Microwave Transmission Equipment Market

Market Size & CAGR in 2021

The global microwave transmission equipment market is expected to grow at a CAGR of 5.2% from 2021 to 2027. The market size is projected to reach USD 8.6 billion by 2027.

COVID-19 Impact

The COVID-19 pandemic had a significant impact on the microwave transmission equipment market. With the surge in remote working and the need for reliable connectivity, the demand for microwave transmission equipment increased during the pandemic.

Microwave Transmission Equipment Dynamics

The microwave transmission equipment market is driven by the increasing demand for high-speed and secure communication networks. The adoption of 5G technology and the expansion of telecommunication infrastructure are also contributing to the growth of the market.

Segments and Related Analysis

The microwave transmission equipment market is segmented based on the type of equipment, including point-to-point microwave equipment and point-to-multipoint microwave equipment. Point-to-point microwave equipment dominated the market in 2021.

By Region Analysis

In terms of regional analysis, North America held the largest market share in the microwave transmission equipment market in 2021, followed by Europe and Asia Pacific. The Middle East and Africa region are also showing promising growth in the market.

Key Market Players and Competitive Landscape

Some of the key players in the microwave transmission equipment market include Huawei Technologies Co., Ltd., Ericsson AB, Nokia Corporation, and Cisco Systems, Inc. The market is highly competitive with players focusing on technological advancements and strategic partnerships.

Recent Happenings

In recent developments, Huawei Technologies launched a new series of microwave transmission equipment with enhanced capabilities for 5G networks. Ericsson AB announced a collaboration with a leading telecom operator to deploy advanced microwave solutions for rural connectivity.