RAN revenues witnessed a second consecutive quarter of steep declines in 3Q 2023, primarily driven by reduced RAN investments in North America, according to Dell’Oro, following the 40-50% increase between 2017 and 2021,

If America was excluded, worldwide RAN revenues would have recorded a third consecutive quarter of growth.

“This remarkable RAN/capex decline in the US market is partially offset by more favorable conditions elsewhere,” says Dell’Oro vp Stefan Pongratz.

The positive trends are the  5G ramp in India and investment in the Middle East and Africa.

 

Mobile Broadband (MBB) investments remain fairly elevated relative to pre-5G levels in most of the advanced 5G markets with the exception of North America.

The top RAN suppliers in 3Q 2023 include Huawei, Ericsson, Nokia, ZTE, and Samsung with Ericsson and Nokia gaining revenue share outside of North America.

The RAN market, having peaked in 2021, is on track to decline in 2023 and 2024. While the pace of the decline is expected to moderate in 2024, conditions will remain challenging as the pendulum swings towards the negative in India.