Europe Microwave Transmission Equipment Market
The European telecommunication industry is facing high competition with the entry of new companies, which are offering services at a low cost. The rising pressure of keeping optimal pricing along with enhanced service quality is one of the major factors compelling the regional telecom operators and CSPs to opt for advanced and efficient microwave transmission equipment, which can deliver improved operational efficiency and roll out and bill new services effectively. Moreover, consolidation in the European telecom market for gaining market share and reducing customer churn is also expected to persuade companies to adopt advanced microwave transmission equipment. Further, increasing demand for cloud based and IoT based microwave transmission equipment, and the requirement to lower operating and capital expenditure are among the factors expected to drive the growth of the market in Europe during the forecast period. In 2008, there was a decline in the growth of the European telecom industry owing to the Euro crisis. Nevertheless, the industry began recovering at a brisk rate after 2013. In 2019, Europe recorded 470.7 million unique mobile subscribers. At present, the region has a strong 4G service and is upgrading to the 5G wireless broadband. It is expected that there would be 203 million 5G connections in Europe. Substantial capital expenditure by mobile operators would expand 5G network coverage by 2025. With the developed European economies such as the UK, Germany, Italy, France, and Spain at the forefront of adopting advanced telecom solutions, they have prompted the microwave transmission equipment vendors to develop advanced microwave transmission equipment to provide enhanced services to the customers.
Strategic insights for the Europe 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$ 864.61 Million |
| Market Size by 2028 | US$ 1530.81 Million |
| Global CAGR (2021 - 2028) | 8.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Network Technology
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe 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 Europe is expected to grow from US$ 864.61 million in 2021 to US$ 1530.81 million by 2028; it is estimated to grow at a CAGR of 8.5% from 2021 to 2028. Expanding Focus on Deployment of 5G Networks. Governments of different countries are investing huge amounts in the improvement of corresponding internet and telecom infrastructure. Large-scale 5G deployments are expected to begin in high fiber penetration areas, such as China, Korea, Japan, and the US. Operators in Western Europe are offering a combination of microwave and fiber and are focusing on the launch of 5G. Using the same radio access technology for access and backhaul links, with dynamic spectrum sharing, is one of the options network operators have while deploying 5G. This can be used in conjunction with microwave backhaul, particularly in dense deployments with numerous small radio nodes. Several companies are heavily investing in 5G network deployment for high-speed internet. In September 2019, telecom companies such as Reliance Jio, Airtel, and Vodafone Idea, collectively, invested US$ 30.5 billion for the launch of 5G services in India. Additionally, in July 2020, SK Telecom, KT, and LG Uplus—South Korean mobile operators—announced the plans to invest a total of US$ 22 billion through 2022 to accelerate 5G infrastructure across the country. Further, Ericsson also invested in microwave technology in September 2019 to add 5G-ready microwave products to its market-leading MINI-LINK portfolio. Thus, increasing focus on deployment on the 5G network acts as a key trend in the microwave transmission equipment market. This is bolstering the growth of the microwave transmission equipment.
In terms of Network Technology type, the Packet Microwave segment accounted for the largest share of the Europe 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 Europe 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 Europe Microwave Transmission Equipment Market is valued at US$ 864.61 Million in 2021, it is projected to reach US$ 1530.81 Million by 2028.
As per our report Europe Microwave Transmission Equipment Market, the market size is valued at US$ 864.61 Million in 2021, projecting it to reach US$ 1530.81 Million by 2028. This translates to a CAGR of approximately 8.5% during the forecast period.
The Europe 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 Europe Microwave Transmission Equipment Market report:
The Europe Microwave Transmission Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Microwave Transmission Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Microwave Transmission Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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