The North America Waveguide Components and Assemblies Market would witness market growth of 4.3% CAGR during the forecast period (2022-2028).
Waveguides are useful in a wide range of applications. In a microwave oven, waveguides are employed to effectively transport electricity from the magnetron and route it to the cooking chamber. They are also utilized in radars to transmit and receive radio frequencies. Waveguides of various shapes and sizes, like circular and rectangular waveguides, are used to interconnect parabolic dishes to various electronics, including transmitters, amplifiers, and low-noise receivers. Waveguides can be employed in scientific equipment to measure numerous features of different things, like optical, elastic, and acoustic properties.
Rectangular waveguides with milled edges are simple and inexpensive to make using traditional production methods. The loss of an elliptical waveguide is lower than those of a corresponding rectangular waveguide. High prices are a result of the difficulties in milling or sparks eroding elliptical waveguides. As a result, elliptical waveguides are rarely employed in space. Furthermore, circular and elliptical geometries can be used to avoid rectangular waveguides having a downward-facing portion.
The aerospace sector of the region is robust owing to the rising adoption of the latest technologies. Aerospace has been a key focus of economic development in Mexico, both as an industrial sector and in relation to private, commercial, and defense aviation expansion. All of these factors incorporate to make aerospace a critical component of priority sector strategy and promising industry for Mexico. Mexico's aerospace sector is relatively new, yet it has profound origins. For example, one company in Baja California has been in operation for more than 60 years, while aerospace is one of its main business divisions. The aerospace sector in Mexico is a great example of job creation, international investment, and expansion.
According to the International Trade Administration, the aerospace industry experienced an average annual export growth of 14% from 2004 to 2019, created over 63,000 jobs, and accounted for approximately USD 6 billion in accumulated direct foreign investment.
The US market dominated the North America Waveguide Components and Assemblies Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $467.2 million by 2028. The Canada market is experiencing a CAGR of 6.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 5.8% during (2022 - 2028).
Based on Spectrum, the market is segmented into X-ray, Microwave, Radio, EO/IR, Ultraviolet, and Gamma ray. Based on Sector, the market is segmented into Aviation & Defense and Space. Based on Component, the market is segmented into Loads & Filters, Adapters, Couplers, Isolators & Circulators, Duplexers, Phase Shifters, Power Combiners, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Waveguide Components and Assemblies Market is Estimated to reach $1.7 Billion by 2028, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Northrop Grumman Corporation, Teledyne Technologies, Inc., Cobham Advanced Electronic Solutions, Eravant, Inc., SAS Industries, Inc., Quantic Electronics, Millimeter Wave Products, Inc., ETL Systems, M2 Global Technology, Ltd., and Ducommun Incorporated.
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