Microwave Devices Market Size, Share & Trends Analysis Report By Band Frequency (S-Band, C-Band, X-Band, Ku-Band, Ka-Band), By Application (Communication, Medical, Military & Defense), By Region, And Segment Forecasts, 2023 - 2030

Microwave Devices Market Size & Trends

The global microwave devices market size was valued at USD 7.49 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The growing usage of SiC and GaN devices in the upcoming amplifier technology is expected to drive industry growth. Microwave devices offer high efficiency and heat tolerance. They are also able to perform well in harsh environments. Technologically advanced microwave devices with enhanced accuracy are being implemented in telecommunication applications. They are used extensively due to their high bandwidth that facilitates high rates of data transmission. They are also capable of generating, amplifying, detecting, and even measuring microwaves.

Asia Pacific is one of the significant contributors to the communication sector. The introduction of telecom network bands, such as 4G, enables the implementation of microwave-emitting hardware in network towers. This is expected to drive the regional market growth for microwave devices over the forecast period. Countries such as the UK and Germany are also contributing towards industry growth, owing to the presence of key vendors such as e2v, Thales Group, and TMD Technologies Ltd.

The mentioned companies offer a broad range of products, such as power modules, amplifiers, and transmitters. Increasing investments in research and development activities by key industry vendors have encouraged the development of innovative and sophisticated microwave devices. They are used in the connected technology space that enables access to an extensive consumer base.

Band Frequency Insights

The C-band segment accounted for the largest revenue share of 31.1% in 2022. C-band is used across multiple sectors, such as satellite, communications, and television. It is affordable and is also used in communication applications such as fiber optics. Furthermore, it is implemented in radio transmissions and particle accelerators. The abovementioned applications are stimulating the global demand for C-band microwave devices.

The X-band segment, on the other hand, is expected to expand at the fastest CAGR of 7.6% during the forecast period, owing to its use in a variety of applications, including satellite communications, radar, and medical imaging. X-band microwave devices have a number of advantages over other types of microwave devices, including their ability to transmit and receive signals over long distances, high bandwidth, and resistance to interference.

Application Insights

The military & defense segment accounted for the largest revenue share of 38.9% in 2022. The strong segment share is attributed to the increasing use of microwave technology in a variety of applications in this area, including radar, communications, and electronic warfare. It is used in microwave radar systems, which are used to detect and track objects. Furthermore, it is utilized in microwave electronic warfare systems that are used to jam enemy radar and communications systems.

The medical segment is expected to grow at the fastest rate of 7.4% during the forecast period. Microwave devices have numerous applications, being used in cancer detection and ablation of tissue & cornea due to their optimum surface penetration. They are also used in medical diagnostics for imaging and testing. Furthermore, they facilitate the detection of cancer cells at early stages. Microwave imaging techniques, such as microwave tomography and microwave radar imaging, are used to diagnose and treat various medical conditions, including cancer, CVDs, and neurological disorders.

Regional Insights

North America dominated the market and accounted for a revenue share of 40.1% in 2022. Large-scale investments in the defense industry are expected to drive the growth of the regional market, owing to the implementation of broadband data links, countermeasures, and surface radars. Furthermore, technological innovations in this region are enabling the development of sophisticated and reliable products.

The Asia Pacific region is expected to expand at the fastest CAGR of 8.2% over the forecast period. The rapid growth can be attributed to the rising demand for such devices in the regional communication, aerospace, and defense industries. The region is also home to some of the largest economies in the world, such as China and India, which are investing heavily in the development of their infrastructure, thus driving the demand for microwave devices.

Key Companies & Market Share Insights

Industry participants mainly focus on new product developments that enable low-cost and high-quality manufacturing. Organizations undertake mergers & acquisitions and partnerships for broadening their product offerings across industries. For instance, in March 2023, Communications & Power Industries was awarded a contract worth approximately USD 20 million by ARSAT to provide tracking and command, gateway systems, and Ka-band telemetry to support the ARSAT-SG1 satellite. As part of the contract, CPI would provide six 6.3-meter gateway earth station antennas and two 13.2-meter TT&C antennas at several sites in Argentina.

Recent Developments

• In January 2023, SWISSto12, a Switzerland-based aerospace company, signed an agreement with Thales, wherein the latter would develop & supply Ka-band Solid-State Power Amplifiers, which would become a critical element of the antenna link between SWISSto12’s HummingSat, a geostationary small satellite, and the Earth

• In January 2023, CML Microsystems, Plc, a U.K.-based company, entered into an agreement to acquire Microwave Technology Inc., which designs and manufactures discrete devices, GaN- and GaAs-based MMICs, and hybrid amplifier products for space, defense, commercial wireless communication, and medical applications. The acquisition aims to increase the group's product range, as well as its support and R&D capabilities, by providing knowledge and experience in system-level understanding, product manufacturing, and packaging processes

Microwave Devices Market Report Scope

Global Microwave Devices Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global microwave devices market report on the basis of band frequency, application, and region:

• Band Frequency Outlook (Revenue, USD Million, 2017 - 2030)

  • S-band

  • C-band

  • X-band

  • Ku-band

  • Ka-band

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Communication

    • Wireless

    • Broadcast

    • Others

  • Medical

  • Military & Defense

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

  • Central & South America

    • Brazil

  • Middle East and Africa

    • Saudi Arabia

    • South Africa

    • UAE