Microwave Devices Market Size, Share & Trends Analysis Report By Band Frequency (S-Band, C-Band, X-Band, Ku-Band, Ka-Band), By Communication, By Application, By Region, And Segment Forecasts, 2018 - 2024

Report Overview

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.

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

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.

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 microwave devices 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.

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

Emerging regional markets, such as Asia Pacific, are expected to grow over the 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.

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 the 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.

Key Companies & Market Share 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.

Microwave Devices Market Report Scope

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

    • The U.S.

    • Canada

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • China

    • Japan

    • India

  • South America

    • Brazil

  • Middle East and Africa (MEA)