Microwave Devices

Global Microwave Devices Market to Reach US$9.3 Billion by 2030

The global market for Microwave Devices estimated at US$7.1 Billion in the year 2024, is expected to reach US$9.3 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2024-2030. Active, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$5.1 Billion by the end of the analysis period. Growth in the Passive segment is estimated at 4.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.9 Billion While China is Forecast to Grow at 7.6% CAGR

The Microwave Devices market in the U.S. is estimated at US$1.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.0 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global Microwave Devices Market - Key Trends & Drivers Summarized

What Are Microwave Devices and Why Are They Fundamental in Modern Technology?
Microwave devices are essential components used in a variety of applications across telecommunications, radar systems, medical treatments, and space communications. These devices, including amplifiers, oscillators, and transceivers, operate in the microwave spectrum of the electromagnetic wave range, typically from 1 GHz to 300 GHz. Their ability to transmit signals over long distances without significant data loss makes them invaluable in satellite communications and broadcasting. Microwave devices are also critical in radar technology used for navigation, weather monitoring, and defense security systems, where their capacity to detect objects at various distances and speeds is unmatched.

How Is the Demand for Microwave Devices Being Shaped by Global Communication Needs?
The global demand for microwave devices is increasingly driven by the expanding need for enhanced communication infrastructure. As the world moves towards more connected societies, the reliance on high-speed communication systems intensifies. Microwave devices are pivotal in supporting these systems, providing the backbone for seamless wireless communication and data transmission over vast distances. They are also instrumental in the development and expansion of broadband networks, including the deployment of next-generation 5G networks, where they help manage higher data rates and reduce latency, thereby enhancing user experiences and connectivity.

What Technological Advancements Are Influencing the Microwave Devices Industry?
Technological advancements are significantly influencing the microwave devices industry, primarily through the development of more efficient, powerful, and compact components. Innovations in semiconductor materials, such as gallium nitride (GaN) and silicon carbide (SiC), have led to the creation of devices that can operate at higher voltages and temperatures, improving their performance and reliability. Additionally, advancements in fabrication techniques have reduced the size and cost of microwave devices, making them more accessible for a wider range of applications, from commercial telecommunications to specialized military and space uses.

Growth in the Microwave Devices Market Is Driven by Several Factors
The growth in the Microwave Devices market is driven by several factors, including the rapid expansion of mobile and satellite communication networks globally. As data consumption and the demand for broadband connectivity continue to surge, the need for advanced microwave technology to support these services increases. Additionally, advancements in radar and security applications, particularly in the defense sector, where accurate and reliable communication is crucial, also propel the market forward. Economic growth in emerging markets is contributing to increased investments in communication infrastructure, further stimulating the demand for microwave devices. Ongoing research and development aimed at enhancing the efficiency and reducing the size of these devices are expected to continue fostering growth in this dynamic market.

SCOPE OF STUDY:

The report analyzes the Microwave Devices market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Active, Passive); End-Use (Space & Communication, Defense, Healthcare, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• API Technologies Corporation
• L3 Technologies, Inc.
• Qorvo, Inc.
• Teledyne Technologies Inc.
• Thales Group
• TMD Technologies Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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