Microwave Devices Market by Type (Active Microwave Devices, Passive Microwave Devices), Frequency (L-Band, S-Band, C-Band, X-Band, Ku-Band, Ka-Band), Application (Space & Communication, Defense, Commercial), and Region - Global Forecast to 2022

155 Pages Report] 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. The year 2016 has been considered as the base year while 2017 to 2022 has been considered as the forecast period for this study on the microwave devices market.

The research methodology that has been used to estimate and forecast the microwave devices market begins with capturing data about the key microwave devices through secondary sources such as the Semiconductor Industry Association (SIA), Global Semiconductor Alliance (GSA), and paid databases. The different types of microwave devices offered have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the microwave devices market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as chief executive officers, vice presidents, directors, and executives of the leading companies in the microwave devices market. These data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments of the microwave devices market. The breakdown of the profiles of primaries has been depicted in the figure given below:

To know about the assumptions considered for the study, download the pdf brochure

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.

Target Audience for this Report:

• Manufacturers of Microwave Devices
• Microwave Devices Component/Subcomponent Providers
• Original Equipment Manufacturers
• Investors, Venture Capitalists, and Funding Bodies
• Academic Researchers/Organizations
• Scientific Research Centres
• Technology Support Providers
• Microwave Devices Direct Sellers
• Microwave Devices Distributors

“This study on the microwave devices market answers several questions for the stakeholders, primarily which market segments they need to focus upon during the next two to five years, to prioritize their efforts and investments.”

Scope of the Report

This research report categorizes the microwave devices market into the following segments:

• Microwave Devices Market, by Type
  • Active Microwave Devices
  • Passive Microwave Devices
• Microwave Devices Market, by Frequency
  • L-band
  • C-band
  • S-band
  • X-band
  • Ka-band
  • Ku-band
  • Others
• Microwave Devices Market, by Application
  • Space & Communication
  • Defense
  • Commercial
• Microwave Devices Market, by Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

• Product Matrix, which offers a detailed analysis of each of the components of microwave devices
• Regional breakdown of solid-state microwave devices materials market

Geographic Analysis

• Further breakdown of the Rest of the world microwave devices market into the UAE, Saudi Arabia, South Africa, Argentina, and other countries
• Further breakdown of the Rest of Europe microwave devices market into Spain, Italy, Sweden, Norway, and other key countries
• Further breakdown of the Rest of Asia Pacific microwave devices market into Australia, Taiwan, Singapore, Philippines, and others

Company Information

• Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Regional Scope
           1.3.3 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Market Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Microwave Devices Market
    4.2 Microwave Devices Market, By Vacuum Electron Microwave Devices
    4.3 North America Microwave Devices Market, By Application and By Vacuum Electron Microwave Devices
    4.4 Microwave Devices Market, By Solid-State Microwave Devices Material

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Secured Military Communication
                    5.2.1.2 High Spending on Intelligence, Surveillance, Reconnaissance, and Target Acquisition Systems
                    5.2.1.3 Rapid Commercialization of Microwave Devices in the Telecommunication Industry
                    5.2.1.4 High Demand for Miniaturized Microwave Devices
           5.2.2 Restraints
                    5.2.2.1 High Technological Cost of Microwave Devices
           5.2.3 Opportunities
                    5.2.3.1 Increasing Use of Modern Warfare Techniques
                    5.2.3.2 High-Efficiency Materials Reshaping the Microwave Devices Market
                    5.2.3.3 Increasing Number of Satellite Launches
                    5.2.3.4 Rising Demand for Microwave Devices in the Medical Industry
           5.2.4 Challenges
                    5.2.4.1 High Cost Associated With the Implementation of Communication Technologies
                    5.2.4.2 Electromagnetic Jamming and Noise Interruption

6 Industry Trends (Page No. - 39)
    6.1 Introduction
    6.2 Industry Trends
           6.2.1 Electromagnetic Weapons
           6.2.2 5g Mobile Communication
           6.2.3 Shift From Gallium Arsenide to Gallium Nitride
           6.2.4 Developments in Q- and V-Band Satellite Communication
    6.3 Microwave Frequency Bands
    6.4 Innovation & Patent Registrations
    6.5 Microwave Device Regulatory Bodies, By Region

7 Microwave Devices Market, By Type (Page No. - 43)
    7.1 Introduction
    7.2 Active Microwave Devices
           7.2.1 Solid-State Microwave Devices, By Type
                    7.2.1.1 Solid-State Power Amplifier
                    7.2.1.2 Other Solid-State Microwave Devices
           7.2.2 Solid-State Microwave Devices, By Material
                    7.2.2.1 Gallium Arsenide (GAAS)
                    7.2.2.2 Silicon
                    7.2.2.3 Gallium Nitride (GAN)
                    7.2.2.4 Silicon Carbide (SIC)
                    7.2.2.5 Other Materials
           7.2.3 Vacuum Electron Microwave Devices, By Type
                    7.2.3.1 Travelling Wave Tube Amplifier (TWTA)
                    7.2.3.2 Klystron
                    7.2.3.3 Magnetron
                    7.2.3.4 Crossed-Field Amplifier
                    7.2.3.5 Other Vacuum Electron Microwave Devices
    7.3 Passive Microwave Devices
           7.3.1 Waveguides
           7.3.2 Couplers
           7.3.3 Attenuators
           7.3.4 Isolators
           7.3.5 Circulators
           7.3.6 Others

8 Microwave Devices Market, By Frequency (Page No. - 54)
    8.1 Introduction
    8.2 Ku-Band
    8.3 C-Band
    8.4 Ka-Band
    8.5 L-Band
    8.6 X-Band
    8.7 S-Band
    8.8 Other Bands

9 Microwave Devices Market, By Application (Page No. - 61)
    9.1 Introduction
    9.2 Space & Communication
    9.3 Defense
           9.3.1 Radar
           9.3.2 Missile & Munition
           9.3.3 Electronic Warfare
    9.4 Commercial
           9.4.1 Medical
           9.4.2 Industrial
           9.4.3 Scientific Research
    9.5 Space & Communication Active Microwave Devices Market, By Type
    9.6 Defense Active Microwave Devices Market, By Type
    9.7 Commercial Active Microwave Devices Market, By Type

10 Regional Analysis (Page No. - 68)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 UK
             10.3.4 Russia
             10.3.5 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 South Korea
             10.4.4 India
             10.4.5 Rest of Asia Pacific
     10.5 Rest of the World
             10.5.1 Brazil
             10.5.2 Others

11 Competitive Landscape (Page No. - 105)
     11.1 Introduction
     11.2 Market Ranking Analysis, 2016
     11.3 Brand Analysis
     11.4 Competitive Scenario
             11.4.1 Contracts
             11.4.2 Acquisitions
             11.4.3 New Product Launches
             11.4.4 Agreements, Collaborations, Expansions, and Partnerships

12 Company Profiles (Page No. - 113)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 Introduction
     12.2 Financial Highlights
     12.3 Teledyne Technologies
     12.4 Thales
     12.5 L3 Technologies
     12.6 Qorvo
     12.7 CPI International
     12.8 Analog Devices
     12.9 Microsemi
     12.10 Toshiba Electron Tubes & Devices
     12.11 General Dynamics
     12.12 Kratos Defense & Security Solutions
     12.13 Macom

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 147)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (108 Tables)

Table 1 US Department of Defense Budget Allocation for Procurement of Cet&I Technologies for 2017
Table 2 Microwave Frequency Bands
Table 3 Important Innovation & Patent Registrations, 2011-2017
Table 4 Microwave Devices Market, By Type, 2015-2022 (USD Million)
Table 5 Active Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 6 Active Microwave Devices Market, By Type, 2015–2022 (USD Million)
Table 7 Solid-State Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 8 Solid-State Microwave Devices Market, By Type, 2015–2022 (USD Million)
Table 9 Solid-State Power Amplifier Market, By Region, 2015–2022 (USD Million)
Table 10 Other Solid-State Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 11 Solid-State Microwave Devices Market, By Material, 2015–2022 (USD Million)
Table 12 Vacuum Electron Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 13 Vacuum Electron Microwave Devices Market, By Type, 2015–2022 (USD Million)
Table 14 Travelling Wave Tube Amplifier (TWTA) Market, By Region, 2015–2022 (USD Million)
Table 15 Klystron Market, By Region, 2015–2022 (USD Million)
Table 16 Magnetron Market, By Region, 2015–2022 (USD Million)
Table 17 Crossed-Field Amplifier Market, By Region, 2015–2022 (USD Million)
Table 18 Other Vacuum Electron Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 19 Passive Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 20 Microwave Devices Market, By Frequency, 2015-2022 (USD Million)
Table 21 Ku-Band Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 22 C-Band Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 23 Ka-Band Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 24 L-Band Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 25 X-Band Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 26 S-Band Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 27 Other Bands Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 28 Microwave Devices Market, By Application, 2015-2022 (USD Million)
Table 29 Space & Communication Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 30 Defense Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 31 Defense Microwave Devices Market, By End Use, 2015–2022 (USD Million)
Table 32 Commercial Microwave Devices Market, By Region, 2015–2022 (USD Million)
Table 33 Commercial Microwave Devices Market, By End Use, 2015–2022 (USD Million)
Table 34 Space & Communication Active Microwave Devices Market, By Type, 2015–2022 (USD Million)
Table 35 Defense Active Microwave Devices Market, By Type, 2015–2022 (USD Million)
Table 36 Commercial Active Microwave Devices Market, By Type, 2015–2022 (USD Million)
Table 37 Microwave Devices Market Size, By Region, 2015-2022 (USD Million)
Table 38 North America: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 39 North America: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 40 North America: Microwave Devices Market Size, By Vacuum Electron Microwave Devices, 2015-2022 (USD Million)
Table 41 North America: Microwave Devices Market Size, By Solid-State Microwave Devices, 2015-2022 (USD Million)
Table 42 North America: Microwave Devices Market Size, By Frequency, 2015-2022 (USD Million)
Table 43 North America: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 44 North America: Microwave Devices Market Size, By Country, 2015-2022 (USD Million)
Table 45 US: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 46 US: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 47 US: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 48 Canada: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 49 Canada: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 50 Canada: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 51 Europe: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 52 Europe: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 53 Europe: Microwave Devices Market Size, By Vacuum Electron Microwave Devices, 2015-2022 (USD Million)
Table 54 Europe: Microwave Devices Market Size, By Solid-State Microwave Devices, 2015-2022 (USD Million)
Table 55 Europe: Microwave Devices Market Size, By Frequency, 2015-2022 (USD Million)
Table 56 Europe: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 57 Europe: Microwave Devices Market Size, By Country, 2015-2022 (USD Million)
Table 58 Germany: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 59 Germany: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 60 Germany: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 61 France: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 62 France: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 63 France: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 64 UK: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 65 UK: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 66 UK: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 67 Russia: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 68 Russia: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 69 Russia: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 70 Rest of Europe: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 71 Rest of Europe: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 72 Rest of Europe: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 73 Asia Pacific: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 74 Asia Pacific: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 75 Asia Pacific: Microwave Devices Market Size, By Vacuum Electron Microwave Devices, 2015-2022 (USD Million)
Table 76 Asia Pacific: Microwave Devices Market Size, By Solid-State Microwave Devices, 2015-2022 (USD Million)
Table 77 Asia Pacific: Microwave Devices Market Size, By Frequency, 2015-2022 (USD Million)
Table 78 Asia Pacific: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 79 Asia Pacific: Microwave Devices Market Size, By Country, 2015-2022 (USD Million)
Table 80 China: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 81 China: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 82 China: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 83 Japan: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 84 Japan: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 85 Japan: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 86 South Korea: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 87 South Korea: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 88 South Korea: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 89 India: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 90 India: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 91 India: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 92 Rest of Asia Pacific: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 93 Rest of Asia Pacific: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 94 Rest of Asia Pacific: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 95 Rest of the World: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 96 Rest of the World: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 97 Rest of the World: Microwave Devices Market Size, By Vacuum Electron Microwave Devices, 2015-2022 (USD Million)
Table 98 Rest of the World: Microwave Devices Market Size, By Solid-State Microwave Devices, 2015-2022 (USD Million)
Table 99 Rest of the World: Microwave Devices Market Size, By Frequency, 2015-2022 (USD Million)
Table 100 Rest of the World: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 101 Rest of the World: Microwave Devices Market Size, By Country, 2015-2022 (USD Million)
Table 102 Brazil: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 103 Brazil: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 104 Brazil: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 105 Others: Microwave Devices Market Size, By Type, 2015-2022 (USD Million)
Table 106 Others: Microwave Devices Market Size, By Active Microwave Devices, 2015-2022 (USD Million)
Table 107 Others: Microwave Devices Market Size, By Application, 2015-2022 (USD Million)
Table 108 Brand Analysis of Top Five Players in the Microwave Devices Market

List of Figures (45 Figures)

Figure 1 Research Process Flow
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Based on Type, the Active Microwave Devices Market is Projected to Lead From 2017 to 2022
Figure 8 The Solid-State Microwave Devices Market is Estimated to Lead the Active Microwave Devices Market in 2017
Figure 9 The Space & Communication Application is Projected to Lead the Microwave Devices Market During the Forecast Period
Figure 10 Based on Frequency Band, the Ku-Band is Estimated to Lead the Microwave Devices Market in 2017
Figure 11 Regional Snapshot: Microwave Devices Market
Figure 12 Increasing Demand for Secure Military Communications is Projected to Drive the Microwave Devices Market During the Forecast Period
Figure 13 Travelling Wave Tube Amplifier to Account for the Highest Share in the Vacuum Electron Microwave Devices Market in 2017
Figure 14 Space & Communication Application is Estimated to Account for the Largest Share of the North America Microwave Devices Market in 2017
Figure 15 Gallium Arsenide Material Market is Projected to Lead the Microwave Devices Market From 2017 to 2022
Figure 16 Market Dynamics
Figure 17 Industry Trends in the Microwave Devices Market
Figure 18 Active Microwave Devices Market Projected to Grow at Higher CAGR During the Forecast Period
Figure 19 Ku-Band Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Space & Communication Microwave Devices Market is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 21 North America is Estimated to Account for the Largest Share of the Microwave Devices Market in 2017
Figure 22 North America Microwave Devices Market Snapshot
Figure 23 Europe Microwave Devices Market Snapshot
Figure 24 Asia Pacific Microwave Devices Market Snapshot
Figure 25 Companies Adopted Contracts and New Product Launches as the Key Growth Strategies From 2010 to 2017
Figure 26 Ranking of Key Players in the Microwave Devices Market, 2016
Figure 27 Key Developments Undertaken By Leading Players in the Microwave Devices Market (2014-2017)
Figure 28 Leading Microwave Device Companies, By Region
Figure 29 Regional Revenue Mix of Top 5 Market Players
Figure 30 Financial Highlights of Major Players in the Microwave Devices Market
Figure 31 Teledyne Technologies: Company Snapshot
Figure 32 Teledyne Technologies: SWOT Analysis
Figure 33 Thales: Company Snapshot
Figure 34 Thales: SWOT Analysis
Figure 35 L3 Technologies: Company Snapshot
Figure 36 L3 Technologies: SWOT Analysis
Figure 37 Qorvo: Company Snapshot
Figure 38 Qorvo: SWOT Analysis
Figure 39 CPI International: Company Snapshot
Figure 40 CPI International: SWOT Analysis
Figure 41 Analog Devices: Company Snapshot
Figure 42 Microsemi: Company Snapshot
Figure 43 General Dynamics: Company Snapshot
Figure 44 Kratos Defense & Security Solutions: Company Snapshot
Figure 45 Macom: Company Snapshot

The microwave devices market is projected to grow from an estimated USD 6.07 Billion in 2017 to USD 8.22 Billion by 2022, at a CAGR of 6.24% from 2017 to 2022. Microwave devices are used in defense, space & communication, and commercial applications. Increasing defense expenditure and R&D activities for the development of new generation defense products have led to an increase in the demand for microwave devices. These devices include various military radars and secure communication products. The microwave devices market has been segmented based on type, frequency, application, and region.

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 replacement of traveling wave tube by solid-state microwave devices and consumer disinterest in the upgradation of obsolete systems are restraints in the growth of microwave systems market across the globe, leading to the slow growth of the market.

The products offered by various companies operating in the microwave devices market have been listed in the report. The recent developments section of the report includes information on the strategies adopted by various companies between January 2016 and August 2017 to strengthen their positions in the microwave devices market. Communication & Power Industries (US), Thales (France), Teledyne Technologies (US), L3 Technologies (US), and MicroWave Technology (UK), among others, are the major players operating in the microwave devices market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst