The global microwave equipment market is anticipated to show growth over the forecast period owing to increase in number of installation of base station for better quality and experience on LTE networks. Microwave provides a data range from several hundreds of millions of bits per second up to multi gigabit per second. Increase in adoption of Ethernet is expected to be one of the major factors to boost its growth over the specified period of time. Growth in the High Speed Packet Access (HSPA) network may also boost growth of this market. Most vendors are now transitioning to high speed packet access for faster data transfer speed thus improving the market of Ethernet equipment. Decreasing device cost may surge microwave equipment market demand over the forecast period.
Vendors are continuously adding the additional features to devices that can monitor, troubleshoot and report Ethernet services at the link and service layer. These add on features is expected to propel its growth over the next seven years. Investment in research & development and new product development may give industry player an edge over the competitors over the forecast period.
Growing need for operators to install a new base station for delivering quality of service over LTE network is expected to propel the microwave equipment market over the next seven years. Emergence of hybrid Time Division Multiplexing (TDM) Ethernet networking systems is anticipated to add to its growth. Roll out of upgrade to 4G LTE and new cell sites will boost its growth over the forecast period.
The microwave equipment industry can be segmented on the basis of technology, end-use, and vertical. End-use segmented includes small & medium and large enterprise. It can also be segmented based by vertical as banking & financial service, IT & telecom, media & entertainment, public sector, manufacturing, healthcare. It can also be segmented based on technology as LTE, HSPA/HSPA+, Wimax, satellite, and wireless broadband.
High development cost is one of the major restraints of the microwave equipment market. Site acquisition may pose a challenge to its growth over the next seven years. Inter technology competition and pricing pressure may pose a challenge to the microwave equipment industry player’s growth. Asia Pacific is anticipated to be a key region over the specified period of time. Middle East and Africa is also expected to witness significant growth.
Some major players in the global microwave equipment market are Ericsson, Huawei, Nokia Networks, ZTE Corporation, Alcatel-Lucent, Bridgewave Communications, Dragonwave, E Band Communications, NEC and Proxim Wireless. Other microwave equipment industry participants include Aviat Networks, Ceragon Network Ltd., Exalt Communication, Intracom Telecom, Adtran, E-band, Cambridge Broadband, SIAE Microelettronica S.p.A, Trango System, and Siklu.
Leading vendors may look to acquire small companies to enhance their product portfolio over the forecast period. In August 2014, Nokia Network announced the completion of acquisition of Schaumburg, a provider of infrastructure and network deployment solutions. In June 2014, the company also announced acquisition of Mesaplexx Pty Ltd. to enhance its radio capability in the network business. In July 2013, Qualcomm Technologies and Alcatel-Lucent announced strategic collaboration to develop small cell base station to improve wireless connectivity in enterprise and residential environment.
In September 2013, Exalt Communication Inc announced the launch new cost effective microwave backhaul systems, ExtendAir G2. In May 2014, the company announced the signing of Middle East distribution agreement with Comguard to enhance its distribution network in this region. In January 2015, the company also announced the signing of distribution agreement with Connectronics. In July 2015, Shanghai Mobile deployed Nokia Network’s intraband TD-LTE-Advanced small cell carrier aggregation in its commercial network. In July 2015, the company launched its Internet of a Thing (LoT) connectivity solution for LTE core and radio network. This solution is anticipated to drive down the total cost of ownership and improve operational efficiency. Dragonwave Inc product portfolio consists of packet & hybrid solution, small cell solution, and network equipment. In January 2015, SIAE Microelettronica announced to join Nokia Networks Microwave Partner ecosystem to provide operators a one-stop-shop for purchasing end-to-end transport solutions.
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The global electronics devices market (including consumer electronics and industrial electronics devices) is expected to be impacted significantly by COVID-19 as China is one of the major suppliers for the raw materials (used to manufacture devices) as well as the finished products. The industry is on the brink of facing a reduction in production, disruption in supply, and price fluctuations. While this can vastly encourage local manufacturers to step up and address the growing demand, the scarcity of raw material can still pose a challenge to this industry. The sales of prominent electronic companies is expected to be affected in the near future. The report will account for Covid19 as a key market contributor.