Covina CA, March 03, 2021 (GLOBE NEWSWIRE) — The global waveguide circulators market accounted for US$ 39.8 million in 2020 and is estimated to be US$ 66.4 million by 2030 and is anticipated to register a CAGR of 5.3%.
The report “Global Waveguide Circulators Market, By Type (Below 5 GHz, 5-10 GHz, 10-15 GHz, 15-20 GHz and Above 20 GHz), By Application (Civil, Military, Aerospace and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2030”.
- In April 2019, Skyworks Solutions Inc., a developer of high-performance analog semiconductors unveiled its newest family of mini circulators for 5G infrastructure. Circulators, which play a critical role in protecting RF elements from excessive signal reflection help eliminate performance risks and safeguard vital equipment.
- In March 2020, Mega Industries LLC and Ferrite Microwave Technologies (FMT) declared the closing of a merger of their companies, now operating under a new holding company called Microwave Techniques LLC, which also include Micro Communications (MCI) and FXR Microwave dummy load product lines.
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Rising demand of radar systems
The rising demand of radar system is anticipated to drive the growth of the market during the forecast period. For instance, according to research done by Ploughshares Fund, 13,850 nuclear weapons are possessed by different countries, with the U.S. and Russia accounting for 92% of the total number. This increasing number of nuclear weapons has given rise to high-security concerns. Due to the potential threats, during the Second World War, the United States Navy had developed a tool named RADAR, which is an acronym for Radio Detection and Ranging.
Growth in power industry coupled with increased use of waveguide circulators in various industries
The growth in power industry coupled with increased use of waveguide circulators in various industries is one of the major factors to propel the growth of the market during the forecast period, owing to advantages such as improved accuracy and performance and increasing preference in the industrial sector. Waveguide circulators offer better power efficiency, more reliability, and less expensiveness. For industrial applications, it could prove to be a vital means of receiving efficient and low-cost solutions for equipment safety and data transfer.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “ Global Waveguide Circulators Market”, By Type (Below 5 GHz, 5-10 GHz, 10-15 GHz, 15-20 GHz and Above 20 GHz), By Application (Civil, Military, Aerospace and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029
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Key Market Insights from the report:
The global waveguide circulators market accounted for US$ 39.8 million in 2020 and is estimated to be US$ 66.4 million by 2030 and is anticipated to register a CAGR of 5.3%. The market report has been segmented on the basis of type, application, and region.
- Depending upon type, the waveguide circulators is further divided into below 5 GHz, 5-10 GHz, 10-15 GHz, 15-20 GHz, and Above 20 GHz.
- Depending upon application, the waveguide circulators is further divided into Civil, Military, Aerospace and Others.
- By region, North America dominates the waveguide circulators market. This is attributed to the presence of prominent players in the region. Moreover, increasing demand from healthcare and defence sector is the major factor to fuel the growth of the market in this region.
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The prominent players operating in the global waveguide circulators market include Ducommun Incorporated, Kete Microwave Electronics Co. Ltd., Millitech Inc., ADMOTECH Inc., Corry Micronics Inc., SAGE Millimeter, Inc., Microwave Devices Inc., M2 Global Inc., Pasternack Enterprises Inc., Microot Microwave Co., Ltd. and HengDa Microwave.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
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- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered
- Study Deliverables
- Study Assumptions
- Scope of the Study
- Research Methodology
- Executive Summary
- Opportunity Map Analysis
- Market at Glance
- Market Share (%) and BPS Analysis, by Region
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Investment Analysis
- Competitive Analysis
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