Microwave Transmission Equipment Market - Forecast(2024 - 2030)

The global market for Microwave Transmission Equipment is forecast to reach $4.68 billion by 2026, growing at CAGR 5.2% from 2021 to 2026. 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. Additionally, demand for automation among the industry verticals contributes towards the microwave transmission equipment market size growth. Moreover, certain features including super high performance (SHP) antennas, automatic transmit power control (ATPC) and others enables to build more efficient microwave networks and thus tend to rise in market demand. These above-mentioned factors are set to boost the market growth for Microwave Transmission Equipment Market size during the forecast period 2021-2026.

The report: “Microwave Transmission Equipment Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Microwave Transmission Equipment Market

By technology: Time Division Multiplexing, Hybrid Microwave, Packet Microwave and Small Cell Backhaul

By frequency Range: L band, S band C band, X band, Ku band, K band, Ka band, Q band, U band, V band, E band, W band, F band, D band and others.

By Component: Antenna, Rf Processing Unit, Indoor Unit (IDU), Out-door Unit (ODU), Cable & Connector and others.

By mounting type: Full indoor, split mount and full outdoor

By Application: Navigation, Cellular Communication, Radio Telecommunication, Satellite Communication, radar and Broadband Communication, collision avoidance systems

By Geography: North America (U.S, Canada, Mexico), Europe(Germany, France, UK, Italy, Spain and Others), APAC (Japan, China, India, South Korea, Australia and Others), South America (Brazil, Argentina and others) and ROW (Middle East and Africa)

Microwave transmission equipment with full outdoor mounting is holding the largest market share and analysed to have significant growth during 2021-2026. Unlike the outdoor unit used in split-mount based equipment, full outdoor mounting type equipment is completely waterproof, making them more suitable for tough environmental situation. Apart from this, full outdoor mounting consumes lesser amount of power compared to split-mount based equipment, making it less expensive by reducing the total operational cost. Along with this, it also consumes low amount of space for installation compared to split-mount and indoor-mount based equipment, which is enhancing the demand for this segment. The above mentioned factors act as incentives for the operators, making them shift towards full-outdoor mounting type equipment, which is set to boost the growth of this segment in the forecast period 2021-2026.

Cellular communication held the highest market share in 2020 and it is estimated to witness significant market growth with a CAGR of 3% during the forecast period 2021-2026, primarily driven by rising demand of automation and better efficiency. Furthermore, as compared to other fiber optic networks, microwave technology requires relatively little time for installation and lowers the total cost of ownership for cellular network operators. It saves both the time and money of the operators of cellular network solution, which enhances the demand for microwave transmission equipment. Apart from that, increasing demand for microwave based mobile backhaul networks, an essential part of 5G era, is set to boost the market growth during 2021-2026. According to some recent studies, 62% of global backhaul connections are anticipated to be based on microwave technology, by the year of 2025.

APAC region is estimated to grow with the fastest market growth, with a CAGR of 5.5%, during the forecast period 2021-2026 owing to the exponential growth of telecom industry and increasing deployment of cellular communication infrastructure and development of cellular industry in this region. Furthermore, involvement of major market players in this region, coupled with ongoing research and advancements of technological innovations, is poised to create tremendous growth opportunities for APAC Microwave Transmission Equipment Market. For instance, in 2019, Bharti-India and Huawei completed the deployment of 5G MIMO microwave networking technology across India, which has increased the capabilities of Bharti-India’s 5G network infrastructure by four times. Hence, the above factors are analysed to boost the market growth of this region during 2021-2026.

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. According to some recent report, a quarter of the total amount of mobile network data traffic of the World is estimated to be Fixed Wireless Access (FWA), by the end of 2025. In April 2021, Elon Musk’s SpaceX has started accepting pre-orders for the beta version of its Starlink satellite internet service in India for a fully refundable deposit of US$ 99. Currently, Department of Telecommunications (DoT) is screening the move and more developments will be unveiled soon. Apart from this, remote places, where wired communication solutions wouldn’t be affective, wireless communication specifically microwave communication are the only option for setting up the communication system which is set to boost the growth of this market during the forecast period 2021-2026.

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.

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. These technical complexities are poised to impede the Microwave Transmission Equipment industry growth in the forecast period 2021-2026.

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Microwave Transmission Equipment Market In 2020, the market of Microwave Transmission Equipment industry outlook has been fragmented by several companies.  Microwave Transmission Equipment top 10 companies include