The Microwave tubes market is likely to rise at a CAGR of 6.1% during 2022-2027, to reach US$ 1.8 billion in 2027, states Stratview Research.
DETROIT, Dec. 22, 2023 /PRNewswire/ — Stratview Research, a global market research firm has launched a report on the global Microwave Tubes Market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.
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Market Size in 2027
USD 1.8 billion
6.1% during 2022-2027
Number of Segments Covered
Number of Tables & Graphs
Country-Level Market Assessment
Segment Insights on Microwave Tubes Market
The global Microwave Tubes Market is segmented based on tube type, end-use industry type, and region.
Based on tube type – The market is segmented as traveling wave tube, klystron, gyrotron, magnetron, and others. Traveling wave tubes accounted for a market share of more than 30% in 2021 & are expected to remain the dominant as well as the fastest-growing segment of the market during the forecast period. A traveling wave tube is a specialized vacuum tube used in electronics to amplify radio frequency signals in the microwave range. One of the major advantages of a traveling wave tube over other microwave tubes is its ability to amplify a wide range of frequencies i.e. a large bandwidth. Traveling wave tubes are preferred in aerospace & defense and communication applications.
Based on end-user type – The market is segmented as aerospace & defense, industrial, communication/space, medical, and others. Aerospace & defense holds a reasonable share of more than 30% in 2021 & is expected to remain the dominant segment of the market during the forecast period. In the aerospace & defense industry, microwave tubes, such as traveling wave tubes, are majorly used for radars, missiles, and electronic countermeasures.
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Which Region Offers the Best Opportunity and Growth?
The report suggests that North America occupied a market share of more than 40% in 2021 & is expected to remain the largest market for microwave tubes during the forecast period. This growth is majorly attributed to the following –
• It has a presence of a large number of major OEMs, making the region the leading demand generator.
• Further, significant investment in R&D and new technology developments are likely to consolidate North America’s position in the global market.
Likewise, Europe and Asia-Pacific are also expected to present sizeable opportunities during the forecast period. Asia-Pacific is likely to grow at an impressive rate in the coming years, driven by China, India, and Japan.
Microwave Tubes Market Drivers
Some of the key drivers listed in the report are given below.
- Huge Fleet Size of Military Aircraft
- Rising Global Military Expenditure
- A Significant Increase in the Number of Annual Satellite Launches
- Growing Medical Device Market
- Expected Rebound in Aircraft Deliveries
- Rising Aircraft Fleet Size
- Upcoming Aircraft Programs
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Top 5 Companies in the Microwave Tubes Market?
The market is fairly consolidated with the presence of some global and regional players. Stratview Research has identified the following companies as the top market players.
- Thales Group
- CPI International, Inc.
- L3Harris technologies (Stellant Group)
- Teledyne Technologies, Inc.
- Richardson Electronics Ltd.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Microwave Tubes Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Competitive landscape analysis, Market share analysis
How complex is the business environment?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
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SOURCE Stratview Research