Microwave Transmission Equipment Market Size, Trends and Growth Analysis by 2027

The microwave transmission equipment sector was valued at approximately US$ 3,135.6 million in 2020 and is anticipated to grow to US$ 5,330.1 million by 2028, reflecting a compound annual growth rate (CAGR) of 7.3% from 2021 to 2028.

Several factors are driving this growth, including advancements in technologies such as LTE Advanced, 4G, and emerging connectivity standards, particularly with the rollout of 5G. These developments are expanding the potential for both wireless and cellular technologies, which in turn is increasing the demand for microwave transmission solutions. Additionally, the rising need for spectrum efficiency and high-capacity cellular connectivity, especially in regions like the Middle East and Asia, is expected to significantly enhance the adoption of microwave transmission solutions in the coming years. These trends are likely to create substantial opportunities for the expansion of microwave solutions and, consequently, the microwave transmission equipment market. The ongoing deployment of 5G networks and enhancements in telecommunications infrastructure are also expected to support the growth of microwave transmission solutions.

The microwave transmission equipment market is categorized based on various criteria, including network technology, component, frequency band, mounting type, and application. In terms of network technology, the market is divided into packet microwave, hybrid microwave, small-cell backhaul, and time division multiplexing. It is projected that the packet microwave segment will dominate the market share throughout the forecast period.

When examining components, the market is segmented into antennas, RF processing units, indoor units, outdoor units, and cables and connectors. In 2020, the outdoor units segment represented a significant portion of the market. The frequency band segmentation includes L Band, S Band, C Band, X Band, Ku Band, Ka Band, Q Band, and others, with the C band segment holding a notable market share in 2020. Regarding mounting types, the market is classified into full-indoor, split-mount, and full-outdoor, where the split-mount segment also accounted for a considerable market share in 2020. Lastly, in terms of applications, the market is divided into navigation, cellular communication, radio telecommunication, satellite communication, radar, and broadband communication. The cellular communication segment is expected to experience the fastest growth rate during the forecast period.

The overall size of the microwave transmission equipment market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach not only provides a comprehensive overview and forecast of the microwave transmission equipment market across all segments but also offers insights into the global market segmented by five key regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America. Furthermore, primary interviews were conducted with industry stakeholders and experts to validate the data and gain deeper analytical insights. Participants in this process included industry professionals such as Vice Presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the microwave transmission equipment market.

Key players in the global microwave transmission equipment market include NEC Corporation, Huawei Technologies Co., Ltd., Telefonaktiebolaget LM Ericsson, SIAE MICROELETTRONICA Group, Intracom Telecom, Nokia Corporation, Anritsu, Aviat Networks, Inc., Ceragon Networks Ltd., and DragonWave-X.