Global telecommunications equipment market growth slowed further in 2022, posting an overall un Increased revenues by 3% year over yearcompared to the 8% recorded in 2021 and also compared to the previous forecast, which estimated +4%, SIA refers to foreign media.
This is attributable to the more difficult situation in advanced 5G markets, the exits of suppliers from the Russian market and the strengthening of the US dollar.
Supply issues also negatively impacted the market in the first half of 2022, although they eased in the second half.
At the regional level, the American continent (North America and CALA) has shown strong growth which compensated for tougher conditions in EMEA and Asia Pacific.
Despite China posting 4% growth, global telecom equipment revenues excluding China are projected to grow only 3% in 2022.
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