[342 Pages Report] The global demand for 5G RAN is expected to rise at a healthy CAGR of 28.7% during the years 2022 and 2032 to reach a net worth of US$ 34.2 billion in 2032, impacted by the following factors:
| Attributes | Details |
|---|---|
| Market Value in 2022 | US$ 2.7 Billion |
| Market Value in 2032 | US$ 34.2 Billion |
| Market CAGR (2022 to 2032) | 28.7% |
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The 5G RAN market is expected to witness robust growth in the Asia Pacific region during 2022-2032 on account of consumers' high demand and appetite for mobile broadband, initiating the region's participation in the digital economy.
Further, the regional growth can also be attributed to the relatively high presence of the young population in Asian countries compared to traditional markets like North America and Europe, leading to a greater willingness to adopt new technologies faster.
Further, the Asia Pacific is expected to witness robust activity to deploy 5G over satellite, providing impetus to regional growth. Additionally, the emergence of 5G is expected to boost the importance of satellites and result in new applications, such as the Internet of Things (IoT), network densification, and connected transportation.
5G technology, formally launched in India on 1st October 2022 by PM Narendra Modi, is in its first phase and is expected to reach only select customers. Cities such as Bengaluru, Delhi, Ahmedabad, Chandigarh, Chennai, Gandhinagar, Hyderabad, Gurugram, Jamnagar, Pune, Kolkata, Mumbai, and Lucknow, have been shortlisted for the first phase rollout. The next-gen network will become accessible to other, Tier-II and -III cities and villages.
Companies such as Nokia, Samsung, Bharti Airtel, and Ericsson have placed orders for 5G gears. The 5G RAN market is predicted to observe an upsurge in its uptake due to the ongoing infrastructural developments and vigorous attempts by the major broadband operators to enable accessibility to novel technology in the forecast period of 2022-2032.
Further, the 5G RAN market is predicted to witness healthy growth in the upcoming years due to the next-gen readiness key players like Samsung, which are strengthening their footprint in the major regions, such as North America and the Asia Pacific.
RANs have evolved significantly over the past years as cellular networking technology reaches 5G. Silicon chips in core network and cellular mobile devices complement the functionalities of RAN. Today, 5G RAN technology has the ability to support Massive Multiple Input Multiple Output (Massive MIMO) technology, multi-band carrier aggregation, vast spectrum bandwidths, and more.
Evolution of 5G RAN is estimated to have a great impact on the growth of wireless networking technologies, and is projected to accommodate network slicing and Mobile Edge Computing (MEC). 5G RAN technology is also likely to contribute to lowering latency which will make 5G technology even more powerful. Such advancements are expected to boost the demand for 5G RAN in a spiralling manner over the coming days.
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Wireless devices connect to cellular networks via Long Term Evolution (LTE) or 5G New Radio (NR) connectivity. Most transceivers or base stations are in connection via fibre backhaul to mobile core network. RANs provide radio communication access and assists coordinative network resources across all wireless devices.
Infrastructure has always been the top priority of countries with regards to strategic investments. The telecom sector across the world is rapidly growing with governments making huge investments in IT infrastructure. This trend is estimated to propel the adoption of 5G RAN across every regional market.
Strategic investments in telecom sector help governments harness the potential to create employment and drive economic growth of countries. Ongoing advancements in 5G technology have great potential to transform telecommunication industry vertical and enhance usage experience for end-users.
Many enterprises operating in the telecommunication industry across the globe are focusing on upgrading their existing networking infrastructure to 5G networking infrastructure. This can help such telecom service providers offer services with high performance and high speed connectivity. Thus, huge investments targeted at upgrading national telecom infrastructure is the key factor estimated to boost the adoption of 5G RAN technology during the forecast period.
RANs utilize radio wave transceivers to connect the device to the cloud infrastructure. With the growing adoption of cloud services across several end use sectors is anticipated to propel the adoption of 5G RAN services over the projected timeframe.
Deployment of 5G technology in key industry verticals, like Automotive, Transportation and Logistics, is estimated to boost the adoption of 5G RAN solutions and services. Government and public sector and healthcare industry verticals are also estimated to record a spike in adoption rates. However, the overall growth rate is estimated to carry on undeterred with consistent adoption of 5G RAN in the services sector.
5G RAN markets in North America and Europe are leading all other regional markets on a global level. 5G RAN markets in Latin America and Middle East and Africa region will be slower to gain traction during the forecast period, as LTE Advanced technology is still gaining diffusion in those regional markets.
The strong 5G RAN market share of 23.3% in North America may be attributed to high presence of 5G technology solutions and service providers in the region.
Due to the presence of significant technological firms throughout the area, North America is predicted to remain as a very promising market for 5G RAN market. Also, advancements in 5G technology for automotive and smart transportation are playing a key role in propelling 5G RAN market growth in North American economies.
During the projected period, the Asia Pacific region is expected to lead the 5G RAN market with its highest share of 30.4%.
5G RAN market in Southeast Asia Pacific region is projected to register a strong growth rate over the forecast period. This is due to the aggressive rollout of 5G infrastructure by a plethora of service providers in the region, having a big positive impact on market expansion. Moreover, initiatives and investments deployed by government organizations are also propelling the adoption of 5G technology, thus driving the 5G RAN market.
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At present in 5G RAN market, a few number of national, and international competitors have promptly extended the 5G technology and are actively competing making it somewhat consolidated. Further, in order to expand their service portfolios and capture a sizable portion of the market, industry participants have indeed been focused on inorganic expansion methods as well.
