Microwave Tubes Market Analysis | 2022-2027

“The Microwave Tubes Market is estimated to grow from USD 1.2 billion in 2021 and is likely to grow at a CAGR of 6.1% during 2022-2027 to reach USD 1.8 billion by 2027.”

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Market Dynamics

Introduction

Microwave tubes amplify and generate higher frequencies in the microwave range of the frequency system. In a microwave tube when energized, the electrons get emitted from the cathode and remain focused on the control grid. They are high-vacuum tubes designed for operation in the frequency region from approximately 3,000 to 300,000 MHz. They are also known as power grid tubes or electron guns. Electron guns generate linear beam tubes. Emitted electrons are then focused on a low-control grid.

To accelerate the electron beams, an extremely high positive DC voltage is applied to the accelerator and the buncher grid, which then superimposes the AC volt over the DC volt, thereby creating an electrostatic field in between the two buncher grids. The frequency present in the microwave tube cavity governs the direction of the electrostatic field. The acceleration and deceleration in the electronic beam depend on the continuous exchange in the electrostatic field.

Market Drivers

The microwave tubes market is driven by a host of factors, some of which are noted 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.

COVID-19 Impact

Amid the pandemic’s wrath, the microwave tubes market witnessed a colossal decline of >17% in 2020. However, the market gradually recovered by the year 2021 with the ramp-up in tube sales. 

Segment Analysis

Tube Trends

“Traveling wave tube dominates the market during the forecast period.”

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.

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End-Use Industry Trends

“Aerospace & defense dominates the market during the forecast period.”

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.

Regional Analysis

“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.”

It has the presence of many 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.

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.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players provide microwave tubes as well as microwave modules.

The following are the key players in the microwave tubes market (arranged alphabetically).

• CPI International, Inc.
• L3Harris technologies (Stellant Group)
• Richardson Electronics Ltd.
• Teledyne Technologies, Inc.
• Thales Group

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s microwave tubes market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process. This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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