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Microwave Devices Market - Expected to Reach $8.2 Billion USD by 2022

(December 07, 2017)

Dublin, Dec. 07, 2017 (GLOBE NEWSWIRE) -- The "Microwave Devices Market by Type (Active Microwave Devices, Passive Microwave Devices), Frequency (L-Band, S-Band, C-Band, X-Band, Ku-Band, Ka-Band), Application (Space & Communication, Defense, Commercial), and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.

The microwave devices market is projected to grow from an estimated USD 6.07 Billion in 2017 to USD 8.22 Billion by 2022, at a CAGR of 6.24% from 2017 to 2022. Microwave devices are used in defense, space & communication, and commercial applications. Increasing defense expenditure and R&D activities for the development of new generation defense products have led to an increase in the demand for microwave devices. These devices include various military radars and secure communication products. The microwave devices market has been segmented based on type, frequency, application, and region.

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