Pune, India, Feb. 28, 2022 (GLOBE NEWSWIRE) -- The global microwave devices market size was USD 5.20 billion in 2020. The market is projected to grow from USD 5.36 billion in 2021 to USD 11.08 billion in 2028 at a CAGR of 8.76% in the 2021-2028 period.
This information is presented by Fortune Business Insights™ in its report titled, “Microwave Devices Market, 2021-2028.”
According to our research experts, technologically progressive microwave antennas aid in communicating as well as receipting data through every atmospheric trajectory. Therefore, the market of microwave devices is said to observe substantial growth during the forecast period owing to an upsurge in satellite introductions.
Report Coverage:
We provide our reports which are conducted with an all-inclusive examination approach that majorly emphasizes delivering precise material. Our scholars have applied a data triangulation method which further assists us in offering trustworthy estimations and testing the general market dynamics accurately. Further, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones.
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List of Key Players Covered in the Microwave Devices Market Report
- Analog Devices Inc. (U.S.)
- Communications & Power Industries LLC (U.S.)
- General Dynamics Corporation (U.S.)
- Kratos Defense & Security Solutions, Inc. (U.S.)
- L3Harris Technologies, Inc. (U.S.)
- MACOM Technology Solutions Inc. (U.S.)
- Microsemi Corporation (U.S)
- Microwave Technology, Inc. (U.K.)
- Qorvo Inc. (U.S.)
- Richardson Electronics, Ltd. (U.S.)
- Teledyne Technologies Incorporated (U.S.)
- Thales Group (France)
- TMD Technologies Ltd (U.K.)
- Toshiba Corporation (Japan)
COVID-19 Impact
Commotion in Supply Chain Management amid COVID-19 to Deteriorate Growth
Owing to terminated satellite launches and commotions in the supply chain across crucial sites, the COVID-19 outbreak has considerably affected the market. Prime companies and space organizations have annulled numerous space launches. This has obstructed the space industry ecosystem and has influenced all the planned space takeoffs. The termination of space launches has additionally wedged the supply chain cycle of numerous companies.
Market Segments:
On the basis of type, the market is branched into:
- Active
- Passive
In terms of frequency, the market is segmented into:
- Ku-Band
- Ka - Band
- S- Band
- C- Band
- X- Band
- L-Band
Based on the end-use industry, the market is divided into:
- Telecommunication
- Space
- defense
- industrial
- healthcare
The microwave devices market is bifurcated into:
- Regions
- North America
- Europe
- Asia Pacific
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/microwave-devices-market-103542
Drivers and Restraints
Augmented Requirement for Refined Interaction Services to Spur Growth
Microwave devices utilize microwave links to supply point-to-point communication, further permitting the end-user to obtain maximum information promptly and safely. Consequently, microwave lines are utilized by NASA, the army, and numerous other national security establishments to carry confidential material within their organizations.
It further offers strong communication safety, which is favorable for a variation of military communication executions. This is anticipated to bolster the microwave devices market growth during the forecast period.
Regional Insights
Expanding Defense & Space Industries to Fuel Growth in North America
North America held the maximum microwave devices market shares and was worth USD 2.11 billion in 2020. This region is probable to endure dominating in the foreseeable period. This control is owing to the region's increasing prominence in emerging space and defense industries.
Asia Pacific is estimated to grow at the most rapid rate in the market during the forecast period. This augmentation can be credited to amplified government financing in military weaponry system improvements.
The market in Europe is projected to hold the second-largest share owing to the elevated emphasis on advancing the healthcare industry in European nations such as the U.K., Germany, Sweden, as well as Denmark.
Competitive Landscape
Key Market Players Concentrate on Offering Cost-Effective and Pocket-Sized Devices
The corporations are emphasizing extending their abilities and preserving their market position through R&D investment, smart procurements, and partnerships. For instance, in November 2020, Qorvo Inc. launched its freshly structured and manufactured CMD328K3, which is a best-in-class, small-sized, as well as low sound amplifier.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments –Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Qualitative Insights
- Impact of Covid-19 on the Microwave Devices Market
- Steps Taken by the Industry/Government/Companies to Overcome the Impact
- Potential Opportunities due to COVID-19 Outbreak
- Global Microwave Devices Market Analysis, Insights and Forecast, 2017-2028
- Segmental Definitions
- Market Analysis, Insights and Forecast – By Type
- Active
- Passive
- Market Analysis, Insights and Forecast – By Frequency
- Ku-Band
- Ka-Band
- S-Band
- C-BAND
- X-Band
- L-Band
- Others
- Market Analysis, Insights and Forecast – By End-use Industry
- Telecommunication
- Space
- Defense
- Industrial
- Healthcare
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia-Pacific
- Rest of the world
TOC Continued…!
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Key Industry Development
April 2021: Comtech Telecommunications Corporation presented USD 1.4 million worth of agreements for RF Microwave control machinery. These incorporated microwave assemblages and defensive components cover an extensive frequency assortment and are grave components of the U.S. military's combined electronic countermeasures structure.
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