Mobile network operators drove all of the increase in Microwave Transmission equipment in the first nine months of 2022. The revenue associated with microwave equipment being used for mobile backhaul grew 8 percent year-over-year in the period.

As a result of component shortages, Russia-Ukraine war, and a weaker euro currency, the European market for microwave equipment continued to decline at a high double-digit rate in 3Q 2022.

E-band radio shipments are expected to return to a higher growth rate in the coming quarters with the recent 5G spectrum awards in India. Indian operators have awarded a number of vendors with E-band equipment contracts.

Huawei continued to lead the market in revenue share, followed by Ericsson, Nokia, and Ceragon.