Dell’Oro Group reports mostly stable radio access network market in third quarter 2025

According to Dell’Oro Group's recent report, Radio Access Network (RAN) revenue showed stability in the third quarter of 2025, with flat results outside China and growth when excluding North America. This information is relevant for enterprise and technical decision-makers monitoring telecommunications infrastructure investments.

Market Overview

The RAN sector experienced stable market conditions in 3Q 2025 after two years of decline. Growth in Europe, Middle East, and Africa (EMEA) nearly compensated for decreases in North America and the Asia Pacific regions.

Key Findings

The top five RAN suppliers by worldwide revenue in the first three quarters of 2025 were Huawei, Ericsson, Nokia, ZTE, and Samsung. Market concentration increased slightly, with these suppliers accounting for 96 percent of the market, compared to 95 percent in 2024.

Huawei and Ericsson improved their global RAN revenue shares for the period, while Huawei and Nokia's revenue shares showed gains outside North America. The short-term outlook anticipates a mostly stable RAN market through 2026.

Forecast or Analyst Outlook

Stefan Pongratz, Vice President of RAN market research at Dell’Oro Group, stated, “The nearly stable results for the 1Q25-3Q25 period bolster the flat growth thesis we have communicated for some time, reflecting the current state of the 5G network.” He added, “While near-term RAN expectations remain muted, some of the leading RAN suppliers are still cautiously optimistic that more investments are needed over the long-term to ensure the networks evolve from a connectivity pipe into an intelligence grid.”

This analysis highlights ongoing market stability and the cautious stance of major suppliers toward future investment needs.

About the Report

Dell’Oro Group’s RAN Quarterly Report provides comprehensive data on the telecommunications industry, covering segments including 5G New Radio (NR), Long Term Evolution (LTE), macro base stations, small cells, Massive Multiple-Input Multiple-Output (MIMO), Open RAN (ORAN), and virtual RAN. The report also offers regional market tracking and a four-quarter outlook.

Users interested in detailed data for commercial or planning purposes can obtain the report through Dell’Oro Group.

Overall, the findings indicate a stable RAN market with modest shifts in supplier shares and sustained expectations for near-term market performance. This Analyst Signals brief reflects a neutral, fact-based summary of the original research note.