The global 5G RAN market is expected to grow at a healthy 28.7% CAGR between 2022 and 2032. The market will reach a net worth of USD 2.7 Billion in 2022 and USD 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.
- SAMSUNG
- Intel
- FUJITSU
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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
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