Increasing uses of microwave devices in medical treatments and for household application are acting as key factors for the growth of this market.
According to TechSci Research report, “Global Microwave Devices Market By Type (Active Microwave Devices and Passive Microwave Devices), By Frequency (L-Band, S-Band, C-Band, X-Band, Ku-Band and Ka-Band), By Application (Space & Communication, Medical, Defense and Commercial), By Region, Forecast & Opportunities, 2025”, the market is expected to undergo a rapid growth during the forecast period. Key factors propelling the growth of global microwave devices market are increasing usage in medical treatments as well as in household application for cooking up food. Microwave devices are also witnessing high demand from military and defense industry as the radar systems used in these devices are helpful in air surveillance and navigation.
With increased investments by countries such as India, Russia, US, China and France for the development of satellite communication and broadcasting services, global microwave devices are anticipated to witness significant demand in coming years. Also, technologically advanced microwave devices are finding implementation in telecommunication owing to their high bandwidth that enables high rate of data transmission. Along with this, the emergence of 5G technology is also likely to provide growth opportunities for global microwave device market.
Furthermore, microwaves are capable of carrying high quantity of information owing to which these devices are increasingly being used for faster operations. The increasing expenditure on medical infrastructure and emergence of advanced technologies are also expected to drive the growth of global microwave device market through 2025. However, the market is also facing some challenges. High transit time of carriers through these microwave devices is a persistent problem faced by users. Moreover, the high cost of these devices is likely to limit the growth of global microwave devices market.
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The global microwave devices market can be segmented based on type, frequency, application and region. Based on type, the market can be categorized into active microwave devices and passive microwave devices. Among them, active microwave devices segment is expected to undergo significant growth through 2025 on account of increasing usage of various solid-state microwave devices including Travelling Wave Tube Amplifiers (TWTA) and Solid State Power Amplifiers (SSPA).
Based on frequency, the global microwave device market can be categorized into l-band, s-band, c-band, x-band, ku-band and ka-band. Among them, c-band segment is anticipated to experience high growth during the forecast period as it is finding wide application in weather radar systems, satellite communication and Wi-Fi. Moreover, c-band are affordable and hence are increasingly being used in fiber optics for radio transmission.
Major players operating in the global microwave device market are Cytec Corporation, e2V, L-3 Communication systems, MicroWave Technology, Inc., Ltd., Teledyne Technologies, Inc., Richardson Electronics, RFMD, Thales Group, TMD Technologies Ltd., and Toshiba Corporation and Communications & Power Industries LLC. Key market players are undergoing growth strategies such as new product launches, mergers & acquisitions and partnerships.
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“Microwave device are gaining high demand in countries such as China and Japan and hence Asia Pacific is expected to hold a significant market share by 2025. The increasing usage of microwave technology by Asian electronic giants like Samsung and LG is yet another factor providing lucrative growth opportunities for microwave device manufactures. Moreover, increasing defense expenditure in many Asian countries like India are also leading to spike in demand for microwave devices,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Microwave Devices Market By Product Type (Freestanding Microwave Devices, Built-In Microwave Devices), By Application (Industrial Microwave Devices Vs Residential Microwave Devices), By Distribution Channel (Hypermarket/Supermarket, Specialist Stores, Monobrand Stores, Online & Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of microwave devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global microwave device market.
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