The Worldwide Waveguide Components and Assemblies Industry is Expected to Reach … – Press Release


Dublin, May 20, 2022 (GLOBE NEWSWIRE) — The “Waveguide Components and Assemblies Market by Sector, Spectrum, Component (Adapters, Couplers, Loads and Filters, Isolators and Circulators, Duplexers, Phase Shifters, Power Combiners, Pressure Windows) and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The Waveguide Components and Assemblies Market are projected to grow from USD 1.3 billion in 2022 to USD 1.6 billion by 2027, at a CAGR of 4.8%.

The market exhibits lucrative growth potential during the forecast period primarily due to the advancements in radar technologies, increased demand for microwave devices in electronic warfare systems, and increasing launches of satellites and space exploration missions. Nevertheless, the requirement for new-generation warfare systems and demand for high-rate data transmission, open several growth opportunities for waveguide components and assemblies manufacturers during the forecast period.

The COVID-19 pandemic showed non-uniform effects across the world in terms of absolute infection numbers and their trajectory. Nonetheless, the pandemic is likely to negatively affect conflict dynamics in the short to medium term through its detrimental and asymmetric economic impact on middle and particularly low-income countries. This acts upon partly because of local restrictions, and falling demands for key exports from high-income countries. R&D expenditure declined, and technological advancement was stuttered during the pandemic. Further, the imposition of lockdown in major countries impacted the entire global supply chain resulting in a widespread and acute shortage of microchips and other essential components required for waveguide assemblies. This led to increasing costs and timelines for critical projects.

The isolators and circulators segment is projected to grow at the highest CAGR during the forecast period

Based on components, the waveguide components and assemblies market has been…