Microwave Transmission Equipment Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026
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 co...