Global Waveguide Circulators Market - Trends, Analysis and Forecast till 2030

As per recent market research conducted by Prophecy Market Insights, the global waveguide circulators market accounted for US$ 39.8 million in 2020 and is estimated to be US$ 66.4 million by 2030. It 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”.

Key highlights of this report are as follows:

• 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 includes Micro Communications (MCI) and FXR Microwave dummy load product lines.

Rising demand for radar systems

The rising demand for radar systems 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 the power industry coupled with the increased use of waveguide circulators in various industries

The growth in the power industry coupled with the 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.

Key Market Insights from the report:        

• Depending upon the type, the waveguide circulators are further divided into below 5 GHz, 5-10 GHz, 10-15 GHz, 15-20 GHz, and Above 20 GHz.
• Depending upon the application, the waveguide circulators are further divided into civil, military, and aerospace.
• 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 the healthcare and defense sector is the major factor to fuel the growth of the market in this region.

Competitive Landscape:

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. Besides, 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.