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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 (2018-2028); 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 2023-2028 to reach a value of USD 13.84 billion by 2027.

 

Global Microwave Devices Market

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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.

 

Global Microwave Devices Market By Segment

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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.

 

Global Microwave Devices Market By Region

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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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Microwave Devices Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Microwave Devices Historical Market (2018-2022) 
    8.3    Global Microwave Devices Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    C-Band
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    X-Band
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Ku-Band
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Ka-Band
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
    8.5    Global Microwave Devices Market by Application
        8.5.1    Communication
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Medical
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Military and Defence
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others    
    8.6    Global Microwave Devices Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Microwave Devices Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Microwave Devices Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Microwave Devices Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Microwave Devices Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle  East and Africa Microwave Devices Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Cytec Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Communications & Power Industries (CPI)
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Teledyne e2V
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Richardson Electronics, Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    TMD Technologies Ltd
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Microwave Devices Market: Key Industry Highlights, 2018 and 2028
2.    Global Microwave Devices Historical Market: Breakup by Band Frequency (USD Billion), 2018-2022
3.    Global Microwave Devices Market Forecast: Breakup by Band Frequency (USD Billion), 2023-2028
4.    Global Microwave Devices Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Microwave Devices Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Microwave Devices Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Microwave Devices Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Microwave Devices Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Microwave Devices Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Microwave Devices Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Microwave Devices Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Microwave Devices Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Microwave Devices Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Microwave Devices Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Microwave Devices Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Microwave Devices Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Microwave Devices Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 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 2023-2028, 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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