The Microwave Devices Market was USD 5.58 Billion in 2016 and is projected to reach USD 8.22 Billion by 2022, at a CAGR of 6.24% from 2017 to 2022. The objectives of this study are to analyze the market, along with the statistics from 2017 to 2022, as well as define, describe, and forecast the microwave devices market based on type, frequency, application, and region. The year 2016 has been considered as the base year while 2017 to 2022 has been considered as the forecast period for this study on the microwave devices market.
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The ecosystem of the microwave devices market includes manufacturers of microwave devices such as Analog Devices (US), L3 Technologies (US), Teledyne Technologies (US), Thales (France), Qorvo (US), CPI International (US), and General Dynamics (US), among others.
Target Audience for this Report:
- Manufacturers of Microwave Devices
- Microwave Devices Component/Subcomponent Providers
- Original Equipment Manufacturers
- Investors, Venture Capitalists, and Funding Bodies
- Academic Researchers/Organizations
- Scientific Research Centres
- Technology Support Providers
- Microwave Devices Direct Sellers
- Microwave Devices Distributors
Based on type, the microwave devices have been segmented into active and passive microwave devices. Active microwave devices have been segmented into solid state microwave devices and vacuum electron microwave devices. The active microwave devices segment is projected to account for the largest share of the microwave devices market in 2017. The usage of these active microwave devices in various defense electronics and space electronics has led to the growth of the market.
Based on frequency, the Ku-band segment is expected to lead the microwave devices market during the forecast period. The demand for the Ku-band is due to the high usage for satellite communication and broadcasting. This band is also used for defense applications for tracking purposes.
Based on application, the market has been segmented into space & communication, defense, and commercial. The space & communication application segment accounted for the largest share of the microwave device market due to its usage on various satellites and space vehicles.
The microwave devices market has been studied for North America, Europe, Asia Pacific, and Rest of the World. North America is estimated to lead the market in 2017. The Asia Pacific microwave devices market is projected to grow at the highest CAGR during the forecast period. The growth in the region can be attributed to growth in space activities along with increase in defense expenditure.
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