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According to the new research report published by The Insight Partners, titled “Microwave Transmission Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Network Technology, Component, Frequency Band, Mounting Type, and Application,” the market was valued at US$ 3,135.6 million in 2020 and is projected to reach US$ 5,330.1 million by 2028; it is expected to grow at a CAGR of 7.3% from 2021 to 2028.
Microwave links are heavily utilized by television broadcasters to transmit programs across regions. Broadcasting and telecommunication transmission are amongst the major applications of microwave transmission solutions, which positively influence the impact of the production of microwave transmission equipment. Factors such as technological enhancements in LTE advanced, 4G, and other new connectivity technology standards along with 5G is proliferating the scope of both wireless and cellular technologies. This factor is boosting the penetration of microwave transmission solutions and thereby creating demand for microwave transmission equipment. Also, with rising spectrum efficiency and demand for high-capacity cellular connectivity in countries of the Middle East and Asia, the scope of using microwave transmission solutions would rise in coming years. The mentioned factors are projected to offer lucrative opportunities for the growth of microwave solutions, and thus microwave transmission equipment. The emergence of 5G deployments and improvement in telecom infrastructure would drive the growth of microwave transmission solutions.
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The demand for pervasive connectivity necessitates the rapid adoption of low-cost, low-power technologies that can communicate securely. As a result, the expansion of IoT-based devices and services is expected to significantly boost the demand for Microwave Transmission Equipment over the projection period. Microwave Transmission Equipment is a tiny chip that can be utilized in several embedded systems. It is generally used for data encryption, programming, trimming, identification, coding, and redundancy in smart cards, SIM cards, microcontrollers, PMICs, and display driver ICs. Manufacturers in the Microwave Transmission Equipment market are concentrating their efforts on delivering secure eNVMs for MCUs used in IoT-based products.
Microwave Transmission Equipment Network Technology Based Market Insights
Based on network technology, the microwave transmission equipment market is segmented into packet microwave, hybrid microwave, small-cell backhaul, and time-division multiplexing. The packet microwave segment dominated the market in 2020. The penetration of packet technologies in microwave communication systems have changed the functioning of microwave system and complied with the specified service-level agreement (SLA) such as performance and availability.
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Microwave Transmission Equipment Component-Based Market Insights
Based on components, the microwave transmission equipment market is segmented into antennas, RF processing units, indoor units, outdoor units, and cables and connectors. The outdoor units segment dominated the market in 2020. ODU is responsible for the frequency conversion and amplification of the signal. For instance, a radio tower is an example of ODU that includes microwave antennas, power & optic cables, and a system station.
Microwave Transmission Equipment Frequency Band Based Market Insights
Based on frequency band, the microwave transmission equipment market is segmented into L Band, S-Band, C Band, X Band, Ku Band, Ka-Band, Q Band, and others. The C band segment dominated the market in 2020. The C band is majorly chosen over the Ku band for satellite as they are less vulnerable to rain fade than the Ku band. The band is utilized for weather radars, 802.11a version of Wi-Fi devices, and Radio LAN in the 5 GHz range.
Advancements in 4G, LTE Advanced, and Other New Connectivity Technology Standards
Mobile coverage and capacity are rapidly evolving with the ongoing expansion and improvements in 3G networks; rollout of new 4G networks; addition of complementary coverage solutions such as pico, Wi-Fi, micro, and indoor solutions; and consolidation of 5G rollout plans. Many mobile network operators (MNOs) have made significant investments in LTE rollouts worldwide, as a part of the planned transition from 2G/3G networks to the 4G network. The LTE deployment has been critical in improving the Mobile Broadband (MBB) proposition and improving coverage, as well as offering more competitive data tariffs and affordable high-speed internet devices. According to GSMA statistics, 782 operators had invested in LTE across 200 countries as of July 2017, with up to 601 LTE networks commercially deployed and launched in 192 countries.
Microwave Transmission Equipment Market: Competitive Landscape and Key Developments
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 are among the key players in the global Fiber Optic Components market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.
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In 2021, Ceragon Networks Ltd. announced it has signed a US$ 23 million agreement with a Colombian tier-1 operator to support extensive 4G and future 5G network capacity and coverage enhancements in Colombia and Latin America..
In 2020, Nokia collaborated with Djezzy, an Algerian mobile operator. Under the collaboration, Nokia successfully completed a trial using its microwave carrier aggregation technology to support increased demand for capacity. The trail used Nokia’s Wavence microwave transport solution over nearly 6 kilometers with an ultra-high capacity of 8.5Gbps.
In 2020, SIAE MICROELETTRONICA group successfully completed the test with a tier 1 global mobile operator of e-band millimeter-wave radio reach for 5G mobile backhaul.
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