HOME Research Insight Contracts, New Product Launches, Agreements, and Acquisitions Are Among the Key Strategies Adopted by Leading Players to Grow in the Microwave Devices Market

Contracts, New Product Launches, Agreements, and Acquisitions Are Among the Key Strategies Adopted by Leading Players to Grow in the Microwave Devices Market

The microwave devices market is estimated at USD 6.07 Billion in 2017 and is projected to reach USD 8.22 Billion by 2022, at a CAGR of 6.24% from 2017 to 2022. North America was the largest market for microwave devices in 2016. The growth of the microwave devices market can be attributed increasing in demand for secure military communications, high spending on intelligence, surveillance, reconnaissance, and target acquisition systems and rapid commercialization of microwave devices in the telecommunication industry.

Key players operating in the microwave devices market include L3 Technologies (US), Analog Devices (US), Thales (France), Teledyne Technologies (US), CPI (US), and Qorvo (US), among others. Major strategies adopted by the leading players include contracts, agreements, new product launches, and acquisitions. The contracts and acquisitions strategy accounted for a major share of all developments adopted by leading market players from 2010 to 2017.

Thales (France), one of the key players in the microwave devices market, is engaged in the design and manufacture of microwave devices used in defense and commercial applications. Thales is a leader in Travelling Wave Tubes (TWT) for satellites and other spacecraft and Solid-State Power Amplifiers (SSPAs) for radar chirps, telemetry, multicarrier, navigation (WAAS-SBAS, Galileo), digital modulations for telecommunication signals (mobiles), and data (images, measurement data, data relays). The company has an excellent geographic footprint. As a part of its growth strategy, the company is primarily focused on developing new products to attract international customers and acquire contracts. Moreover, the company is also focused on investing heavily in research & development activities. For instance, in 2010, Thales introduced a new powerful Ka-band Traveling Wave Tube (TWT) for large earth-station uplinks for the Broadcast and Internet Direct to Home (DTH) applications.

Teledyne Technologies (US), another prominent player in the microwave devices market, develops technologically advanced products in microwave devices. The company operates through four business segments, namely, instrumentation, aerospace and defense electronics, digital imaging, and engineered systems. The company offers microwave devices to its clients under the aerospace and defense electronics segment, through its subsidiary Teledyne Microwave Solutions (TMS). Under Teledyne Microwave Solutions (TMS), the company has been offering Traveling Wave Tubes (TWTs), Traveling Wave Tube Amplifiers (TWTAs), and Solid-State Power Amplifiers (SSPAs) since the last 50 years in various applications, including Airborne, Communications, Satcom, Test & Measurement. Teledyne Technologies has a strong presence in the microwave devices market. As a part of its key growth strategy, the company is focused on contracts and acquisitions. For instance, in July 2017, Teledyne Microwave Solutions, a subsidiary of Teledyne Technologies received an eight year contract worth USD 14.3 Million from Leonardo for the supply of Supply Advanced RF/Microwave Printed Circuit Board (PCB) Technology to support the Next-Generation AESA Radar.

Related Reports:

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

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