Microwave Devices Market to surpass USD 10 billion by 2032, Says Global Market Insights inc.
Microwave Devices Industry size is expected to register 5% CAGR between 2024 and 2032 propelled by expansion and deployment of 5G networks.
Selbyville, Delaware, Oct. 24, 2024 (GLOBE NEWSWIRE) — Microwave Devices Market was valued at USD 7.7 billion in 2023 and is projected to be worth USD 10 billion by the end of 2032, as per a
North America emerged as the leading region in the global microwave devices market in 2023, capturing more than 35% of the market share. The region’s strong aerospace and defense industries significantly drive the demand for microwave devices utilized in radar systems and communication technologies. Furthermore, North America plays a pivotal role in the deployment of 5G and telecommunications infrastructure, necessitating high-performance microwave components to support rapid and reliable connectivity. The presence of prominent technology firms and defense contractors in this region fosters continuous innovation and the adoption of advanced microwave technologies, further bolstering market growth.
Microwave Devices Market Players
Companies including L3Harris Technologies, Qorvo, Teledyne Technologies, CPI International, Toshiba, Richardson Electronics, Thales are some firms working in microwave devices industry.
The microwave devices industry research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD million) from 2021 to 2032, for the following segments:
Market, By Type
- Active
- Passive
Market, By Frequency
- C-band
- C-band
- X-band
- Ku-band
- Ka-band
- L-band
- Others
Market, By End-Use Industry
- Healthcare
- Aerospace & defense
- Telecommunication
- Industrial
- Others
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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