Beyond 5G: Integrated Microwave Assembly Market and the Future of Communication
With a strong cumulative annual growth rate (CAGR) of 6.8%, the Integrated Microwave Assembly Market is expected to rise from USD 1.5 billion in 2022 to USD 2.0 billion by 2027. A recent research report that highlights important product categories like oscillators, frequency synthesisers, and amplifiers provides an outline of this projection. The market's expansion is ascribed to the rising demand in a variety of verticals, such as the military and defence, avionics, and communication industries. The report highlights how important IMAs are to the advancement of microwave technologies, propelling their uptake and market rise during the projected timeframe.
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The COVID-19 epidemic caused significant disruptions and obstacles to the global market for Integrated Microwave Assemblies, which in turn affected growth trends. Widespread supply chain disruptions were caused by the outbreak, especially in the semiconductor industry, where production facility closures and delays in logistics were seen. Towards the end of 2020, this led to a lack of supply. Nonetheless, a post-pandemic recovery is expected, propelled by elements like increased defence spending, government programmes assisting with space exploration, and continuous advancements in 5G infrastructure for improved communication. It is anticipated that the IMA market's adaptability and resilience will promote growth and recovery in the upcoming years.
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Transceivers to witness the highest CAGR during the forecast period.
Because of its high integration density and low power consumption, the transceivers section of the Integrated Microwave Assembly (IMA) market is expected to rise at a substantial rate. With the ability to manage bandwidths of up to 100 Gbps, 400 Gbps, and more, these features allow for effective high-speed data transmission and make them flexible enough to accommodate changing data centre network speeds. The transceivers segment within the IMA market is expanding and advancing, and the North American market is growing significantly because to the presence of major industry players like Intel and Cisco.
Ku-Band to have the largest market size during the forecast period.
The Ku-band, which is between 12 and 18 GHz in frequency, is important for satellite communication applications. It is used for direct television transmission, space shuttles, maritime applications, and industrial control systems. It is expected that Ku-band IMA (Integrated Microwave Assembly) devices will be deployed more frequently because of their flexible uplink and downlink capabilities and affordable price. Ku-band technology usage is expected to increase because to the increasing ubiquity of IoT devices, which will capitalise on its main benefits—faster connection rates, more bandwidth, and better audiovisual clarity. The Ku-band is positioned as the best option for satellite communication needs due to these features.
Military & Defense is expected to have largest market size during the forecast period
Throughout the projected period, the integrated microwave assembly market is expected to be dominated by the military and defence vertical, which will also hold the highest market size. The integrated microwave assembly market is a subsegment of the military and defence industry that includes electronic warfare, military communication, and radar applications. The strong need for radio frequency jammers, which are crucial parts that block and counteract radio frequency transmissions, is one of the main factors driving growth in this sector. The market for integrated microwave assemblies in the military and defence sector is growing at a healthy rate, and this increase in demand for RF jammers is one factor driving this growth.
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APAC to grow with highest CAGR during the forecast period
The Asia-Pacific (APAC) integrated microwave assembly market is expected to increase significantly because of the growing demand for microwave products across a range of industrial hubs at different stages of production. Demand for integrated microwave assembly goods is rising in the Asia-Pacific area, especially in the defence and military sectors. The increasing focus on augmenting military capabilities within the area is propelling the uptake of integrated microwave assembly goods, encompassing those employed in radar and electronic warfare. This pattern is supporting the APAC integrated microwave assembly market's strong expansion.
The report profiles key players in the integrated microwave assembly market and analyzes their market shares. Players profiled in this report are Analog Devices (US), Teledyne Technologies (US), Qorvo (US), MACOM (US), CAES (US), CPI International (US), APITech (US), National Instruments (US), Narda-MITEQ (US), and Integrated Microwave Corporation (US), Kratos Defense & Security Solutions(US),Mercury Systems(US),Wenzel Associates(US), TTM Technologies(US), AKON(US), Microwave Dynamics(US), RAPIDTEK(TAIWAN), Linwave Technology(UK), EM Research(US), Sylatech(UK), Erzia Technologies(Spain), Triton Services(US), Wolfspeed(US), Arralis(Ireland) and VectraWave(France).
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