Microwave Devices Industry Overview
The global microwave devices market size was valued at USD 7.49 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030.
The growing usage of SiC and GaN devices in the upcoming amplifier technology is expected to drive industry growth. Microwave devices offer high efficiency and heat tolerance. They are also able to perform well in harsh environments. Technologically advanced microwave devices with enhanced accuracy are being implemented in telecommunication applications. They are used extensively due to their high bandwidth that facilitates high rates of data transmission. They are also capable of generating, amplifying, detecting, and even measuring microwaves.
Gather more insights about the market drivers, restrains and growth of the Microwave Devices Market
Asia Pacific is one of the significant contributors to the communication sector. The introduction of telecom network bands, such as 4G, enables the implementation of microwave-emitting hardware in network towers. This is expected to drive the regional market growth for microwave devices over the forecast period. Countries such as the UK and Germany are also contributing towards industry growth, owing to the presence of key vendors such as e2v, Thales Group, and TMD Technologies Ltd.
The mentioned companies offer a broad range of products, such as power modules, amplifiers, and transmitters. Increasing investments in research and development activities by key industry vendors have encouraged the development of innovative and sophisticated microwave devices. They are used in the connected technology space that enables access to an extensive consumer base.
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- The global fiber optics market size was valued at USD 8.76 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030.
- The global satellite communication market size was estimated at USD 83.29 billion in 2023 and is expected to grow at a CAGR of 10.0% from 2024 to 2030.
Microwave Devices Market Segmentation
Grand View Research has segmented the global microwave devices market on the basis of on band frequency, application, and region:
Microwave Devices Band Frequency Outlook (Revenue, USD Million, 2017 - 2030)
- S-band
- C-band
- X-band
- Ku-band
- Ka-band
Microwave Devices Application Outlook (Revenue, USD Million, 2017 - 2030)
- Communication
- Medical
- Military Defense
- Others
Microwave Devices Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
Central South America
- Brazil
Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
Key Companies profiled:
- CPI International Inc.
- Teledyne Technologies Inc.
- L3Harris Technologies, Inc.
- Microwave Technology, Inc.
- RFMD
- Richardson Electronics, Ltd.
- Thales Group
- Toshiba Corporation
Key Microwave Devices Company Insights
Industry participants mainly focus on new product developments that enable low-cost and high-quality manufacturing. Organizations undertake mergers acquisitions and partnerships for broadening their product offerings across industries. For instance, in March 2023, Communications Power Industries was awarded a contract worth approximately USD 20 million by ARSAT to provide tracking and command, gateway systems, and Ka-band telemetry to support the ARSAT-SG1 satellite. As part of the contract, CPI would provide six 6.3-meter gateway earth station antennas and two 13.2-meter TTC antennas at several sites in Argentina.
Recent Developments
- In January 2023, SWISSto12, a Switzerland-based aerospace company, signed an agreement with Thales, wherein the latter would develop supply Ka-band Solid-State Power Amplifiers, which would become a critical element of the antenna link between SWISSto12’s HummingSat, a geostationary small satellite, and the Earth
- In January 2023, CML Microsystems, Plc, a U.K.-based company, entered into an agreement to acquire Microwave Technology Inc., which designs and manufactures discrete devices, GaN- and GaAs-based MMICs, and hybrid amplifier products for space, defense, commercial wireless communication, and medical applications. The acquisition aims to increase the group's product range, as well as its support and RD capabilities, by providing knowledge and experience in system-level understanding, product manufacturing, and packaging processes
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