Dublin, June 08, 2023 (GLOBE NEWSWIRE) -- The "Microwave Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Microwave Devices estimated at US$6.5 Billion in the year 2022, is projected to reach a revised size of US$9.3 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2022-2030.
Active, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$5.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Passive segment is readjusted to a revised 4.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 7.6% CAGR
The Microwave Devices market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Select Competitors (Total 44 Featured) -
- API Technologies Corporation
- L3 Technologies, Inc.
- Qorvo, Inc.
- Teledyne Technologies Inc.
- Thales Group
- TMD Technologies Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 243 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $6.5 Billion |
| Forecasted Market Value (USD) by 2030 | $9.3 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Microwave Devices - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increase in Commercial Drones & UAVs Drive Growth Opportunities for Microwave Technology in Airborne Telemetry
- Microwave Technology is Optimally Poised to Leverage the Projected Opportunity in Airborne Telemetry: Global Airborne Telemetry Market (In US$ 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
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/uxtch4
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