The global microwave devices market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing usage of microwave transistor technologies and amplifier technology in various applications including communication and medical.
Microwave devices are range of equipment especially electrical and electronic items having the capacity to detect, measure, modify, and amplify microwave or circuits having microwave frequencies. The band frequencies are set between particular points, which are broadly categorized under the terms such as Ku-Band, S-Band, X-Band, C-Band, and Ka-Band. These devices are frequently used in base station use, measurement equipment, and area of test wireless device. Microwave devices may be categorized into two types as high-power vacuum-tube devices and low-power solid-state devices. Many of the devices offer heat tolerance and high efficiency in microwave transistors.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing introduction of advanced technologically-equipped new microwave devices for better telecommunication networks present a main driver of the market.
- Wide expansion of the global communication industry and telecom network bands enabling the commission of microwave emitting hardware in 4G network towers is another key factor boosting the market.
- Requirement of effective means for military and defense communication and high spending in military equipment development further fuel the market expansion.
- High installation cost as well as cost of equipment are main challenges that can hinder the market expansion in the coming years.
- Rising investments in R&D programs for the development of innovative sophisticated microwave devices by the key manufacturers are offering immense growth opportunities of the market.
Scope of the Report
The report on the global microwave devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Microwave Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Medical, Military & Defense, Communication, and Others), Band Frequency (C-Band, S-Band, Ku-Band, X-Band, and Ka-Band), and Communication Types (Wireless, Cabled, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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e2V; L-3 Communication Systems; MicroWave Technology, Inc.; RFMD; Cytec Corporation; Toshiba Corporation; Communications & Power Industries LLC; Teledyne Technologies, Inc.; Thales Group; TMD Technologies Ltd.; and Richardson Electronics, Ltd.
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Market Segment Insights
Communication segment is expected to grow at a rapid pace
Based on applications, the global microwave devices market is divided into medical, military & defense, communication, and others. The communication segment is expected to grow at a rapid pace during the forecast period owing to the rapid expansion of communication networks for various application across industries. Communication represents a core component of any business setup. However, the medical segment is anticipated to hold a key share of the market in the coming years owing to wide use of the devices for medical diagnostics for testing and imaging. Furthermore, they also provide detection of cancer cells at early stages.
C-Band segment is projected to expand at a considerable CAGR
On the basis of band frequency, the market is segregated into C-Band, S-Band, Ku-Band, X-Band, and Ka-Band. The C-Band segment is projected to expand at a considerable CAGR during the forecast period as the band frequency is most common and widely used across multiple sectors including communications, television, and satellite. It is one of the most affordable communication applications including fiber optics implemented in radio transmissions and particle accelerators.
Wireless communication segment is expected to grow rapidly
On the basis of communication types, the global microwave devices market is segregated into wireless, cabled, and others. The wireless communication segment is expected to grow rapidly during the forecast period due to increasing adoption of communication devices including mobile phones and laptops. Moreover, the rising installation of satellites and communication towers for effective communication network presents another key driver of the segment.
North America is anticipated to constitute a key market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to extensive implementation of broadband data links, countermeasures, and surface radars. Apart from large-scale investments in the defense, the region is a key destination for advanced technology communication system that helps in the expansion of the regional market. On the other hand, the market of Europe is projected to register healthy growth in the coming years owing to rising investment for R&D projects and presence of main players or vendors such as Thales group, e2v, and TMD technologies ltd.
Segments
The global microwave devices market has been segmented on the basis of
Applications
- Communication
- Medical
- Military & Defense
- Others
Band Frequency
- S-Band
- C-Band
- X-Band
- Ku-Band
- Ka-Band
Communication types
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- e2V
- L-3 Communication Systems
- MicroWave Technology, Inc.
- RFMD
- Cytec Corporation
- Toshiba Corporation
- Communications & Power Industries LLC
- Teledyne Technologies, Inc.
- Thales Group
- TMD Technologies Ltd.
- Richardson Electronics, Ltd.
Competitive Landscape
Key players competing in the global microwave devices market are e2V; L-3 Communication systems; MicroWave Technology, Inc.; RFMD; Cytec Corporation; Toshiba Corporation; Communications & Power Industries LLC; Teledyne Technologies, Inc.; Thales Group; TMD Technologies Ltd.; and Richardson Electronics, Ltd. Some of these players mainly focus on new developments that allow high-quality and low-cost manufacturing. Many organizations have engaged on collaboration for broadening and mergers & acquisitions to enhance their product benefits across different industries.
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