Microwave Devices Market Report

Microwave Devices Market Analysis By Band Frequency (S-Band, C-Band, X-Band, Ku-Band, Ka-Band), By Communication (Wireless, Broadcast), By Application (Communication, Medical, Defense), By Region, & Segment Forecasts, 2014 - 2024

Published: April 2017  |  138 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-460-4

Industry Insights

The global microwave devices market size was valued at USD 7.46 billion in 2015 and is expected to witness lucrative growth over the forecast period. The growing usage of SiC and GaN devices, in the upcoming amplifier technology, is expected to drive the industry growth. They offer high efficiency and heat tolerance. They are also able to perform well in harsh environments.

Technologically advanced microwave devices, with enhanced accuracy, are being implemented in telecommunication applications. They are used extensively, owing to their high bandwidth that facilitates high rates of data transmission. They are also capable of generating, amplifying, detecting, and even measuring microwaves.

North America microwave devices market, by application, 2014 - 2024 (USD Billion)

North America microwave devices market

Asia Pacific is one of the significant contributors in the communication sector. The introduction of telecom network bands, such as 4G, enables the implementation of microwave emitting hardware in network towers. This is expected to drive the regional market growth over the forecast period.

Countries, such as the UK and Germany, are contributing toward the industry growth, owing to the presence of key vendors such as e2V, Thales Group, and TMD Technologies Ltd. The companies offer a broad range of products such as power modules, amplifiers, and transmitters.

Increasing investments in research and developments, by the key vendors, have encouraged the development of innovative and sophisticated microwave devices. They are used in the connected technology that enables access to an extensive consumer base.

Band Frequency Insights

The C-band segment dominated and accounted for a major share in 2015. The X-band segment is anticipated to be the fastest-growing segment with a CAGR of 6.9% from 2016 to 2024.

C-band is used across multiple sectors such as satellite, communications, and television. It is affordable and is also used in communication applications such as fiber optics. Further, it is implemented in radio transmissions and particle accelerators. The abovementioned applications are stimulating the global demand for C-bands.

Application Insights

The medical segment is presumed to be the fastest-growing application segment with a CAGR of 6.6% from 2016 to 2024. The communication application segment is also presumed to witness lucrative growth over the next nine years.

These devices have numerous applications and are used in cancer detection and ablation of tissue & cornea, due to their optimum surface penetration. They are also used in medical diagnostics for imaging and testing. Furthermore, they also facilitate detection of cancer cells at early stages.

Communication Insights

The wireless communication segment was valued at USD 1.13 billion in 2015 and is expected to grow over the forecast period. The growing adoption of communication devices, such as laptops and mobile phones, is expected to foster the installation of communication towers and satellites.

Emerging regional markets, such as Asia Pacific, are expected to grow over next nine years, due to the increasing adoption of wireless handheld electronics such as mobile phones and tablets. Further, the implementation of radars is promoting market growth in these regions.

Europe microwave devices market, by band frequency, 2015 (%)

Europe microwave devices market

Regional Insights

The Asia Pacific region is expected to be the fastest-growing region with a CAGR of 7.9% over the forecast period. The North American regional market dominated in 2015 and is expected to witness remarkable growth over next nine years.

Large-scale investments in the defense industry are expected to drive the growth of the North American regional market, owing to the implementation of broadband data links, countermeasures, and surface radars. Furthermore, technological innovations in this region are enabling the development of sophisticated and reliable products.

Competitive Insights

The key players in the industry include Communications & Power Industries LLC, Cytec Corporation, e2V, L-3 Communication systems, MicroWave Technology, Inc., RFMD, Richardson Electronics, Ltd., Teledyne Technologies, Inc., Thales Group, TMD Technologies Ltd., and Toshiba Corporation, among others.

The industry participants mainly focus on new product developments that enable low-cost and high-quality manufacturing. Organizations undertake mergers & acquisitions and partnerships for broadening their product offerings across various industries.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2014 - 2015

Forecast period

2016 - 2024

Market representation

Revenue in USD Million & CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, South America and MEA

Country scope

U.S., Canada, Mexico, UK, Germany, India, Japan, China, and Brazil

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors. and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2024. For the purpose of this study, Grand View Research has segmented the global microwave devices market based on band frequencies, applications, and regions.

  • Band Frequency Scope (Revenue, USD Million; 2014 - 2024)

    • S-Band

    • C-Band

    • X-Band

    • Ku-Band

    • Ka-Band

  • Application Scope (Revenue, USD Million; 2014 - 2024)

    • Communication

    • Medical

    • Military & Defense

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 - 2024)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • China

      • Japan

      • India

    • South America

      • Brazil

    • Middle East and Africa (MEA)

Key questions answered by the report
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