Selbyville, Del., October 24, 2024 (Globe Newswire) — The microwave devices market will be valued at USD 7.7 billion in 2023 and grow to USD 10 billion by the end of 2032, according to a recent study by Global Market Insights. Ltd. is predicted to reach
This growth is primarily driven by the increasing demand for advanced communication systems, especially in the telecommunications and defense industries. As the deployment of 5G technology accelerates, the need for microwave devices becomes increasingly important. These devices facilitate high-frequency signal transmission, allowing faster and more reliable data transfer. The demand for high-speed internet and the expansion of mobile networks in emerging markets are further contributing to this trend, highlighting the critical role microwave devices play in modern communications infrastructure.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/11638
The microwave device market is divided into two main types: active devices and passive devices. The active segment, which includes amplifiers, oscillators, and mixers, is expected to witness a CAGR of over 7% during the forecast period. Active microwave devices are important for amplifying signal strength and ensuring reliable data transmission in high frequency applications such as 5G networks and satellite communications. The growing need for higher data speeds and better connectivity has led to significant investments in these active components, driving market growth.
In terms of end-use industry, the microwave devices market is segmented into healthcare, aerospace and defense, telecommunications, industrial applications, etc. The aerospace and defense sector is expected to maintain its dominance in the global market and is expected to generate more than USD 3 billion by 2032. Microwave devices are essential for radar systems, secure communications links, and electronic warfare where accuracy and performance are critical. The growing demand for advanced avionics and enhanced surveillance systems is driving significant investment in microwave technology in this sector.
To purchase this report, please contact us @ https://www.gminsights.com/inquiry-before-buying/11638.
North America emerged as the leading region in the global microwave devices market in 2023, capturing over 35% of the market share. The region’s strong aerospace and defense industries are driving significant demand for microwave devices used in radar systems and communications technology. Additionally, North America plays a pivotal role in the rollout of 5G and telecommunications infrastructure, requiring high-performance microwave components to support fast and reliable connectivity. The presence of prominent technology companies and defense contractors in the region fosters continued innovation and adoption of advanced microwave technology, further driving market growth.
Microwave Devices Market Players
Companies such as L3Harris Technologies, Qorvo, Teledyne Technologies, CPI International, Toshiba, Richardson Electronics, and Thales are working in the microwave device industry.
The Microwave Devices industry research report includes detailed industry coverage with revenue (USD Million) estimates and forecasts from 2021 to 2032 for the following segments:
Market, by type
By market, frequency
C band C band X band Ku band Ka band L band Others
Market, by end-use industry
Healthcare Aerospace and Defense Telecommunications Industry Others
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a global market research and consulting services provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports provide our clients with insightful insights and actionable market data, designed and presented specifically to support strategic decision-making. These comprehensive reports are designed with unique research methodologies and are available for key industries such as chemistry, advanced materials, technology, renewable energy, and biotechnology.
