PUNE, India, November 23, 2016 /PRNewswire/ -- According to the new market research report "Microwave Transmission Equipment Market by Network Technology (Hybrid, Packet Microwave, Small Cell), Component (IDU, ODU), Frequency Band, Mounting Type (Full Indoor, Split Mount, Full Outdoor), Application, and Geography - Global Forecast to 2022", published by MarketsandMarkets, The market was valued at USD 4.88 Billion in 2015 and is expected to reach USD 6.18 Billion by 2022, at a CAGR of 3.38% between 2016 and 2022. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 66 market data Tables and 59 Figures spread through 151 Pages and in-depth TOC on"Microwave Transmission Equipment Market - Global Forecast to 2022"http://www.marketsandmarkets.com/Market-Reports/microwave-transmission-equipment-market-37478683.htmlEarly buyers will receive 10% customization on this report. Factors such as increasing use of cellular communication networks for facilitating M2M connectivity, growing spectrum efficiency and automation level, and rise in 4G, LTE advanced standards are driving the growth of this market. Factors such as increasing use of cellular communication networks for facilitating M2M connectivity, growing spectrum efficiency and automation level, and rise in 4G, LTE advanced standards are driving the growth of this market. Packet microwave network technology likely to account for the largest share of the microwave transmission equipment market between 2016 and 2022 Packet microwave is expected to hold the largest share in the Microwave Transmission Equipment Market by 2022. It is a low-cost, high-capacity communication technology, which is easy to install in urban as well as rural areas. The advantages of packet microwave technology-based broadband services include increased bandwidth, improved modulation, and higher throughput capacities of microwave radios. This technology enables the efficient transmission of TDM and Ethernet packet over radio links and offers innovative and cost-effective wireless transmission solutions for carrier Ethernet services. Microwave transmission equipment market for cellular communication expected to hold the largest share during the forecast period Cellular communication is expected to account for the largest share of the microwave transmission equipment market during the forecast period. Increasing cellular communication is driving the growth of the microwave transmission equipment market. Cellular communication services can be provided for domestic and enterprise applications using microwave technologies at affordable costs.