The Europe 5G Radio Access Network Market would witness market growth of 17.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 5G Radio Access Network Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,788.1 million by 2031. The UK market is exhibiting a CAGR of 17.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 18.7% during (2024 - 2031).
5G networks are designed to connect billions of Internet of Things (IoT) devices, making Massive Machine-Type Communications (Mmtc) an essential application. 5G RAN supports IoT ecosystems across agriculture, manufacturing, and healthcare industries by enabling low-power, wide-area communications. Applications such as smart cities, smart homes, connected vehicles, and industrial automation rely on the extensive deployment of 5G RAN infrastructure to facilitate seamless connectivity among IoT devices.
Many industries are adopting private 5G networks to meet the specific needs of their operations. Enterprises across sectors like manufacturing, logistics, and energy are turning to private 5G networks offering secure, high-performance connectivity. These networks allow for greater control over communication infrastructure, enabling real-time data processing and enhanced operational efficiency in sectors that demand high throughput and reliability.
The rapid advancement of high-tech industries and the increasing demand for cutting-edge telecommunications infrastructure drive the global expansion of the 5G radio access network market. With its significant investments in high-tech production, Europe is at the forefront of this technological growth. According to Eurostat, the sold production of high-tech products in the European Union (EU) reached €355 billion in 2022, marking a significant 10.2% growth compared to the previous year (€322 billion in 2021). Over the past decade, there has been an average annual increase of 2.6% in high-tech production, rising from €275 billion in 2012. This continuous growth reflects Europe's robust technological advancements and commitment to maintaining a competitive edge in the global high-tech sector. Therefore, Europe's continuous growth of high-tech production significantly impacts this market.
Free Valuable Insights: The Global 5G Radio Access Network Market will Hit USD 65.68 Billion by 2031, at a CAGR of 18.0%
Based on Deployment, the market is segmented into Outdoor and Indoor. Based on Component, the market is segmented into Hardware (Antennas [MIMO, Beamforming, and Other Antennas Type], Radio Units, Baseband Units, and Other Hardware Types), Software, and Services (Professional Services, Managed Services, and Consulting Services [Planning & Design Services, Integration & Validation Services, Deployment Services, and Optimization & Performance Improvement Services]). Based on Architecture Type, the market is segmented into CRAN, ORAN, and VRAN. Based on End Use, the market is segmented into Telecom Operators and Enterprises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Deployment
By Component
By Architecture Type
By End Use
By Country
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