Discrete Wavelet Transform (DWT) is broadly considered as an efficient approach
to replace FFT in the conventional OFDM systems due to its better time-frequency localization, bit error rate improvement, interference minimization, improvement in bandwidth efficiency and many more advantages. In this project, Discrete Wavelet Transform based channel estimation method is proposed. The conventional Discrete Fourier Transform (DFT) based approach will cause energy leakage in multipath channel with non-sampled-spaced time delays. Discrete Cosine Transform (DCT) based channel estimator can mitigate aliasing error and high frequency distortion. Wavelet based systems provide better spectral efficiency because of no cyclic prefix requirement, with narrow side lobes and also exhibit improved BER performance. Meanwhile, channel estimation in wavelet based multicarrier systems still remains a big challenge. In this work an investigation into the performance of discrete wavelet transform based multicarrier system using zero forcing equalization in time domain is presented. The proposed system shows superior BER and MSE performance compared to Discrete Fourier Transform and Discrete Cosine Transform based channel estimator.