Mobile Fronthaul Market size to grow by USD 6,492.05 million from 2022 to 2027|Growth driven by rise in the adoption of mobile computing devices - Technavio
NEW YORK, July 20, 2023 /PRNewswire/ -- The mobile fronthaul market size is set to grow by USD 6,492.05 million from 2022 to 2027. The growth momentum will be progressing at a CAGR of 19.14% during the forecast period, according to Technavio. The mobile fronthaul market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Broadcom Inc., Capgemini Service SAS, Ciena Corp., Cisco Systems Inc., EXFO Inc., Fujitsu Ltd., Huawei Technologies Co. Ltd., Infinera Corp., LS Networks, MACOM Technology Solutions Holdings Inc., NEC Corp., Nokia Corp., Omnitron Systems Technology Inc., Telefonaktiebolaget LM Ericsson, and ZTE Corp. are some of the major market participants -. To know about the vendor offerings - Request a sample report
Mobile Fronthaul Market 2023-2027: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The mobile fronthaul market report covers the following areas:
The mobile fronthaul market is fragmented, and the degree of fragmentation will accelerate. The growth of mobile computing devices will offer immense growth opportunities. However, the interference in cell sites will hamper the market growth.
Mobile Fronthaul Market 2023-2027: Drivers & Challenges
The increase in the adoption of mobile computing devices drives the mobile fronthaul market growth during the forecast period. After the launch of Ericsson R380, the first smartphone in 2000, there has been rapid growth in the global smartphone market. As the upgrade cycles of smartphones are very short, they have developed into devices with phone, computer, and camera capabilities. As a result, there is an increasing requirement for higher bandwidths like 4G due to the growing capabilities of smartphones which enable faster internet speeds in comparison to previous generation technologies like 3G and 2G. Some of the key advanced technologies which are being implemented in these technologies include haptics, gesture recognition, facial recognition, heart rate monitoring, and global positioning system. Hence, the implementation of such technologies is expected to drive the mobile fronthaul market growth during the forecast period.
The launch of mobile fronthaul solutions such as eCPRI and C-RAN by different companies is the primary trend shaping the mobile fronthaul market during the forecast period. There is increasing implementation of 5G services by several telecom companies to enhance their service capabilities. It is estimated that 5G services will be introduced in different regions over the next few years. The 5G technology is mainly designed and developed to offer high bandwidth with low latency in order to have a seamless internet experience for its users. As per the current scenario, several network providers are implementing 5G in order to have a competitive edge in the market, which could inspire them to focus on C-RAN investments in the following years. Therefore, the increasing demand for 5G is expected to fuel the demand for C-RAN network solutions and services, which, in turn, is expected to drive the mobile fronthaul market growth during the forecast period.
Interference in cellular networks is a significant challenge that can hinder market growth during the forecast period. One of the main common RAN problems is cellular network interference. The main factor for the interference at cell sites is because of the enhanced conductivity of passive devices such as cables, connectors, and antennas. As a result, this internal interference can lead to intermodulation signals in similar frequency bands as mobile transmitters. One of the main cost-effective approaches to improve Long Term Evolution (LTE) and Universal Mobile Telecommunications System (UMTS) capacity without bidding for a new spectrum is Refarming. As cellular technology scales up to LTE, carriers are utilizing frequency refarming to provide higher data rates to mobile devices while supporting technologies such as Global System for Mobile Communications (GSM) and Broadband Code Division Multiple Access (WCMDA). Hence, such cellular interference can negatively impact the market, which, in turn, will hinder the mobile fronthaul market growth during the forecast period.
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Mobile Fronthaul Market 2023-2027: Segment Analysis
Mobile Fronthaul Market 2023-2027: Segmentation Highlights
The market share growth by the telecommunications segment is significant during the forecast period. One of the main sources of information in the global mobile fronthaul market is networking. The emergence of mobile fronthaul has led to high-speed connectivity between devices delivering 4G and 5G and wireless connectivity with cloud databases. Due to the rise in data demand, there is a significant increase in network traffic which in turn encouraged the network operations to meet the rising demand. The main benefit of mobile fronthaul is that it facilitates wireless communication networks, including 4G and 5G networks and the Internet of Things (IoT). The key advantages of mobile fronthaul include allowing reliable network connectivity by utilizing fiber optic connections to deliver connectivity with low idle times and high data transfer rates. Hence, such benefits are expected to drive the mobile fronthaul market growth during the forecast period.
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report
Mobile Fronthaul Market 2023-2027: Key Highlights
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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