Growing demand for 5G, Government initiatives and increasing investments on deployment of Wireless RAN is set to boost the demand of Wireless RAN market during the forecast period 2021-2026. Global Wireless RAN Market is analyzed to grow at a CAGR of 8.6% during the forecast 2021-2026 to reach $31.6 billion. Wireless RAN can be referred as the LTE core network technology which focuses on offering cost-effective high bit rate and peak data rates coupled with optimum performance levels. Huawei and ZTE continue to be major players in Africa, with regards to LTE and 5G deployment and maintenance. Nokia is focusing significantly on this area along with APAC region as part of its expansion process. Companies such as Ertisalat and MTN operating across multiple countries in this region have showcased increased preference for multi-country deals focused on the complete region and thus companies such as Huawei and ZTE have focused on securing these contracts - i.e, MTN’s Southern Africa LTE and 5G contracts with ZTE and Ertisalat’s North Africa 5G deployment contract with Huawei. China Unicom is one of the major carrier companies in China. Recently, in January 2020, the company has partnered with Ranplan which is an innovative wireless technology company that has developed the world’s only solution that can plan, design and optimize in building wireless networks. In 2019, China Unicom and China Telecom made an agreement in order to build a 5G mobile network, with the main goal of reducing costs. This is poise provide ample opportunities for wireless telecom equipment including wireless RAN.
Rising technological growth has been acting as a major driver towards booming the market growth for Wireless RAN. Due to growing smart phone penetration, there are higher demands towards high performance and much faster network delivery, thus boosting the market growth of Wireless RAN Rising digitization and mobile traffic have been also helping in propelling the market demands. Moreover, usage of Wireless RAN helps in increasing the market growth of electronic devices, causing higher consumer satisfaction. Technological growth such as IoT and many others are also helping the consumer electronics sector to provide customers with high data speeds, low latency and much more reliable communication network, thus promoting the growth for Wireless RAN market.
Rising deployments of 5G has been growing prior to its high demands across various industry verticals. Designing of 5G architecture and interfaces has been acting as a major challenge, thus hampering the market growth. As the chip designers faces difficulty while designing such Wireless RAN infrastructure due to balancing of compact size, weight as well as power consumption capabilities, thus restraining the market growth. Moreover, designing such devices in order to offer high performance within lower costs also causes design complexity issues. Such factors are eventually causing lesser adoption from the manufacturers, thus slowing down the market growth for Wireless RAN.
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Wireless RAN Market Growth Drivers:
Growing telecom industry demands:
The rising demand from telecommunication industry towards Wireless RAN has been acting as a major growth driver for causing significant market growth. With growing technological advancements towards 5G technologies, telecom sector has been causing high demands in the Wireless RAN market. Rising investments towards constructing advanced telecom base stations and exchanges using such Wireless RANs is also propelling the market growth. Moreover, usage of Wireless RAN in industrial instruments such as radio systems, modems and many others for providing high performance and efficiency has been causing huge dominance in the market. As per sources from Chinese press, the Chinese government had announced that the Chinese mobile operators have been planning to deploy over 600,000 base stations by the end of 2020. Such growing developments towards 5G infrastructure from developed countries is also expected to boost the market growth for Wireless RAN in near future.
The Major Players in this Market Include
Major players in Wireless RAN include Nokia, Huawei, Ericsson, Samsung, ZTE among others. Wireless RAN market has been consolidating with major five companies Ericsson AB, Huawei Technologies Co., Ltd, Nokia, Samsung, and ZTE Corporation. These five companies almost contribute 95% to 98% share in wireless RAN market. As there are high entry and exit barriers such as regulations, high capital investment equipment, entry of startups into wireless RAN market is very less. High research and development activities, lack of fundings from investors, technological advancements such as shift from C-RAN to V-RAN and V-RAN to Open-RAN have also been restricting the new players entering into the market.
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