Huawei share increased in sinking global RAN market (Q3 2024)

Huawei is recording new growth in the global RAN market for the third quarter of this year. Despite the RAN sector’s significant decline in Q3 2024, the Chinese tech giant gained shares and continued to rise on home turf and overseas markets.

RAN market refers to the Radio Access Network platform. It is a high-end technology that aims to link devices to the internet and other key network sources.

A report by Dell’Oro shows that the worldwide RAN market continues to sink for the sixth consecutive quarter in Q3 2024. The overall revenue went down by 10 to 20 percent year-on-year in the past nine months.

Regardless of market situations, Huawei shares have increased in the Q3 2024 global RAN sector. The company has secured the first spot in the Chinese RAN market and came under the top three rankers in the worldwide RAN franchise.

Alongside Huawei, Ericsson is also seeing a gain in market share. These two are the only tech vendors to achieve positive growth in the RAN tech world in Q3 2024.

Other rankers are Samsung, Nokia, and ZTE. Although these companies have lost some shares in the global RAN market. Dell’Oro analysts say that several factors are impacting the RAN market conditions such as tougher comparisons, excess capacity, monetization challenges, and more.

The conditions are better than earlier. Although the major factor affecting the global RAN market is regional imbalances that continue to alter due to investment priorities. Budget limit among operators is another challenge in the RAN sector.

Dell’Oro believes that the worldwide RAN market could improve by the next year. However, there would be a low single-digit growth rate. North America and APAC may see a minor revenue increase in 2025 whereas, China may continue to decline.

Huawei share increased in sinking global RAN market for Q3 2024 (Image Credits: Huawei APAC)

(Via)