According to TrendForce's research, Chinese and European telecom equipment vendors still account for more than 70% of the global market share in 2021, with the top three players being Huawei (China) 30%, Ericsson (Sweden) 23%, and Nokia (Finland) 20%.

Although Huawei continues to be banned by the U.S. government, the market share is still dominant worldwide mainly because of its price advantage and the support of China's huge domestic market.