Integrated Microwave Assembly Market Forecasts to 2028 - Global Analysis By Frequency (C-Band, Ka-Band, Ku-Band, L-Band), Product (Amplifiers, Attenuators, Couplers), End User (Military & Defense, Communication, Avionics), and By Geography
発行: Stratistics Market Research Consulting
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According to Stratistics MRC, the Global Integrated Microwave Assembly Market is accounted for $1.40 billion in 2021 and is expected to reach $2.25 billion by 2028 growing at a CAGR of 7.0% during the forecast period. Integrated Microwave Assemblies (IMAs) are designed to provide high performance components or subsystems in small lightweight packages. The Integrated Microwave Assemblies are used in a wide variety of applications and are installed on various platforms, including fighter aircraft and ships.
Rising adoption of gallium nitride (GaN) in microwave module
Gallium nitride is a hard and mechanically stable semiconductor material with a wide bandgap and high heat capacity and thermal conductivity. GaN provides high efficiency in long-range communication and is power efficient. Gallium Nitride (GaN) is an emerging alternative for pure silicon in the field of semiconductors and electronics due to its high brightness emission and intensity in opto-semiconductors, high-power efficiency, high-frequency handling capacity, and flexibility to be used alongside various substrates such as silicon, sapphire, and silicon carbide (SiC). With the constant developments in 5G, the adoption of GaN over silicon-based RF devices is anticipated to increase in different verticals, including communications, military & defense, and radar.
Complexities with the device
The design complexity makes it difficult to understand the working of the microwave products, leading to inefficient end results. The integrated microwave assembly is a combination of active components, including transistors and tubes, and passive components, such as isolators, resistors, and filters, in electronic circuitry. With the rapid developments in smartphone designs, increasing cellular network requirements, and rising deployment of modern warfare infrastructure, device complexity is expected to be a major barrier in the adoption of integrated microwave assembly. In addition, bulky electronic circuits require high energy for efficient working and exhibit slow operations.
Rising spending in the defense zone
Although the defense budgets across the globe declined during the COVID-19 pandemic period as the governments highly focused on curbing the spread of the virus and providing emergency relief, they may foresee a substantial rise in the post-pandemic period. The global political situation is likely to remain uncertain for a long period owing to the increasing disagreements between two or more nations, for instance, the oil price war between Saudi Arabia and Russia and the drawdown of the US military forces in Afghanistan, among others. To tackle this situation, the regulatory bodies of various countries are seeking higher budgets from respective governments. As the global military & defense sector is focusing on developing state-of-the-art warfare infrastructure for defense purposes in the current uncertain geopolitical conditions, the demand for integrated microwave assembly devices is growing.
Huge deployment costs
The deployment costs of integrated microwave assemblies are high. The production volume of integrated microwave assembly is also substantially low, leading to high manufacturing costs. Materials used in integrated microwave assembly, including GaN, GaAs, and indium phosphate, are scarce. Besides, the limited availability of materials used in the development of integrated microwave assemblies, the use of integrated microwave assemblies in most commercial and defense applications is expensive, increasing the cost of the complete supply chain. Therefore, the huge costs of deployment act as a major restraint for market.
The communication segment is expected to be the largest during the forecast period
The communication segment is estimated to have a lucrative growth. The advancements in portable electronic technology have increased data consumption in the form of voice and data streaming, uploading, and downloading of videos. As a result, there is a rise in the demand for carrier frequencies to provide high-quality communication. The deployment and adoption of 5G infrastructure in the future are expected to lead carrier frequency operators to resort to microwave backhauls. Power amplifiers are used to cater to the requirements of microwave backhauls. Hence, the demand for integrated microwave assembly products in the communications vertical is anticipated to increase soon with the expansion of communication infrastructure.
The amplifiers segment is expected to have the highest CAGR during the forecast period
The amplifiers segment is anticipated to witness the fastest CAGR growth during the forecast period as it is owing to the radical developments in telecom infrastructure as the industry is shifting towards 5G technology along with the increasing penetration of 4G/LTE technology. More cell sites are required for the penetration of advanced technologies such as 5G and LTE, which leads to increased demand for base stations and backhaul equipment to service these sites. This is expected to propel the demand for amplifiers during the forecast period.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to the region's rising emphasis on developing the space and defense industries. The U.S. invests a lot of money in space research and development. Furthermore, prominent firms in the U.S., such as Teledyne Technologies Incorporated, Qorvo Inc., and Analog Devices Inc., are projected to fuel market expansion.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the demand for microwave products from several manufacturing hubs in their manufacturing stages. In addition, the military & defense vertical is improving its capabilities, fueling the demand for integrated microwave assembly products such as electronic warfare and radars. Furthermore, the factors that acts as the demand for the growth of the market are high investments by the government in the deployment and development of military & defense equipment and communication equipment for SATCOM applications.
Key players in the market
Some of the key players profiled in the Integrated Microwave Assembly Market include Akon, Analog Devices, Apitech, Arralis, Cobham Advanced Electronic Solutions (Caes), Integrated Microwave Corporation, Kratos Defense and Security Solution, Linwave Technology, Macom, Qorvo, Rapidtek, Sylatech, Teledyne Technologies, and Triton Services.
In July 2021, Teledyne Technologies acquired FLIR Systems Inc. for a deal of USD 8 billion. This acquisition has helped Teledyne Technologies to expand its imaging sensors portfolio that is based on different semiconductor technologies for various wavelengths.
In June 2021, CAES launched a new millimeter wave (mmW) Active Electronically Scanned Array AESA for providing early missile attack warning information in aircraft, radars, and surveillance applications.
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