Point-to-Point Microwave Antenna Market Maintains Momentum as Expanding Communication Network in Developing Markets Pump Demand
According to a recent market report published by Future Market Insights titled, “Point-to-Point Microwave Antenna Market,” the global point-to-point microwave antenna market was valued at US$ 2782.5 Mn in 2018, and is expected to register a CAGR of 8.5% from 2019 to 2027. Growth in the penetration of smart devices and the number of connections to a particular network have risen which, in turn, is surging the demand for enhanced communication over each network. As the demand for enhanced communication is increasing, there is a greater need for enhanced hardware, such as point-to-point microwave antennas, to be deployed. This factor is driving the growth of the global point-to-point microwave antenna market. However, the high maintenance cost and the complexity in the installation of antenna systems is restraining the growth of the point-to-point microwave antenna market.
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Point-to-point microwave antennas have been used for connectivity by telecom carriers, corporate organizations, and governments. The main advantages of point-to-point microwave antennas are that these offer high speed, high availability over a large connection distance, and can also be efficiently used for carrying voice and data traffic in a number of bandwidth-intensive applications. These factors would lead to an increase in demand for point-to-point microwave antenna in various applications. These applications include the connection of remote locations with poor broadband areas, private data networks like LANs and WANs, utility networks like railways and pipelines, as a last mile network for corporate, SMEs and local government, and also for connecting buildings and facilities over large distances.
The global point-to-point microwave antenna market is categorized on the basis of frequency range, diameter, antenna type, polarization, and region. As per the frequency range segment, the point-to-point microwave antenna market is sub-segmented as 3.6 GHz to 9.9 GHz, 10.0 GHz to 29.9 GHz, and 30.0 GHz to 86.0 GHz. The 3.6 GHz to 9.9 GHz sub-segment is expected to be the dominating section in terms of value with a market share of around 50% in 2018. The 10.0 GHz to 29.9 GHz sub-segment is anticipated to grow at the highest growth rate among the frequency range section.
On the basis of diameter, the global point-to-point microwave antenna market is segmented into 0.2 m to 0.9 m, 1.0 m to 3.0 m, and 3.0 m to 4.6 m. As per FMI analysis, the contribution in terms of value from the 1.0 m to 3.0 m sub-segment is anticipated to expand at a CAGR of 9.2% during the forecast period. In terms of value share, the 1.0 m to 3.0 m sub-segment is again dominating the point-to-point microwave antenna market, accounting for around 65.0% share of the global point-to-point microwave antenna market revenue in 2018.
On the basis of antenna type, the global point-to-point microwave antenna market is segmented into parabolic antenna, flat-panel antenna, and others. The parabolic antenna segment is dominating the global point-to-point microwave antenna market with more than 60.0% share in terms of revenue in 2018.
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On the basis of polarization, the global point-to-point microwave antenna market is segmented into single-polarized antenna and dual-polarized antenna. The dual polarized antenna segment in the point-to-point microwave antenna market is expected to dominate the global market with a market share of more than 55% in 2018.
This report also covers trends which have been driving each segment and offers insights and analysis regarding the potential of point-to-point microwave antenna market in regions including Latin America, North America, Asia Pacific, Middle East and Africa, and Europe. Among the regions, the APEJ point-to-point microwave antenna market is projected to exhibit maximum growth in the global point-to-point microwave antenna market, registering a CAGR of 9.1% over the projected period. The revenue generation from the point-to-point microwave market in APEJ and North America together is likely to account for over 50% of the global point-to-point microwave antenna market revenue in 2018. Point-to-point microwave antenna providers can focus on expanding their business across several countries in the untapped areas of APEJ and Latin America regions such as India, Australia, and Brazil, where governments are coming up with new initiatives for better connectivity and would lead to increasing demand for point-to-point microwave antenna.
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Key competitors in point-to-point microwave antenna market are Infinite Electronics International, Inc. (radioWaves), Radio Frequency Systems, CommScope Holding Company, Inc., mWAVE Industries, LLC, Rosenberger, TESSCO Incorporated, Wireless Excellence Limited, LEAX Arkivator Telecom AB, Astrec Baltic Ltd., and Kavveri Telecoms.