Microwave Transmission Equipment Market Size and CAGR by 2031
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 Transmission Equipment Market Analysis
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.
Microwave Transmission Equipment Market Overview
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.
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Microwave Transmission Equipment Market: Strategic Insights
Market Size Value in US$ 3,135.6 Million in 2020 Market Size Value by US$ 5,330.1 Million by 2028 Growth rate CAGR of 7.3% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Microwave Transmission Equipment Market: Strategic Insights
| Market Size Value in | US$ 3,135.6 Million in 2020 |
| Market Size Value by | US$ 5,330.1 Million by 2028 |
| Growth rate | CAGR of 7.3% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Microwave Transmission Equipment Market Drivers and Opportunities
Rising Investments in 5G Transmission to Favor the Market
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.
Application of SDN in Microwave Transmission
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.
Microwave Transmission Equipment Market Report Segmentation Analysis
Key segments that contributed to the derivation of the microwave transmission equipment market analysis are network technology, components, frequency band, mounting type, and application.
- Based on the network technology, the microwave transmission equipment market is divided into packet microwave, hybrid microwave, small-cell backhaul, and time division multiplexing. The packet microwave segment held the largest share in 2023.
- Based on the components, the market is divided into antennas, RF processing units, indoor units (IDU), outdoor units (ODU), and cables and connectors.
- Based on the frequency band, the market is divided into L band, S band, C band, X band, Ku band, Ka band, Q band, and others.
- Based on the mounting type, the market is divided into full-indoor, splitmount, and full-outdoor.
- Based on the application, the market is divided into navigation, cellular communication, radio telecommunication, satellite communication, radar, and broadband communication.
Microwave Transmission Equipment Market Share Analysis by Geography
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.
Microwave Transmission Equipment Market Report Scope
Microwave Transmission Equipment Market News and Recent Developments
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:
- NEC Corporation (NEC; TSE: 6701) announced today that it has entered into a definitive agreement with Aviat Networks, Inc. (Aviat; Nasdaq: AVNW), the leading expert in wireless transport and access solutions, to integrate its Wireless Transport Business with Aviat's in an asset purchase transaction valued at US$ 70.0 million U.S. dollars in cash and shares. (Source: NEC Corporation, Press Release, May 2023)
- Huawei launched its next-generation microwave MAGICSwave at the Mobile World Congress (MWC) 2023 Barcelona. MAGICSwave uses cross-generational innovations to help operators build simplified target networks that are better oriented to long-term 5G evolution as they optimize total cost of ownership (TCO) and smooth transport network evolution. (Source: Huawei Technologies Co., Ltd., Press Release, March 2023)
Microwave Transmission Equipment Market Report Coverage and Deliverables
The “Microwave Transmission Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Microwave transmission equipment market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Microwave transmission equipment market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Microwave transmission equipment market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Microwave transmission equipment market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Network Technology , Component , Frequency Band , Mounting Type , and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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