Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Integrated Microwave Assembly Market size is expected to reach $2.3 billion by 2028, rising at a market growth of 7.1% CAGR during the forecast period.
The C-Band segment is showcasing a CAGR of 7.4% during (2022 - 2028). Downlink satellite transmissions using C-band frequencies provide a broad range of services in developing and developed countries. These services include critical applications such as distance learning, telemedicine, universal access services, backhaul services, very small aperture terminal (VSAT) data links like bank transactions or corporate networks, television program distribution, mobile-satellite service feeder links, and emergency. These services necessitate the high reliability along with wide geographic coverage that only the C-band can provide. Therefore, the increasing growth of this segment is owing to the properties of the band.
The Military & Defense segment acquired maximum revenue share in the Global Integrated Microwave Assembly Market by Vertical in 2021, thereby, achieving a market value of $1.0 billion by 2028. The integrated microwave assembly market for the defense and military sector is estimated to have a significant demand in the coming years owing to the rising requirement for military communication, electronic warfare, and radar sub-segments in this vertical. Moreover, RF jammers are also in high demand, which is driving the integrated microwave assembly market for the military & defense vertical.
The Frequency Synthesizers segment has shown growth rate of 8.3% during (2022 - 2028). A frequency synthesizer is an electrical circuit that uses a single reference frequency in order to generate a range of frequencies. Radio receivers, televisions, radiotelephones, cable television converter boxes, mobile telephones, walkie-talkies, satellite receivers, CB radios, and GPS systems leverage frequency synthesizers. In addition, in order to create its frequencies, a frequency synthesizer can use frequency multiplication, direct digital synthesis, frequency division, frequency mixing, and phase-locked loops. The output of the frequency synthesizer is related to the frequency synthesizer's reference frequency input in terms of stability and precision. As a result, synthesizers rely on reference frequencies that are steady and reliable.
The North America is the fastest growing region in the Global Integrated Microwave Assembly Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $838.9 million by 2028. The Europe market is estimated to witness a CAGR of 6.7% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 7.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Analog Devices, Inc., Teledyne Technologies, Inc., National Instruments Corporation, Qorvo, Inc., MACOM Technology Solutions Holdings, Inc., Cobham Advanced Electronic Solutions, CPI International, Inc., API Technologies, Integrated Microwave Corporation (Knowles Precision Devices) (Knowles Corporation), and Narda-MITEQ (J.F.Lehman & Company).
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