The global communication relays market is anticipated to grow at a significant CAGR during the forecast period. The communication relays play an important role in the development of next-generation communication systems. Communication relays can considerably improve the overall performance of a communication system’s coverage. They can boost network efficiency and service availability. Communication relays save operators money on backhaul as they don’t require a wired connection to the network.
The demand from various communication component manufacturers, such as telephone switching equipment, broadband equipment, mobile base stations, and so on, is fuelling the expansion of the communication relays. Spending on broadband equipment has increased significantly across the globe, notably in Asia Pacific countries such as India and China. Furthermore, the rising demand for new and faster video broadband services, as well as innovative architecture, is propelling the growth of network infrastructure, which is likely to propel the communication relays market during the forecast period.
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Owing to the dramatic increase in sales of smartphones and tablets around the globe, and the growing number of cell phone users, mobile operators in emerging countries are expanding their areas of operation by adding new mobile base stations. This factor is expected to drive the global communication relays market. However, a lack of innovation and investment in R&D activities by manufacturers is estimated to hinder the growth of the market.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By Application
- Competitive Landscape: RJS Electronics Ltd., Omron Electronic Components LLC, Siemens AG, Panasonic Corp., among others.
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Global Communication Relays Market Segmentation
By Type
- Telephone Switching Equipment
- Mobile Base Stations
- Broadcast Studios
- Broadband Equipment
- Others
By Application
- BFSI
- Manufacturing
- Healthcare
- Utilities
- IT
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
