The report of global Microwave Equipment market by Technology (LTE, HSPA/HSPA+, Wimax, Satellite, Wireless Broadband), End-use (Small & Medium Enterprise, Large Enterprises), Vertical (Banking, Financial Services, and Insurance (BFSI), It and Telecom, Media and Entertainment, Public Sector, Retail, Manufacturing, Healthcare, Others), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during a forecast period.
Microwave technology is used for transmission of information by microwave radio waves. The global microwave equipment market is driven by the upsurge in the adoption of Ethernet and growing demand from It & Telecom and aerospace sectors. The rising number of base station installations for providing better quality services than LTE networks and development in the High-Speed Packet Access (HSPA) will impel market growth in the upcoming period. However, the high development cost may restrain the market growth at the global level. Inter technology competition and pricing pressure are the major challenges for key players in the microwave equipment market.
IT & telecom segment is expected to grow at the highest XX% CAGR during the forecast period.
In 2019, the IT & telecom segment has dominated the microwave equipment market and is estimated to grow at a CAGR of XX% during the forecast period. Microwave equipment is utilized for broadcasting and telecommunications transmissions owing to their small wavelength. Microwave technology provides several benefits in the IT & telecom sector such as no requirement of cable connection, allow to access many numbers of channels, low-cost land purchase, and it carries high quantities of information because of their high operating frequencies.
The North America dominated the Microwave Equipment market in 2019.
In 2019, North America held the XX% share of the Microwave Equipment market and is expected to maintain its dominance during the forecast period owing to the presence of several players in the region. Early adoption of innovative technology and well developed IT & telecom sector, as well as the electronics industry, will propel the microwave equipment market growth in North America. In terms of value and volume Asia Pacific market growth is estimated at a CAGR of XX% during the forecast period. Japan and China are the leading manufacturing countries, which manufacture electronics and IT & telecom products in the region.
Key players operating the global Microwave Equipment market 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, and Trango System.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Microwave Equipment Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Microwave Equipment Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Microwave Equipment Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Microwave Equipment Market.”
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