, in turn, propels the market demand across the globe. These solutions allow billions of devices to be connected and enable smart city, smart grid, and industrial automation applications. According to Statista, in 2021, approximately 11.28 billion Internet of Things (IoT) connected devices were recorded, which is anticipated to increase and is likely to reach 29.42 billion IoT connected devices by 2030. Therefore, these aforementioned factors are soaring the market demand across the globe. Moreover, the rising technological advancement in radio access technologies, as well as the growing initiatives and investments by government to promote 5G deployment and infrastructure development, presents various lucrative opportunities over the forecast years. However, the high infrastructure costs and the rise in security and privacy of data on 5G networks are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global 5G Radio Access Network Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the presence of several manufacturers such as Huawei Technologies Co., Ltd., and Samsung, alongside substantial investments directed toward constructing automated factories. Moreover, significant investment in acquiring 5G spectrum in pivotal countries such as South Korea, China, India, Australia, and Japan are poised to drive regional expansion. Additionally, the gradual rise in the number of small and medium IT companies in emerging nations such as India is anticipated to accelerate the adoption of 5G services in the region. Furthermore, the region's untapped potential is fostering new investment opportunities for mobile network operators and communication service providers. Whereas, North America is expected to grow at the significant CAGR over the forecast years. The region boasts a highly developed 5G infrastructure and a robust research and development base, which are significantly propelling the market demand. North America has expedited the implementation of advanced 5G technologies with a well-established 5G infrastructure, supported by substantial government investments in 5G rollouts and deployments across the U.S. and Canada.
Major market players included in this report are:
- Telefonaktiebolaget LM Ericsson
- Qualcomm Technologies, Inc.
- Nokia Corporation
- Intel Corporation
- SAMSUNG Electronics Co., Ltd
- Verizon Communications Inc.
- Cisco Systems, Inc
- Huawei Technologies Co., Ltd.
- Broadcom Inc.
- Rakuten Symphony Singapore Pte. Ltd
Recent Developments in the Market:
- In May 2023, Nokia declared that Orange Jordan has chosen it to provide modern 5G Radio Access Network (RAN) technology throughout the Jordanian Kingdom. With this strategic partnership, Orange Jordan is taking a significant step toward its goal of giving its customers better connection and capacity while also setting the foundation for the digital transformation of the nation's economy.
- In March 2023, Rakuten Symphony Singapore Pte. Ltd, in partnership with its parent company Rakuten Mobile, unveiled the inauguration of the Open RAN Customer Experience Centre situated in Weybridge, southwest of London. This new establishment, first introduced in November, materializes from an innovative endeavour backed by USD 2.3 million in funding from Japan's Ministry of Internal Affairs and Communications (MIC). Rakuten Symphony's Open RAN Customer Experience Centre features an on-site, cloud-based radio access network installation, exemplifying a forward-looking approach to technological advancement.
- In December 2022, Telefonaktiebolaget LM Ericsson revealed plans for a significant expansion in Pune, India, reaffirming its dedication to advancing 5G infrastructure and amplifying production capacity and operations. This strategic initiative emphasizes the expansion of cutting-edge manufacturing capabilities and heralds considerable employment prospects, with an estimated 2,000 job opportunities being generated in Pune, India.
