North America Microwave Transmission Equipment Market
No. of Pages: 112 | Report Code: TIPRE00022803 | Category: Electronics and Semiconductor
No. of Pages: 112 | Report Code: TIPRE00022803 | Category: Electronics and Semiconductor
North America has the most mature telecom market globally and has a high adoption of internet and mobile. Therefore, the region is highly adopting the microwave transmission equipment since the last few decades. As per the GSMA report, in 2019, around 290 million people had internet connectivity in the region. Additionally, rising measures to boost the operational efficiency and stiff competition among communications service providers (CSP’s) are essential factors propelling the growth of the market in this region. However, due to deregulated telecom market, the microwave transmission equipment market in North America is expected to experience slow growth during the forecast period. In 2020, the region experienced lockdown measures owing to the COVID-19 pandemic. During this time, cell phones and mobile networks became a crucial component for individual’s safety and functioning of economies. The mobile networks performed well during this period by keeping everyone connected despite variation in data consumption patterns, which reflected the substantial investments made by operators for providing additional network capacity. Further, 5G is poised to allow a new era of connectivity with enhanced services and efficiency across different industries. The telecom operators in North America are among the world leaders associated with the 5G deployment across the region, and the 5G connections are expected to reach around 100 million by 2022. Therefore, propelled by continuous investment for network development from operators and the increasing range of 5G smartphones at varying price points.
Strategic insights for the North America 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$ 783.41 Million |
| Market Size by 2028 | US$ 1433.27 Million |
| Global CAGR (2021 - 2028) | 9.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Network Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America is expected to grow from US$ 783.41 million in 2021 to US$ 1433.27 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028. Escalating Demand for High-Capacity Cellular Connectivity The reach of backhaul media varies across different parts of the network, which can be attributed to factors such as market maturity in fixed and mobile telecoms and government incentives. Moreover, the overall share of the microwave technology in the overall backhaul market is likely to decline in the coming years; however, the number of macro and small cell base stations would continue to rise, which would boost the total number of microwave-connected base stations. North America is one of the early regions to roll out the LTE. Due to a lack of readily available fiber and failure of existing copper-based infrastructure, the share of microwave technology has increased in backhaul deployments in the last few years. 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 North America 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 North America 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 North America Microwave Transmission Equipment Market is valued at US$ 783.41 Million in 2021, it is projected to reach US$ 1433.27 Million by 2028.
As per our report North America Microwave Transmission Equipment Market, the market size is valued at US$ 783.41 Million in 2021, projecting it to reach US$ 1433.27 Million by 2028. This translates to a CAGR of approximately 9.0% during the forecast period.
The North America 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 North America Microwave Transmission Equipment Market report:
The North America Microwave Transmission Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Microwave Transmission Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Microwave Transmission Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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