According to a new report, published by KBV research, The Global Wireless Backhaul Equipment Market size is expected to reach $80.3 billion by 2030, rising at a market growth of 12.3% CAGR during the forecast period.
The Millimeter waves (mmW) segment would exhibit a CAGR of 12.9% during (2023 - 2030). MmWave frequencies offer significantly higher bandwidth compared to traditional microwave frequencies. This increased bandwidth translates to higher data rates, making mmWave technology well-suited for applications that require ultra-fast connectivity, such as high-definition video streaming, virtual reality (VR), and augmented reality (AR). Thus, these aspects will lead to increased demand in the coming years.
The Equipment segment is generating highest revenue in the Global Wireless Backhaul Equipment Market, By Offering in 2022; thereby, achieving a market value of $50.3 billion by 2030. The continuous expansion of mobile networks, driven by the proliferation of smartphones and the increasing demand for mobile data, fuels the need for advanced wireless backhaul equipment. Additionally, the deployment of broadband networks in urban and rural areas contributes to the growing demand for equipment that can handle high data traffic. These factors will boost the demand in the segment.
The Transportation & Logistics segment is experiencing a CAGR of 11.4 % during (2023-2030). Smart logistics solutions leverage wireless backhaul technology to optimize supply chain operations. Real-time tracking of shipments, inventory management, and coordination between various elements in the logistics chain requires reliable and high-speed connectivity, which wireless backhaul networks provide. As a result, there will be increased demand in the segment.
Full Report: https://www.kbvresearch.com/wireless-backhaul-equipment-market/
The Asia Pacific region dominated the Global Wireless Backhaul Equipment Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $30.9 billion by 2030. The North America region is anticipated to grow at a CAGR of 11.9% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 12.1% during (2023 - 2030).
By Frequency Band
By Offering
By Industry
By Geography
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