Huawei and Ericsson Gain Market Share in 2024
REDWOOD CITY, Calif., March 5, 2025 -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, preliminary findings reveal that market conditions improved in the quarter, especially outside of China, but the broader state of the Radio Access Network (RAN) market is still underwhelming. With two consecutive years of steep declines, worldwide RAN is now down nearly $9 B in 2024 relative to the peak in 2021.
"It is not easy to put a positive spin on the fact that the RAN market just recorded the steepest full-year decline in more than 20 years," said Stefan Pongratz, Vice President for RAN market research at the Dell'Oro Group. "Regional coverage imbalances and monetization challenges are nothing new. What sets this downturn apart is the uncertainty surrounding the capacity upgrade cycle that typically comprises a significant part of the RAN market in the new technology post-peak rollout phase," continued Pongratz.
Additional highlights from the 4Q 2024 RAN report:
- Revenue rankings did not change in 2024. The top 5 RAN suppliers based on worldwide revenues are Huawei, Ericsson, Nokia, ZTE, and Samsung.
- The top 5 RAN suppliers based on revenues outside of China are Ericsson, Nokia, Huawei, Samsung, and ZTE.
- Revenue shares changed in 2024 – Huawei and Ericsson improved their revenue shares while Nokia, Samsung, and ZTE's RAN revenue shares fell.
- The fundamentals that shape the RAN market have not changed, and the long-term trajectory discussed in the most recent 5-year forecast still holds (0 percent CAGR over next five years).
- 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 as conditions in North America and APAC excluding China improve.
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-7 GHz, 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. To purchase this report, please contact us by email at dgsales@delloro.com.
Dell'Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, security, enterprise networks, and data center infrastructure markets. Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions. For more information, contact Dell'Oro Group at +1.650.622.9400 or visit https://www.delloro.com.
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