New York, United States , May 23, 2023 (GLOBE NEWSWIRE) -- The Global Waveguide Market size is to Grow from USD 1.38 Billion in 2022 to USD 2.57 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period.
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A waveguide is a device that is used to guide and transmit electromagnetic waves, such as radio waves, microwaves, and light, through a physical channel or cavity. It is commonly used in microwave communication, radar, and optical communication systems. The waveguide is typically made of a conductive material, such as copper or aluminium, and has a specific geometry that enables it to support certain types of electromagnetic waves. The size and shape of the waveguide determine its operating frequency range and transmission characteristics. Waveguides are essential components in many modern communication and sensing technologies.
Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on "Global Waveguide Market Size, Share, and COVID-19 Impact Analysis, By Component (Adapters, Couplers, Loads & Filters, Isolators & Circulators, Phase Shifters, Power Combiners, Pressure Windows, and Others), By Type (Rectangular Waveguide, Circular Waveguide, Single Ridged Waveguide, Double Ridged Waveguide, and Elliptical Waveguide), By End-User (Aerospace & Defense, Medical, Industrial, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032)." Get Detailed Report Description Here:
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The circular waveguide segment is expected to grow at a CAGR of around 6.7% during the forecast period.
Based on type, the global waveguide market is segmented into rectangular waveguide, circular waveguide, single ridged waveguide, double ridged waveguide, and elliptical waveguide. The circular waveguide is expected to grow in the market. This is due to its compatibility with high-frequency applications and its ability to provide better performance in circularly polarized signals. The circular waveguide is suitable for many applications, including communication, radar, and sensing systems. Moreover, the circular waveguide has better power handling capabilities compared to the rectangular waveguide, making it an ideal choice for high-power applications. Additionally, the growing demand for wireless communication systems and the development of advanced technologies, such as 5G and IoT, are expected to further drive the growth of the circular waveguide market.
The aerospace and defense segment are anticipated to grow at a CAGR of 6.5% during the forecast period.
Based on end-user, the global waveguide market is segmented into aerospace & defense, medical, industrial, and others. The aerospace and defense segment is expected to grow in the waveguide market during the forecast period. This is due to the increasing demand for waveguide components in the defense and aerospace industries for communication, radar, and sensing systems. The development of advanced technologies, such as satellite communication, unmanned aerial vehicles, and space exploration, is driving the demand for high-performance waveguide components with higher frequency and power handling capabilities. Additionally, the increasing investments in the defense sector by various countries across the world and the growing demand for efficient communication systems in the aerospace industry are expected to further fuel the growth of the aerospace and defense segment in the waveguide market.
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Europe is predicted to grow at a higher CAGR of around 7.1% over the projected period.
The European region is expected to experience the fastest growth in the data center market throughout the projected period. This growth can be attributed to the continuous investment by various global corporations in expanding their data center networks across countries such as Germany, Russia, Spain, and the United Kingdom, which is expected to expand the industry landscape in Europe. In addition, the region has experienced significant growth in the construction of commercial and residential buildings, coupled with a favorable policy framework for digitalizing these structures.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Some of the major players in the global waveguide market include API Technologies Corp., AVX Corporation, Comtech Telecommunications Corp., Diamond Antenna and Microwave Corporation, Ducommun Incorporated, Flann Microwave Ltd., L3Harris Technologies, Inc., Maury Microwave Corporation, Microtech, Inc., Qorvo, Inc., SAGE Millimeter, Inc., TE Connectivity Ltd., Transco Industries Inc., WRD Industries, and Waveguide Corporation.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global waveguide market based on the below-mentioned segments:
Global Waveguide Market, By Component
- Adapters
- Couplers
- Loads & Filters
- Isolators & Circulators
- Phase Shifters
- Power Combiners
- Pressure Windows
- Others
Global Waveguide Market, By Type
- Rectangular Waveguide
- Circular Waveguide
- Single Ridged Waveguide
- Double Ridged Waveguide
- Elliptical Waveguide
Global Waveguide Market, By End-User
- Aerospace & Defense
- Medical
- Industrial
- Others
Waveguide Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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