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Microwave Devices Market Report by Product Type (Passive Microwave Devices, Active Microwave Devices), Frequency (L Band, X Band, S Band, C Band, Ku Band, Ka Band, and Others), Application (Defense, Commercial, Space and Communication, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A4529
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Microwave Devices Market Overview:
The global microwave devices market size reached US$ 6.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 6.3 Billion |
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Market Forecast in 2032
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US$ 10.1 Billion |
| Market Growth Rate 2024-2032 | 5.2% |
Microwave devices provide high-speed wireless connections to send and receive voice, video, and data information. They are used in point-to-point connections on the surface of the Earth and satellite and deep-space radio communications. They are also utilized in radars, radio navigation systems, sensor systems, and radio astronomy. Additionally, leading players are introducing new product variants to meet the ever-changing market demands. These products include improved and expanded lines of attenuators and terminations, combline cavity filters, and directional couplers.
Microwave Devices Market Trends:
The growing prevalence of life-threatening diseases represents one of the major factors positively influencing the use of microwave devices in the healthcare industry for medical imaging, thermal ablation of tissues, and bleeding coagulation in vascular organs, such as the liver and spleen. In addition, they are utilized in advanced warming devices that find application in operating rooms, emergency settings, and intensive care units (ICUs) to provide warm fluid to patients with hypothermia or other rare conditions. Besides this, microwave communication infrastructure is used in wireless backhauls that are gaining immense traction over wireline networks across the globe. Moreover, the rising penetration of wireless communication networks is bolstering the market growth. Apart from this, high-power microwave technology finds extensive applications in the development of electromagnetic bombs during strategic and tactical information warfare. This, along with the escalating demand for enhanced communication services that can transfer confidential information, is driving the adoption of microwave devices for defense purposes. Furthermore, manufacturers are focusing on developing next-generation microwave devices with hybrid spin electromagnetic waves in ferrite-ferroelectric layered structures, which is projected to offer lucrative growth opportunities to market players.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global microwave devices market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, frequency and application.
Breakup by Product Type:
- Passive Microwave Devices
- Active Microwave Devices
Breakup by Frequency:
- L Band
- X Band
- S Band
- C Band
- Ku Band
- Ka Band
- Others
Breakup by Application:
- Defense
- Commercial
- Space and Communication
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Analog Devices Inc., CPI International Inc., Kratos Defense & Security Solutions Inc., L3Harris Technologies Inc., Littelfuse Inc, MACOM Technology Solutions, Microchip Technology Inc., Qorvo Inc, Teledyne Technologies Incorporated, Thales Group and Toshiba Corporation.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Frequency, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Analog Devices Inc., CPI International Inc., Kratos Defense & Security Solutions Inc., L3Harris Technologies Inc., Littelfuse Inc, MACOM Technology Solutions, Microchip Technology Inc., Qorvo Inc, Teledyne Technologies Incorporated, Thales Group, Toshiba Corporation |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global microwave devices market was valued at US$ 6.3 Billion in 2023.
We expect the global microwave devices market to exhibit a CAGR of 5.2% during 2024-2032.
The rising demand for microwave devices in satellite communications, radar signals, sensor systems, etc., as they send and receive voice, video, and data information by providing high-speed wireless connections, is primarily driving the global microwave devices market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for microwave devices.
Based on the product type, the global microwave devices market can be segmented into passive microwave devices and active microwave devices. Currently, active microwave devices hold the largest market share.
Based on the frequency, the global microwave devices market has been divided into L band, X band, S band, C band, Ku band, Ka band, and others. Among these, Ku band currently exhibits a clear dominance in the market.
Based on the application, the global microwave devices market can be categorized into defense, commercial, space and communication, and others. Currently, space and communication accounts for the majority of the global market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global microwave devices market include Analog Devices Inc., CPI International Inc., Kratos Defense & Security Solutions Inc., L3Harris Technologies Inc., Littelfuse Inc, MACOM Technology Solutions, Microchip Technology Inc., Qorvo Inc, Teledyne Technologies Incorporated, Thales Group, and Toshiba Corporation.
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