According to a new report, published by KBV research, The Global 5G Radio Access Network Market size is expected to reach $65.68 billion by 2031, rising at a market growth of 18.0% CAGR during the forecast period.
The Outdoor segment captured the maximum revenue in the Global 5G Radio Access Network Market by Deployment in 2023, thereby, achieving a market value of $39 billion by 2031. This segment's dominance is primarily driven by the need for widespread coverage and the ability to provide high-speed, low-latency connectivity across large areas. Outdoor deployments are essential for telecom operators to ensure seamless 5G services in urban and rural regions, supporting applications such as autonomous driving, smart cities, and large-scale IoT networks.
The Hardware segment is experiencing a CAGR of 17.7 % during the forecast period. This dominance is attributed to the substantial investment in and deployment of 5G infrastructure, including base stations, antennas, and other critical hardware components required to establish high-speed, low latency 5G networks. The hardware segment's significant share reflects the ongoing efforts by telecom operators and equipment manufacturers to upgrade and expand their network capabilities to support the next generation of mobile connectivity.
The CRAN segment led the maximum revenue in the Global 5G Radio Access Network Market by Architecture Type in 2023, thereby, achieving a market value of $23.7 billion by 2031. CRAN architecture is a centralized approach to managing and controlling the radio access network (RAN). It involves consolidating baseband processing functions in a centralized location, which helps reduce operational costs and improve network efficiency. This architecture allows for greater flexibility and scalability in deploying 5G networks, reducing the need for physical infrastructure at each cell site.
The Telecom Operators segment is growing at a CAGR of 17.6 % during the forecast period. This dominance is due to the significant investments made by telecom operators in expanding 5G networks to provide enhanced connectivity, faster speeds, and reliable services to consumers and businesses. Telecom companies are the primary drivers of 5G deployment, as they manage and operate the infrastructure necessary to offer 5G services.
Full Report: https://www.kbvresearch.com/5g-radio-access-network-market/
The North America region dominated the Global 5G Radio Access Network Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $17.6 billion by 2031. The Europe region is anticipated to grow at a CAGR of 17.8% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 18.2% during (2024 - 2031).
By Deployment
By Component
By Architecture Type
By End Use
By Geography
Unique Offerings 
