Preliminary findings reveal that market conditions for radio access network (RAN) equipment continued to stabilize in the quarter, according to a new report from Dell’Oro Group. Following two years of steep declines, initial estimates show that total RAN revenues—including baseband, radio hardware, and software, excluding services—advanced for a third consecutive quarter outside of China in 2Q 2025.
“Our initial assessment confirms that the narrative we’ve been discussing for some time is now coming to fruition. Market conditions have continued to stabilize, resulting in growth for three consecutive quarters outside of China,” said Stefan Pongratz, Vice President of RAN market research at the Dell’Oro Group. “However, broader market sentiment remains subdued, and a rapid rebound is not anticipated. The industry acknowledges that short-term fluctuations are unlikely to alter the market’s generally flat long-term trajectory,” Pongratz added.
Additional highlights from the 2Q 2025 RAN report:
- Growth in Europe, as well as the Middle East and Africa, nearly offset declines in the Caribbean and Latin America, as well as the Asia Pacific region.
- RAN vendor dynamics are gradually shifting, driven by three major trends: the strong are getting stronger, laggards are not improving, and the market is becoming increasingly divided.
- Ericsson and Huawei together accounted for more than 60 percent of the 1H25 market in North America and China, respectively.
- The top 5 RAN suppliers, based on worldwide revenues for the trailing four quarters, are Huawei, Ericsson, Nokia, ZTE, and Samsung.
- The short-term outlook remains unchanged, with total RAN expected to stabilize in 2025.
