Microwave Devices Market Size was valued at USD 7.18 billion in 2022 and is expected to reach USD 11.27 billion by 2030 growing at a CAGR of 5.8% over the forecast period 2023-2030.
The microwave device market is experiencing significant growth due to the increasing use of defense and space. Microwave devices are used in electrical appliances such as radars, kitchen appliances, medical devices, roaming systems, and communication devices. Microwave devices use electromagnetic devices that use frequencies between 300 MHz and 300 GHz of bandwidth. Microwave emit hardware is used for telecom network ban such as 4G. In addition, microwave devices can be integrated into solid-state devices such as diodes, resistors, and integrated circuits. Microwave devices are used in many electronic devices due to their easy distribution in the air with minimal transmission losses compared to other electric waves.
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KEY DRIVERS:
Microwave devices are becoming increasingly popular in patient monitoring.
Increasing military and defense spending.
There is a growing demand for secure and fast satellite communication.
RESTRAINTS:
The device's complexity.
Microwave devices are expensive.
OPPORTUNITIES:
The penetration of 5G and IoT into the telecom sector is increasing.
Technological advancements in microwave infrastructure.
Microwave device miniaturization.
CHALLENGES:
Signals are unable to pass through solid objects, fog, or snow.
Interference in electromagnetic fields.
COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption. Manufacturers of Microwave devices are forced to suspend production operations. Designers of the military microwave system are facing temporary operational problems. Research and development in the microwave manufacturing industry have been adversely affected by the shortage of needed personnel worldwide. Manufacturers of Microwave equipment are seeing a decline in demand for a custom or standard hardware system, as governments and consumers are focusing on the provision of essential items such as food and safety equipment due to the COVID-19 epidemic.
Based on Frequency, the microwave device market is segmented into C-Band, S-Band, L-Band, X-Band, Ku-Band, and Ka-Band. Ku-band (Ku stands for Kurz under) represents medium distance with a frequency of 12 GHz to 18 GHz. It is used for satellite communications, especially direct television broadcasts, space shuttle, maritime, and industrial control systems. Ku-band has been a pioneer in using high-speed communication channels as it has low performance and is not affected by downtime. In addition, it has shorter wavelengths, improved spot coverage, and requires less investment. These features have paved the way for microwave devices associated with Ku-band in recent years, and the trend is expected to continue throughout the forecast period.
Based on End-Users, the microwave device market is segmented into Healthcare, Communication, Military & Defense, and Others. Healthcare is considered to be the fastest-growing end-user component. Part of the communication is considered to be proving beneficial growth over the next nine years. These devices have a wide range of applications and are used to diagnose cancer and to remove tissue and cornea, due to their high penetration. They are also used in medical diagnostics for photography and testing. In addition, they aid in the early detection of cancer cells.
BY PRODUCT
Active Microwave Devices
Vacuum Electron Microwave Devices
Solid-State Microwave Devices
Passive Microwave Devices
BY FREQUENCY
C-Band
S-Band
L-Band
X-Band
Ku-Band
Ka-Band
BY END USER
Healthcare
Communication
Military & Defense
Others
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Due to the rapid distribution of microwave devices to their warfare equipment, the US and North American microwave device market is expected to see significant opportunities in the forecast period. In addition, the increase in investment in 5G infrastructure is expected to stimulate the growth of the microwave devices market.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in the microwave device market are Richardson Electronics, Honeywell International Inc, API Microelectronics, Microchip Technology Inc, Toshiba Corporation, General Dynamics Corporation, Texas Instruments Incorporated, Cytec Corporation, Mitsubishi Electric Corporation, CPI International, L3 Communications, Microsemi Corporation, Qorvo Inc., MicroWave Technology., Panasonic Corporation, Kratos Defense & Security Solutions Inc., Thales Group, Analog Devices, MACOM & Other Players.
Honeywell International Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 7.18 Billion |
| Market Size by 2030 | US$ 11.27 Billion |
| CAGR | CAGR of 80.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Active Microwave Devices, Vacuum Electron Microwave Devices, Solid-State Microwave Devices, Passive Microwave Devices) • By Frequency (C-Band, S-Band, L-Band, X-Band, Ku-Band, Ka-Band) • By End-User (Healthcare, Communication, Military & Defense, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of the Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Richardson Electronics, Honeywell International Inc, API Microelectronics, Microchip Technology Incm, Toshiba Corporation, General Dynamics Corporation, Texas Instruments Incorporated, Cytec Corporation, Mitsubishi Electric Corporation, CPI International, L3 Communications, Microsemi Corporation, Qorvo Inc., MicroWave Technology., Panasonic Corporation, Kratos Defense & Security Solutions Inc., Thales Group, Analog Devices, MACOM, and Other companies. |
| Key Drivers | • Microwave devices are becoming increasingly popular in-patient monitoring. • Increasing military and defense spending. • There is a growing demand for secure and fast satellite communication. |
| Restraints | • The device's complexity. • Microwave devices are expensive. |
The market value will be expected to reach USD 11.27 billion by 2030.
The market has been segmented with respect to product, frequency and end-user.
Manufacturers of Microwave equipment are seeing a decline in demand for a custom or standard hardware system, as governments and consumers are focusing on the provision of essential items such as food and safety equipment due to the COVID-19 epidemic.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Microwave Devices Market Segmentation, by product
8.1Introduction
8.2 Active Microwave Devices
8.3 Vacuum Electron Microwave Devices
8.4 Solid-State Microwave Devices
8.5 Passive Microwave Devices
9. Microwave Devices Market Segmentation, by frequency
9.1 Introduction
9.2 C-Band
9.3 S-Band
9.4 L-Band
9.5 X-Band
9.6 Ku-Band
9.7 Ka-Band
10. Microwave Devices Market Segmentation, by end-user
10.1 Introduction
10.2 Healthcare
10.3 Communication
10.4 Military & Defense
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12.Company Profiles
12.1 Honeywell International Inc
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Richardson Electronics
12.3 API Microelectronics
12.4 Microchip Technology Inc
12.5 Toshiba Corporation
12.6 General Dynamics Corporation
12.7 Texas Instruments Incorporated
12.8 Cytec Corporation
12.9 Mitsubishi Electric Corporation
12.10 CPI International
12.11 L3 Communications
12.12 Microsemi Corporation
12.13 Qorvo Inc.
12.14 MicroWave Technology.
12.15 Panasonic Corporation
12.16 Kratos Defense & Security Solutions Inc.
12.17 Thales Group
12.18 Analog Devices
12.19 MACOM
12.20 Others
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14.Conclusion
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