Global Microwave Devices Market 2017-2021

Overview of the global microwave devices market

Technavio’s market research analysis identifies the increasing demand for wireless computing devices as one of the primary growth factors for the microwave devices market. The IoT market is exponentially growing due to the increasing demand from the end-users across the globe for high-performance devices with reliable and highly portable computing platforms and connectivity over wireless networks for the easy exchange and transfer of data. IoT enables devices to collect and transmit data using sensors and actuators from wireless computing devices to a central location on a real-time basis. The implementation of IoT also assists end-users in taking an informed decision. According to our market analyssts, this market will post a revenue of almost USD 12 billion by 2021.

IoT applications generate huge traffic every minute due to the rising machine-to-machine (M2M) communication that must be managed, stored, and retrieved in numerous data centers located globally. The rising amount of data stored in the cloud and the growing cloud computing platforms and services result in telecom network operators and cloud service providers building large data centers globally. Additionally, the development of advanced technologies such as cloud-based services and big data analytics contributes to the large enterprises investing heavily in building of data centers globally. This increasing demand for data centers is identified as one of the key trends behind the growth of the microwave devices market.

Competitive landscape and key vendors

The microwave devices market is intensely competitive due to the high growth potential that encourages new vendors to enter the market. The high competition is influenced by the rapid advances in technology, intense competition, and the changing dynamics of the market. The market is highly fragmented due to the presence of several large international vendors that focus on providing microwave devices for their current production facilities and expand their geographical presence. The microwave devices manufacturers focus on M&A to attain competitive advantage as companies with better economies of scale have an edge.

The leading vendors in the market are -

• API Technologies
• L3 Technologies
• Qorvo
• Teledyne Technologies

The other prominent vendors in the market are Thales, Richardson Electronics, and TMD Technologies.

Segmentation by end user and analysis of the microwave devices market

• Communications
• Aerospace and Defense
• Medical

The communications segment witnesses the increasing demand for smartphones, phablets, and tablets, and the emergence of 5G networks that demand high power capacity to transfer data at a faster rate. Microwave devices are the core of performance for these devices and consequently, the demand for high-power and smaller microwave devices increased.

Geographical segmentation and analysis of the microwave devices market

• Americas
• APAC
• EMEA

The growing military and aerospace, medical, and defense segments in addition to the increasing manufacturing activities in Americas will contribute to the growth of this market in this region. The end users in this region are the early adopters of new technologies such as IoT, wearable technology, and other new-age innovations that increasingly demand for microwave devices due to high power storage requirements.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global microwave devices market?
• What are the key market trends impacting the growth of the global microwave devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global microwave devices market?
• What are the market opportunities and threats faced by the vendors in the global microwave devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global microwave devices market?

Technavio also offers customization on reports based on specific client requirement.

Any device capable of amplifying, modifying, generating, detecting, or measuring microwaves, or voltages having microwave frequencies is known as a microwave device. Our market research reports for the hardware and semiconductor industry follow a thorough data collection methodology and offer an analysis of fast growing market segments like semiconductor equipment. This upcoming industry research report on the global microwave devices market offers insights into the key trends and emerging market drivers influencing the growth of the hardware and semiconductor industry.

This upcoming market research report on the global microwave devices market also covers vendors like Communication and power industries, Toshiba, Richardson Electronics, RF Micro Devices, Triton Services, Electron Energy Corp., TMD Technologies, Thales, CPI, Teledyne, L-3 Communication, e2V, and API Technologies. By considering the market forecast and size, surging demand for various semiconductor equipment, the market research professionals at Technavio offer a clear picture of the global microwave devices market for the projected period of 2017 to 2021. Additionally, our research practices help clients develop operative growth strategies and keep pace with the constantly changing market landscape. This market study also offers a complete analysis based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

To offer clients the scope to classify potential market opportunities and expand in niche markets, this report on the global microwave devices market also covers geographies like the Americas, APAC, and EMEA. This upcoming industry report on the global microwave devices market also considers the growth of the similar semiconductor equipment markets such as the scanning electron microscope, which is expected to grow at a CAGR of more than 7% during the forecasted period. As per our market experts, increasing demand in navigation applications and strong government policies supporting product development may influence the demand for microwave devices.

The upcoming market research report for the global microwave devices market also classifies the key drivers, major trends, as well as the restraints that the semiconductor equipment sector currently experiences. It also presents insights into the rapidly altering competitive scenario to give clients an accurate picture of the upcoming events within the hardware and semiconductor industry. Technavio also provides deep-dive market assessments into the sectors such as embedded systems and sensors.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.