Microwave technology is used for the transmission of information with the help of microwave radio waves. The global microwave equipment market is driven by the upsurge in the adoption of Ethernet and growing demand from It & Telecom and the aerospace sectors. The rising number of base station installations for providing better quality services than LTE networks and development in the High-Speed Packet Access (HSPA) will impel market growth in the upcoming period. However, the high development cost may restrain the market growth at the global level. Inter technology competition and pricing pressure are the major challenges for key players in the microwave equipment market.
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