Radio Access Network Market Size 2022 Revenue Analysis Global Research Report By 2025
The growth graph of radio access network (RAN) market has been witnessing a considerable surge in the past few years, given that this technology carries the ability to meet the increasing connectivity demands globally. As industries become crucially dependent on RAN, focus on radio access components to improve throughput, capacity, spectral efficiency along power consumption has increased in the past few years.
Driven by the rapidly growing need for fast and reliable connectivity, manufacturers are constantly working towards increasing their limits to acknowledge efforts undertaken by the government and private authorities to improve internet penetration, such as the International Mobile Telecommunication Vision for 2020.
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According to reports, the global radio access network market size could cross USD 15 billion in terms of annual value by 2025. Enlisted below are some of the integral factors likely to influence the industry trends in the near future.
Rising use of smartphones
One of the main reasons supporting RAN deployment is the evident increase in the number of cellular subscribers worldwide. This has led to an increase in the data traffic over the conventional cellular network systems. Conventional telecom infrastructure is facing challenges with handling high data traffic, allowing telecom operators to adopt advanced RAN equipment. The growing use of IoT and BYOD trends is another major factor supporting the demand for radio access network technologies to offer improved network coverage in smart homes and offices.
Coronavirus and the internet
The novel coronavirus outbreak has amplified the dependence on internet solutions due to ‘work from home’ situations across major sectors of the economy, globally. Moreover, restrictions imposed by the governments brought about a temporary halt in the movement of people from one place to another with an aim to control the spread of the infection. This has bolstered the dependence on e-commerce to purchase groceries and other items. BT had reported that the U.K. recorded a 35% to 60% increase in daytime weekday broadband usage due to COVID-19 in May 2020.
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Asia Pacific telecom sector
Increasing investment in the telecom industry especially in developing nations like China and South Korea is positively influencing radio access network market size in the Asia Pacific region. For example, in June 2019, China Mobile had announced an investment of USD 4.4 billion to construct 50,000 5G base stations in the region before the end of 2019 to support the commercialization of 5G services.
High demand for macro cells
Macro cells have gained considerable demand as they are preferred by businesses to provide cellular coverage in larger regions. They provide strong cellular coverage in rural areas where the construction of telecom infrastructure is difficult and requires high investments. Leading telecom giants are joining hands with other IT companies to design LTE macro cell technologies.
CommAgility partnered with Aricent, an engineering company to develop LTE eNodeB solutions for network component providers in January 2019. This transaction has helped the firm to meet the changing network equipment needs to drive the development of the 5G network.
Constant technical developments
RAN companies are working to support the deployment of 5G services in various parts of the world. These organizations are partnering with major telecom giants to design robust radio access network solutions. In October 2020, U.S. based Qualcomm Technologies introduced three new 5G radio access network platforms at its 5G summit.
These novel technologies have been developed with an aim to enable infrastructure for equipment producers to change the public and private wireless networks into a platform for innovation and to offer the full potential of 5G, helping mobile operators transition easily to next-gen network infrastructure. Other market players include ZTE Corporation, Nokia Networks, Huawei Technologies Co. Ltd., NEC Corporation, and Samsung Electronics Co. Ltd., among various others.
Against the backdrop of expanding mobile penetration in both developed as well as developing countries, radio access network industry is slated to register notable gains due to the constantly growing need for the internet in parallel with economic development. The Internet has gained extreme dependency in crucial industries like healthcare, military and defense, aerospace, and IT.
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