China Ran Intelligent Controller Market Size & Outlook
China ran intelligent controller market, 2017-2030 (US$M)
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China ran intelligent controller market highlights
- The China ran intelligent controller market generated a revenue of USD 33.7 million in 2023 and is expected to reach USD 1,121.0 million by 2030.
- The China market is expected to grow at a CAGR of 65% from 2024 to 2030.
- In terms of segment, platforms was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Ran intelligent controller market data book summary
| Market revenue in 2023 | USD 33.7 million |
| Market revenue in 2030 | USD 1,121.0 million |
| Growth rate | 65% (CAGR from 2023 to 2030) |
| Largest segment | Platforms |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platforms, Services |
| Key market players worldwide | Telefonaktiebolaget L M Ericsson ADR, Nokia Oyj, Huawei Technologies, ZTE Corp Class H, Samsung Electronics Co Ltd, Cisco Systems Inc, Juniper Networks Inc, Mavenir, Broadcom Inc, Viavi Solutions Inc |
Other key industry trends
- In terms of revenue, China accounted for 15.4% of the global ran intelligent controller market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ran intelligent controller market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 520.4 million by 2030.
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RAN Intelligent Controller Market Scope
RAN Intelligent Controller Market Companies
| Name | Profile | # Employees | HQ | Website |
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China ran intelligent controller market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ran intelligent controller market will help companies and investors design strategic landscapes.
Platforms was the largest segment with a revenue share of 65.58% in 2023. Horizon Databook has segmented the China ran intelligent controller market based on platforms, services covering the revenue growth of each sub-segment from 2017 to 2030.
The surge in 5G deployment and increasing mobile subscriber base are likely to propel the growth of the RAN intelligent controller market in China. The RAN intelligent controller market in China is dominated by domestic players such as Huawei Technologies Co., Ltd.; ZTE Corporation; and Datang Telecom Group, which are leading the development and deployment of RICs in the country.
These companies have extensive research and development capabilities and have been able to develop and deploy RIC solutions specifically tailored to the Chinese market. By automating RAN operations, service providers can reduce operational costs, enhance customer experience, and offer new revenue opportunities.
AI and ML are being adopted to manage and orchestrate various elements and domains within the RAN ecosystem to enable RAN automation. For instance, in 2021, China Mobile Limited announced a strategic partnership with Nokia to conduct two trials utilizing AI-powered RAN to detect potential issues and predict bandwidth requirements.
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Horizon Databook provides a detailed overview of country-level data and insights on the China ran intelligent controller market , including forecasts for subscribers. This country databook contains high-level insights into China ran intelligent controller market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China ran intelligent controller market size, by component, 2017-2030 (US$M)
China RAN Intelligent Controller Market Outlook Share, 2023 & 2030 (US$M)
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