Global Microwave Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

LTE, HSPA/HSPA+, WiMAX, Satellite, and Wireless Broadband.

By Vertical;

BFSI, IT & Telecom, Media & Entertainment, Public Sector, Retail, Manufacturing, and Healthcare.

By End User;

Small & Medium Enterprise and Large Enterprises.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn119421755 Published Date: May, 2025 Updated Date: June, 2025

Microwave Equipment Market Overview

Microwave Equipment Market (USD Million)

Microwave Equipment Market was valued at USD 5,213.43 million in the year 2024. The size of this market is expected to increase to USD 6,768.69 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.8%.


Global Microwave Equipment Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 3.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.8 %
Market Size (2024)USD 5,213.43 Million
Market Size (2031)USD 6,768.69 Million
Market ConcentrationHigh
Report Pages388
5,213.43
2024
6,768.69
2031

Major Players

  • ZTE Corporation
  • Ericsson
  • Huawei
  • Nokia Networks
  • Bridgewave Communications
  • Alcatel-Lucent
  • Dragonwave
  • Proxim Wireless
  • E Band Communications
  • Ceragon Network Ltd.
  • Aviat Networks
  • Exalt Communication
  • Intracom Telecom
  • Adtran
  • SIAE Microelettronica S.p.A
  • Cambridge Broadband

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Microwave Equipment Market

Fragmented - Highly competitive market without dominant players


The Microwave Equipment Market is advancing steadily, driven by its critical role in wireless data transmission. With over 55% of telecom infrastructure relying on microwave solutions, the technology remains a cornerstone for high-speed backhaul and transmission systems, especially in densely connected communication networks.

Defense and Aerospace Applications on the Rise
Microwave technology continues to be a key enabler in the defense and aerospace sectors. Nearly 40% of military communication systems utilize microwave platforms, thanks to their signal reliability, reduced interference, and adaptability across advanced radar and satellite frameworks.

Utilization Across Scientific and Industrial Fields
Microwave systems are also gaining momentum in scientific research and industrial automation. Around 30% of applications in these sectors now employ microwave tools, owing to their precision, non-contact performance, and compatibility with high-sensitivity processes like spectroscopy and thermal treatment.

Emphasis on Compact and Modular Designs
Recent product development trends show that around 35% of new microwave systems focus on compactness and modular integration. These systems not only improve operational efficiency but also support software-driven customization, making them attractive for varied use cases.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Vertical
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Microwave Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. IoT Growth
        2. Increasing Data Traffic
        3. Demand for High Bandwidth
      2. Restraints
        1. Spectrum Constraints
        2. High Initial Investment
        3. Regulatory Challenges
      3. Opportunities
        1. Technological Advancements
        2. Rural Connectivity
        3. Industry 4.0 Integration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Microwave Equipment Market, By Technology, 2021 - 2031 (USD Million)
      1. LTE
      2. HSPA/HSPA+
      3. WiMAX
      4. Satellite
      5. Wireless Broadband
    2. Microwave Equipment Market, By Vertical, 2021 - 2031 (USD Million)
      1. Banking, Financial Services, & Insurance (BFSI)
      2. IT & Telecom
      3. Media & Entertainment
      4. Public Sector
      5. Retail
      6. Manufacturing
      7. Healthcare
    3. Microwave Equipment Market, By End User, 2021 - 2031 (USD Million)
      1. Small & Medium Enterprise
      2. Large Enterprises.
    4. Microwave Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ZTE Corporation
      2. Ericsson
      3. Huawei
      4. Nokia Networks
      5. Bridgewave Communications
      6. Alcatel-Lucent
      7. Dragonwave
      8. Proxim Wireless
      9. E Band Communications
      10. Ceragon Network Ltd.
      11. Aviat Networks
      12. Exalt Communication
      13. Intracom Telecom
      14. Adtran
      15. SIAE Microelettronica S.p.A
      16. Cambridge Broadband
  7. Analyst Views
  8. Future Outlook of the Market