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2023 Waveguide Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include Penn Engineering Components Inc, Jupiter Microwave Components Inc, Quantic Electronics, Cobham Advanced Electronic Solutions, Ducommun Incorporated
Waveguide Global Market
Waveguide Market Size, Growth Rate, And Forecast
The global waveguide market size is expected to grow from $1.28 billion in 2022 to $1.37 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global waveguide market size is expected to reach $1.77 billion in 2027 at a CAGR of 6.5%.
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Waveguide Market Drivers
The increasing number of satellite launches is expected to propel the growth of the waveguide market going forward. A satellite is a self-contained communications equipment that can receive signals from the earth and retransmit them. Waveguides are the ideal medium for high frequency and high power signal transmission in radar and aerospace defense applications during a satellite launch. From antenna feeds to testing facilities, waveguide routing includes a trade-off between perfect flange alignment and space constraints, with rigid waveguides being more space-efficient than alternative routing methods. Thus, these functionalities increase the demand for waveguides.
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Waveguide Market Segments
• By Type: Rectangular Waveguide, Circular Waveguide, Single Ridged Waveguide, Double Ridged Waveguide, Elliptical Waveguide
• By Component: Adapters, Couplers, Loads And Filters, Isolators And Circulators, Phase Shifters, Power Combiners, Pressure Windows, Other Components
• By End User: Aerospace And Defense, Medical, Industrial, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Waveguide market.
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Waveguide Market Key Players
Major competitors in the Waveguide market include Penn Engineering Components Inc, Jupiter Microwave Components Inc, Quantic Electronics, Cobham Advanced Electronic Solutions, Ducommun Incorporated, Smith's Interconnect, DigiLens Inc, Global Invacom, Flann Microwave Ltd
The Business Research Company's "Global Waveguide Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Waveguide Market Include:
1. Executive Summary
2. Waveguide Market Characteristics
3. Waveguide Market Trends And Strategies
4. Waveguide Market - Macro Economic Scenario
5. Waveguide Market Size And Growth
……….
27. Waveguide Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Waveguide Market
29. Waveguide Market Future Outlook and Potential Analysis
30. Appendix
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