The North America 5G Radio Access Network Market would witness market growth of 17.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $12,787.5 million by 2031. The Canada market is experiencing a CAGR of 17.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 18.1% during (2024 - 2031).
This market represents a critical component in the rapidly evolving telecommunication industry, driven by the ongoing rollout of 5G technology. The transition from 4G to 5G has marked a significant technological leap, promising faster speeds, lower latency, and enhanced connectivity. A key part of this transformation is the network, which enables the connection between user devices and the core network.
Furthermore, the 5G radio access network (RAN) is designed to support various applications across various sectors by providing ultra-high-speed connectivity, low latency, and support for many connected devices. The most visible and widespread application of 5G RAN is the provision of enhanced mobile broadband. With 5G, consumers are experiencing speeds far exceeding those offered by 4G networks, supporting bandwidth-intensive applications such as 4K and 8K video streaming, immersive virtual reality (VR) and augmented reality (AR) experiences, and ultra-high-definition gaming.
Canada's telecommunication sector has seen remarkable advancements, particularly in the accessibility and adoption of high-speed networks. As of 2022, 99.5% of Canadians had access to LTE networks, while 91.3% had access to 5G networks. This widespread availability of advanced network infrastructure underscores Canada's commitment to providing cutting-edge telecommunications services to its population. Furthermore, Mexico's telecommunications sector has consistently outpaced the overall economy's growth, driven by the rapid expansion of mobile telephones, broadband services, and broadcasting. In 2022, Mexico had over 130 million active wireless lines, with more than 113 million having internet access. The number of active wireless lines is expected to surpass 138 million by the end of 2023, indicating a robust growth trajectory. This significant increase in wireless lines and internet accessibility highlights Mexico's growing demand for advanced telecommunication services. Thus, the advancements in the telecommunication sectors of Canada and Mexico are pivotal in driving the growth of this market.
Free Valuable Insights: The 5G Radio Access Network Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
By Deployment
By Component
By Architecture Type
By End Use
By Country
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