5G RAN Market Emerges as Key Driver: Projections Show a 28.7% CAGR, Reaching US$ 34.2 Billion by 2032

The global 5G RAN market is expected to grow at a healthy 28.7% CAGR between 2022 and 2032, reaching a net worth of US$ 34.2 billion in 2032.

Cellular devices utilize radio waves in order to communicate. These devices convert the user’s voice and mobile data into digitalized signals sent as radio waves. Radio Access Networks (RANs) are implemented to ensure the proper functioning of cellular devices and connect them to networks or the Internet.

RANs utilize radio wave transceivers to connect the device to the cloud infrastructure. Most transceivers or base stations are in connection via fiber backhaul to the mobile core network. RANs provide radio communication access and assist coordinative network resources across all wireless devices.

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Wireless devices connect to cellular networks via Long Term Evolution (LTE) or 5G New Radio (NR) connectivity. Silicon chips in core networks and cellular mobile devices complement the functionalities of RAN.

RANs have evolved significantly over the past years as cellular networking technology reaches 5G. 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.

The 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.

5G RAN Market Dynamics:

Infrastructure has always been the top priority of countries with regard to strategic investments. The telecom sector is rapidly growing with governments making huge investments in IT infrastructure. National governments and public organizations are making huge investments in the betterment of national telecom infrastructures. This trend is estimated to propel the adoption of 5G RAN across every regional market.

Strategic investments in the telecom sector help governments harness the potential to create employment and drive the economic growth of countries. Ongoing advancements in 5G technology have great potential to transform the telecommunication industry vertical and enhance the 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 will help such telecom service providers offer services with high performance and high-speed connectivity.

Thus, huge investments targeted at upgrading national telecom infrastructure are the key factor estimated to boost the adoption of 5G RAN technology during the forecast period.

Recent Developments in the Global 5G RAN Market

  • In Aug 2022, India conducted the largest 5G spectrum sale and allocated bandwidths worth US$ 18.9 Billion to several telecom operators in the region. This development is expected to immensely favour the adoption of 5G RAN technologies and services in India and adjacent economies.
  • Telecoms.com, a news and research website for the telecom sector, said in November 2020 that operators in the Asia Pacific region are expected to spend over US$ 400 billion on 5G infrastructure and over US$ 300 billion on 5G deployment between the years 2020 and 2025.

Key Players Of The 5G RAN Market:

  • Nokia
  • Telefonaktiebolaget LM Ericsson
  • Huawei Technologies Co., Ltd.
  • Verizon; ZTE Corporation
  • NEC Corporation
  • Cisco
  • Qualcomm Technologies, Inc.
  • Intel

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5G RAN Market Segmentation:

By Component:

  • Hardware
  • Software
  • Services

By Infrastructure:

  • Distributed Antenna System (DAS)
  • Pure RAN Equipment
  • Macro Cell Infrastructure
  • Small Cell Infrastructure

By Spectrum:

  • Time Division Duplex (TDD)
  • Frequency Division Duplex (FDD)
  • Others

By Industry:

  • Telecom Operators
  • Other Enterprises

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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