Market Share of Microwave Devices Industry
The microwavedevices market is competitive in nature, owing to the presence of global players. Some of the key vendors areL3 Technologies,Thales Group,Teledyne Technologies, Inc,Cytec Corporation andRichardson Electronics, Ltd.Huge expenditure by the governments on defense , space communication sector is expected to open new opportunities for microwave devices globally which in return will increase the competition among players.Product launches, high expense on research and development, partnerships and acquisitions, etc. are the prime growth strategies adopted by these companies to sustain the intense competition. Some of the recent developments are:
- August 2019 -Communications & Power Industries LLC (CPI) has entered into an agreement to purchase SATCOM Technologies, the antenna systems business of General Dynamics Mission Systems, Inc., a business unit of General Dynamics.This business would complement CPI’s existing portfolio of communications products for government, military, and commercial applications.
- May 2019 -API Technologies Corp has been acquired by an affiliate of AEA Investors LP. This acquisition would enhance the product portfolio and customer base of the AEA investors in terms of high-performanceRF and microwave signal conditioning and electromagnetic spectrum management solutions.
Microwave Devices Market Leaders
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L3 Technologies
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Thales Group
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Cytec Corporation
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Richardson Electronics, Ltd
*Disclaimer: Major Players sorted in no particular order
