Microwave Devices Market Share, Trends, Industry Growth and Forecast 2022-2027

According to the latest report by IMARC Group, “Microwave Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global microwave devices market reached a value of US$ 5.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.0 Billion by 2027, exhibiting a CAGR of 5.97% during 2022-2027.

Microwave devices help detect, generate, amplify, modify, or measure voltages with microwave frequencies. They aid in minimizing the power consumption and providing high-speed wireless connection to transfer secured audio, video, and data information. Consequently, they find multiple applications in satellite communication, electronic warfare, radio navigation systems, radar, and medical systems.

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Market Trends

Microwave devices help transfer maximum information with high security to end-users. This, in confluence with the growing use of microwave links by the military, national security organizations, and space research companies to transfer secured communications, represents one of the key factors driving the market. Furthermore, high thermal tolerance, efficiency, and sustainability offered by microwave devices in critical environmental conditions are contributing to the market growth. Furthermore, the widespread adoption of microwave technology in medical imaging for cancer detection, along with increasing investments in research and development (R&D) activities to develop novel devices, is anticipated to accelerate the market growth.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Analog Devices Inc.
  • CPI International Inc.
  • Kratos Defense & Security Solutions Inc.
  • L3Harris Technologies Inc.
  • Littelfuse Inc
  • MACOM Technology Solutions
  • Microchip Technology Inc.
  • Qorvo Inc
  • Teledyne Technologies Incorporated
  • Thales Group
  • Toshiba Corporation.

The report has segmented the market on the basis of Offering, Product, Application, End-Use, and Region.

Breakup by Product Type:

  • Passive Microwave Devices
  • Active Microwave Devices

Breakup by Frequency:

  • L Band
  • X Band
  • S Band
  • C Band
  • Ku Band
  • Ka Band
  • Others

Breakup by Application:

  • Defense
  • Commercial
  • Space and Communication
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

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Absorption Costing MCQs with Answers Explanation Engineering ECE

What Is Absorption Costing?

Absorption costing, also known as the all-encompassing, all-inclusive, or comprehensive costing method, is a sophisticated and perplexing managerial accounting framework that attempts to incorporate all expenses that are linked to the production of a particular product. This method is highly intricate and involves a copious amount of calculations and analyses to arrive at the total cost of production.

Every minuscule expense, whether direct or indirect, such as raw materials, labor, rent, utilities, depreciation, maintenance, insurance, and every other associated cost, is taken into account to determine the total cost of the product. The complexity of this method is staggering, and it requires extensive knowledge of accounting principles, an understanding of manufacturing processes, and advanced analytical skills to execute.

However, despite its complexity, absorption costing is still widely used in the industry due to its comprehensive approach to providing an accurate picture of the cost of production. Moreover, under the generally accepted accounting principles (GAAP) in the United States, absorption costing is an approved method for external reporting. In contrast, variable costing is prohibited, adding to the confusion and perplexity surrounding this topic.

Which of the following costs would NOT be included in the cost of goods sold calculation under absorption costing?

a) Direct materials
b) Direct labor
c) Variable manufacturing overhead
d) Fixed manufacturing overhead
Answer: c) Variable manufacturing overhead

Explanation: Under absorption costing, both fixed and variable manufacturing overhead costs are included in the cost of goods sold calculation. Direct materials and direct labor costs are also included.

When production exceeds sales, absorption costing will result in:

a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: a) Higher net income than variable costing

Explanation: When production exceeds sales, there will be more fixed manufacturing overhead costs that are absorbed into the cost of goods sold calculation under absorption costing. This results in a higher net income compared to variable costing, which only includes variable manufacturing costs in the cost of goods sold calculation.

Which of the following statements is true about absorption costing?

a) It is used for external reporting purposes
b) It is used for internal decision-making purposes
c) It is the same as variable costing
d) None of the above
Answer: a) It is used for external reporting purposes

Explanation: Absorption costing is required for external financial reporting purposes, such as on the income statement and in financial statements. Variable costing, on the other hand, is often used for internal decision-making purposes.

In a period of increasing production and sales, absorption costing will result in:

a) Higher net income than variable costing
b) Lower net income than variable costing
c) The same net income as variable costing
d) None of the above
Answer: c) The same net income as variable costing

Explanation: When production and sales increase, absorption costing and variable costing will result in the same net income. This is because there will be fewer fixed manufacturing overhead costs per unit under absorption costing, but there will also be more units sold.