Microwave Devices Global Market Report 2023

“Microwave Devices Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on microwave devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for microwave devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The microwave devices market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Active; Passive

2) By Frequency: Ku Band; Ka Band; S Band; C Band; X Band; L Band

3) By End User: Space And Communication; Defence; Commercial; Other End-Users

Companies Mentioned: L3 Technologies; API Technologies; Thales Group; Electron Energy Corporation; CableFree

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the microwave devices market are: L3 Technologies, API Technologies, Thales Group, Electron Energy Corporation, CableFree, Teledyne UK Limited, Toshiba Corporation, CPI International Inc., Cytec Corporation, TMD Technologies Ltd., Richardson Electronics Ltd., Microsemi Corporation, Qorvo Inc., and Texas Instruments.

The global microwave devices market grew from $6.48 billion in 2022 to $7.01 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The microwave devices market is expected to grow to $9.69 billion in 2027 at a CAGR of 8.4%.

The microwave devices market consists of sales of relays and coaxial switches-based microwave devices. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Microwave devices are devices that are capable of generating, modifying, amplifying, detecting, and measuring microwaves frequencies. Microwave devices include microwaves technology which is generally referred to as line-of-sight wireless communication technology uses high-frequency beams of radio waves for high-speed wireless connections.

North America was the largest region in the microwave devices market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the microwave devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of microwave devices are active and passive. The Active Microwave Components domain includes semiconductor technologies and components for amplification, mixing, switching, and production of microwave radio signals with frequencies ranging from 300 MHz (wavelength 1m) to 300 GHz (wavelength 1mm). The various frequencies involved are Ku band, Ka-band, S-band, C band, X band, and L band and are used by end-users such as space and communication, defense, commercial, and others.

The rising military and defense expenditure is significantly contributing to the growth of the microwave devices market. The military and defense are the armed forces that are mainly responsible for defending and securing a country. The microwave devices have greater importance in performing secure and reliable operations such as intensive signal processing, data security, and proficient information transmission in critical environments. The increasing focus and expenditure by the military and defense on adopting advanced devices will propel the growth of microwave devices. For instance, according to the Stockholm International Peace Research Institute, Sweden, an international institute that provides data, analysis, and recommendations for armed conflict, military expenditure and arms trade, the global military expenditure increased to $1981 billion in 2020, an increase of 2.6% from 2019. Therefore, the rising military and defense expenditure is driving the growth of the microwave devices market.

Product innovations are the key trends shaping the microwave devices market. The market players are developing advanced products with innovations for their market growth strategy. For instance, in September 2021, NEC India, an IT service provider company launched iPASOLINK EX Advanced Dual, a wireless microwave radio system that supports 70-80 GHz E-band communications. It is an integrated and ultra-compact microwave radio system that works on advanced LTE and 5G services.

In August 2021, Knowles Precision Devices, a US-based microelectronic components company acquired Integrated Microwave Corporation (IMC) for an undisclosed amount. Through this acquisition, Knowles Precision Devices will expand its aerospace and defense market portfolio to offer a range of microwave filtering solutions and radio frequency (RF) that supports Ka-band. Integrated Microwave Corporation is a US-based company that designs and manufactures microwave filters for the aerospace, test equipment, defense, and communications industry.

The countries covered in the microwave devices market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The microwave devices market research report is one of a series of new reports from The Business Research Company that provides microwave devices market statistics, including microwave devices industry global market size, regional shares, competitors with a microwave devices market share, detailed microwave devices market segments, market trends and opportunities, and any further data you may need to thrive in the microwave devices industry. This microwave devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.