Wireless Backhaul Equipment Market to Reach $104.8 Billion, Globally, by 2031 at 12.9% CAGR: Allied Market Research
The increasing demand for high-speed and reliable connectivity, the rise in testing of 5G technology, surge in use of millimeter wave technology-based scanner systems in transportation and airports, and the rise in demand for smart devices drive the global wireless backhaul equipment market.
PORTLAND, Ore., March 2, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Wireless Backhaul Equipment Market by Offering (Equipment, Services), by Frequency Band (4GHz to 11 GHz, 6GHz to 42 GHz, Millimeter Waves (mmW)), by End Use Industry (Telecommunications, Healthcare, Government and Defense, Commercial, Transportation and Logistics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031" According to the report, the global wireless backhaul equipment industry was valued at $31.9 billion in 2021 and is estimated to generate $104.8 billion by 2031, witnessing a CAGR of 12.9% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Drivers, Restraints, and Opportunities
The increasing demand for high-speed and reliable connectivity, the rise in testing of 5G technology in the U.S., Japan, South Korea, and China, surge in use of millimeter wave technology-based scanner systems in transportation and airports, and the rise in demand for smart devices drive the wireless backhaul equipment market. However, stringent government regulations and standards for wireless spectrum usage, and competition from alternative backhaul technologies, such as fiber optic networks hinder the global market growth. On the other hand, expansion of 5G networks, increasing deployment of IoT applications, and government support and initiatives to promote rural connectivity and digitalization will present new growth opportunities for the global wireless backhaul equipment market in the coming years.
Request Research Sample with Latest Industry Insights (426+ Pages, 123 Tables and 71 Charts Report): https://www.alliedmarketresearch.com/request-sample/5871
The equipment segment to dominate the market during the forecast period
Based on offering, the equipment segment contributed to the largest share of nearly three-fifths of the global wireless backhaul equipment market in 2021 and is expected to maintain its dominance during the forecast period. The same segment is projected to witness the fastest CAGR of 13.26% from 2022 to 2031. This is due to the increasing demand for higher data rates, the need for more reliable connections, and the need for more efficient use of spectrum.
The millimeter waves segment to achieve the highest revenue and fastest growth during the forecast period
Based on frequency band, the 6GHz to 42 GHz segment grabbed the highest share of more than one-third of the overall wireless backhaul equipment market in 2021. This is due to the increasing demand for high-speed data transmission, the development of new wireless standards, and the adoption of millimeter-wave technology in various industries. However, the millimeter waves (mmW) segment is projected to dominate the market in terms of revenue and witness the fastest CAGRof 13.95% from 2022 to 2031. Millimeter waves have emerged as a promising technology for the next generation of wireless communication and the segment is expected to play a significant role in enabling high-speed data transmission.
Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/5871
The transportation and logistics segment to grab the highest revenue during the forecast period
Based on end use industry, the transportation and logistics segment grabbed the highest share of nearly one-fourth of the wireless backhaul equipment market in 2021 and is expected to dominate the market in 2031. The same segment would witness the fastest CAGR of 15.65% from 2022 to 2031. This is due to the increasing demand for real-time communication and data transmission in the transportation and logistics sector. Moreover, the growth of e-commerce, the increase in use of connected devices for supply chain management, the development of autonomous vehicles, and the increase in demand for efficient and effective transportation management contribute toward the growth of the transportation and logistics wireless backhaul equipment market.
Asia-Pacific to achieve the largest revenue and fastest growth by 2031
Based on region, the market in Asia-Pacific was the largest in 2021, accounting for nearly two-fifths of the global wireless backhaul equipment market and is likely to maintain its dominance during the forecast timeframe. The same market is likely to show the fastest CAGR of 13.94% during the forecast period. This is due to the increase in demand for high-capacity backhaul solutions, growth of the IoT market, an increase in use of cloud-based services, large population, and the rise in urbanization in the region.
Leading Market Players
The report analyzes these key players of the global wireless backhaul equipment market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
Want to Access the Statistical Data & Graphs, and Key Players 'Strategies: https://www.alliedmarketresearch.com/wireless-backhaul-equipment-market/purchase-options
Trending Reports in Semiconductor and Electronics Industry:
Luminaire and Lighting Control Market by Product (Luminaire and Lighting Control), Component (Hardware, Software, and Services), Light (LED, Halogen, Fluorescent, HID, and Others), Technology (Wired and Wireless), and Application (Indoor and Outdoor): Global Opportunity Analysis and Industry Forecast, 2021–2030
Surface Acoustic Wave (SAW) Filters Market by Type (RF SAW Filters and IF SAW Filters), Enterprise Size (Small & Medium Enterprise and Large Enterprise), Frequency Range (100 MHz, 101–1,000 MHz, 1,001–2,000 MHz, and More Than 2,000 MHz), and Industry Vertical (Consumer Electronics, Automotive, Aerospace & Defense, Telecommunications, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
AI CCTV Market by Camera Type (Analog Camera, HD Analog Camera, and IP Camera), Technology (CMOS Technology and CCD Technology), and End User (Residential, Commercial, and Industrial) : Global Opportunity Analysis and Industry Forecast, 2021–2030
DC Chargers Market by Power Output (Less Than 10 kW, 10 Kw to 100 kW, Greater Than 100 kW) and End Use (Automotive, Consumer Electronics and Industrial): Opportunity Analysis and Industry Forecast, 2021–2030
Fire Alarm and Detection System Market by Offering (Hardware and Software), Product Type (Fire Alarm Type and Detector Type), Detection Technology (Addressable and Conventional), Connectivity (Wired and Wireless), and End User (Commercial, Residential, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
View original content:https://www.prnewswire.co.uk/news-releases/wireless-backhaul-equipment-market-to-reach-104-8-billion-globally-by-2031-at-12-9-cagr-allied-market-research-301760708.html