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.
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.
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Key Takeaways from the Point-to-point Microwave Antenna Market Study Report
- Rapid technological advancements in microwave antenna devices are poised to keep the market in the United States profitable during the forecast years. Over these ten years, the regional market is projected to progress at 8.4% and reach a net worth of US$ 1.9 billion by 2033.
- 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. The net value of microwave antenna products to be originated by Germany is poised to reach US$ 575.2 million by the end of the year 2033.
- In the Asia Pacific region, China is the leading market in the production of point-to-point microwave antenna equipment and is growing at an 8.9% growth rate. Further, the regional players are expected to continue this higher growth rate until 2033 for a net valuation of US$ 1 billion.
- Meanwhile, the sales of the point-to-point microwave antenna market in India are growing at an even higher rate of 9.3% these days. By holding on to this lucrative year-on-year growth, the regional players might take the overall market up to US$ 798.1 million by 2033.
- Japan is another notable geographic market in the Asia Pacific region having a strong market of point-to-point microwave antenna systems. After, the introduction of 5G, domestic demand has revived which could develop the regional market at a 2.2% annual growth rate.
- Among the different types of microwave antennae, the parabolic antenna segment is projected to register a CAGR of 9.1% through 2033. Meanwhile, the affordability of the flat top antenna segment is expected to keep its market share intact during the projected years.
- Based on polarization, the dual polarization antenna segment captures the dominant share of the revenue generated by the market globally. Until the year 2033, this market segment is poised to progress at an annual rate of 8.7% as per the FMI 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
By Frequency Range:
- 3.6 GHz to 9.9 GHz
- 10.0 GHz to 29.9 GHz
- 30.0 GHz to 86.0 GHz
By Diameter:
- 0.2 m to 0.9 m
- 1.0 m to 3.0 m
- 3.0 m to 4.6 m
By Antenna Type:
- Parabolic Antenna
- Flat Panel Antenna
- Others
By Polarization:
- Single Polarized Antenna
- Dual Polarized Antenna
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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