06 June 2020
Visiongain has launched a new report Microwave Devices Market Report 2020-2030: Forecasts by Type (Active Microwave Devices, Passive Microwave Devices), by Frequency (L-Band, S-Band, C-Band, X-Band, KU-Band, KA-Band), by Application (Space and Communication, Medical, Defence and Commercial)) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global Microwave Devices market is expected to grow at a lucrative rate during the forecast period. Some of the key factors driving the market include the increasing demand for secured military communication, high spending on intelligence, surveillance, reconnaissance and target acquisition systems and rapid commercialization of Microwave Devices in the Telecommunication Industry and high demand for miniaturized Microwave Devices. However, concerns associated with high technological cost of Microwave Devices may pose as market restraints. The Microwave Devices market can be segmented based on Microwave Type, Microwave Frequency, Microwave Applications, and region.
Factors such as usage of microwave devices helps in providing wide bandwidth without need of cable. Another factor driving this Microwave Device market is that Microwaves can carry high quantity of information due to which Microwave devices are used for faster operations.
By Applications, Space and Communications area captured the leading market share and the segment is expected to maintain its lead over the forecast period. Furthermore, increasing awareness, rise in research area’s like medical and defence are also fuelling the growth in the Microwave Devices market.
Currently, North America and Europe together are holding the largest market share in Microwave Device market due to presence of major market players in these region. Moreover, rising usage of microwave technology for medical and household appliances is helping this market to increase in these region.
Asia-Pacific is also increasingly adopting Microwave Device technologies with the entry of major & established players such as Samsung and others along with launching new products in developing countries.
Key players such as API Technologies, Teledyne Technologies, Thales, L3 Technologies, Qorvo, CPI International, Analog Devices, Microsemi are currently dominating the market. These major companies are increasingly focusing on research and development activities so as to gain competitive advantage. Few of other companies operating in the market include Toshiba Electron Tubes & Devices General Dynamics, Kratos Defense & Security Solutions, Macom, AmpliTech, AR RF/Microwave Instrumentation, Copper Mountain Technologies, Exodus Advanced Communications, Holzworth Instrumentation, JFW Industries, MECA. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.
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