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Microwave Devices - Global Market Trajectory & Analytics

  • ID: 4805460
  • Report
  • April 2021
  • Region: Global
  • 278 pages
  • Global Industry Analysts, Inc
Global Microwave Devices Market to Reach $9.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Microwave Devices estimated at US$6.6 Billion in the year 2020, is projected to reach a revised size of US$9.4 Billion by 2027, growing at a CAGR of 5% over the period 2020-2027. Active Microwave Devices, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passive Microwave Devices segment is readjusted to a revised 5.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 7.7% CAGR

The Microwave Devices market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 7.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 44 Featured):
  • API Technologies Corporation
  • L3 Technologies, Inc.
  • Qorvo, Inc.
  • Teledyne Technologies Inc.
  • Thales Group
  • TMD Technologies Ltd.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Increase in Commercial Drones & UAVs Drive Growth Opportunities for Microwave Technology in Airborne Telemetry
  • Microwave Technology is Optimally Poised to Leverage the Projected Opportunity in Airborne Telemetry: Global Airborne Telemetry Market (In US$ Billion) for the Years 2017, 2019 & 2022
  • Progress Towards 5G Commercialization to Drive Opportunities for Microwave Devices
  • As the Key Enabler of Backhaul Networks in 5G, Microwave Devices to Find Lucrative Growth in the Telecom End-Use Industry: Global 5G Network Infrastructure Market (In US$ Billion) for the Years 2019, 2021 and 2023
  • A Peek Into the Growth Dynamics in the Military End-Use Sector
  • Faster Communication Needs Drives Demand for Microwave Technology in Military Communications
  • Healthy Outlook for Military Communication Technologies Bodes Well for Growth in the Market: Global Military Communications Market (In US$ Billion) for the Years 2017, 2019, 2022 & 2024
  • Growing Interest in Microwave Based Weapons Opens Up Lucrative Opportunities
  • Emerging Reality of Drone Strikes & Drone Warfare Drives Interest in Directed Energy Weapons (DEW), Expanding the Addressable Opportunity for High-Power Microwave Weapons: Global DEW Market (In US$ Billion) for the Years 2017, 2019 & 2022
  • High Power Microwave to Emerge Into One of the Leading Technologies in the DEW Market: Global DEW Market Revenue Breakdown by Technology Type for the Years 2019 & 2024
  • Strong Military Budgets Worldwide Bodes Well for Growth in the Military & Defense Sector
  • Modernizing Military Tactical-Level Communications Systems & Weapon Systems Become Top Priority of Military Budgets: Global Military Spending (In US$ Billion) for the Years 2012, 2014, 2017, 2019, and 2022
  • Microwave Energy to Revolutionize Healthcare from Microwave Imaging, Therapy Equipment to Medical Waste Management
  • With Diagnostic Imaging Need Poised to Reach Over US$30 Billion by 2025, Microwave Imaging as a New Imaging Modality Stands to Gain: Global Diagnostic Imaging Opportunity (In US$ Billion) for the Years 2017, 2019, 2021 and 2023
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
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