Global Microwave Equipment Market Will Reach USD 6.95 Billion By 2024: Zion Market Research

According to the report, global microwave equipment market was valued USD 5.44 billion in 2017 and is expected to reach around USD 6.95 billion by 2024, at a CAGR of approximately 3.56% for the forecast period from 2018 to 2024.


New York, NY, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Microwave Equipment Market By Technology (LTE, HSPA/HSPA+, WiMAX, Satellite, and Wireless Broadband) and By Vertical (Banking, Financial Services, and Insurance (BFSI), IT & Telecom, Media & Entertainment, Public Sector, Retail, Manufacturing, Healthcare, and Other Verticals): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024”. According to the report, global microwave equipment market was valued USD 5.44 billion in 2017 and is expected to reach around USD 6.95 billion by 2024, at a CAGR of approximately 3.56% for the forecast period from 2018 to 2024.

The microwave equipment market is gaining attention due to rising demand for the microwave transmission technology across the globe. Microwave equipment provides wireless technology and smart networks which is expected to grow significantly in the coming years. The microwave equipment market players have been focusing on the new technological innovations, safety, and durability. The emerging economies are anticipated to deliver lucrative growth opportunities to the microwave equipment market as compared to the developed countries with advanced infrastructure.

Browse through 29 Tables & 30 Figures spread over 210 Pages and in-depth TOC on “Global Microwave Equipment Market Share 2017: Industry Type, Size, Applications, Analysis and Forecast, 2024”.

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The microwave equipment market is predicted to witness double digit growth rate owing to the growing number of high-speed packet access (HSPA+) network. With the use of higher order modulation, the advanced version of HSPA+ provides data rates of 84.4 and 168 Mbit/s to the mobile device for downlink and 22 Mbit/s from the mobile device for uplink under ideal signal conditions. The microwave equipment market is categorized into technology, vertical, and regions. The technology segment for the microwave equipment market includes LTE, HSPA/HSPA+, WiMAX, satellite, wireless broadband. On the basis of verticals, the market is fragmented into retail, media and entertainment, banking, financial services, and insurance (BFSI), IT and telecom, public sector, manufacturing, healthcare, and other verticals. 

Geographically, the microwave equipment market is categorized mainly into five regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These regions are segmented into various countries such as the U.S., the UK, France, Germany, China, Japan, India, and Brazil. Among all, Asia Pacific accounted for the largest market share of the microwave equipment market in 2015, followed by North America and Europe. The demand for the high-speed wireless network for smartphones, e-commerce portals, and high definition video broadcasting is very high in the Asia Pacific, thus it is predicted to be a key region for the growth of this market over the forecast period. As per “Indian Telecom Industry Analysis Report”, India is the second largest telecommunications market in the world, with approximately 1.418 billion subscribers as of April 2018. In terms of internet subscribers, India is again the second largest country with 493.96 million internet subscribers, as of March 2018. The development of economies and rise in disposable incomes has increased the preference for microwave technology.

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North America and Western Europe are anticipated to hold a significant share in the microwave equipment market. The continuous focus on commercializing 5G network solutions and enhancing network performance are the key reasons to drive the demand for the market in respective regions. Also, Dell’Oro Group recently stated that the strong demand for wireless backhaul forced African and European markets to enhance the use of microwave, offsetting declines in the Americas region. The Middle East and Africa are also expected to face substantial growth due to the high level of investment that is prevalent in this region. Moreover, according to “Ericsson Mobility Report”, with 10% of 5G subscriptions, Asia Pacific will emerge as the second fastest growing region in 2022. Furthermore, it is even predicted by the group that the Middle East and Africa will dramatically shift its 80% of subscriptions on HSPA/HSPA+ and LTE thereby, contributing toward the growth of microwave equipment market.

Browse the full "Microwave Equipment Market By Technology (LTE, HSPA/HSPA+, WiMAX, Satellite, and Wireless Broadband) and By Vertical (Banking, Financial Services, and Insurance (BFSI), IT & Telecom, Media & Entertainment, Public Sector, Retail, Manufacturing, Healthcare, and Other Verticals): Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/microwave-equipment-market

Some of the prominent players in the microwave equipment market include ZTE Corporation, Huawei, Ericsson, Bridgewave Communications, Nokia Networks Alcatel-Lucent, Dragonwave, Proxim Wireless, NEC, and E Band Communications. Other industry participants include Ceragon Network Ltd., Exalt Communication, Aviat Networks, Adtran, Intracom Telecom, E-band, SIAE Microelettronica S.p.A, Trango System, Cambridge Broadband, and Siklu, among others.

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The report segments the microwave equipment market as follows:

Microwave Equipment Market: By Technology 

  • LTE
  • HSPA/HSPA+
  • Wimax
  • Satellite
  • Wireless Broadband

Microwave Equipment Market: By Vertical 

  • Banking, Financial Services, and Insurance (BFSI)
  • IT & Telecom
  • Media & Entertainment
  • Public Sector
  • Retail
  • Manufacturing
  • Healthcare
  • Other Verticals

Microwave Equipment Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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