Microwave Devices Market Size & Share - Industry Trend and Forecast 2018 - 2026

The report analyzes and presents an overview of "Microwave Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" worldwide.

The main objective of this report is to define, describe, and forecast the global “Microwave Devices” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Microwave devices can be defined as electronic devices such as transistors, diodes etc. used in high frequency applications. With advancement in technology, several electronic and microwave components and sub-system are manufactured with the integration of solid-state microwave and electronics operations. These components find application in a wide spectrum of industries, which includes civil airborne and marine radar, communications, defense and most recently automotive. Microwave tubes are also used in food decontamination and sterilization and also find application in magnetron, Traveling Wave Tube, klystrons, and thyratron.

Microwave devices are extensively used in telecommunication devices with enhanced accuracy owing to their high bandwidth that facilitate high rates of data transmission. Microwave emitting hardware is being implemented in telecom network bands such as 4G. The increasing demand for miniaturized microwave devices and increase in defense expenditure on reconnaissance, surveillance, intelligence, and target acquisition systems are anticipated to offer promising opportunities for the stakeholders of microwave devices market. Furthermore, microwave devices are being used in healthcare devices, military devices, navigation radars used for communication etc. These devices have numerous applications and are also used in cancer detection and ablation of tissue & cornea, due to their optimum surface penetration. They are also used in medical diagnostics for imaging and testing. Furthermore, they facilitate detection of cancer cells at early stage thereby supporting the growth of microwave devices market in healthcare industry. The increasing adoption of Gallium Nitride devices and Silicon Carbide devices in the upcoming amplifier technology is projected to drive the growth of global microwave devices market owing to the high efficiency, high thermal tolerance, along with high sustainability in critical environmental conditions. However, there are some key challenges associated with the microwave device technology such as high production cost, and research and development expenses to improve the technology.

The microwave devices market can be segmented based on type, application, frequency, and geography. Based on type, the microwave devices market can be segmented into active microwave devices, and passive microwave devices. On the basis of application, the market can be further segregated into telecommunication, healthcare, and aerospace and defense. Based on frequency, the microwave devices market can be segmented as L-Band, S-Band, C-Band, X-Band, Ku-Band, and Ka-Band. The global demand for C-Band applications are increasing owing to the affordability and different usage such as fiber optics in communication applications. Further, it finds major application in radio transmissions and particle accelerators, which is anticipated to further contribute towards the growth of C-band devices, consequently supporting the growth of microwave devices market during the forecast period. The healthcare segment is anticipated to be the dominant application segment during the forecast period due to increasing adoption of treatment instruments integrated with microwave devices. Based on geography, the global microwave devices market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Increasing investments in defense infrastructure is expected to drive the growth of microwave devices market in North America. Furthermore, technological innovations in this region are contributing in development of sophisticated and reliable microwave devices. Moreover, Asia Pacific is anticipated to grow at a prominent growth rate owing to the development in associated industries in major Asia economies such as China, and India.

Some of the significant players involved in global microwave devices market include Thales, Qorvo, Inc, Teledyne Technologies Incorporated, L3 Communication, Microsemi Corporation, MACOM, Kratos Defense & Security Solutions, Inc., Analog Devices, Inc, CPI International etc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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