Mobile network operators continued to install more wireless backhaul, driving a large increase in demand for Microwave Transmission equipment in 2022. A further five percent increase in mobile backhaul demand is projected for 2023.

Component shortages began to ease in late 2022. By the fourth quarter, the revenue shortfall from inadequate supply declined to only a percent.

Huawei, Ericsson and Nokia held the highest revenue share in 2022. Among these top three manufacturers, Huawei was the only vendor to increase its market share.

Huawei regained two percentage points of market share in the year. The company significantly improved its share across all regions with the exception of countries that exclude Huawei gear for geopolitical reasons.