The microwave transmission equipment market size is projected to reach US$ 6.82 billion by 2031 from US$ 3.88 billion in 2023. The market is expected to register a CAGR of 7.3% during 2023–2031. Enhanced security measures and integration with fiber networks are likely to remain a key trend in the market.
Microwave is a line-of-sight wireless communication technique that enables high-speed wireless connections with the ability to send and receive data, video, and phone calls using high-frequency radio wave beams. Deep space radio communications, satellite communications, and point-to-point communication systems on Earth all frequently use microwave radio transmission. Radars, radio navigation systems, sensor systems, and radio astronomy employ other portions of the microwave radio range.
Service providers are being compelled to increase their mobile backhaul capacity using both fiber/copper and wireless technologies due to the explosive growth in mobile data traffic that is being driven by 4G and 5G. Investments in 5G infrastructure are gaining momentum globally. Moreover, data traffic is on the rise; this necessitates the development of backhaul solutions involving microwave transmission equipment. This is driving the market growth.
5G aims to give users access to more than 100 Mbps anywhere, at any time. A 5G base station's average and peak bandwidths will be ten times higher than those of 4G networks, coming in at over 1 Gbps and 10 Gbps, respectively. The advancement of microwave technologies has led to a rise in microwave bandwidth from Mbps to Gbps. Microwave bandwidth will enable 10 Gbps as more innovative technologies are introduced, including multiple-input multiple-output (MIMO), carrier aggregation (CA), large-capacity E-band, and combining of common-band with E-band. This will fully cover the bandwidth requirements for 5G bearing. Over two million microwave devices have been installed globally. In the era of 5G, microwaves must make the most of their existing equipment by minimally replacing parts (such as boards and ODUs). In addition to safeguarding operators' initial investment, this expedites the development of 5G.
In December 2021, a significant advancement was made in the deployment and management of software-defined networking (SDN) for microwave networks by Ericsson and Telefónica Germany / O2. To enable the communication service provider (CSP) to deploy a vendor-agnostic SDN interface in their nationwide O2 network, Ericsson enabled its MINI-LINK microwave product portfolio in the O2 network. Thus there are opportunities in the market for the service providers to enhance network flexibility and scalability using SDN in microwave transmission.
Key segments that contributed to the derivation of the microwave transmission equipment market analysis are network technology, components, frequency band, mounting type, and application.
The geographic scope of the Microwave transmission equipment market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America holds a significant share of the microwave transmission equipment market in 2023. The region has a large number of 5G roll-out projects supporting the demand for microwave transmission equipment. Government support and initiatives in the region are strongly supporting the digital transformation in communication infrastructure, thus, driving the growth of the market in the region.
The regional trends and factors influencing the Microwave Transmission Equipment Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Microwave Transmission Equipment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 3.88 Billion |
| Market Size by 2031 | US$ 6.82 Billion |
| Global CAGR (2023 - 2031) | 7.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Network Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Microwave Transmission Equipment Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Microwave Transmission Equipment Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Microwave transmission equipment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Microwave transmission equipment market are listed below:
The “Microwave Transmission Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The Microwave transmission equipment market is expected to register a CAGR of 7.3% during 2023–2031
The Microwave transmission equipment market size is projected to reach US$ 6.82 billion by 2031
Enhanced security measures and integration with fiber networks are likely to remain key trends in the market.
NEC Corporation, Huawei Technologies Co., Ltd., Telefonaktiebolaget LM Ericsson, SIAE MICROELETTRONICA Group, Intracom Telecom, Nokia Corporation, Anritsu, Aviat Networks, Inc., and Ceragon Networks Ltd. are among the leading payers operating in the Microwave transmission equipment market.
Rising investments in 5G transmission and rising mobile data traffic are expected to drive the Microwave transmission equipment market.
North America dominated the Microwave transmission equipment market in 2023.