However, as per the 5G RAN market analysis by FMI, more and more number of telecom operators are very likely to get into the market soon making it highly fragmented. Moreover, new 5G RAN market participants or start-ups are consistently involved in R&D operations to create new items that would satisfy consumer needs and acquire them new client base.
Recent Developments in the Global 5G RAN Market
| Attributes | Details |
|---|---|
| Growth Rate | CAGR of 28.7% from 2022 to 2032. |
| Base year for Estimation | 2022 |
| Historical Data Available for | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis. |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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The 5G RAN market is anticipated to register a CAGR of 28.7% through 2032.
The 5G RAN market is estimated around US$ 2.7 Billion in 2022.
The 5G RAN market is poised to be valued at US$ 34.2 Billion by 2032.
The Asia Pacific region captures a share of 30.4% of the 5G RAN market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Infrastructure 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Infrastructure, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Infrastructure, 2022-2032 5.3.1. Distributed Antenna System 5.3.2. Pure RAN Equipment 5.3.3. Macro Cell Infrastructure 5.3.4. Small Cell Infrastructure 5.4. Y-o-Y Growth Trend Analysis By Infrastructure, 2017-2021 5.5. Absolute $ Opportunity Analysis By Infrastructure, 2022-2032 6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Spectrum 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Spectrum , 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Spectrum , 2022-2032 6.3.1. Time Division Duplex (TDD) 6.3.2. Frequency Division Duplex (TDD) 6.3.3. Others 6.4. Y-o-Y Growth Trend Analysis By Spectrum , 2017-2021 6.5. Absolute $ Opportunity Analysis By Spectrum , 2022-2032 7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Industry 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Industry, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Industry, 2022-2032 7.3.1. Time Division Duplex (TDD) 7.3.2. Frequency Division Duplex (FDD) 7.3.3. Others 7.4. Y-o-Y Growth Trend Analysis By Industry, 2017-2021 7.5. Absolute $ Opportunity Analysis By Industry, 2022-2032 8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021 8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Infrastructure 9.2.3. By Spectrum 9.2.4. By Industry 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Infrastructure 9.3.3. By Spectrum 9.3.4. By Industry 9.4. Key Takeaways 10. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Infrastructure 10.2.3. By Spectrum 10.2.4. By Industry 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Infrastructure 10.3.3. By Spectrum 10.3.4. By Industry 10.4. Key Takeaways 11. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. U.K. 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Infrastructure 11.2.3. By Spectrum 11.2.4. By Industry 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Infrastructure 11.3.3. By Spectrum 11.3.4. By Industry 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Malaysia 12.2.1.5. Singapore 12.2.1.6. Australia 12.2.1.7. New Zealand 12.2.1.8. Rest of APAC 12.2.2. By Infrastructure 12.2.3. By Spectrum 12.2.4. By Industry 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Infrastructure 12.3.3. By Spectrum 12.3.4. By Industry 12.4. Key Takeaways 13. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Infrastructure 13.2.3. By Spectrum 13.2.4. By Industry 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Infrastructure 13.3.3. By Spectrum 13.3.4. By Industry 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. U.S. 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Infrastructure 14.1.2.2. By Spectrum 14.1.2.3. By Industry 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Infrastructure 14.2.2.2. By Spectrum 14.2.2.3. By Industry 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Infrastructure 14.3.2.2. By Spectrum 14.3.2.3. By Industry 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Infrastructure 14.4.2.2. By Spectrum 14.4.2.3. By Industry 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Infrastructure 14.5.2.2. By Spectrum 14.5.2.3. By Industry 14.6. U.K. 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Infrastructure 14.6.2.2. By Spectrum 14.6.2.3. By Industry 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Infrastructure 14.7.2.2. By Spectrum 14.7.2.3. By Industry 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Infrastructure 14.8.2.2. By Spectrum 14.8.2.3. By Industry 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Infrastructure 14.9.2.2. By Spectrum 14.9.2.3. By Industry 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Infrastructure 14.10.2.2. By Spectrum 14.10.2.3. By Industry 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Infrastructure 14.11.2.2. By Spectrum 14.11.2.3. By Industry 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Infrastructure 14.12.2.2. By Spectrum 14.12.2.3. By Industry 14.13. Malaysia 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Infrastructure 14.13.2.2. By Spectrum 14.13.2.3. By Industry 14.14. Singapore 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Infrastructure 14.14.2.2. By Spectrum 14.14.2.3. By Industry 14.15. Australia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Infrastructure 14.15.2.2. By Spectrum 14.15.2.3. By Industry 14.16. New Zealand 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Infrastructure 14.16.2.2. By Spectrum 14.16.2.3. By Industry 14.17. GCC Countries 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Infrastructure 14.17.2.2. By Spectrum 14.17.2.3. By Industry 14.18. South Africa 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Infrastructure 14.18.2.2. By Spectrum 14.18.2.3. By Industry 14.19. Israel 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Infrastructure 14.19.2.2. By Spectrum 14.19.2.3. By Industry 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Infrastructure 15.3.3. By Spectrum 15.3.4. By Industry 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Nokia 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Telefonaktiebolaget LM Ericsson 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Huawei Technologies Co., Ltd 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. ZTE Corporation 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. NEC Corporation 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Cisco 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Qualcomm Technologies, Inc 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. SAMSUNG 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Intel 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. FUJITSU 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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