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Premium Report Details
Base Year: 2024
Companies covered: 20
Tables & Figures: 190
Countries covered: 23
Pages: 170
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Radio Access Network Market
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Radio Access Network Market Size
The global radio access network market was valued at USD 14.2 billion in 2024 and is estimated to register a CAGR of 5.2% between 2025 and 2034.
The rapid advancement of 5G technology is one of the primary driving factors of the RAN market. 5G technology is crucial in enabling smart cities, autonomous vehicles, and industry automation because it supports ultra-low latency, high-speed connectivity, and greater capacity. Governments and telecom operators are spending enormous amounts of money worldwide on 5G infrastructure which is increasing the need for advanced RAN solutions such as Open RAN and virtualized RAN. As per Statista, in 2023, share of 5G connections in North America was 53% and it is expected that it will be around 90% by 2030.
Mobile data traffic is on the rise due to increased smartphone penetration and heavy data applications such as streaming, gaming, and cloud computing. In addition, spread of IoT is escalating the necessity for connectivity in healthcare, transportation, and smart homes. Mobile service providers to aid the development and effectiveness of their RAN systems which leads to greater coverage and efficiency which results in demand for advanced mobile networks.
In October 2024 MasOrange, one of the leading Spanish telecom operators, announced a partnership with Ericsson to migrate their 5G network to Open RAN architecture. This initiative consists in the modification of around 10,000 sites, thereby enabling MasOrange to be the first telecom operator in Europe to implement this technology.
The O-RAN initiative is changing the RAN environment with multi-vendor integration and economical implementation. Like the O-RAN, it permits the use of equipment manufactured by other vendors, therefore decreasing dependence on proprietary systems. Also, vRAN allows for the migration of network functions to the cloud which enhances scalability and operational flexibility. The telecom and technology industries are pouring large amounts of money into these software-centric RAN systems, marking paradigm shift towards O-RAN.
Radio Access Network Market Trends
Radio Access Network Market Analysis
Based on technology, the market is divided into 2G RAN, 3G RAN, 4G LTE RAN and 5G RAN. In 4G LTE RAN segment held a market share of over 54% and is expected to cross USD 11.8 billion by 2034.
Based on the end user, the radio access network market is divided into telecom operators, enterprises, smart cities & public sector, defense & security and industrial & manufacturing. In the telecom operators segment, it dominated the market accounting for over USD 10 billion in 2024.
Based on infrastructure, the radio access network market is categorized into traditional RAN, cloud RAN, open RAN and virtualized RAN. The traditional RAN segment held a market share of 43% in 2024.
Based on frequency band, the radio access network market is divided into low band (Below 1 GHz), mid band (1-6 GHz) and high band (mmWave, 24 GHz and above). The high band segment is projected to grow fastest at the CAGR of 7% during the forecast period.
North America dominates the global radio access network market with a share of around 24% and U.S. leads the market in the region generating revenue of USD 2.92 billion in 2024.
The radio access network market in Germany is expected to experience significant and promising growth from 2025 to 2034.
The radio access network market in China is expected to experience significant and promising growth from 2025 to 2034.
Radio Access Network Market Share
Top 5 companies leading the radio access network industry in 2024 are Huawei, Ericsson, Nokia, ZTE, and Fujitsu. Together, they hold around 47% market share in the market.
Radio Access Network Market Companies
Major players operating in the radio access network industry include:
Radio Access Network Industry News
The radio access network market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) from 2021 to 2034, for the following segments:
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Market, By Technology
Market, By Infrastructure
Market, By Frequency Band
Market, By End Use
The above information is provided for the following regions and countries: