The rapid rise of Huawei Technologies continued in the fiscal 2009-10 with the company racing past its fierce European competitors Ericsson and Nokia Siemens Networks (NSN) reveals new findings by Voice&Data.

Huawei’s revenues during the mentioned period increased from Rs.6,240 crore to Rs.11,000 crore at a yearly growth rate of 76.3%. Its Chinese counterpart, ZTE Corp. was the only other vendor to register a phenomenal growth rate of 50% with revenue rising from Rs.4,800 crore to Rs.7,200 crore.

Overall the telecom equipment sector (Voice&Data100 survey considers enterprise equipment, carrier equipment and phone segments) witnessed a growth rate of 18.6% which is lower than the 20% growth achieved in fiscal 2008-09. Overall revenues for the sector was at Rs.136,833 crore or $ 28.8 billion as compared to Rs.115,382 crore last fiscal.

“The telecom equipment segment growth is impressive in the backdrop of the recession-hit economy at large, and the fact that the 3G rollout did not happen last year,” said Ibrahim Ahmad, group editor, Voice&Data).

The magazine from CyberMedia predicts that the segment will continue to grow in the current fiscal due to the 3G and BWA network rollout opportunity as well as 2G network expansion by operators especially the new entrants.

Nokia is at the top of the list with revenues of Rs.14,100 crore. But the Finnish company witnessed a decline of 14.9 % in its revenues.

Ericsson and NSN managed moderate growth rates of 4.9% and 9.9% respectively.

The Carrier Equipment segment grew at a rate of 21% to clock revenues of Rs.89,476 crore or $ 19 billion fueled by growth of wireless infrastructure, WiMAX transmission and broadband infrastructure.

The Enterprise telecom equipment sector grew by 31% to reach Rs.20,007 crore. Switch and Router sectors grew by 92% and 65% respectively.