DUBLIN–(BUSINESS WIRE)–The “Microwave Devices Market by Product (Active Devices, Passive Devices), Frequency (Ku-band, C-band, Ka-band, L-band, X-band, S-band), End User (Space & Communication, Military & Defense, Healthcare), and Geography – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The high usage of active microwave devices in various defense and space electronics has led to the segment’s growth. Active devices are widely used for detecting, mixing, amplifying, filtering, and switching microwave signals in standalone equipment. The active devices segment based on type has been bifurcated into solid-state and vacuum electron microwave devices.
Solid-state microwave devices accounted for the larger revenue share of the overall active microwave devices market in 2020. The solid-state microwave devices feature long life, wider bandwidths, lower production costs, improved air cooling, operate at low voltages, and enable easy control of transmitted wave form’s amplitude.
The Ka-band segment is expected to grow at the highest CAGR during the forecast period
The Ka-band requires smaller antennas for transmitting and receiving data, offering high throughput, lower cost of bandwidth, better Effective Isotropic Radiated Power (EIRP), improved capacity, and allowing reuse of the same frequencies. The ability to adjust the uplink and downlink, as well as relatively less incurred cost, is expected to increase the deployment of Ku-band microwave devices.
The space & communication segment is expected to grow at the highest CAGR of the microwave devices market during the forecast period.
The increase in the number of high-throughput satellites (HTS) and rising investments in space and related exploration activities are expected to drive the growth for the space & communications segment. The growing prominence of real-time video and audio streaming services has led to an increase in the use of microwave devices. Additionally, the emergence of 5G for cellular communication is also expected to fuel the demand for microwave equipment during the forecast period.
Asia Pacific region is expected to witness fastest growth during the forecast period.
The presence of prominent microwave device manufacturers is expected to contribute to the revenue share of this region. Furthermore, the rapid commercialization of 5G in an attempt to cater to the rising demand for high-speed connectivity by the regional population is expected to drive the market growth over the forecast period.
Market Dynamics
Drivers
- Increasing Military & Defense Expenditure
- Growing Need for Secure and Fast Satellite Communication
- Rising Demand for Microwave Devices in Patient Monitoring
Restraints
- High Cost of Microwave Devices
- Device Complexity
Opportunities
- Technological Breakthroughs in Microwave Infrastructure
- Miniaturization of Microwave Devices
- Rising Penetration of 5G and IoT into Telecom Sector
Challenges
- Electromagnetic Interference
- Inability to Pass Signals Through Solid Objects, Fog, and Snow
Companies Mentioned
- Thales Group
- L3 Harris Technologies, Inc.
- Teledyne Technologies Incorporated
- Cpi International Inc.
- Qorvo, 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
- Cytec Corporation
- Kratos Defense and Security Solutions Inc.
- Macom
- Microchip Technology Inc
- Microwave Technologies
- Mitsubishi Electric Corporation
- Panasonic Corporation
- Sylatech
- Tmd Technologies Ltd.
- Triton Services, Inc.
- Wolfspeed Inc.
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