5G NR RAN Market Size, Share, Opportunities, And Trends By Technology (Massive MIMO, Non-Massive MIMO), By Spectrum Band (Sub-6 GHz, MmWave), By Architecture (Centralized RAN, Virtual RAN, Open RAN), By Deployment (Standalone, Non-Standalone), And By Geography - Forecasts From 2025 To 2030

The 5G NR RAN market is expected to grow at a CAGR of 15.38% from US$35.079 billion in 2025 to US$71.720 billion by 2030.

Some of the factors driving the global 5G NR RAN market growth include key organizations placing more emphasis on research and development activities and the growing demand for low-latency bandwidth connections. Additionally, the market will grow during the forecast period due to the strong deployment of a 5G radio access network (RAN) with numerous small cells and macrocell base stations worldwide.

To lower overall infrastructure costs and network complexity, mobile network operators (MNOs) and network service providers are rapidly adopting centralized RAN and virtual RAN (VRAN). Additionally, the RAN allows businesses and mobile network providers using private 4G or private 5G to provide network-slicing solutions. These solutions allocate resources to specific businesses so that they can divide network usage within a public mobile network. Due to users' preference for 5G RAN solutions and technological advancements, the industry is growing at an incredible rate.

Further, the industry participants are forming strategic alliances and working together to expand the market for their goods and services and their availability across a range of geographies. For instance, in June 2023, Intel Corporation announced their strategic agreement with Telefonaktiebolaget LM Ericsson and Hewlett Packard Enterprise Development LP. The companies planned to utilize Intel vRAN Boost technology to demonstrate Ericsson’s Cloud RAN solution on 4th generation Intel Xeon Scalable processors.

What are the drivers of the 5G NR RAN market?

• Booming 5G Deployment

The rise in popularity of modern communication networks has resulted in a faster pace of enabling 5G technology deployment with a growing demand for high-speed bandwidth. Large countries are making investments in network construction and are starting the necessary plans. As a result, rising expenditures for 5G technology are also evident. In October 2023, the Minister of Innovation, Science and Industry, as a way of supporting 5G deployment in rural areas, announced “The Spectrum Outlook 2023 to 2027”. Meanwhile, the 3800 MHz auction took place in October 2023 as expected, marking it as the third to enable 5G.

In 2028, 5G is expected to outpace other forms of mobile access technologies in terms of subscriptions. Nearly 5.6 billion subscriptions are projected by 2029, which will represent 60% of all mobile subscriptions. Projections show that North America will account for approximately 90% of 5G penetration by 2029; while Gulf Cooperation Council (GCC) will rank second at 89% and Western Europe will occupy the third spot at 86%.

Moreover, NR RAN helps manage resources across radio locations and offers low latency with seamless connectivity, mobility, and optimal network security. The growing 5G deployment is expected to increase demand for RANs. Thus, it creates a connection between the user's devices, like laptops and smartphones, and the main network, eliminating superfluous network complexity that would slow down internet speed.

• Advancements in Technology

Technological advancements are further driving the 5G NR RAN market ahead. Major innovations such as massive MIMO, beamforming, and carrier aggregation are significantly expanding network capacity and coverage in dense areas in urban regions. Network slicing, which will be achieved through 5G NR RAN, offers operators opportunities to create varied network slices for applications ranging from IoT to AR/VR. Edge computing enables reduced latency and real-time applications based on 5G NR RAN.

In addition, AI and ML algorithms are further enhancing the performance of the network and automating tasks. Cloud-native technologies are further driving the adoption of 5G NR RAN, thereby offering flexible and scalable network deployments. Such technological advancements are together pushing the demand for 5G NR RAN solutions since they allow operators to offer better network performance, innovative services, and operational efficiency.

In addition, AI and ML algorithms are further enhancing the performance of the network and automating tasks. Cloud-native technologies are further driving the adoption of 5G NR RAN, thereby offering flexible and scalable network deployments. Such technological advancements are together pushing the demand for 5G NR RAN solutions since they allow operators to offer better network performance, innovative services, and operational efficiency.

The 5G NR RAN market is segmented into three regions worldwide:

Geography-wise, the market of 5G NR RAN is divided into the Americas, Europe Middle East and Africa, and Asia Pacific. The increasing demand for modern communication networks and high-speed bandwidth are major reasons for boosting the market in the projected period. Additionally, the rising investment in the 5G technology market is expected to boost the market growth. For instance, in September 2023, the U.S. National Science Foundation (NSF) announced an investment of US$25 million in advanced technologies and communication to operate securely through 5G networks.

Strategic partnership and collaboration among the 5G NR RAN players in the United States NR RAN market are expected to propel the market growth in the projected period. For instance, in December 2023, AT&T, headquartered in Dallas, Texas, collaborated with Ericsson to accelerate open and interoperable RAN in the United States. This collaboration aims at building a more robust ecosystem of network infrastructure providers, and suppliers. This project could roughly cost around US$14 billion over the 5-year term.

