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Microwave radio market to grow by USD 20.86 billion from 2022 to 2027 | Increasing demand for point-to-point communication networks drives growth - Technavio


NEW YORK, Aug. 17, 2023 /PRNewswire/ -- The microwave radio market size is expected to increase by USD 20,867.98 million from 2022 to 2027, registering a CAGR of 17.93%, according to the latest research report from Technavio. Discover Broadcasting industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The microwave radio market covers the following areas:

Company Landscape

The global microwave radio market is steadily becoming more competitive due to evolving standards, significant changes in smart technologies, rising product awareness among end-users, and product launches in line with customer requirements. The global microwave radio market is fragmented, and the vendors are deploying various growth strategies to compete in the market. The microwave radio market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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Company Offerings

For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in minutes

Key Market Segmentation

This microwave radio market report extensively covers market segmentation by type (hybrid microwave radio, packet microwave radio, and TDM microwave radio), application (communication, power utilities, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

View Sample Report in minutes of this report for more highlights into the market segments.

Regional Market Outlook

APAC will contribute 40% to the growth of the global market during the forecast period. Due to the increasing adoption of 5G technologies and automation in industries, the market is estimated to grow in the region. Factors such as the increasing penetration of the Internet, higher adoption of mobile computing devices (such as smartphones), and the rapidly growing IoT infrastructure are the major factors driving the growth. Furthermore, there is a high revenue contribution from this region due to the presence of numerous consumer electronic device manufacturers, including SAMSUNG, LG Electronics, Sony, Micromax, MI, and dozens of other Chinese manufacturers, creating a huge demand for transceiver chips in APAC. 

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

Market Dynamics

The increasing demand for point-to-point communication networks drives market growth. These days, in order to communicate, share information, and access cloud-based applications, businesses, industries, and governments require high-speed, reliable, and cost-effective communication networks. Furthermore, point-to-point communication networks and microwave radio systems are also being used as alternatives in places where fiber optic cables cannot be installed due to distance, environmental factors, or terrain. Hence, such factors drive the growth of the market during the forecast period.

Spectrum allocation issues related to microwave radio challenge the growth of the market. The competition for spectrum allocation by various wireless technologies, such as cellular networks, Wi-Fi, and satellite communication are major challenges. Furthermore, regulatory authorities cannot keep up with the demand and innovation in the wireless industry, leading to spectrum scarcity for microwave radio users. Hence, such challenges impede market growth during the forecast period.

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Related Reports:
The residential microwave oven market size is estimated to grow at a CAGR of 7.35% between 2022 and 2027. The market size is forecast to increase by USD 4,313.45 million. This residential microwave oven market report extensively covers market segmentation by type (countertop microwave oven and built-in microwave oven), product (microwave oven without smart connectivity and microwave oven with smart connectivity), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The increasing disposable income of consumers is driving growth in residential microwave ovens. 

The millimeter wave and microwave RF transceiver market size is estimated to decline at a CAGR of 7.37% between 2022 and 2027. The market size is forecast to increase by USD 2,609.14 million. This millimeter wave and microwave rf transceiver market report extensively cover market segmentation by application (mobile phones, tablets, PCs and laptops, smart TVs, and set-top boxes) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The advent of carrier aggregation is one of the key drivers in the global millimeter wave and microwave RF transceiver market.

Microwave Radio Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 17.93%

Market growth 2023-2027

USD 20,867.98 million

Market structure

Fragmented

YoY growth 2022-2023(%)

16.62

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 40%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aviat Networks Inc., Axxcss Wireless Solutions Inc., Cambium Networks Corp., Ceragon Networks Ltd., Comba Telecom Systems Holdings Ltd., Curvalux UK Ltd., DragonWave X, Extreme Networks Inc., Fujitsu Ltd., Huawei Technologies Co. Ltd., Intracom SA Telecommunications Solutions, NEC Corp., Netgear Inc., Nokia Corp., Proxim Wireless Corp., RAD Data Communications Ltd., SIAE MICROELETTRONICA Spa, Telefonaktiebolaget LM Ericsson, Ubiquiti Inc., and ZTE Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio


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