The Integrated Microwave Assembly Market is expected to develop significantly over the next several years, with a compound annual growth rate (CAGR) of 6.8%. The market is expected to rise from USD 1.5 billion in 2022 to USD 2.0 billion by 2027.

The growing need for integrated microwave assemblies across a variety of verticals, such as avionics, communication, and military & defence, is responsible for the market's rise. This expansion is being driven by key product segments like oscillators, frequency synthesisers, and amplifiers, with a major contribution from the ongoing COVID-19 issue. Due to the wide range of applications and changing demands of industries in the global market, the market for microwave assemblies is expected to grow significantly as technological developments continue to alter the industry.

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Following the COVID-19 pandemic, the global Integrated Microwave Assembly (IMA) market saw numerous difficulties, including interruptions to supply chains and manufacturing processes. In late 2020, manufacturing unit closures and logistical slowdowns caused shortages in the semiconductor industry, a vital component of IMAs. Nonetheless, the market expects a recovery as the globe progressively gets over the pandemic. In the post-pandemic age, factors including increased defence spending, government-led space programme ambitions, and 5G infrastructure developments are expected to propel a rapid recovery. The Integrated Microwave Assembly Market is predicted to increase as the sector regains impetus and supply chains normalise.

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Transceivers to witness the highest CAGR during the forecast period.

Because of its high integrated density features and low power consumption, which enable high-speed data transmission, the transceivers industry is expected to increase significantly. Upgrading these transceivers to support high-capacity bandwidth will enable them to support data centre network rates of up to 100 Gbps, 400 Gbps, and higher. Interestingly, this industry is expanding rapidly in North America thanks to the significant influence of major manufacturers like Cisco and Intel. Their efforts have a significant impact on the development of technology and the expansion of transceivers on the market.

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

The Ku-band—abbreviated "Ku" for Kurz under—consists of the mid-band between 12 and 18 GHz. The Ku-band is a widely used satellite communication technology that offers flexibility in adjusting both uplink and downlink frequencies, along with relatively lower deployment costs. It is especially useful for direct transmission in applications like television, space shuttles, maritime, and industrial control systems. It is expected that the rising usage of integrated microwave assembly devices operating in the Ku-band frequency will be fueled by this versatility. Moreover, the increasing ubiquity of IoT devices is anticipated to make a substantial contribution to the elevated demand for the Ku-band spectrum. Its unique benefits—such as more bandwidth, quicker connection speeds, and better audio-visual quality—place it as the best option for satellite communication requirements.

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 hold the greatest market share. This industry includes a number of important sub-sectors, such as radar applications, military communication, and electronic warfare. This vertical has a particularly strong demand for radio frequency jammers (RF jammers), which are an essential tool for blocking and countering radio frequency signals. The military and defence sector's requirement for sophisticated radar technologies, effective military communication systems, and improved electronic warfare capabilities is driving the growth of the integrated microwave assembly market.

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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, mainly because to the rising demand for microwave products in the region's numerous manufacturing hubs. Because of the increased activity in the manufacturing sector in APAC, there is a growing demand for advanced microwave technologies throughout several production stages. Further augmenting its capabilities is the military and defence vertical in Asia-Pacific, which also plays a major role in the growing demand for integrated microwave assembly goods. Radar and electronic warfare applications are anticipated to be key drivers of the integrated microwave assembly market's overall expansion in the Asia-Pacific area.

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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