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.
Access
Full Research Report by Grand View Research: 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.
No comments:
Post a Comment