Product Code: RP-ID-10352259 |
Published Date: 21 Mar 2025 |
Region: Global |
Category: ICT & Telecom |
Report ID: 10352259
Market Overview:
Open Radio Access Network (O-RAN) Market Segmentation by Component (Hardware, Software, and Services); by Connectivity Technology (4G LTE, and 5G); by Deployment Location (Urban and Rural) and by End-Use Vertical (Automotive, Industrial, Public Infrastructure, Healthcare, Aerospace & Defense, Media & Entertainment, Financial Services, and Others)-Global Demand Analysis & Opportunity Outlook 2020-2028
Global Open Radio Access Network (O-RAN) Market Highlights Over 2020 - 2028
The global open radio access network (O-RAN) market is estimated to garner a revenue of USD 22500 Million by the end of 2028, by growing at a CAGR of 85% over the forecast period, i.e., 2020 – 2028. Moreover, in the year 2020, the market registered a value of USD 180 Million. The growth of the market can primarily be attributed to the growing demand for high-speed wireless internet services, backed by the surge in the number of internet users worldwide. According to the statistics by the International Telecommunication Union (ITU), 4 Billion people were using the internet by the end of 2019. Moreover, the demand for different types of online internet services along with the utilization of online internet applications, such as cloud-based streaming services, and virtual meeting applications, in recent years, is also expected to drive the growth of the market in the coming years. Apart from this, the increasing shift towards 5G network connectivity, which is estimated to cover almost half of the world by the end of 2025, is also expected to boost market growth.
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The concept of the open radio access network is aimed at benefitting RAN vendors, operators, and 3rd parties that are connected to the RAN infrastructure. Moreover, O-RAN also provides greater flexibility, allowing cellular network operators to operate earlier generations of network technology in the same infrastructure, without adding any additional equipment. Additionally, the infrastructure also supports the requirements of different rigorous 5G applications that demand higher performance, greater capacity, and enhanced latency.
Global Open Radio Access Network (O-RAN) Market Regional Synopsis
Regionally, the global open radio access network (O-RAN) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific is expected to garner the largest revenue of USD 8200 Million by the end of 2028, up from a revenue of USD 70 Million in the year 2020. The growth of the market in the region can primarily be attributed to the growing investments by the telecom operators in expanding their telecom services, backed by the surge in the number of mobile subscribers. For instance, the number of new mobile subscribers in the Asia Pacific is expected to reach close to 190 Million by the end of 2025. The market in the region is further segmented by country into Japan, South Korea, India, and the Rest of Asia Pacific. Out of these, the market in Japan is expected to garner the second-largest revenue of USD 1900 Million by the end of 2028, up from a revenue of USD 60 Million in the year 2020.
Growth Drivers and Challenges Impacting the Growth of the Global Open Radio Access Network (O-RAN) Market
Growth Drivers
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Low Upfront Cost of Deployment
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Surge in Adoption of 5G Technology
Challenges
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Complexities with System Integration
Global O-RAN Market Segmentation Synopsis
The global open radio access network (O-RAN) market is segmented by components into hardware, software, and services. Out of these, the hardware segment is expected to generate the largest revenue of USD 9990 Million by the end of 2028, up from a revenue of USD 101 Million in the year 2020. Based on connectivity technology, the market is segmented into 4G LTE and 5G, out of which, the 5G segment is expected to grow with the highest CAGR of 97% during the forecast period. Moreover, by deployment location, the market is segmented into urban, and rural. Out of these, the urban segment is expected to hold the highest market share by the end of 2028 and also grow with the highest CAGR of 86% during the forecast period. The market is further segmented by end-user vertical into automotive, industrial, public infrastructure, healthcare, aerospace & defense, media & entertainment, financial services, and others. Out of these, the industrial segment is projected to garner the second-largest revenue of USD 6800 Million by the end of 2028, up from a revenue of USD 48 Million in the year 2020.
Key Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global O-RAN market that are included in our report are Metaswitch Networks, Mavenir, NTT DOCOMO, INC., Sterlite Technologies Limited, Huawei Technologies Co., Ltd., Radisys Corporation, Casa Systems, VIAVI Solutions Inc., Parallel Wireless, Inc., NXP Semiconductors, and others. The report also includes key players who manufacture the radio units for O-RAN, namely Fujitsu Limited, NEC Corporation, Benetel Ltd., Comba Telecom Systems Holdings Ltd., and others. Further, players manufacturing fiber optics, wired & wireless components for O-RAN are ip.access Ltd., Altiostar, NTS Technology, and others.
Latest Developments in the Global Open Radio Access Network (O-RAN) Market:
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November 24th, 2021: Mavenir Systems, Inc. announced that its 4G Open RAN small cell for outdoor deployments is now available commercially for Communications Service Providers (CSPs) so as to expand their network capacity and coverage.
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August 3rd, 2021: Sterlite Technologies Limited announced that it has collaborated with Facebook Connectivity for designing and developing 4G and 5G radio products to help accelerate the commercial deployment of Open RAN. The collaboration is a part of the Evenstar program and is aimed at boosting 5G readiness for operators worldwide.
Key Reasons to Buy Our Report
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The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
- Metaswitch Networks
- Mavenir
- NTT DOCOMO, INC.
- Sterlite Technologies Limited
- Huawei Technologies Co., Ltd.
- Radisys Corporation
- Casa Systems
- VIAVI Solutions Inc.
- Parallel Wireless, Inc.
- NXP Semiconductors
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