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Global 5G Radio Access Network Market to reach USD 42.57 billion by the end of 2030.

Global 5G Radio Access Network Market Size Study & Forecast, by Component (Hardware, Software, Services), By Architecture Type (CRAN, ORAN, VRAN), By Deployment (Indoor, Outdoor), By End-user (Telecom Operators, Enterprises), and Regional Analysis, 2023-2030

Product Code: ICTICTI-33744072
Publish Date: 29-02-2024
Page: 200

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:
Ø 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.
Ø 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.
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Architecture Type, Deployment, End-user, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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:

By Architecture Type:

By Deployment:

By End-user:
Telecom Operators

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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 Rapid proliferation of Industry 4.0 and the Internet of Things (IoT) Extensive deployment of 5G radio access networks (RAN)
3.1.2. Market Challenges High infrastructure costs Rise in security and privacy of data on 5G networks
3.1.3. Market Opportunities Rise in technological advancements in radio access technologies 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 Component breakdown estimates & forecasts, 2020-2030 Architecture Type breakdown estimates & forecasts, 2020-2030 Deployment breakdown estimates & forecasts, 2020-2030 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 Key Information Overview Financial (Subject to Data Availability) Product Summary 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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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