Microwave Devices Market 2021 Growing Demand, Size and Business Outlook - L-3 Communications, API Technologies (AEA Investors LP), Thales Group

Microwave Devices market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2021 to 2025 are profiled in this report.

The Microwave Devices Market was valued at USD 7.44 billion in 2019 and is expected to reach USD 9.0 billion by 2025, at a CAGR of 3.23% over the forecast period 2020 - 2025. 

The Microwave Devices market is highly competitive and consists of a number of major players: L-3 Communications, API Technologies (AEA Investors LP), Thales Group, Electron Energy Corporation, CableFree, Teledyne Technologies, Toshiba Corporation, Communications & Power Industries LLC, Cytec Corporation, TMD Technologies Ltd., Richardson Electronics Limited

Company News :

- August 2019 - Communications & Power Industries LLC (CPI) has entered into an agreement to purchase SATCOM Technologies, the antenna systems business of General Dynamics Mission Systems, Inc., a business unit of General Dynamics. This business would complement CPI�s existing portfolio of communications products for government, military, and commercial applications.
- May 2019 - API Technologies Corp has been acquired by an affiliate of AEA Investors LP. This acquisition would enhance the product portfolio and customer base of the AEA investors in terms of high-performance RF and microwave signal conditioning and electromagnetic spectrum management solutions.

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Scope of the Report

Microwaves devices are most widely used in satellite communications, radar signals, phones, and navigational applications. These devices are also used in cancer detection and ablation of tissue & cornea, due to their optimum surface penetration. The microwave devices industry is divided into regions such as North America, Europe, and Asia-Pacific. North America has shown major growth in recent years

Key Market Trends                                             

Space Exploration Offers Potential Growth

- Space exploration has evolved from shuttle missions and trips to the International Space Station to unmanned missions to Mars and the possibility of space tourism. In response to such evolution of space exploration where spacecraft�s tracking and communications systems are the only means with which to interact, microwaves are suitable for wireless transmission of signals of having larger bandwidth.
- Further, NASA announced plans to put the first woman on the moon in 2024 as part of the Artemis program and the program also aims to put human beings on the surface of Mars by the 2030s.
- Hence, it has led to the Deep Space Optical Communications project, led by NASA's Jet Propulsion Laboratory. This aims to develop laser communications to boost connectivity speeds for future human exploration of the solar system. In response to this, Jet Propulsion Laboratory is working on technologies for the implementation of a deep-space optical transceiver and ground receiver that will enable data rates greater than 10 times the current state-of-the-art deep-space RF system (Ka-band, a type of microwave ) for a spacecraft with similar mass and power.
- Such space projects are expected to have a positive outlook on the market and it is expected that will provide an immense opportunity in the space exploration

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Microwave Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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