Huawei Technologies Co., Ltd. (China) and NEC Corp. (Japan) are main player in Microwave Transmission Equipment Market
The microwave transmission equipment market is expected to grow from USD 5.1 Billion in 2016 to reach USD 6.18 Billion in 2022, at a CAGR of 3.38% during the forecast period. Factors such as the rise of 4G, LTE advanced, and other new standards; increasing use of cellular communication for consumer and industrial applications; and improved spectrum efficiency due to the increased level of automation in telecommunication equipment are driving the growth of this market.
The companies operating in the microwave transmission equipment market have adopted various strategies such as new product launches and mergers and acquisitions over the last four years to grow in the market. Among these strategies, 46% of the developments were agreements, partnerships, and contracts; 42% of the developments were new product launches; 7% of the developments were expansions; and 5% of the developments were mergers and acquisitions.
In the microwave transmission equipment market, Huawei Technologies Co., Ltd. (China) held the first position in 2015. The company’s growth can be attributed to its huge investments in R&D for developing high-quality, reliable equipment. Huawei Technologies focuses on improving its manufacturing and distribution processes, which has helped it in offering products at prices which are at par or even lower than that of its competitors. The company has also been benefited from the growing demand for telecommunication equipment in its domestic market (China) and the markets in other neighboring regions. One of Huawei’s recent product launches was in May 2016; the company launched the new version eRadio microwave solution, which is an advanced air-interface encryption mechanism and adaptive modulation technology for secure and reliable microwave transmission.
NEC Corp. (Japan) ranked second in the microwave transmission equipment market in 2015. The company’s expertise in network management and software solutions enables it to develop scalable network infrastructure for various communication applications. It is highly focused on R&D for introducing next-generation technologies; this helps it in maintaining its leading position in the industry. NEC is, currently, focusing on developing wireless backhaul equipment for the upcoming 5G standard. The company employs both organic as well as inorganic approaches to grow in the market. In April 2016, NEC Corp. launched a new E-band microwave radio used for backhauling LTE radio traffic. It has also entered into a distribution agreement with Axiata Group (Malaysia) to expand its product lines and enhance its mobile network services.
Related Reports:
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
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