Microwave Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Microwave Device Trends and Forecast

The future of the global microwave device market looks promising with opportunities in the communication, medical, and military & defense markets. The global microwave device market is expected to reach an estimated $10.3 billion by 2030 with a CAGR of 5.9% from 2024 to 2030. The major drivers for this market are rising demand for data centers and expanding demand for enhanced communication services.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Microwave Device by Segment

The study includes a forecast for the global microwave device by band frequency, product type, application, and region.

Microwave Device Market by Band Frequency [Shipment Analysis by Value from 2018 to 2030]:

• S-Band
• C-Band
• X-Band
• Ku-Band
• Ka-Band

Microwave Device Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Passive Microwave Devices
• Active Microwave Devices

Microwave Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Communication
• Medical
• Military & Defense
• Others

Microwave Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Microwave Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microwave device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microwave device companies profiled in this report include-

• CPI International
• Teledyne Technologies
• L3Harris Technologies
• Microwave Technology
• Richardson Electronics

Microwave Device

Lucintel forecasts that C-band will remain the largest segment over the forecast period.

Within this market, military & defense will remain the largest segment over the forecast period.

North America is expected to witness the highest growth over the forecast period.

Features of the Global Microwave Device Market

Market Size Estimates: Microwave device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Microwave device market size by band frequency, product type, application, and region in terms of value ($B).

Regional Analysis: Microwave device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different band frequencies, product types, applications, and regions for the microwave device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the microwave device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the microwave device market size?

Answer: The global microwave device market is expected to reach an estimated $10.3 billion by 2030.

Q2. What is the growth forecast for microwave device market?

Answer: The global microwave device market is expected to grow with a CAGR of 5.9% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the microwave device market?

Answer: The major drivers for this market are rising demand for data centers and expanding demand for enhanced communication services.

Q4. What are the major segments for microwave device market?

Answer: The future of the microwave device market looks promising with opportunities in the communication, medical, and military & defense markets.

Q5. Who are the key microwave device market companies?

Answer: Some of the key microwave device companies are as follows:

• CPI International
• Teledyne Technologies
• L3Harris Technologies
• Microwave Technology
• Richardson Electronics

Q6. Which microwave device market segment will be the largest in future?

Answer: Lucintel forecasts that C-band will remain the largest segment over the forecast period.

Q7. In microwave device market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the microwave device market by band frequency (S-band, C-band, X-band, Ku-band, and Ka-band), product type (passive microwave devices and active microwave devices), application (communication, medical, military & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?