The microwave device market is anticipated to grow to US$ 7.8 billion in 2022 and to US$ 13.4 billion by 2032, with a CAGR of 5.5% from 2022 to 2032.
The microwave device market is the market increasing due to the usage of navigation radars used by UAVs as these Microwaves are suitable for wireless transmission of signals having larger bandwidth. These Microwave devices are generally used for satellite communications, radar signals, phones, and navigational applications. Other uses of these Microwave Devices are medical treatments, drying materials, and in households for the preparation of food.
Microwave Device technology consists of electromagnetic rays having frequencies 300 MHz to 300 GHz in the electromagnetic spectrum travelling in straight lines. These Microwave Devices are generally of two types semiconductor microwave Devices and tube microwave Devices.
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Microwave Device Market: Drivers and Challenges:
The major factor driving the adoption of Microwave Devices is the increasing usage of Microwave devices in various segments such as cooking, medical and security purposes. This usage of microwave devices helps in providing wide bandwidth without the need for cable. Another factor driving this Microwave Device market is that Microwaves can carry a high quantity of information due to which Microwave devices are used for faster operations.
The key challenge for the Microwave Device market is the high cost of these devices and Line-of-sight will be disrupted if any obstacle, such as new buildings, are in the way due to which signal can be missed. It takes high transit time for carriers through these Microwave Devices which is another challenge faced by users.
Key Contracts:
In September 2016, Midea, a home appliances provider entered into a partnership with NXP, a semiconductors company and Microwave Device provider for a new smart kitchen appliance which will use power from RF cooking technology. This technology will be implemented in microwave heating devices.
Leading Key Players:
In the Microwave Device market there are many providers some of them are L-3 Communications, API Technologies, Thales Group, Electron Energy Corporation and others.
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Microwave Device Market Segmentation:
By Product:
- Passive Devices
- Active Devices
By End User:
- Healthcare
- Military & Defence
- Space & Communication
By Frequency:
- Ku-band
- C-band
- Ka-band
- L-band
- S-band
- X-band
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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