The Integrated Microwave Assembly Market is expected to rise significantly. According to forecasts, the market will rise at a compound annual growth rate (CAGR) of 6.8% from USD 1.5 billion in 2022 to USD 2.0 billion in 2027.

Technological developments, the growing need for microwave components across a range of industries, including avionics, communication, and military & defence, as well as the integration of microwave assemblies in a variety of applications, all have an impact on this growth trajectory. Notwithstanding the obstacles presented by the COVID-19 pandemic, the market is expected to see consistent growth, propelled by continuous innovation and changing industrial demands.

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Transceivers to witness the highest CAGR during the forecast period.

The market for transceivers is expected to increase significantly, driven mainly by rising demand for its high integration density and low power consumption attributes. Due to their ability to transmit data at fast speeds, transceivers are necessary parts of contemporary communication systems. Because of their capabilities to manage high-capacity bandwidth and enable data centre network speeds of up to 400 Gbps and more, they are essential components in the quickly changing telecommunications industry. Furthermore, the existence of major industry players like Intel and Cisco, whose creative solutions and technological developments propel market expansion in the region, benefits the North American market.

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Ku-Band to have the largest market size during the forecast period.

Derived from the German word "Kurz," which means short, the Ku-band is in the mid-frequency spectrum and spans a frequency range of 12 GHz to 18 GHz. Ku-band is widely used in satellite communication applications, especially for direct transmission; it is used in television broadcasting, space research, maritime operations, and industrial control systems, among other industries. Its adaptability stems from its capacity to provide tunable uplink and downlink arrangements, as well as from comparatively less expensive deployment as compared to other frequency bands. This market is expected to increase significantly over the course of the forecast period due to the surge in demand for integrated microwave assembly devices operating in the Ku-band frequency, which is being driven by the expanding Internet of Things (IoT) ecosystem. Prominent characteristics including increased bandwidth capacities, quicker connection speeds, and better audiovisual clarity establish the Ku-band as the best option for satellite communication needs in a variety of industries.

Military & Defense is expected to have largest market size during the forecast period

With the greatest market share, the military & defence vertical is expected to continue dominating the integrated microwave assembly market for the duration of the forecast. Key vertical markets like radar, military communication, and electronic warfare are propelling the integrated microwave assembly market's notable expansion. Specifically, one of the main factors driving market expansion in the military & defence industry is the need for RF jammers, which are necessary for blocking and neutralising hostile electronic signals. These integrated microwave assemblies are essential for improving military capabilities, maintaining secure communication, and supporting radar system performance—all of which help to meet the changing defence requirements of governments across the globe.

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APAC to grow with highest CAGR during the forecast period

The Asia-Pacific (APAC) integrated microwave assembly market is anticipated to develop significantly due to the rising demand for microwave goods across a range of manufacturing industries. As a major centre for manufacturing, APAC has seen a sharp increase in the use of integrated microwave assembly devices across several manufacturing phases. Moreover, the APAC military and defence sector is experiencing notable progress, which is prompting a rise in investments in integrated microwave assembly solutions, namely for electronic warfare and radar systems. APAC is positioned as a significant growing market in the global integrated microwave assembly landscape due to the region's changing defence landscape and efforts to improve military capabilities. These factors are also driving up demand for integrated microwave assembly products.

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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