The sales of point-to-point microwave antennas by German manufacturers are anticipated to expand at a CAGR of about 3.5% within the European Union.
As per the market estimates, the global point-to-point microwave antenna market value would reach US$ 4.2 billion in sales in 2023. According to the most cautious projections, this valuation is anticipated to reach US$ 9.6 billion representing an annual growth rate of 8.7% following 2023.
The global demand for point-to-point microwave antennas grew at an 8.3% average annual growth rate during the years 2017 to 2022. Based on the market survey figures, the net worth of total point-to-point microwave antenna products sold in the year 2022 reached US$ 3.8 billion. Our most recent analysis predicts a major shift in the point-to-point microwave antenna market during the forecast years compared to the 2017 to 2022 survey period.
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Communication across every network is increasing as a result of the higher penetration of smart devices over time has increased the demand for point-to-point microwave antennas. Also in many other areas of applications, such as satellite or defense communication, which transmit and receive data point-to-point, a microwave antenna is crucial. In addition to this, proper structuring of the distribution channel, and contracts with the governments of different countries have also boosted sales recently.
Key Takeaways from the Point-to-point Microwave Antenna Market Study Report
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Competitive Landscape for the Point-to-point Microwave Antenna Market Players
CommScope Holding Company, Inc., Infinite Electronics International, Inc. (radioWaves), Radio Frequency Systems, mWAVE Industries, LLC, Rosenberger, TESSCO Incorporated, Wireless Excellence Limited, LEAX Arkivator Telecom AB, Astrec Baltic Ltd., and Kavveri Telecoms among others are some of the major players in the global point-to-point microwave antenna market.
Point-to-Point Microwave Antenna Market: Key Segments
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Point-to-Point Microwave Antenna Market: Key Regions Covered:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Apr 16, 2023