PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270340
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270340
5G Radio Access Network (RAN) Market size was valued at USD 17,771.6 million in 2022, expanding at a CAGR of 21.9% from 2023 to 2030.
The next phase of the growth of cellular networks is a virtualized radio access network (V-RAN), especially with the addition of 5G. V-RAN advances cellular networks by virtualizing or software-basing formerly hardware-driven functions. In order to be more adaptable in their ability to offer new services and feature additions as well as overall network management, several operators are attempting to shift to a software-based network, similar to the transition that occurred in IT networks.
5g RAN Market- Market Dynamics
Mobile network operators (MNOs) and network service providers are increasingly adopting the trend of implementing centralized RAN and virtual RAN (VRAN) in order to lower overall infrastructure costs and network complexity. The RAN also enables businesses and mobile network operators using private 4G or private 5G to provide network slicing solutions by allocating capacity to different businesses to separate network usage within a public mobile network. The sector is growing extremely quickly as a result of technology advancements and consumers' preference for 5G RAN solutions. To deliver high-performing 5G network solutions, radio access networks are made up of wireless telecommunications equipment, comprising antennas and base stations. It connects individual devices via radio links, enabling wireless connectivity, using 5G radio frequency division duplex (FDD) frequencies.
Furthermore, in order to assist clients in converting their current legacy network infrastructure into the next-generation 5G network, a number of market companies are heavily concentrating on offering RAN solutions for private 5G networks. For instance, Qualcomm Technologies, Inc. and Vodafone Group announced a partnership in October 2022 to develop and integrate distributed units with enormous multiple-input multiple-output capabilities and next-generation 5G radio units. The businesses are also creating 5G ORAN infrastructure solutions that are powered by Qualcomm's X100 5G RAN accelerator card and QRU100 5G radio access network platform.
The Global 5g RAN Market is segmented into Communication Infrastructure, End-User, Component and Region.
Based on the communication infrastructure, the small cell segment is expected to be the largest & fastest-growing segment in the projected period. Across short distances, such as a train line or a neighborhood, small cells operate well. Due to its low latency and ability to be easily adopted in highly populated areas, small cells have the potential for smart cities, 5G, high-speed transport connections, IoT, and more. The launch of the next-generation 5G Radio Access Network has been accelerated by the unanticipated rise in customer demand for high-speed mobile internet connectivity (RAN). Small cell 5G networks are gradually being adopted across industrial, enterprise, and residential applications to give better coverage capacity at an affordable price. Telecom operators are aiming for network densification as a result of the necessity to provide high-speed capacity for serving a large number of consumers. So, it is projected that this will continue to fuel segment expansion over the course of the forecast period. On the other hand, the distributed unit segment is projected to be the highest-growing segment in 2022. Because the consumer electronics sector's rapid expansion and the increased popularity of smartphones are to blame for this. Before physically delivering the data across a communication channel to the mapped destination for delivery, the distributed unit transforms a signal into its final state and collects all the data.
5g RAN Market- Geographical Insights
The Asia Pacific is expected to dominate the market during the forecast period. The growth in region is due to the presence of numerous firms, including Samsung and Huawei Technologies Co., Ltd., as well as a large number of investments that are anticipated to go towards the construction of automated factories in the area. Moreover, it is anticipated that significant investments to get a 5G spectrum in important nations including South Korea, China, India, Australia, and Japan will contribute to regional growth. Additionally, it is anticipated that a gradual rise in the number of small and medium-sized IT firms in developing nations like South Korea and India will accelerate the region's adoption of 5G services. On the other hand, in 2022, North America increased its market share significantly to about XX. The area has a highly established 5G infrastructure and a sizable research and development base, which will enable it to dominate the global market in terms of revenue throughout the anticipated time.
In March 2023, Fujitsu announced the release of a new 5G vRAN solution that combines NVIDIA's (1) GPU technology with their virtualized CU (vCU) and virtualized DU (vDU) technologies. In March 2023, Fujitsu will begin providing the new solution to clients worldwide, including telecommunications operators. The new approach was created as a component of the "5G Open RAN Ecosystem" (OREC) (2) initiative backed by NTT DOCOMO (3), which also funded tests for the new approach's performance verification and evaluation.
This proposed research study on the 5g RAN Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for 5g RAN Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the 5g RAN Market
Impact of COVID-19 on 5g RAN Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on 5g RAN Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the 5g RAN Market, we have also included competitive landscape and key innovator analysis for the 5g RAN Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the 5g RAN Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global 5g RAN Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
GLOBAL 5G RAN MARKET KEY PLAYERS
Ericsson
Qualcomm Technologies, Inc.
Telefonaktiebolaget LM Ericsson
Cisco Systems, Inc.
Rakuten Symphony Singapore Pte. Ltd.
Nokia
ZTE Corporation
Intel Corporation
NEC Corporation
Samsung
Verizon
Huawei Technologies Co., Ltd.
VMware, Inc.
GLOBAL 5G RAN MARKET, BY COMMUNICATION INFRASTRUCTURE
Small Cell
Macro Cell
GLOBAL 5G RAN MARKET, BY END-USER
Residential
Commercial
GLOBAL 5G RAN MARKET, BY COMPONENT
Radio Unit
Distributed Unit
Central Unit
Others
GLOBAL 5G RAN MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA