Asia Pacific Microwave Transmission Equipment Market
APAC is one of the major contributors in the telecommunication sector. Rapid developments pertaining to technologies, initiatives from governments, digitalization of economies, and rise in disposable income of the middle-income class group are among the factors propelling the region's overall economy, which, in turn is driving the region from a developing to a developed phase. The establishment of telecom network bands such as 4G, which facilitates the implementation of microwave emitting hardware, are integrated in the network towers. APAC is anticipated to register the fastest CAGR in the APAC microwave transmission equipment market during the forecast period. The presence of dynamic and developing economies in APAC has positively influenced the growth of the aviation industry, which has increased the number of aircraft fleets in the region. Owing to the immense focus on aviation, the region is highly inclined toward implementing VHF radio for long-range communications. For instance, in China, the Air Traffic Management Bureau has executed over-the-horizon communications to contact traffic over the South China Sea. The constant growth in telecom industry across the developing economies of the region coupled with increasing internet penetration is propelling the growth of the microwave transmission equipment market. APAC is the fastest-growing market for telecom service providers. Further, voice and data consumption rate in APAC is growing due to high volume of mobile and broadband subscribers and users, resulting in tremendous growth opportunities for microwave transmission equipment providers. As per Cisco, mobile data and internet traffic was 5.88 Exabyte per month and is estimated to reach up to 43.17 Exabyte per month with a CAGR of 49% during the forecast period (2017–2022).
Strategic insights for the Asia Pacific Microwave Transmission Equipment provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1114.08 Million |
| Market Size by 2028 | US$ 1623.02 Million |
| Global CAGR (2021 - 2028) | 5.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Network Technology
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Microwave Transmission Equipment refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Microwave Transmission Equipment Market in APAC is expected to grow from US$ 1114.08 million in 2021 to US$ 1623.02 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028. Progress in 4G, LTE Advanced, and Other New Connectivity Technology Standards. Mobile coverage and capacity are rapidly evolving with the ongoing expansion and improvements in 3G networks; rollout of new 4G networks; addition of complementary coverage solutions such as pico, Wi-Fi, micro, and indoor solutions; and consolidation of 5G rollout plans. Many mobile network operators (MNOs) have made significant investments in LTE rollouts worldwide, as a part of planned transition from 2G/3G networks to the 4G network. The LTE deployment has been critical in improving the Mobile Broadband (MBB) proposition and improving coverage, as well as offering more competitive data tariffs and affordable high-speed internet devices. According to GSMA statistics, 782 operators had invested in LTE across 200 countries as of July 2017, with up to 601 LTE networks commercially deployed and launched in 192 countries.The microwave transmission solutions help in meeting virtually every conceivable backhaul requirement, such as with gigabit-per-second capabilities. Microwave transmission solutions provide increased spectrum efficiency, support for efficient IP data transmission, and increasing levels of optimization and automation, which makes them an important part of operators' network evolution to 2020. This is bolstering the growth of the microwave transmission equipment.
In terms of application type, the Cellular Communication Segment accounted for the largest share of the APAC microwave transmission equipment in 2020. In terms of Component, type, the Outdoor Units (ODU) segment held a larger market share of microwave transmission equipment market in 2020.
A few major primary and secondary sources referred to for preparing this report on the APAC microwave transmission equipment are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are NEC Corporation
The Asia Pacific Microwave Transmission Equipment Market is valued at US$ 1114.08 Million in 2021, it is projected to reach US$ 1623.02 Million by 2028.
As per our report Asia Pacific Microwave Transmission Equipment Market, the market size is valued at US$ 1114.08 Million in 2021, projecting it to reach US$ 1623.02 Million by 2028. This translates to a CAGR of approximately 5.5% during the forecast period.
The Asia Pacific Microwave Transmission Equipment Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Microwave Transmission Equipment Market report:
The Asia Pacific Microwave Transmission Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Microwave Transmission Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Microwave Transmission Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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