The microwave devices market was USD 5.58 Billion in
2016 and is projected to reach USD 8.22 Billion by 2022, at a CAGR of
6.24% from 2017 to 2022. The objectives of this study are to analyze the
microwave devices market, along with the statistics from 2017 to 2022,
as well as define, describe, and forecast the microwave devices market
based on type, frequency, application, and region.
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Based on type, the microwave devices have been
segmented into active and passive microwave devices. Active microwave
devices have been segmented into solid state microwave devices and
vacuum electron microwave devices. The active microwave devices segment
is projected to account for the largest share of the microwave devices
market in 2017. The usage of these active microwave devices in various
defense electronics and space electronics has led to the growth of the
market.
Based on frequency, the Ku-band segment is expected
to lead the microwave devices market during the forecast period. The
demand for the Ku-band is due to the high usage for satellite
communication and broadcasting. This band is also used for defense
applications for tracking purposes.
Based on application, the market has been segmented
into space & communication, defense, and commercial. The space &
communication application segment accounted for the largest share of
the microwave devices market due to its usage on various satellites and
space vehicles.
The microwave devices market has been studied for
North America, Europe, Asia Pacific, and Rest of the World. North
America is estimated to lead the microwave devices market in 2017. The
Asia Pacific microwave devices market is projected to grow at the
highest CAGR during the forecast period. The growth in the region can be
attributed to growth in space activities along with increase in defense
expenditure.
The ecosystem of the microwave devices market
includes manufacturers of microwave devices such as Analog Devices (US),
L3 Technologies (US), Teledyne Technologies (US), Thales (France),
Qorvo (US), CPI International (US), and General Dynamics (US), among
others.
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USA : 1-888-600-6441
sales@marketsandmarkets.com
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