Demand for fiber optic cables such as higher bandwidth and durability continues to grow, and the growing popularity of 4G, 5G, LTE, and VoIP technologies, as well as increased military spending on C4I systems to enhance communications and security, are driving market growth.

It is expected that by 2023, packet microwaves will occupy the largest share of the microwave transmission equipment market. It is a low-cost, high-capacity communication technology that is easy to install in urban and rural areas. Advantages of broadband services based on packet microwave technology include increased bandwidth, improved modulation and higher throughput microwave radio, which enables efficient transmission of time-division multiplexed and Ethernet packets over wireless links and for carrier Ethernet Web services provide innovative and cost-effective wireless transmission solutions.

During the forecast period, the communications sector will account for the largest share of the RF fiber transmission market. The emergence of industrial Internet of Things (IIoT) and machine-to-machine (M2M) communications is also expected to drive growth in the communications application market.

In 2017, the Asia Pacific region accounted for the largest share of the RF fiber transmission market, followed by North America and Europe. By 2023, the Asia-Pacific region will also grow at the highest rate. In 2017, China and India accounted for a significant share of the Asia Pacific market. The high growth in the region's market can be attributed to the growing demand for high-speed wireless connectivity in consumer applications such as smartphones, high-definition video broadcasts, and e-commerce portals.

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