The global Radio Access Network (RAN) market stabilised in 2025 following two years of significant contraction, according to preliminary findings from Dell’Oro Group.
The research firm reported that fourth-quarter results reflected stronger than typical seasonal growth from the third to the fourth quarter, contributing to stable full-year revenue trends. This follows a period in which the RAN market declined by around 20% between 2022 and 2024.
Dell’Oro said the improved stability in 2025 marks a shift in market conditions, although the company has not materially changed its short-term outlook. The firm continues to expect the market to remain largely flat in 2026.
Stefan Pongratz, Vice President for RAN market research at Dell’Oro Group, attributed the stabilisation to a more favourable regional revenue mix, easier year-on-year comparisons and currency effects, including a weaker US dollar.
Vendor rankings remained unchanged in 2025. The top five RAN suppliers by global revenue were Huawei, Ericsson, Nokia, ZTE and Samsung.
However, the report noted shifts in vendor dynamics. Leading suppliers strengthened their relative positions, while smaller vendors adjusted strategies, resulting in increased market concentration. Dell’Oro said overall concentration, measured by the Herfindahl–Hirschman Index, reached a 10-year high in 2025.
By vendor performance, Huawei and Nokia gained share during the year, Ericsson and Samsung remained broadly stable, and ZTE’s RAN revenue share declined.
Looking ahead, Dell’Oro’s five-year forecast projects a compound annual growth rate of approximately 1% for the RAN market between 2025 and 2030. In the near term, the firm expects overall RAN revenue to remain stable in 2026.
