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The global microwave devices market size is anticipated to expand at a significant CAGR during the forecast period, 2020 to 2026 owing to a surge in the demand for secured military communication. A microwave device is similar to a transistor or a diode that are used in high frequency applications. Continuous advancements in technology have led to the manufacture u00a0of various electronic and microwave components with the integration of solid-state electronics and microwave operations. Microwave devices have a wide variety of applications in various industries such as communications, marine radar, civil airborne, and automobiles.
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Microwave Devices Market Size, Growth | Industry Analysis Report 2026 The global microwave devices market size is anticipated to expand at a significant CAGR during the forecast period, 2020 to 2026 owing to a surge in the demand for secured military communication. A microwave device is similar to a transistor or a diode that are used in high frequency applications. Continuous advancements in technology have led to the manufacture of various electronic and microwave components with the integration of solid-state electronics and microwave operations. Microwave devices have a wide variety of applications in various industries such as communications, marine radar, civil airborne, and automobiles.
Market Trends, Drivers, Restraints, and Opportunities: Rise in spending on intelligence, reconnaissance, surveillance, and talent acquisition systems is a major factor driving the global market. Rapid commercialization of active and passive microwave devices in the telecom industry is another key factor boosting the growth of the market. High costs related to microwaves devices technology is a key factor hampering the growth of market. Increasing use of modern warfare techniques is creating new opportunities in the market. Rising preference toward use of high-efficiency materials is also a potential factor in creating new growth opportunities in the microwave devices market.
North America to lead the market due to an increase in investments in the defense sector in the region On the basis of regions, the global microwave devices market has been classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held a large share of the market and is projected to expand at a rapid pace owing to high investments in defense infrastructure. Moreover, innovations in technology in the region are boosting the development of reliable and sophisticated microwave devices. This, in turn, is boosting the market in the region. The market in Asia Pacific is projected to grow owing to the advancements in various associated industries in major countries such as India, China, and Japan in Asian Pacific. Competitive Landscape: Key participants in the microwave devices market are Communications & Power Industries LLC, Thales Group, Teledyne Defense Electronics, L3Harris Narda-MITEQ, Wireless Excellence Limited, and MicroWave Technology, Inc. Growth strategies adopted by the players include mergers & acquisitions collaborations, agreements, and partnerships. They also engage in product launches to strengthen their geographical presence and garner market share.
Scope of the report: The report on microwave devices market includes an assessment of the market, size, share, trends, segments and regional markets. Overview and dynamics have been included in the report.
Microwave Devices Market Segment Insights: Growing usage of active microwave devices in space electronics drive the segment growth Based on types, the market has been bifurcated into active microwave devices and passive microwave devices. The active microwave devices segment held a dominant share of the market and is anticipated to expand at a considerable pace during the forecast period owing to its high usage in various defense electronics and space electronics. Increasing in space vehicles fuels the growth of the space & communication segmentusage of microwave devices Based on applications, the market has been divided into space & communication, defense, and commercial. The space & communication segment accounted for a significant share of the market owing to the extensive usage of microwave devices in various space vehicles and satellites. The commercial segment held a substantial share in the market and is expected to grow at a steady pace during the forecast period due to rising adoption of treatment instruments integrated with these devices.
Segments Covered in the Report The global microwave devices market has been segregated on the basis of types, applications, and regions. By Types Active Microwave Devices Passive Microwave Devices By Applications Space & Communication Defense Commercial By Regions North America Europe Asia Pacific Latin America Middle East& Africa
