Microwave Transmission Equipment Market to See 3.38% CAGR to 2022, According to M&M Report Published at MarketPublishers.com
06 Dec 2016 • by Natalie Aster
LONDON – The market for microwave transmission equipment is set to grow at 3.38% CAGR in the offing, from a value of USD 5.07 billion in 2016 to amount to USD 6.18 billion by 2022.
Enhanced cellular communication is contributing to the increased demand for microwave transmission equipment for industrial and consumer applications alike. Furthermore, the surging smartphone adoption, social networks emergence and digital TV broadcasting, alongside a surging need for high-speed wireless connectivity worldwide act as the major factors giving a boost to the deployment of microwave transmission equipment.
Microwave transmission equipment market for emerging small-cell backhaul technology is poised to gain increased traction in the forthcoming years.
In terms of applications, broadband communication will likely see the fastest growth in the market in the foreseeable future. The deployment of broadband communication can occur in a short time span using microwave technologies for assisting the progress of connectivity in concerts and events, disaster-affected or remote regions, and in other extreme circumstances where connectivity should be established without delay.
Geography-wise, Asia-Pacific is projected to register the most rapid growth rate through to 2022. The demand for microwave transmission equipment is chiefly driven by the elevated need for higher bandwidth data from many smartphone users in the region. In particular, China and India are among the leading adopters of smartphones, with data consumption being also considerably high in the two countries.
Huawei Technologies Co., Ltd., Aviat Networks, Intracom Telecom, DragonWave Inc., Alcatel-Lucent S.A., Anritsu, and Ceragon Networks, among others, are the leading players in the market.
Comprehensive research report “Microwave Transmission Equipment Market” elaborated by M&M takes a deep look at the market on a global level.
The study categorises the market based on frequency band, network technology, component, application, mounting type, and geographic region. It includes Porter’s five forces analysis, describing the factors and their respective influence on the market. The research study canvasses the major drivers, limiters, challenges, and opportunities pertaining to the market; it also includes a value chain assessment and market ranking analysis. The report examines the competitive scenario, casts light on the key industry players including insights into their revenues. Future projections for the marketplace are provided in the study, too.
More insightful reports by our partner are available at M&M page.