The Latin America, Middle East and Africa 5G Radio Access Network Market would witness market growth of 20.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $1,782.3 million by 2031. The Argentina market is showcasing a CAGR of 21.8% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 20.1% during (2024 - 2031).
Various industries are adopting 5G RAN to enable applications that require higher speeds, greater reliability, and lower latency. For example, the demand for connected and autonomous vehicles drives the demand for high-performance 5G RAN infrastructure in the automotive sector. Telemedicine and remote healthcare applications increasingly rely on 5G networks in the healthcare sector. Additionally, sectors such as smart cities, industrial IoT, and smart manufacturing are leveraging 5G RAN to enhance operational efficiency, automation, and data-driven decision-making.
The uses of 5G RAN are vast, covering a broad spectrum of industries and applications. 5G RAN plays a pivotal role in the development of smart cities. With the ability to support many connected devices and provide high-speed, low-latency connectivity, 5G enables the integration of technologies such as smart traffic management, connected infrastructure, and smart grids. This helps improve the efficiency of urban services, reduce traffic congestion, optimize energy usage, and enhance residents' overall quality of life.
The UAE has made significant strides in embracing smart city initiatives and artificial intelligence, positioning itself as a leader in technological innovation. The Smart Cities & Artificial Intelligence Plan (2018-2022) aims to manage infrastructure using Information and Internet of Things (IoT) technology, enhancing the efficiency and sustainability of urban environments. Also, Brazil is emerging as a major player in the global telecommunications landscape, with a significant focus on connected devices and smartphone adoption. According to the International Trade Administration (ITA), Brazil's connected devices could reach 27.1 billion by 2025. This massive increase in connected devices underscores the growing need for robust and scalable network infrastructure to manage the data traffic and connectivity demands. Furthermore, Brazil is projected to be among the largest markets in the world for smartphones, with approximately 200 million connections by 2025. Hence, the advancements in smart city initiatives, AI, and the proliferation of connected devices in the UAE and Brazil are significantly impacting the growth of the 5G radio access network market.
Free Valuable Insights: The Worldwide 5G Radio Access Network Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Deployment
By Component
By Architecture Type
By End Use
By Country
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