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Global Microwave Devices Market: By Band Frequency: S-Band, C-Band, X-Band, Ku-Band, Ka-Band; By Application: Communication, Medical, Military and Defence, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Microwave Devices Market Outlook
The global microwave devices market reached a value of USD 10.16 billion in 2021. The industry is further expected to grow at a CAGR of 5.29% in the forecast period of 2022-2027 to reach a value of USD 13.84 billion by 2027.
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North America and the Asia Pacific to be Significant Regional Markets for Microwave Devices
North America accounts for a considerable share in the overall market growth of microwave devices due to the rise in the implementation of the latest technologies such as broadband data links, surface radars, and well-established industrial infrastructure. In addition, North America is home to a well-developed medical infrastructure that utilises microwave devices for diagnosis and treatment purposes, thereby contributing to the market growth. In line with this, the spending on healthcare services in the area is continuously expanding, owing to the ageing population that requires and demands cost-effective medical facilities, thereby increasing the demand for microwave products such as imaging systems. Further, the market growth can be associated with the development of advanced technologies that facilitate the extensive use of microwave devices across end-use sectors.
Following North America, the Asia Pacific region is expected to significantly contribute towards the market growth of microwave devices. The market expansion in the region can be ascribed to an increase in space operations and increased defence spending. The Asia Pacific region represents one of the key markets of microwave devices catering to telecom network bands, 4G. The introduction of 5G cellular technology is further likely to bolster the market demand for microwave devices in the forecast period and boost the growth of the market. These are some of the factors expected to drive the growth of the microwave devices in the Asia Pacific region.
Microwave Devices: Market Segmentation
Microwave devices are referred to devices that let users send and receive audio, video, and data over high-speed wireless links. These devices represent the basic components of microwave circuits that operate at frequencies ranging from 300 MHz to 300 GHz. They are employed in terrestrial point-to-point links, as well as satellite and deep-space radio communications. In addition, radars, radio navigation systems, sensor systems, and radio astronomy use them.
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On the basis of band frequency, the market is divided into:
- S-Band
- C-Band
- X-Band
- Ku-Band
- Ka-Band
Based on application, the market can be segmented into:
- Communication
- Medical
- Military and Defence
- Others
The EMR report looks into the regional markets for microwave devices like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Enhanced Communication Services in the Defence Sector Augmenting the Market Growth
Microwave devices use microwave links to establish point-to-point communication that aids in delivering maximum information enabled with high security to the end-user. The increasing need to transfer confidential information leads to the growing adoption of these devices across the defence sector, thereby enhancing the growth of the market. The rising expenditure on defence by developed and emerging economies owing to the rising cases of international disputes, terrorism, and need to strengthen national security are factors propelling the growth of the market. Furthermore, the market growth can be associated with favourable physical properties of the product like high efficiency, high thermal tolerance, and ability to withstand extreme environment conditions.
Moreover, with the increasing focus on implementing connected technologies such as the Internet of Things (IoT), the market is predicted to further witness growth in the coming years owing to optimum performance. Apart from this, the rising prevalence of cancer is expected to boost the demand for microwave technology in the healthcare sector for applications in medical imaging to detect life-threatening diseases. Hence, these are some of the factors expected to augment the market growth of microwave devices across industry verticals during the forecast period.
Key Industry Players in the Global Microwave Devices Market
The report gives a detailed analysis of the following key players in the global microwave devices market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cytec Corporation.
- Communications & Power Industries (CPI)
- Teledyne e2V
- Richardson Electronics, Ltd.
- TMD Technologies Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Band Frequency, Application, Region |
| Breakup by Band Frequency | S-Band, C-Band, X-Band, Ku-Band, Ka-Band |
| Breakup by Application | Communication, Medical, Military and Defence, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Cytec Corporation., Communications & Power Industries (CPI), Teledyne e2V, Richardson Electronics, Ltd., TMD Technologies Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Microwave Devices Market Analysis
8.1 Key Industry Highlights
8.2 Global Microwave Devices Historical Market (2017-2021)
8.3 Global Microwave Devices Market Forecast (2022-2027)
8.4 Global Microwave Devices Market by Band Frequency
8.4.1 S-Band
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 C-Band
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 X-Band
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Ku-Band
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Ka-Band
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.5 Global Microwave Devices Market by Application
8.5.1 Communication
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Medical
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Military and Defence
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Microwave Devices Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Cytec Corporation.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Communications & Power Industries (CPI)
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Teledyne e2V
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Richardson Electronics, Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 TMD Technologies Ltd
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Microwave Devices Market: Key Industry Highlights, 2017 and 2027
2. Global Microwave Devices Historical Market: Breakup by Band Frequency (USD Billion), 2017-2021
3. Global Microwave Devices Market Forecast: Breakup by Band Frequency (USD Billion), 2022-2027
4. Global Microwave Devices Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Microwave Devices Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Microwave Devices Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Microwave Devices Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Microwave Devices Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Microwave Devices Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Microwave Devices Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Microwave Devices Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Microwave Devices Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Microwave Devices Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Microwave Devices Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Microwave Devices Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Microwave Devices Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Microwave Devices Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Microwave Devices Market Structure
Key Questions Answered in the Report
In 2021, the global microwave devices market attained a value of about USD 10.16 billion.
The market is projected to grow at a CAGR of 5.29% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach nearly USD 13.84 billion by 2027.
The market is being driven by the rising applications of microwave devices in the healthcare sector for diagnosis and treatment purposes and advancements in telecom networking.
The market growth is being defined by rising demand for microwave devices to establish point-to-point communication in the defence sector, and continuous improvements in the IoT technology.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major band frequencies of microwave devices are S-band, C-band, X-band, Ku-band, and Ka-band.
The various applications of microwave devices are communication, medical, military and defence, among others.
The major players in the industry are Cytec Corporation, Communications & Power Industries (CPI), Teledyne e2V, Richardson Electronics, Ltd., and TMD Technologies Ltd, among others.
Analyst Review
The global microwave devices market attained a value of about USD 10.16 billion in 2021, driven by the growing adoption of the devices across the defence sector. Aided by the spending on healthcare services, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.29% to reach nearly USD 13.84 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market, based on band frequency, can be divided into S-band, C-band, X-band, Ku-band, and Ka-band. On the basis of application, the market can be classified into communication, medical, military and defence, among others. The major regional markets for microwave devices are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Cytec Corporation, Communications & Power Industries (CPI), Teledyne e2V, Richardson Electronics, Ltd., and TMD Technologies Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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