According to Cognitive Market Research, The Global Microwave Radio market size is USD 17.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 15.6% from 2023 to 2030.
5G's need for high-speed, low-latency backhaul solutions has driven the growth of the microwave radio market.
The microwave radio market thrives on the need for high-capacity data transport solutions amid widespread digital transformations across industries, underscoring its pivotal role in this transition.
The Defense and security segment is the microwave radio market's growth leader, meeting the increasing demand for secure, high-speed data communication and surveillance by governments and military organizations in security-focused regions.
North America will continue to lead, whereas the Asia Pacific Microwave Radio Market will experience the strongest growth until 2030.
