According to the new market research report "Microwave Transmission Equipment Market by Network Technology (Hybrid, Packet Microwave, Small Cell), Component (IDU, ODU), Frequency Band, Mounting Type (Full Indoor, Split Mount, Full Outdoor), Application, and Geography - Global Forecast to 2022", The microwave transmission equipment market was valued at USD 4.88 Billion in 2015 and is expected to reach USD 6.18 Billion by 2022, at a CAGR of 3.38% between 2016 and 2022. Factors such as increasing use of cellular communication networks for facilitating M2M connectivity, growing spectrum efficiency and automation level, and rise in 4G, LTE advanced standards are driving the growth of this market.

Packet microwave is expected to hold the largest share in the microwave transmission equipment market by 2022. It is a low-cost, high-capacity communication technology, which is easy to install in urban as well as rural areas. The advantages of packet microwave technology-based broadband services include increased bandwidth, improved modulation, and higher throughput capacities of microwave radios. This technology enables the efficient transmission of TDM and Ethernet packet over radio links and offers innovative and cost-effective wireless transmission solutions for carrier Ethernet services.

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Cellular communication is expected to account for the largest share of the microwave transmission equipment market during the forecast period. Increasing cellular communication is driving the growth of the microwave transmission equipment market. Cellular communication services can be provided for domestic and enterprise applications using microwave technologies at affordable costs.

APAC accounted for the largest share of the microwave transmission equipment market in 2015, followed by North America and Europe. This market in APAC is also expected to grow at the highest rate during the forecast period. China and India accounted for a significant share of this market in APAC in 2015. The high growth of the market in this region can be attributed to the increasing demand for high-speed wireless connectivity for consumer applications such as smartphones, high-definition video broadcasting, and e-commerce portals.

The key players operating in the microwave transmission equipment market include LM Ericsson Telefon AB (Sweden), Huawei Technologies Co., Ltd. (China), Alcatel-Lucent S.A. (France), NEC Corp. (Japan), Aviat Networks Inc. (U.S.), Intracom S.A. Telecom Solutions (Greece), Ceragon Networks Ltd. (Israel), DragonWave Inc. (Canada), and Anritsu Corp. (Japan), among others.

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