The estimated value of the worldwide integrated microwave assembly market is USD 1,581.7 million in 2023. Projections indicate a Compound Annual Growth Rate (CAGR) of 7.0% from 2024 to 2030, with the market expected to reach USD 2,514.1 million by the end of the forecast period in 2030.

This development of the industry can be credited to the fast deployment of the 5G tech, improvement of the present radar systems and radio communications, which are extensively utilized in the army; novelties in the technologies important to the aviation sector, and growing funding and capital expenditure in the electronics industry by the governments of developing economies.

In 2023, the Ku-band category held the largest revenue share, of 25%, and the category is also estimated to endure its dominating position throughout the projection period. Ku-bands are mainly utilized for particularly downlink, satellite communications, and used in direct-transmission satellites for satellite TV, data communication facilities, to allow broadband internet access through satellite; and VSAT systems, which are utilized for telecommunication services, enterprise networks, maritime communications, and remote monitoring.

The key factor for the massive spending in the defense industry is the rising incidence of conflicts and political unrest among and within numerous nations. Moreover, the increase in terrorist activities, the presence of many border security problems, and numerous technical improvements in the field of defense drive the industry in this category. This is mainly because to manage these situations, security establishments are looking for advanced financial expenditure from their respective governments.

In 2023, the North American market for integrated microwave assemblies holds the majority of revenue share, approximately 45%, and is anticipated to continue its dominant position in the forecast period.