According to a recently published report from Dell’Oro Group, a trusted source for market information about the telecommunications, security, networks, and data centre industries, preliminary findings reveal that after two years of steep declines, market conditions improved in the quarter.
Preliminary estimates show that worldwide Radio Access Network (RAN) revenue, excluding services, stabilised year-over-year, resulting in the first growth quarter since Q1 2023.
“We attribute the improved conditions to favourable regional mix and lighter comps, rather than a change to the fundamentals that shape this market,” said Stefan Pongratz, Vice President for RAN market research at the Dell’Oro Group. “While it is exciting that RAN came in as expected and the full year outlook remains on track, the message we have communicated for some time now has not changed. The RAN market is still growth-challenged as regional 5G coverage imbalances, slower data traffic growth, and monetisation challenges continue to weigh on the broader growth prospects.”
Additional highlights from the Q1 2025 RAN report:
- Strong growth in North America was enough to offset declines in CALA, China, and MEA
- The picture is less favourable outside of North America. RAN, excluding North America, recorded a fifth consecutive quarter of declines
- Revenue rankings did not change in Q1 2025. The top 5 RAN suppliers (4-Quarter Trailing) based on worldwide revenues are Huawei, Ericsson, Nokia, ZTE, and Samsung
- The top 5 RAN (4-Quarter Trailing) suppliers based on revenues outside of China are Ericsson, Nokia, Huawei, Samsung, and ZTE
- The short-term outlook is mostly unchanged, with total RAN expected to remain stable in 2025 and RAN outside of China growing at a modest pace
About the report
Dell’Oro Group’s RAN Quarterly Report offers a complete overview of the RAN industry, with tables covering manufacturers and market revenue for multiple RAN segments including 5G NR Sub-7GHz, 5G NR mmWave, LTE, macro base stations and radios, small cells, Massive MIMO, Open RAN, and vRAN. The report also tracks the RAN market by region and includes a four-quarter outlook.
