Market Introduction
The ongoing expansion of the automotive manufacturing sector in the South America region is attributed to the presence of market players in the region. Brazil is a potentially large domestic market and a growing economy. However, with time the country is witnessing rising demand of telecom and radar communication is supporting the growth of the microwave transmission equipment market in the region. According to a new study by Nokia and research firm Omdia, 5G technologies could bring up to $3.3 trillion to Latin America by 2035. Further, the need for better quality emergency communications encourages the deployment of network slices, a key feature of the coming versions of 5G. In the future, Industry 4.0, a large part of the new value creation offers the ability for humans to remotely see, understand, manage, operate, fix, and generally interact with all manner of physical systems and machines with 5G. In Chile, operators are also focusing on bundling packages of fast broadband and TV and keeping up the upgrade from asymmetric digital subscriber line to ultra-fast broadband to protect market share. For instance, the Brazilian government has formulated favourable trade investment policies to encourage private investments in varied industry vertical. The Brazilian government has also made provisions to give exemption to investors from custom duties and other taxes on the purchase of certain infrastructure and capital goods. Such government initiatives to support the growth of the ICT sector would strengthen the telecom industry in the region, which is expected to support the growth of the microwave transmission equipment market in the region in the coming years.
Market Overview and Dynamics
The Microwave Transmission Equipment Market in SAM is expected to grow from US$ 226.74 million in 2021 to US$ 341.13 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028. Increased 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 SAM 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.
Key Market Segments
In terms of Frequency Band type, the C band segment accounted for the largest share of the SAM 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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the SAM 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; Huawei Technologies Co., Ltd; Telefonaktiebolaget LM Ericsson; SIAE MICROELETTRONICA Group; Nokia Corporation; Anritsu; Aviat Networks, Inc; Ceragon Networks Ltd; DragonWave-Xare.
Reasons to buy report
SAM Microwave Transmission Equipment Market Segmentation
SAM Microwave Transmission Equipment Market – By Network Technology Type
SAM Microwave Transmission Equipment Market – By Component
SAM Microwave Transmission Equipment Market – By Mounting Type
SAM Microwave Transmission Equipment Market – By Application
SAM Microwave Transmission Equipment Market – By Country
SAM Microwave Transmission Equipment Market-Companies Mentioned