According to a recently published report from Dell’Oro Group, point-to-point microwave transmission equipment revenue declined 8 percent year-over-year in the first quarter of 2024. The market contraction was mostly due to a rapid deceleration in mobile radio deployments in the quarter.
“This was a tough quarter for the microwave transmission equipment market,” stated Jimmy Yu, vice president at Dell’Oro Group. “The market slowdown occurred across multiple geographies with only two regions posting a positive year-over-year growth rate. Those regions were North America and the Middle East and Africa. As a result of the sharp slowdown in mobile networks, we lowered our full year 2024 outlook to only a one percent growth rate. We continue to believe the market environment will strengthen as the year unfolds, but the first half of 2024 is now projected to be much weaker than we initially anticipated,” added Yu.
Additional highlights from the 1Q 2024 Microwave Transmission & Mobile Backhaul Quarterly Report:
The microwave transmission market declined year-over-year in 1Q 2024, driven by less demand for Mobile Backhaul. Revenue associated with Mobile Backhaul declined 11 percent year-over-year in the quarter.
Among the major regions for microwave installations for wireless backhaul, India had the steepest decline, shrinking by 50 percent compared to the year-ago quarter.
Four vendors (Aviat, Ceragon, Huawei and ZTE) accomplished to increase their revenue in 1Q 2024 compared to the same period last year. Aviat and Ceragon benefited from acquisitions that closed at the end of 2023.
The Dell’Oro Group Microwave Transmission & Mobile Backhaul Quarterly Report offers complete, in-depth coverage of the market with tables covering manufacturers’ revenue, ports/radio transceivers shipped and average selling prices by capacities (low, high and E/V Band). The report tracks point-to-point TDM, packet and hybrid microwave as well as full indoor and full outdoor unit configurations.