Microwave Devices Market anticipated to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030
Microwave Devices Industry Overview The global microwave devices market size was valued at USD 7.49 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The growing usage of SiC and GaN devices in the upcoming amplifier technology is expected to drive industry growth. Microwave devices offer high efficiency and heat tolerance. They are also able to perform well in harsh environments. Technologically advanced microwave devices with enhanced accuracy are being implemented in telecommunication applications. They are used extensively due to their high bandwidth that facilitates high rates of data transmission. They are also capable of generating, amplifying, detecting, and even measuring microwaves. Gather more insights about the market drivers, restrains and growth of the Microwave Devices Market Asia Pacific is one of the significant contributors to the communication sector. The introduction of telecom network bands, su...