“Revenues for the MCN market would have been flat year-over-year, if it was not for the 5G Core deployments, primarily in China,” stated David Bolan, Research Director at Dell’Oro Group. “Huawei road the 5G Core wave buildout in China cements Huawei as the top-ranked vendor on a worldwide basis. All indications are that 2021 will be another record-breaking year,” Bolan added.

“It was a difficult market environment for Microwave Transmission sales in 2020,” said Jimmy Yu, Vice President at Dell’Oro Group. “The pandemic, of course, was the main cause for the market decline, especially in regions of the world that placed strict rules on travel.

“While we correctly identified the overall trajectory of the market going into the year and maintained the positive outlook even as the pandemic intensified and economists adjusted their GDP projections sharply downward,” said Stefan Pongratz, Vice President and analyst with the Dell’Oro Group. “We also need to recognize that we completely underestimated the magnitude and the breadth of the ascent in the fourth quarter and for the full year 2020, reflecting stronger than expected results in multiple regions,” continued Pongratz.

“We remain optimistic about the CBRS opportunity, but we have revised the outlook downward over the near-term to reflect the slower than expected CBRS uptake beyond Part 90Z to Part 96 driven deployments,” said Stefan Pongratz, Vice President and analyst at the Dell’Oro Group.