Additionally, the growing 5G deployment is a major market driver, as NR RAN helps provide low latency with smooth mobility, connectivity, and ultimate network security. For instance, according to the Cellular Telephone Industries Association (CTIA), in 2022, there were nearly 162 million active 5G devices which was almost double compared to 2021. 5G devices make up 1/3 of the total connections in the US, and by 2028, 91% of the total wireless connections are expected to be 5G. Hence, such increasing 5G penetration in the country is expected to positively impact the 5G NR RAN market in the projected period.

5G NR RAN Market Key Developments:

• In November 2024, At the "5G Open RAN Connect" conference, Viettel announced the availability of its Open RAN (O-RAN) 5G Network, which hosts key equipment developed in-house. It's the world's first O-RAN 5G network using the Qualcomm Technologies' 5G RAN platforms. Vietnam-based Viettel will deploy over 300 sites across many provinces by early 2025 and expects thousands more throughout 2025 and beyond based on expansion plans nationwide and overseas. This makes Viettel one of the most vocal advocates in the O-RAN community and one of the largest carriers to bring commercial O-RAN networks.
• In February 2024, Mavenir, the leader in transforming networks into clouds, announced new developments on its OpenBeam massive MIMO (mMIMO) portfolio, powered by the Qualcomm QRU100 5G RAN platform, as a continuation to the product launch update that has been done in previous years. The company has further expanded the OpenBeam portfolio with the low-power next-generation 32TRX mMIMO variant alongside a high-power 32TRX AAU.

5G NR RAN Market Scope:

 

Report Metric	Details
5G NR RAN Market Size in 2025	US$35.079 billion
5G NR RAN Market Size in 2030	US$71.720 billion
Growth Rate	CAGR of 15.38%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Technology Spectrum Band Architecture Deployment Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in 5G NR RAN Market	Fujitsu Samsung Cisco NEC Corporation Airspan
Customization Scope	Free report customization with purchase

The 5G NR RAN market is segmented and analyzed as follows:

• By Technology
  • Massive MIMO
  • Non-Massive MIMO
• By Spectrum Band
  • Sub-6-Ghz
  • mmWave
• By Architecture
  • Centralized RAN
  • Virtual RAN
  • Open RAN
• By Deployment
  • Standalone
  • Non-Standalone
• By Geography
  • Americas
    • By Technology
    • By Spectrum Band
    • By Architecture
    • By Deployment
    • By Country
      • United States
      • Others
  • Europe, Middle East and Africa
    • By Technology
    • By Spectrum Band
    • By Architecture
    • By Deployment
    • By Country
      • Germany
      • United Kingdom
      • Others
  • Asia Pacific
    • By Technology
    • By Spectrum Band
    • By Architecture
    • By Deployment
    • By Country
      • China
      • Japan
      • South Korea
      • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. GOVERNMENT REGULATIONS/POLICIES

6. 5G NR RAN MARKET BY TECHNOLOGY

6.1. Introduction

6.2. Massive MIMO

6.3. Non-Massive MIMO

7. 5G NR RAN MARKET BY SPECTRUM BAND

7.1. Introduction

7.2. Sub-6-Ghz

7.3. mmWave

8. 5G NR RAN MARKET BY ARCHITECTURE

8.1. Introduction

8.2. Centralized RAN

8.3. Virtual RAN

8.4. Open RAN

9. 5G NR RAN MARKET BY DEPLOYMENT

9.1. Introduction

9.2. Standalone

9.3. Non-Standalone

10. 5G NR RAN MARKET BY GEOGRAPHY

10.1. Introduction

10.2. Americas

10.2.1. By Technology

10.2.2. By Spectrum Band

10.2.3. By Architecture

10.2.4. By Deployment

10.2.5. By Country

10.2.5.1. United States

10.2.5.2. Others

10.3. Europe, Middle East and Africa

10.3.1. By Technology

10.3.2. By Spectrum Band

10.3.3. By Architecture

10.3.4. By Deployment

10.3.5. By Country

10.3.5.1. Germany

10.3.5.2. United Kingdom

10.3.5.3. Others

10.4. Asia Pacific

10.4.1. By Technology

10.4.2. By Spectrum Band

10.4.3. By Architecture

10.4.4. By Deployment

10.4.5. By Country

10.4.5.1. China

10.4.5.2. Japan 

10.4.5.3. South Korea

10.4.5.4. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

12. COMPANY PROFILES

12.1. Fujitsu

12.2. Samsung

12.3. Telefonaktiebolaget LM Ericsson

12.4. Huawei Technologies Co., Ltd.

12.5. Qualcomm Technologies

12.6. Nokia

12.7. Mavenir (Mitel Networks Corporation)

12.8. Cisco

12.9. NEC Corporation

12.10. Airspan

12.11. Intel

12.12. Verizon

12.13. Rakuten Symphony Singapore Pte. Ltd.

12.14. Broadcom 

Fujitsu

Samsung

Telefonaktiebolaget LM Ericsson

Huawei Technologies Co., Ltd.

Qualcomm Technologies

Nokia

Mavenir (Mitel Networks Corporation)

Cisco

NEC Corporation

Airspan

Intel

Verizon

Rakuten Symphony Singapore Pte. Ltd.

Broadcom