Integrated Microwave Assembly Market is Powered by the Increasing Number of Product Launches
The size of the integrated microwave assembly market was about USD 1,581.7 million in 2023, and it will power at a compound annual growth rate of 7% in the years to come, touching a total value of USD 2,514.1 million by 2030.
This has a lot to do with the fast deployment of the 5G tech, progression of the prevailing radio communications and radar systems, widely used in the military; revolutions in the technologies important to the aviation sector, and growing funding and capital investment in the electronics industry by the governments of developing nations.
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The military & defense sector has a considerable revenue share. This is owing to the increase in governments’ expenditure to augment communication systems and install pioneering technologies for further defense purposes. Consequently, to win multi-million-dollar defense contracts, more than a few companies are engaging to offer cutting-edge solutions for this industry.
Furthermore, the avionics category is contributing substantial revenue. This is attributable to the rising aerospace industry, mounting requirement for innovative products embedded in the cockpit, snowballing air traffic because of the high count of passenger flights, growing requirement for military aircraft from developing economies, and growing acceptance of sophisticated flight management solutions.
The Ku-band leads the integrated microwave assembly market share of 25%, in 2023, and it will maintain its position in the years to come. Ku-bands are chiefly used for satellite communications, particularly downlink, and used in direct-transmission satellites for satellite TV, data communication services, to allow broadband internet access through satellite; and VSAT systems, employed for maritime communications, telecom services, enterprise networks, and remote monitoring.
Additionally, the Ku-band is favored over low-frequency microwave bands, as shorter wavelength can definitely signal with diverse communication satellites working with a smaller parabolical antenna.
The amplifiers category leads the way, in the share of 30% share, in 2023, and it will also continue to lead in the future. This is as a result of the high acceptance of power amplifiers in the military & defense industry; mounting requirement for high-speed communication, creating a possible market for low-noise amplifiers; increasing requirement for tablets, smartphones, and laptops; and tech innovations. Furthermore, the use of the 4G tech is rising accompanied by the introduction of next-gen wireless networks, precisely 5G.
Frequency converters also observe considerable sales in the industry. This is for the reason that such components are indispensable for the high performance of mission-critical systems, for example electronic warfare systems, radars, and broadband communication networks.
It is because of the increasing count of product launches all over the world, the requirement for integrated microwave assembly is on the rise. This trend will continue in the years to come as well.
