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. The growth in the market is majorly attributed to the rising shift towards IoT connectivity and the need for improved network performance such as reduced latency, high speed transmission with many others. Introduction of Wireless RAN was done in order to cope up or address the challenges of unlicensed spectrum requirements, referred to as Licensed Assisted Access (LAA), resulting in growth of Wireless RAN market size. The rising demand towards improving network coverage due to growth of various industry verticals as well as initiatives by telecom operators towards upgrading or advancing network communication infrastructure overtime can further drive forward the Wireless RAN industry in the long run.
Wireless RAN Market Segment Analysis – By Technology
Rising IoT growth along with increasing demands from telecommunication sector are some of the major factors fuelling the growth of Wireless RAN market, particularly 5G Technology at 52.1%. Moreover, high growth of consumer electronics sector and increasing mobile phone users are also helping in propelling the market demand towards 5G technology. The market growth is mainly driven by the factors including growing demand for enhanced mobile broadband services along with virtual networking architecture in telecom industry, growing investment in development of 5G, data transfer and machine to machine communication solutions. Apart from that, rising adoption of IoT and growing requirement for better digital ecosystem will accelerate the growth of the 5G multimode fiber transceivers industry. In addition, demand for high-speed connections, greater reliability and access to real time information also contribute towards the Wireless RAN market growth.
Wireless RAN Market Segment Analysis – By Vertical
Based on end-user industry, Wireless RAN market is segmented into Residential, Commercial, Industrial and others (government and public sectors, defence and others). The market for industrial sector is estimated to witness the highest market growth with a CAGR of 14.1%, during the forecast period 2021-2026. Growing demand for better M2M communication solutions along with increasing penetration of IoT across industries is one of the major factors fuelling this growth. In October 2020, The ETSI announces about the launch of a new version of DECT which supports massive machine type communication system and can be used in building automation, asset tracking, industry 4.0, condition monitoring and others. However, after the industrial sector, Commercial sector is set to witness significant amount of growth during 2021-2026. Especially, due to the out-break of COVID-19, the demand for healthcare services such as tele-medicine, remote patient monitoring, m-health and others, digital educational services, retail and e-commerce services and others is rising, resulting in high demand of better mobile broadband services, ultimately affecting the growth of 5G market positively during the forecast period. In May 2020, Stasis, Bangalore based Start-up company, had launched a cutting edge patient monitoring system that helps in managing the increased demand for wards by setting up isolation wards at the peak of covid-19. According to Ericsson Mobility report published in November 2020, India is estimated to have 350 million 5G subscriptions by 2026, which will represent 27% of the total mobile connections in the country.
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Wireless RAN Market Segment Analysis – By Geography
Asia Pacific is expected to have a major growth in the global Wireless RAN market during the forecast period from 2021 to 2026 at 36.5% share in 2020. High investments towards research and development activities along with the rising growth of consumer electronics sector have been fuelling the growth for Wireless RAN market in this region. Moreover, factors such as increasing smartphones user penetration and growing digitization have been also helping towards significant market growth for Wireless RANs. High spending towards 5G base stations infrastructure development majorly from Chinese mobile companies has been also impacting the market growth of Wireless RANs.
Wireless RAN Market Drivers
Changing Competitive Scenario
The lack of governmental action on Huawei and ZTE will lead to a more diversified market in Europe compared to North America. Despite lack of governmental action, a number of carriers in this region – Orange, Deutsch Telekom and BT among others – have pulled out of awarding Huawei Wireless RAN contracts. There is an increased preference for local players in this region, particularly France with Ciena (as well as small cell suppliers including Baicells) witnessing significant revenue growth in recent years. Issues with Nokia’s Wireless RAN equipment supply timelines as well as performance concerns could result in the company losing market presence in this region over the next few years.
Improved Governmental Approval Scenario
According to Government of Canada, all telecommunications equipment entering into Canada must meet the applicable Innovation, Science and Economic Development (ISED) technical standards and marking requirements in order to prevent radio communication interference, harm to the Canadian public telecommunications networks, and to ensure the safety of personnel working on telecommunications facilities and the safety of users. In 2019, BNetzA, the federal network agency of Germany had released rules that critical telecom equipment including wireless RAN equipment should only be used after scrutiny and certification overseen by Germany’s BSI federal cybersecurity. According to China Government, foreign-funded telecom companies can operate their businesses in China after the approval from China government, and the telecommunications regulations and other applicable laws and administrative regulations.
Wireless RAN Market Challenges
Ban on Chinese Players
According to the American Government, in U.S., the use of China telecom equipment has been banned after it was found spying and providing data to the Chinese communist government. The U.S Federal Communications Commission (FCC) had banned telecommunication companies in the U.S. from using Chinese equipment like next generation wireless networks. For instance, in 2019, the U.S. has banned using china based companies such as Huawei and ZTE equipment particularly wireless 5G equipment due to security concerns. This regulation affects Chinese trade of telecommunication equipment, thereby decreasing the market share of the Chinese telecom equipment companies. U.S. Federal Communications Commission (FCC) has mandated that the telecom equipment produced by U.S. manufacturers must meet the minimum compliance standards. Most electrical products are required to comply with the FCC’s Part 15 rules for unintentional RF emissions. This ensure products don’t emit RF noise that may interfere with other electrical devices or wireless communications. This mandating of meeting minimum standards for telecom equipment have been restricting the new players entering into the wireless RAN market.
Wireless RAN Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Wireless RAN market. Wireless RAN top companies include Ericsson, Huawei, Nokia, ZTE, Samsung, The ban of Chinese players in North America is set to significantly shake up the market. Samsung is projected to be a huge beneficiary in the shift to 5G although Nokia and Ericsson are set to witness increased demand as well
In February 2019, MaxLinear Inc. has announced launch of next generation quad RF transceivers named MxL1500 and MxL1600 for 5G wireless infrastructure. These transceivers help in providing high system integration, wide range of bandwidth, along with high performance and broad system flexibility. With lower power consumption capability, both transceivers create high deployments in wireless infrastructure radios.
In February 2019, Signal chip had announced the launch of semiconductor chips for 5G NR modems. The company introduced SCRF4502, a 2×2 transceiver, which was designed specifically for 5G NR standards. This transceiver was optimally designed to provide high performance with supporting the evolving network architectures.
There is a significant preference for local players in East Asian market with Huawei and ZTE dominating the market in China and Samsung emerging as a market leader in South Korea
Samsung is witnessing significant growth as the company has signed a number of agreements for 5G rollout in this region.
Nokia has witnessed a lot of rollover contracts in this region as its LTE customers have significantly expanded their relationship with the company through 5G contracts.
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