Microwave Devices Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

Microwave devices use frequencies between the bandwidth of 300 MHz to 300 GHz and offer high-speed wireless connections to send and receive video, voice, and data information. These devices are typically used in point-to-point connections on the surface of the Earth and satellite and deep-space radio communications. These devices offer undisturbed propagation in air medium with minimum loss in transmission. As a result, they are most commonly used in electronic devices, including medical devices, phones, sensor systems, radio astronomy, radars, kitchen equipment, navigation systems, and telecommunication devices for applications such as navigation, satellite communications, and radar signals. These devices can also be fused in solid-state devices such as integrated circuits, diodes, and resistors. The global microwave devices market includes players engaged in developing and launching microwave devices technologies and various other related products. The microwave devices market is estimated to flourish at a compounded annual growth rate (CAGR) of 5.5% during the forecast period of 2022-2030.

 

Growth Drivers:

The incidence of life-threatening diseases has been growing massively across the globe in recent years. Microwave devices are heavily used in the medical industry due to their short wavelengths and their ability to enable precise ablations. They are also used in ICUs, emergency settings, and operating rooms to offer warm fluid to patients with rare conditions. Moreover, technological advancements in healthcare facilities are also growing, which are facilitating the adoption of new and advanced devices. Both these factors are projected to offer enormous growth opportunities for global microwave devices in the next few years, especially during the forecast period of 2022-2030.

Additionally, the major players present in the microwave devices market are allocating substantial funds and efforts in R&D activities to develop sophisticated and technologically advanced microwave devices with enhanced accuracy. Few recent developments in the industry have been in the advent of next-generation microwave devices with hybrid spin electromagnetic waves in ferrite-ferroelectric layered structures; the improvement and expansion in lines of attenuators and terminations, and directional couplers; miniaturization, and the massive reduction in power consumption and improved propagation in microwave devices. These advancements focused on enabling effective communication and transmission of signals and also meeting the ever-changing market demands are expected to significantly boost the growth of the global microwave devices market during the forecast period.

Furthermore, the burgeoning need for secure and fast communication, the augmenting demand for microwave devices in patient monitoring, the rising spending on surveillance and intelligence, the growing usage of mobile phones, the escalating space exploration activities, the proliferating demand for secured military communication coupled with the surging military & defense expenditure, and the increasing penetration of wireless communication networks across the globe are among other primary factors fueling the growth of the global microwave devices market.

However, the high costs associated with the integration of microwave devices, the concerns regarding electromagnetic interference, the growing semiconductor shortage, and device complexity are expected to act as major hindrances to the growth of the global microwave devices market during the forecast period.

Microwave Devices Market Segmentation:

By Product:

·         Active Microwave Devices

o   Solid-State Microwave Devices, By Type

§  Solid-State Power Amplifier

§  Other Solid-State Microwave Devices

o   Solid-State Microwave Devices, By Material

§  Gallium Arsenide (GAAS)

§  Silicon

§  Gallium Nitride (GAN)

§  Silicon Carbide (SIC)

§  Other Materials

o   Vacuum Electron Microwave Devices, By Type

§  Travelling Wave Tube Amplifier (TWTA)

§  Klystron

§  Magnetron

§  Crossed-Field Amplifier

§  Other Vacuum Electron Microwave Devices

·         Passive Microwave Devices

 

By Frequency:

·         Ku-Band

·         C-Band

·         Ka-Band

·         L-Band

·         X-Band

·         S-Band

·         Other Bands

 

By End User:

·         Space & Communication

·         Military & Defense

·         Healthcare

·         Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Microwave Devices Market: Product Review:

Based on product, the global microwave devices market is categorized into active microwave devices and passive microwave devices. The active microwave devices segment led the market in 2021. The segment is expected to maintain its lead further in the market during the forecast period of 2022-2030. The extensive use of active microwave devices in several space & defense electronics is the major factor attributed to the large share of this segment.

 

Microwave Devices Market: Frequency Review:

Based on frequency, the global microwave devices market is segmented into Ku-band, C-band, Ka-band. L-band, X-band, S-band, and other bands. The Ku-band segment held the largest share in the market in 2021, followed by the C-band segment, and is projected to continue to lead the market during the forecast period of 2022-2030. The high usage of microwave devices with Ku-band frequency for satellite communication due to their enhanced spot beam coverage, cost-effectiveness, lower throughput, less susceptibility, and shorter wavelengths are primarily ascribed to the large share acquired by this segment. However, the X-band segment is predicted to register the highest CAGR of 7.0% in the market during the forecast period of 2022-2030.

 

Microwave Devices Market: End User Review:

Based on end user, the global microwave devices market is classified into space & communication, military & defense, healthcare, and others. The space & communication segment acquired the largest share in the market in 2021. The segment is anticipated to retain its dominance further in the market during the forecast period of 2022-2030, mainly due to the large-scale usage of microwave devices in various space satellites & vehicles. However, the healthcare segment is projected to achieve the highest growth in the market during the forecast period of 2022-2030.

 

Regional Outlook:

The microwave devices research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

 

The North American region commanded the largest share of the global microwave devices market in 2021. The region is estimated to remain dominant throughout the forecast period. The presence of a world-class industrial infrastructure, the surging spending on healthcare services, the high adoption of microwave devices in warfare equipment coupled with the burgeoning investments in the defense sector, the expanding medical infrastructure, the escalating investments in 5G infrastructure, and the increasing technological advancements in the region are among the major factors contributing to the large share of this market in North America. The U.S. and Canada stand as the major contributors to the market in the region.

 

The Asia Pacific region is poised to emerge as the fastest-growing regional market for microwave devices during the forecast period. The growth of the market in the region can be well attributed to the presence of emerging countries such as India, China, and Japan in the region. Moreover, the ever-growing population base coupled with the surging spending on healthcare services in the region, the fast-paced expansion of the telecom industry, the rapidly growing end-user industries, the rising adoption of wireless handheld electronics, and the growing implementation radars in the major economies of the region. India, China, and Japan are among the leading contributors to the growth of the market in the region are other predominant factors ascribed to the high growth of the market in the Asia Pacific.

 

The report also identifies the country market outlook for microwave devices, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

 

Key Companies in Microwave Devices Market:

The research report offers a competitive analysis of prominent companies operating in the global microwave devices market. Some of the leading players profiled in the market research report include:

·         Mitsubishi Electric Corporation

·         Panasonic Corporation

·         TMD Technologies Ltd.

·         Thales Group

·         Teledyne Technologies Incorporated

·         CPI International Inc.

·         Toshiba Corporation

·         Richardson Electronics Ltd.

·         Analog Devices Inc.

·         General Dynamics Corporation

·         Honeywell International Inc.

·         Cobham Limited

·         Texas Instruments Incorporated

·         API Microelectronics

·         Astra Microwave Products Limited

·         Kratos Defense and Security Solutions Inc.

·         Microchip Technology Inc.

·         MicroWave Technologies

·         Triton Services Inc.

·         Other Players