Global 5G Radio Access Network Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Component, Architecture Type, Deployment, End-user, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
- Hardware
- Software
- Services
By Architecture Type:
By Deployment:
By End-user:
- Telecom Operators
- Enterprises
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. 5G Radio Access Network Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. 5G Radio Access Network Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. 5G Radio Access Network Market, by Architecture Type, 2020-2030 (USD Billion)
- 1.2.4. 5G Radio Access Network Market, by Deployment, 2020-2030 (USD Billion)
- 1.2.5. 5G Radio Access Network Market, by End-user, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global 5G Radio Access Network Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global 5G Radio Access Network Market Dynamics
- 3.1. 5G Radio Access Network Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rapid proliferation of Industry 4.0 and the Internet of Things (IoT)
- 3.1.1.2. Extensive deployment of 5G radio access networks (RAN)
- 3.1.2. Market Challenges
- 3.1.2.1. High infrastructure costs
- 3.1.2.2. Rise in security and privacy of data on 5G networks
- 3.1.3. Market Opportunities
- 3.1.3.1. Rise in technological advancements in radio access technologies
- 3.1.3.2. Growing initiatives and investments to promote 5G deployment and infrastructure development
Chapter 4. Global 5G Radio Access Network Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global 5G Radio Access Network Market, by Component
- 5.1. Market Snapshot
- 5.2. Global 5G Radio Access Network Market by Component, Performance - Potential Analysis
- 5.3. Global 5G Radio Access Network Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
- 5.4. 5G Radio Access Network Market, Sub Segment Analysis
- 5.4.1. Hardware
- 5.4.2. Software
- 5.4.3. Services
Chapter 6. Global 5G Radio Access Network Market, by Architecture Type
- 6.1. Market Snapshot
- 6.2. Global 5G Radio Access Network Market by Architecture Type, Performance - Potential Analysis
- 6.3. Global 5G Radio Access Network Market Estimates & Forecasts by Architecture Type 2020-2030 (USD Billion)
- 6.4. 5G Radio Access Network Market, Sub Segment Analysis
- 6.4.1. CRAN
- 6.4.2. ORAN
- 6.4.3. VRAN
Chapter 7. Global 5G Radio Access Network Market, by Deployment
- 7.1. Market Snapshot
- 7.2. Global 5G Radio Access Network Market by Deployment, Performance - Potential Analysis
- 7.3. Global 5G Radio Access Network Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
- 7.4. 5G Radio Access Network Market, Sub Segment Analysis
- 7.4.1. Indoor
- 7.4.2. Outdoor
Chapter 8. 5G Radio Access Network Market, by End-user
- 8.1. Market Snapshot
- 8.2. Global 5G Radio Access Network Market by End-user, Performance - Potential Analysis
- 8.3. Global 5G Radio Access Network Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
- 8.4. 5G Radio Access Network Market, Sub Segment Analysis
- 8.4.1. Telecom Operators
- 8.4.2. Enterprises
Chapter 9. Global 5G Radio Access Network Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. 5G Radio Access Network Market, Regional Market Snapshot
- 9.4. North America 5G Radio Access Network Market
- 9.4.1. U.S. 5G Radio Access Network Market
- 9.4.1.1. Component breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Architecture Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Deployment breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. End-user breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada 5G Radio Access Network Market
- 9.5. Europe 5G Radio Access Network Market Snapshot
- 9.5.1. U.K. 5G Radio Access Network Market
- 9.5.2. Germany 5G Radio Access Network Market
- 9.5.3. France 5G Radio Access Network Market
- 9.5.4. Spain 5G Radio Access Network Market
- 9.5.5. Italy 5G Radio Access Network Market
- 9.5.6. Rest of Europe 5G Radio Access Network Market
- 9.6. Asia-Pacific 5G Radio Access Network Market Snapshot
- 9.6.1. China 5G Radio Access Network Market
- 9.6.2. India 5G Radio Access Network Market
- 9.6.3. Japan 5G Radio Access Network Market
- 9.6.4. Australia 5G Radio Access Network Market
- 9.6.5. South Korea 5G Radio Access Network Market
- 9.6.6. Rest of Asia Pacific 5G Radio Access Network Market
- 9.7. Latin America 5G Radio Access Network Market Snapshot
- 9.7.1. Brazil 5G Radio Access Network Market
- 9.7.2. Mexico 5G Radio Access Network Market
- 9.8. Middle East & Africa 5G Radio Access Network Market
- 9.8.1. Saudi Arabia 5G Radio Access Network Market
- 9.8.2. South Africa 5G Radio Access Network Market
- 9.8.3. Rest of Middle East & Africa 5G Radio Access Network Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Telefonaktiebolaget LM Ericsson
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. Qualcomm Technologies, Inc.
- 10.3.3. Nokia Corporation
- 10.3.4. Intel Corporation
- 10.3.5. SAMSUNG Electronics Co., Ltd
- 10.3.6. Verizon Communications Inc.
- 10.3.7. Cisco Systems, Inc
- 10.3.8. Huawei Technologies Co., Ltd.
- 10.3.9. Broadcom Inc.
- 10.3.10. Rakuten Symphony Singapore Pte. Ltd
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption