Microwave devices operate in frequency ranges between 1GHz and 300 GHz. The benefits featured by these devices include low operational cost, low latency, noise cancellation, and efficient data transmission. The microwave devices allow data transmission from sender to receiver within a fraction of a second, with less data loss. They are used for critical and high-speed data operations in the healthcare, space, telecommunications, industrial, and military & defense verticals.
The rapid commercialization of 5G has paved the way for the deployment of microwave devices in multiple sectors. Microwave devices are integrated into various equipment used in the military & defense, space & communications, and healthcare verticals. The demand for microwave devices has increased on account of the rising defense expenditure to design modernized warfare equipment, including secure communication products and military radars. Furthermore, the rapid digitalization in various other industries, such as manufacturing, healthcare, and consumer electronics, to simplify and automate processes is expected to contribute to the growth of the microwave devices market. Additionally, electronic digitization has facilitated the speedy transmission of videos, pictures, and texts. The evolution of data rates and bandwidth competencies has created revenue-generating opportunities for providers of microwave devices. Microwave devices market is projected to grow from USD 6.7 billion in 2021 to USD 9.0 billion by 2027; it is expected to grow at a CAGR of 5.1%from 2021 to 2027.
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Thales Group (France), L3 Harris, Technologies, Inc. (US), Teledyne Technologies Incorporated (US), Qorvo, Inc. (US), and CPI International, Inc. (US), are the key players in the microwave devices market.
Qorvo, Inc. (US)
Qorvo, Inc. is one of the leading players operating in the microwave devices market. The company offers microwave products and solutions to the aeronautics, defense, security, and space markets. Currently, Qorvo, Inc. has offered 250,000 GaAs devices, which were sold in satellite programs for supporting GPS, telecommunications, and broadband. The company has marked its presence worldwide with branch offices in 17 countries across every continent. In November 2020, Qorvo acquired Paris-based 7Hugs Labs S.A.S., a leading software provider for ultra-wideband (UWB) applications. The acquisition of 7Hugs Labs helps strengthen Qorvo’s UWB product offering for smartphones and other devices that increase the accuracy of a host of new location and communication services.
Thales Group (France)
Thales Group is the other leading player in the manufacturing of microwave devices. The company is among the top five players in the market. Thales Group offers microwave devices such as Traveling Wave Tube (amplifiers), power amplifiers, and other microwave sources to the aerospace, defense, and related markets. The company mainly partners with the US government to offer microwave sub-components for its warfare equipment. The company works through four reportable sections: Aerospace, Transport, Defense and Security, and Digital Identity and Security. Thales Group designs and develops microwave equipment, systems, and services such as radiofrequency sources including radars and electron tubes.
Microwave Devices Market by Product (Active Devices, Passive Devices), Frequency (Ku-band, C-band, Ka-band, L-band, X-band, S-band), End User (Space & Communication, Military & Defense, Healthcare), and Geography - Global Forecast to 2027
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