PUBLISHER: The Business Research Company | PRODUCT CODE: 1730862
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730862
Fifth-generation (5G) radio access networks play a crucial role in linking user devices to the core network. They enable high-speed data transfer, extremely low latency, and better connectivity for a wide variety of devices. These networks are essential in providing the enhanced bandwidth and reliability that 5G promises.
The primary components of 5G radio access networks include hardware, software, and services. Hardware consists of physical elements such as antennas, base stations, and small cells, which facilitate ultra-fast wireless communication. The network supports different architectural models, such as centralized radio access network (CRAN), open radio access network (ORAN), and virtualized radio access network (VRAN), catering to both indoor and outdoor deployments. These networks serve a diverse range of users, including telecom operators and businesses.
The fifth-generation (5G) radio access networks market research report is one of a series of new reports from The Business Research Company that provides fifth-generation (5G) radio access networks market statistics, including the fifth-generation (5G) radio access networks industry global market size, regional shares, competitors with the fifth-generation (5G) radio access networks market share, detailed fifth-generation (5G) radio access networks market segments, market trends, and opportunities, and any further data you may need to thrive in the fifth-generation (5G) radio access networks industry. This fifth-generation (5G) radio access networks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The fifth-generation (5G) radio access networks market size has grown exponentially in recent years. It will grow from $19.33 billion in 2024 to $23.58 billion in 2025 at a compound annual growth rate (CAGR) of 22.0%. The growth observed in the past can be attributed to several factors, including the growing demand for faster data speeds, the global expansion of connectivity, the increasing virtualization and cloudification of networks, heightened competition among telecom operators, and the widespread adoption of Massive MIMO (Multiple Input, Multiple Output) technology.
The fifth-generation (5G) radio access networks market size is expected to see exponential growth in the next few years. It will grow to $51.58 billion in 2029 at a compound annual growth rate (CAGR) of 21.6%. The growth projected for the forecast period can be attributed to several key factors, such as the rising demand for enhanced mobile broadband (eMBB), greater adoption of 5G for enterprise and industrial applications, increasing need for network slicing and customization, a stronger focus on sustainability and green networks, and the growing integration of non-terrestrial networks (NTN). Key trends during this period include the advancement of cloud-native RAN (Cloud RAN), further integration of NTN, wider adoption of 5G technology, the evolution of open RAN (Open Radio Access Network), and the expansion of small cells and dense networks.
The growing demand for high-speed internet is set to drive the expansion of the fifth-generation (5G) radio access networks market in the coming years. High-speed internet enables fast data transfer, allowing for quick downloads, seamless streaming, and efficient browsing with minimal buffering or delays. This demand is rising due to the increasing dependence on reliable digital connectivity for communication, accessing information, and ensuring the smooth operation of various online services in daily life. High-speed internet significantly boosts the performance of 5G radio access networks by enhancing data transmission speeds, reducing latency, expanding network capacity, ensuring dependable connectivity, and supporting advanced applications such as the Internet of Things (IoT), autonomous systems, and high-definition streaming. For example, in January 2023, Ookla reported that fixed broadband speeds in the U.S. increased by at least 28%, while mobile speeds grew nearly 17% from November 2021 to November 2022. As a result, the increasing demand for high-speed internet is a key driver of growth in the 5G radio access networks market.
Leading companies in the 5G radio access networks market are focusing on developing advanced commercial 5G radio access network (RAN) platforms. These platforms, which combine both hardware and software solutions, enable mobile operators to deploy, manage, and enhance 5G networks, ensuring high-speed performance, low latency, and the ability to connect large numbers of devices. In November 2024, Viettel, a telecom company based in Vietnam, launched its Open Radio Access Network (O-RAN) 5G network, the first of its kind to utilize Qualcomm Technologies' 5G RAN platforms. This significant milestone solidifies Viettel's role as a key player in the O-RAN community, making it one of the largest carriers to introduce a commercial O-RAN network. The network will feature equipment developed by Viettel itself and will cover over 300 sites across Vietnamese provinces by early 2025, with further expansion plans. The collaboration with Qualcomm aims to provide cost-effective, high-quality 5G solutions while fostering a sustainable vendor ecosystem.
In June 2022, Qualcomm Technologies, a U.S.-based leader in next-generation wireless technologies, acquired Cellwize Wireless Technologies Pte. Ltd. for an undisclosed amount. This acquisition is designed to accelerate the adoption of 5G technology and strengthen Qualcomm's position in the 5G radio access networks (RAN) sector. Cellwize specializes in Open RAN automation and orchestration solutions, which help mobile network operators manage and optimize their 5G networks efficiently.
Major players in the fifth-generation (5G) radio access networks market are Samsung Electronics Co. Ltd., Verizon Communications Inc., Huawei Technologies Co. Ltd., Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, NEC Corporation, ZTE Corporation, TE Connectivity, Corning Inc., Juniper Networks Inc., Arm Limited, Mavenir, Comba Telecom Systems Holdings Limited, Comarch SA, Parallel Wireless, Rakuten Symphony Singapore Pte. Ltd.
Asia-Pacific was the largest region in the fifth-generation (5G) radio access networks market in 2024. The regions covered in fifth-generation (5G) radio access networks report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the fifth-generation (5G) radio access networks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fifth-generation (5G) radio access networks market consists of revenues earned by entities providing services such as planning and deployment services, network optimization services, and managed services. The market value includes the value of related goods sold by the service provider or included within the service offering. The 5G radio access network market also includes sales of AI and automation software, baseband processing unit (BBU), and radio units (RU). Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fifth Generation (5G) Radio Access Network Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fifth generation (5g) radio access network market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fifth generation (5g) radio access network ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fifth generation (5g) radio access network market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.