The RAN market declined for the sixth consecutive quarter in Q3 2024, with revenue down 10-20 percent year-over-year for the first nine months, Dell’Oro Group said.
Though conditions are improving, regional imbalances continue to challenge the RAN market, impacting investment priorities and budget allocations for operators.
Key factors influencing lower capex include tough comparisons, excess capacity, monetization issues, and capital expenditure fatigue. Operators are recalibrating RAN investments to align with historical capital intensity and RAN/capex ratios.
Top RAN suppliers worldwide are Huawei, Ericsson, Nokia, ZTE, and Samsung.
Excluding China, top RAN suppliers are Ericsson, Huawei, Nokia, Samsung, and ZTE.
Huawei and Ericsson saw gains in revenue share, while Nokia, Samsung, and ZTE lost some market share.
Growth projections for 2025 remain low, with a minor revenue increase expected due to growth in North America and APAC, excluding China. China’s RAN market is forecasted to continue declining into 2025.
These findings underscore ongoing challenges in the RAN market, with selective regional growth and continued supplier shifts.