24th September 2019 – The global Microwave
Devices Market size is expected to value at USD 11.86 billion by 2024.
The market is subject to witness a substantial growth due to the increasing
consummation of Gallium Nitride (GaN) and Silicon Carbide (SiC) devices. These
devices provide benefits such as high efficiency and heat tolerance.
Additionally, the devices are capable of performing precisely in harsh
environments. Such advantages are expected to drive the demand of the market
over the forecast period. Globally, the microwave devices market is predicted
to grow at a higher CAGR in forecast period, providing numerous opportunities
for market players to invest in research and development in the market.
With recent technological advancement in
microwave technology, has led to improved accuracy, and superior performance,
thus driving demand of the microwave devices in number of telecommunication
applications. Growing popularity of the microwave devices in various
telecommunications applications is attributed to high bandwidth and faster data
transmission rate. Some of the major applications of the microwave devices
include generation, amplification, detection, and measurement of the microwave
signal. The current developments in telecom sector involving introduction of 4G
and 5G technology is making businesses to adopt highly advanced microwave
emitting hardware across network bridges. These factors are critical for the
sustained growth of the microwave devices industry over the forecast period.
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Rise in the demand of the power modules,
amplifiers, and transmitters from various electronic manufacturing industries
is expected to boost the growth of microwave devices industry in years to come.
Furthermore, substantial increase in the investments by private organization in
research and developments, is leading development of the by modern and sophisticated
microwave devices. Growing customer base owing to increasing focus towards
implementation of connected technology such as IoT is anticipated to boost
market growth in upcoming years as well. Higher penetration of mobile phones in
developing countries is driving demand of the microwave devices due to higher
frequencies associated with these devices and capability to perform long-range
communication.
The C-band is one of the fastest growing
segment in the microwave devices market with substantial revenue generation in
the last couple of years. The X-band segment has also witnessed substantial
growth, in recent years. Growing popularity of the C-band is credited to its
increasing adoption in the satellite, communications, and television. Some of the
critical advantages of the C-band include cost-effectiveness and flexibility.
C-band is widely used in the telecommunication applications involving fiber
optics. Application of the C-band ranges from radio transmissions and particle
accelerators. Above-mentioned factors are key drivers for sustained the growth
of the market.
Microwave devices are broadly divided
into two categories such as relays and coaxial switches. Microwave devices
operates at very high frequencies. Microwave devices are widely used as a test
and measurement equipment, in wireless technologies like 4G & 5G, and base
station use. Microwave devices typically requires high power for their
operations. Microwave device use a particular set of vacuum tubes to generate
microwave signal. Principal of operation for microwave devices involves the use
of ballistic movement of electrons in a vacuum while varying electric or
magnetic fields accordingly.
The microwave devices industry is
divided by region such as North America, Europe, Asia-Pacific, Latin America
and Africa. North America has shown major growth in recent years owing to the
rise in the implementation of latest technologies such as broadband data links,
countermeasures, and surface radars, and existence of well-established
industrial infrastructure.
Asia-Pacific region is predicted to hold
major market share in the microwave devices market with massive growth in
forecast period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with increasing defense expenditure by regional governments
and significant investment by leading industry players considering potential
opportunities in the region.
The key players in the microwave devices
industry are Communications & Power Industries Limited, Cytec Co., Teledyne
e2V plc, L-3 Communication systems, MicroWave Technology Ltd., RF Micro Devices
Ltd., Richardson Electronics Limited, Teledyne Technologies Incorporations,
Thales Group, TMD Technologies Limited, and Toshiba Co.
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