?? Microwave Transmission Equipment Market: Driving the Future of Connectivity | IndustryARC?
The global Microwave Transmission Equipment Market is set to reach $5732.0 Million by 2030, growing at a CAGR of 5.2% (2024-2030).
Microwave is a key element of current mobile backhaul networks and will continue to evolve as part of the future 5G ecosystem. The market growth is mainly driven by the factors including transformation communication sector and growing demand for 5G services among the customers and industrial sectors. Microwave, a form of electromagnetic radiation, is used in microwave radio relay communication, radar, satellite, broadband communication, navigation, collision avoidance systems, and others, rising demand for such applications is fuelling the growth of microwave transmission equipment industry. Furthermore, penetration of IoT, evolvement of different technologies including time-division multiplexing, hybrid microwave, packet microwave and small cell backhaul benefits the market growth.
Key Takeaways
Microwave Transmission Equipment Market Drivers
Rising Demand for Wireless Communication positively impacts the market growth for Microwave Transmission Equipment.
Wireless communication systems remove the need for costly wired communication system, particularly in hazardous areas, for communication. Wireless communication solutions are being adopted rapidly due to the drawbacks of wired communications. One of major drawback of wired communication system is the need for physical cabling between the devices, which requires constant maintenance services, faces configuration issues and high installation cost. The above mentioned drawbacks of wired communication solutions enhance the demand for wireless communication across industries, resulting in growth of Microwave Transmission equipment market.
Rising Applications of Communications and Cellular Backhaul tend to increase in market demand for Microwave Transmission Equipment.
The adoption of microware transmission equipment is estimated to grow rapidly, mainly due to the growing demand for high-speed broadband communication solutions, mobile backhaul networks and digitalization of telecommunication sector. According to report from Cisco, Nearly two-thirds of the global population will have Internet access by 2023. There will be 5.3 billion total Internet users (66 percent of global population) by 2023, up from 3.9 billion (51 percent of global population) in 2018. According to a report of Ericsson on Microwave Outlook, by the year 2023, 40% of backhaul connections are estimated to be dependent on microwave solutions.
Apart from the transformation of telecommunication sector, the growing adoption of various types of communication systems such as satellite communication, cellular communication, radar and broadband communication are also driving the microwave transmission equipment market. According to a report, there are approximately 2000 artificial satellites orbiting the Earth, for transferring globally analog and digital signals carrying voice, video or data, from one location to other locations.
Microwave Transmission Equipment Market Challenges
Technical issues or complexities act as hindrance to the market growth.
Though the market is growing rapidly, it has some technical limitation which is hampering the growth of microwave transmission equipment market. The technical issue is microwave can’t penetrate through walls, hills or buildings and can be affected by weather change, causing blockage in the path of communication.
??????? ??????????????????: Huawei | NEC Corporation | Alcatel-Lucent Enterprise | Lockheed Martin | Ceragon Networks | DragonWave-X | Anritsu | Giga-tronics, Inc. | Intracom Telecom | MegaFon | Aviat Networks | ZTE Corporation | Nokia | SIAE MICROELETTRONICA | Fujitsu | Mitsubishi Electric | Proxim Wireless | Trango Systems | BridgeWave Communications | Ubiquiti Inc.