Microwave Equipment Market: Global Industry Analysis and Forecast (2023-2029)

Microwave Equipment Market was valued at US$ 4.81 Bn. in 2022. Microwave Equipment Market size is estimated to grow at a CAGR of 3.99% during the forecast period.
Microwave Equipment Market Overview:
Microwave technology is used for transmission of information with the help of microwave radio waves. Microwave is a key component of current backhaul networks, which is expected to evolve as a part of the future 5G ecosystem. In 4G/4.5G continuous development and expansion scenarios, microwave is expected to upgrade smoothly based on existing-network devices. Key players operating in the market are focusing on the reduction in the network construction cost and capacity expansion of the microwave with the CA function and modular antenna application.To know about the Research Methodology:- Request Free Sample Report

Major Key players are continuously focusing on moving from a leased backhaul model to a self-built model. It is one of the notable trends, which is expected to witness in the market to increase the microwave deployment. For instance, Huawei microwave equipment offers 20 Gbit/s capacity by using microwave technologies like CA (carrier aggregation), MIMO (multiple-input multiple-output technology), common microwave frequency band, and E-band realize dual-frequency microwave.
Microwave Equipment Market Dynamics:
An increase in number of installations of base station to offer better quality and experience on LTE networks, adoption of Ethernet, growth in the high-speed packet access (HSPA) network are some of the prominent factors behind the microwave equipment market growth. Many key companies are transitioning to high-speed packet access for faster data transfer speed, which is expected to increase the demand for microwave equipment in the near future.

The growth of the microwave equipment market is driven by high military & defense expenditure, increasing need for secure and fast communications. The high penetration of 5G and IoT infrastructure, requirement for effective and non-radioactive network efficiency and technological breakthroughs in microwave equipment are expected to boost the market. Despite the demand for microwave equipment in digital era, high development cost is expected to limit the market growth at global level. Inter technology competition and pricing pressure are some of the major challenges for key players in the microwave equipment market.
Microwave Equipment Market Segment Analysis:
Microwave technology has revolutionized a broad range of applications in manufacturing, automotive, aerospace, research, consumer electronics, semiconductors and medical. Also, Technology-based solutions are ingrained in a broad array of industries, which include public sector, retail, manufacturing, healthcare and others. Many of the target markets like automotive, machine tool and other manufacturing, communications and medical industries have adopted new technologies slowly. New developments in microwave technology have impacted strongly on single aspect in the manufacturing of devices and products, which are currently available on the market.

Based on the vertical, the microwave equipment market is segmented into BFSI, IT and Telecom, media and entertainment, public sector, retail, manufacturing, healthcare, others. Among these, IT & Telecom segment held the dominant position and is expected to continue its dominance during the forecast period. Microwave equipment is widely used for broadcasting and telecommunications transmissions because of their small wavelength. Microwave technology offers several benefits in the IT & telecom sector like no need to wireless communication, allow to access many numbers of channels, Low-cost land purchase and helps to carries high quantities of information because of their high operating frequencies. The continuous focus by mobile operators to increase the performance of their networks are expected to increase the demand for microwave equipment as preferred transmission medium of choice for mobile networks.
Microwave Equipment Market Regional Insights:
North America held the prominent market share in 2022 and is expected to reach US$ 1245.34 Mn by the end of 2029, with a CAGR of 4.55%. High adoption of microwave equipment in developed countries, deployment of effective 5G network services, presence of prominent key players in the region and well-developed IT & telecom sector and electronics industry are some of the prominent factors behind the market growth. However, Asia Pacific region is projected to be leading region in the global market during the forecast period. High presence of young population, rising development of cellular infrastructure across developing countries like Japan, Australia, India and China and expansion of the IT and Infrastructure are some of the factors, which are expected to drive the market growth.

The objective of the report is to present a comprehensive analysis of the global Microwave Equipment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Microwave Equipment Market dynamic, structure by analyzing the market segments and projecting the Microwave Equipment Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Microwave Equipment Market make the report investor’s guide.
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Microwave Equipment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US$ 4.81 Bn.


Forecast Period 2023 to 2029 CAGR:
3.99%
Market Size in 2029:
US$ 6.32 Bn.


 Segments Covered:
by Technology
• LTE
• HSPA/HSPA+
• Wimax
• Satellite
• Wireless Broadband


by Vertical
• Banking, Financial Services, and Insurance (BFSI)
• It and Telecom
• Media and Entertainment
• Public Sector
• Retail
• Manufacturing
• Healthcare
• Others


by End User
• Small & Medium Enterprise
• Large Enterprises



Microwave Equipment Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Microwave Equipment Market Key Players are:
• Radwin
• Cambium Networks
• Nokia Siemens Networks
• Huawei Technologies Co., Ltd.
• NEC Corporation
• Ericsson AB
• ZTE Corporation
• Dragonwave, Inc.
• Cisco
• Saf Technika
• Aviat Networks
• Ceragon Network Ltd.
• Exalt Communication
• Intracom Telecom
• Adtran
• Cambridge Broadband
• SIAE Microelettronica S.p.A
• Trango System
Frequently Asked Questions:
1] What segments are covered in the Microwave Equipment Market report?
Ans. The segments covered in the Microwave Equipment Market report are based on Technology, End User and Vertical.

2] Which region is expected to hold the highest share in the Microwave Equipment Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Microwave Equipment Market.

3] What is the market size of the Microwave Equipment Market by 2029?
Ans. The market size of the Microwave Equipment Market by 2029 is US$ 6.32 Bn.

4] What is the forecast period for the Microwave Equipment Market?
Ans. The forecast period for the Microwave Equipment Market is 2023-2029.

5] What was the market size of the Microwave Equipment Market in 2022?
Ans. The market size of the Microwave Equipment Market in 2022 was US$ 4.81 Bn.