The increased focus on research & development activities by important businesses, is expected to drive market expansion in the near future at a CAGR of 19.50% during the forecast period 2023 to 2032

’Market Research Future (MRFR) has published a “Global 5G Radio Access Network Market”

MRFR recognizes the following companies as the key players in the global 5G Radio Access Network market—Telefonaktiebolaget LM Ericsson; Qualcomm Technologies, Inc.; Nokia; Intel Corporation; Samsung; Verizon; Cisco Systems, Inc.; Huawei Technologies Co., Ltd.; VMware, Inc.; Rakuten Symphony Singapore Pte. Ltd

5G Radio Access Network Market Highlights

The global 5G Radio Access Network market is accounted to register a CAGR of 19.50% during the forecast period and is estimated to reach USD 65.59 billion by 2032.

A radio connection is used to link devices to an additional portion of the network by use of a radio access network, or RAN. A key component of wireless telecommunication, the RAN has grown in significance over the generations of mobile networking that have led to 5G. Depending on the core network and capacity, it has an antenna and a base station that covers a particular area and includes a RAN controller. Using radio access technology, RAN is used in computers, mobile phones, and other wireless devices to send sound, messages, and information. RAN aids in providing connectivity with its core networks.

Some of the reasons driving the market expansion include the rising need for low latency bandwidth connections and the increased focus on research & development activities by important businesses. Additionally, the market is expected to develop due to the widespread deployment of a 5G radio access network (RAN) with numerous small cells and macrocell base stations throughout the projected period.

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Segment Analysis

The global 5G Radio Access Network market has been segmented based Component, Architecture Type and Deployment.

On the basis of Component, the market is segmented into hardware, software, and services. The hardware segment was attributed to holding the largest market share in 2022.

Based on gasifier Architecture Type, the global 5G Radio Access Network market has been segmented into CRAN, ORAN, and VRAN. The CRAN segment was expected to hold the largest market share in 2022.

Based on Deployment, the global 5G Radio Access Network market has been segmented into indoor and outdoor. The outdoor segment was expected to hold the largest market share in 2022.

Based on End user, the global 5G Radio Access Network market has been segmented into telecom operators and enterprises. The telecom operators segment was expected to hold the largest market share in 2022.

Regional Analysis

The global 5G Radio Access Network market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe 5G Radio Access Network market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The 5G Radio Access Network market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World 5G Radio Access Network market comprises of Middle East, Africa, and Latin America.

The largest market share for 5G Radio Access Network was maintained by the Asia Pacific regional sector. The growth is a result of the presence of several businesses, such as Samsung and Huawei Technologies Co., Ltd., as well as a significant amount of investments that are predicted to be used to build automated factories in the region. Additionally, large expenditures to get a 5G spectrum in crucial countries like South Korea, China, India, Australia, and Japan are projected to support regional growth.

Moreover, the Europe market has been persistently growing over the forecast period. The region's potential for large investments and corporate growth is drawing more and more important industry players to it. In order to support the expanding number of devices connected with cutting-edge technologies like the Internet of Things (IoT) and machine-to-machine communication, faster connections, robust governmental initiatives, and continuous projects are required.

Additionally, North America greatly expanded its market share in 2022. With a well-established 5G infrastructure and a sizable research and development base, the region will be able to control the global market in terms of revenue for the projected period of time. A strong 5G infrastructure has made it possible for modern 5G technologies to be adopted more quickly, and significant government investments in 5G rollouts and deployments have facilitated the widespread adoption of 5G RAN in the United States and Canada.

Furthermore, the rest of the world's 5G Radio Access Network market is divided into the Middle East, Africa, and Latin America. The 5G Radio Access Network (RAN) market in Latin America, Middle East, and Africa (LATEM and MEA) is still in the early stages of deployment, with most countries still rolling out 4G networks. However, there were some significant developments in the region, such as the commercial launch of 5G services in South Africa, the United Arab Emirates, and Saudi Arabia.

Key Findings of the Study

• The global 5G Radio Access Network market is expected to reach USD 65.59 billion by 2032, at a CAGR of 19.50% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market due to presence of several businesses, such as Samsung and Huawei Technologies Co., Ltd., as well as a significant amount of investments that are predicted to be used to build automated factories in the region


• Based on Deployment, the outdoor segment was attributed to holding the largest market in 2022, with an approximate market share of 56.54%.


• Telefonaktiebolaget LM Ericsson; Qualcomm Technologies, Inc.; Nokia; Intel Corporation; Samsung; Verizon; Cisco Systems, Inc.; Huawei Technologies Co., Ltd.; VMware, Inc.; Rakuten Symphony Singapore Pte. Ltd