Microwave Devices Market is Expected to Undergo a Considerable Growth Through 2025
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 devices
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 devices 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 devices 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
devices 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 devices 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 devices market.
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