The global microwave devices market is
estimated to reach USD 11.86 billion by 2024, according to a new study by Grand
View Research, Inc. The increasing demand from military and defense industry is
expected to drive the market growth over the forecast period. Radar systems use
these devices for navigation and air surveillance.
Technological proliferations, in
the medical industry, are anticipated to enable the use of advanced
technologies such as microwave ablation. This technology uses a microwave,
which is focused on the infected tissue and heated, to avoid excess nerve
damage. Furthermore, these devices are also used to remove unwanted tissue mass
such as a tumor. They are widely used in medical applications, owing to their
short wavelengths, which reduce excessive surface penetration, and ability to
allow precise ablations. The devices are mainly used in treating diseases such
as skin cancers, uterine fibroids, and corneal ablation.
The growing usage of mobile
phones, mainly in the emerging economies, is enabling the use of microwave
devices, owing to their high frequencies that allow data transmission over long
distances. Advancements in healthcare facilities are expected to further
improve the market growth in these regions, due to increased production of
low-cost and affordable medical devices. The North American region has
developed medical infrastructure and the latest technologies for facilitating
extensive use of these devices.
Browse full research report on Microwave Devices Market: http://www.grandviewresearch.com/industry-analysis/microwave-devices-market
Further key findings from the study suggest:
- The increased implementation of C-band in weather
radar systems, Wi-Fi, and satellite communication is anticipated to drive
the market growth. This growth is characterized by optimum performance, in
terms of low signal loss and high frequency range.
- The increasing need for Unmanned Ariel Vehicles (UAV)
for collecting ground information and radar systems for navigation are
anticipated to increase the demand for microwave devices
- The medical segment is the fastest-growing
application segment and is expected to witness a significant growth with a
CAGR of 6% over the forecast period
- Technological advancements, in cancer detecting
imaging systems, depend on these devices for advanced diagnostics and
treatment
- The increasing usage of mobile handsets is promoting
the use of microwave devices, such as frequency emitting towers and
satellites, for sending and receiving data signals
- The spending on healthcare services in the APAC
region is growing, owing to the aging population that requires and demands
cost-effective medical facilities, increasing the demand for microwave
products such as imaging systems.
- The key industry participants include Communications
& Power Industries LLC, Cytec Corporation, e2V, L-3 Communication
systems, MicroWave Technology, Inc., RFMD, Richardson Electronics, Ltd.,
Teledyne Technologies, Inc., Thales Group, TMD Technologies Ltd., and
Toshiba Corporation, among others
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global microwave
devices market based on band frequencies, applications, and regions:
Microwave Devices Band Frequency Scope (Revenue, USD
Million; 2014 - 2024)
- S-Band
- C-Band
- X-Band
- Ku-Band
- Ka-Band
Microwave Devices Band Application Scope (Revenue, USD
Million; 2014 - 2024)
- Communication
- Medical
- Military
& Defense
- Others
Microwave Devices Band Regional Scope (Revenue, USD
Million; 2014 - 2024)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- China
- Japan
- India
- South
America
- Brazil
- Middle
East and Africa (MEA)
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-microwave-devices-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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