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

  • Product Code:
    RP-ID-10352259
  • Published Date:
    10 Jan 2022
  • Region:
    Global
  • Pages:
    163
  • Category:
    ICT & Telecom
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

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Market Overview:

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 type of online internet services along the utilization of online internet applications, such as cloud-based streaming services, and virtual meeting applications, in the 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 the market growth.

 

Open Radio Access Network (O-RAN) Market Graph

 

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The concept of 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 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

  • Low Upfront Cost of Deployment

  • Surge in Adoption of 5G Technology

Challenges

  • 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:

  • 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.

  • 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

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • 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.


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.

FREQUENTLY ASKED QUESTIONS

1.      Market Definition

1.1.  Definition

1.2.Market Segmentation

1.3.Assumptions

2.    Research Methodology

2.1.Research Objective

2.2.                    Research Process

2.3.                    Secondary Research

2.4.                    Market Size Estimation

2.5.                     Primary Research

2.5.1.  Open Radio Access Network (O-RAN) Manufacturers

2.5.2. Automotive Workshops

3.    Executive Summary – Global Open Radio Access Network (O-RAN) Market

4.    Regulatory & Standards Landscape

5.     Analysis of Market Dynamics

5.1. Drivers

5.2.                     Restraints

5.3.                     Opportunities

5.4.                     Trends

6.    COVID-19 Impact Analysis on the Global Open Radio Access Network (O-RAN) Market

7.     Technological Assessment of Open Radio Access Network (O-RAN) Market

8.    Analysis of Internet Connected Devices Across the Globe

8.1.Coverage of 5G Network

8.2.                    Adoption of 5G Network

8.3.                    Market Share of 2G, 3G, 4G, and 5G Network

9.    Analysis on the Telecom Operator Investments in Open Radio Access Network (O-RAN)

10.            Analysis on Telecom Operator Using O-RAN Network

11.  Study on Parent Market Trends & Its Impact

12.Evaluation on the Impact of 5G Networks on the Market

13.Study on Network Deployment Strategies

14.Market Development Analysis

15. Price Trend Analysis

16.Study on Number of Mobile Network Subscriptions

17. Insights on Potential Vendors of O-RAN Components in Global Market

18.Use Case Analysis

19.Global Open Radio Access Network (O-RAN) Market

19.1.                  Global Open Radio Access Network (O-RAN) Market Segmentation by:

19.1.1.                       Component

19.1.1.1.     Hardware, 2020-2028 (in USD Million)

19.1.1.2.   Software, 2020-2028 (in USD Million)

19.1.1.3.   Services, 2020-2028 (in USD Million)

19.1.2.                      Connectivity Technology

19.1.2.1.   4G LTE, 2020-2028 (in USD Million)

19.1.2.2.  5G, 2020-2028 (in USD Million)

19.1.3.                      Deployment Location

19.1.3.1.   Urban, 2020-2028 (in USD Million)

19.1.3.2.  Rural, 2020-2028 (in USD Million)

19.1.4.                      End Use Vertical

19.1.4.1.   Automotive, 2020-2028 (in USD Million)

19.1.4.2.  Industrial, 2020-2028 (in USD Million)

19.1.4.3.  Public Infrastructure, 2020-2028 (in USD Million)

19.1.4.4.  Healthcare, 2020-2028 (in USD Million)

19.1.4.5.  Aerospace & Defense, 2020-2028 (in USD Million)

19.1.4.6.  Media and Entertainment, 2020-2028 (in USD Million)

19.1.4.7.  Financial Services, 2020-2028 (in USD Million)

19.1.4.8.  Others, 2020-2028 (in USD Million)

19.1.5.                      Region

19.1.5.1.    North America, 2020-2028 (in USD Million)

19.1.5.2.  Europe, 2020-2028 (in USD Million)

19.1.5.3.  Asia Pacific, 2020-2028 (in USD Million)

19.1.5.4.  Latin America, 2020-2028 (in USD Million)

19.1.5.5.   Middle East & Africa, 2020-2028 (in USD Million)

20.          North America Open Radio Access Network (O-RAN) Market

20.1.                Market Segmentation by:

20.1.1.                     Country

20.1.1.1.   United States, 2020-2028 (in USD Million)

20.1.1.2. Canada, 2020-2028 (in USD Million)

21.Europe Open Radio Access Network (O-RAN) Market

21.1.                  Market Segmentation by:

21.1.1.                       Country

21.1.1.1.     Germany, 2020-2028 (in USD Million)

21.1.1.2.   United Kingdom, 2020-2028 (in USD Million)

21.1.1.3.   Rest of Europe, 2020-2028 (in USD Million)

22.           Asia Pacific Open Radio Access Network (O-RAN) Market

22.1.                Market Segmentation by:

22.1.1.                      Country

22.1.1.1.   Japan, 2020-2028 (in USD Million)

22.1.1.2.  South Korea, 2020-2028 (in USD Million)

22.1.1.3.  India, 2020-2028 (in USD Million)

22.1.1.4.  Rest of Asia Pacific, 2020-2028 (in USD Million)

23.           Latin America Open Radio Access Network (O-RAN) Market

23.1.                Market Segmentation by:

23.1.1.                      Country

23.1.1.1.   Brazil, 2020-2028 (in USD Million)

23.1.1.2.  Rest of Latin America, 2020-2028 (in USD Million)

24.           Middle East & Africa Open Radio Access Network (O-RAN) Market

24.1.                Market Segmentation by:

24.1.1.                      Country

24.1.1.1.   Saudi Arabia, 2020-2028 (in USD Million)

24.1.1.2.  South Africa, 2020-2028 (in USD Million)

24.1.1.3.  Rest of Middle East & Africa, 2020-2028 (in USD Million)

25.           Competitive Landscape

25.1.                 Metaswitch Networks

25.2.               Mavenir

25.3.               NTT DOCOMO, INC.

25.4.               Sterlite Technologies Limited

25.5.                Huawei Technologies Co., Ltd.

25.6.               Radisys Corporation

25.7.                Casa Systems

25.8.               VIAVI Solutions Inc.

25.9.               Parallel Wireless, Inc.

25.10.           NXP Semiconductors

26.           Competitive Landscape by Component

26.1.                Baseband Unit

26.2.               Radio Unit

26.3.               Fiber Optics, Wired and Wireless Components Market

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  1. Metaswitch Networks
  2. Mavenir
  3. NTT DOCOMO, INC.
  4. Sterlite Technologies Limited
  5. Huawei Technologies Co., Ltd.
  6. Radisys Corporation
  7. Casa Systems
  8. VIAVI Solutions Inc.
  9. Parallel Wireless, Inc.
  10. NXP Semiconductors
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