Microwave transmission equipment revenue declined 8 percent year-over-year in the first quarter of 2024, according to Dell’Oro Group. The market contraction was mostly due to a rapid deceleration in mobile radio deployments in the quarter.
“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,” Jimmy Yu, Vice President at Dell’Oro Group, said.
Dell’Oro Group has lowered its outlook for microwave transmission equipment saying the growth will be one percent as a result of the sharp slowdown in mobile networks. The report did not reveal the specific revenue of the microwave transmission equipment industry.
Revenue associated with mobile backhaul declined 11 percent in the quarter. The report did not reveal the revenue for the mobile backhaul industry.
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 including Aviat, Ceragon, Huawei, and ZTE have increased their revenue in 1Q 2024. Aviat and Ceragon benefited from acquisitions that closed at the end of 2023.
