Global Microwave Radio Market Growth (Status and Outlook) 2023-2029

Global Microwave Radio Market Growth (Status and Outlook) 2023-2029

Microwave Radio market, Microwave radios work on the underlying principle of microwave transmission. They transmit or exchange information between two devices using electromagnetic waves, having a wavelength ranging from 30 cm to 0.1 cm with radio spectrum of 1 GHz to 300 GHz. Microwaves follow point-to-point communication and can be easily directed by small-sized antennas, which point these narrow beams toward receiving antenna. The range of electromagnetic waves, which work on a frequency of above 30 GHz to below 100 GHz and have a wavelength of 10 mm to 3 mm, is called millimeter band. Radio waves in this band face strong attenuation from Earth’s atmosphere. The waves with a wide band of frequencies, around 60 GHz, get attenuated by oxygen.

LPI (LP Information)' newest research report, the “Microwave Radio Industry Forecast” looks at past sales and reviews total world Microwave Radio sales in 2022, providing a comprehensive analysis by region and market sector of projected Microwave Radio sales for 2023 through 2029. With Microwave Radio sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Microwave Radio industry.

This Insight Report provides a comprehensive analysis of the global Microwave Radio landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Microwave Radio portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Microwave Radio market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Microwave Radio and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Microwave Radio.

The global Microwave Radio market size is projected to grow from US$ 15090 million in 2022 to US$ 55140 million in 2029; it is expected to grow at a CAGR of 20.3% from 2023 to 2029.

Global Microwave Radio key players include Ericsson, Huawei Technologies, NEC, Alcatal-Lucent. ZTE, etc. Global top five players hold a share about 70%.

North America is the largest market, with a share about 20%, followed by Europe and China, having a total share about 35 percent.

In terms of product, Packet Microwave Radio is the largest segment, with a share about 45%. And in terms of application, the largest application is Communication, followed by Power Utilities, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Microwave Radio market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Hybrid Microwave Radio

Packet Microwave Radio

TDM Microwave Radio

Segmentation by application

Communication

Power Utilities

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Ericsson

Huawei Technologies

NEC

Alcatal-Lucent

ZTE

Aviat Networks

DragonWave

Please note: The report will take approximately 2 business days to prepare and deliver.