The market for microwave devices is anticipated to grow to US$ 7.8 billion in 2022 and to US$ 13.4 billion by 2032, with a CAGR of 5.5 percent from 2022 to 2032.
Microwave Device market is the market increasing due to the usage of navigation radars used by UAV as these Microwave are suitable for wireless transmission of signals of having larger bandwidth. These Microwave device are generally used for satellite communications, radar signals, phones, and navigational applications. Other uses of these Microwave Device are medical treatments, drying materials, and in households for the preparation of food.
Microwave Device technology consist of electromagnetic rays having frequencies 300 MHz to 300 GHz in the electromagnetic spectrum travelling in straight lines. These Microwave Device are generally of two type semiconductor microwave Device and tube microwave Device.
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Microwave Device Market: Drivers and Challenges
The major factor driving the adoption of Microwave Device is the increasing usage of Microwave devices in various segments such as cooking, medical and for security purpose. These usage of microwave devices helps in providing wide bandwidth without need of cable. Another factor driving this Microwave Device market is that Microwaves can carry high quantity of information due to which Microwave devices are used for faster operations.
The key challenge for Microwave Device market is the high cost of these devices and Line-of-sight will be disrupted if any obstacle, such as new buildings, are in the way due to which signal can be missed. It takes high transit time of carriers through these Microwave Device which is another challenges faced by users.
In September 2016, Midea, a home appliances provider has entered into the partnership with NXP, a semiconductors company and Microwave Device provider for new smart kitchen appliance which will use power from RF cooking technology. This technology will be implemented in microwave heating devices.
Key Players in Microwave Device Market
In Microwave Device market there are many providers some of them are L-3 Communications, API Technologies, Thales Group, Electron Energy Corporation and others.
Presently, North America and Europe is holding the largest market share for Microwave Device market due to presence of major market players in these region. Moreover the rising usage of microwave technology for medical and household appliances is helping this market to increase in these region.
Asia –Pacific is also increasingly adopting Microwave Device technologies with the entry of major & established players such as Samsung and others along with launching new products in developing countries.
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The report covers exhaustive analysis on
• Microwave Device Market Segments
• Market Dynamics
• Historical Actual Market Size, 2014 – 2016
• Market Size & Forecast 2017 to 2027
• Value Chain
• Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Market Drivers and Restraints
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
• Passive Devices
• Active Devices
By End User:
• Military & Defence
• Space & Communication
• North America
• Latin America
• Asia Pacific