Harshal Jaiswal

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The global microwave devices market size is expected to showcase considerable growth by reaching USD 9.00 billion by 2027 while exhibiting a CAGR of 5.45% between 2020 and 2027. Fortune Business Insights published this information in its latest report, titled, “Microwave Devices Market, 2020-2027”. The report further mentions that the market stood at USD 6.12 billion in 2019 and is projected to experience exponential growth during the forecast period. This is attributable to the increasing demand for advanced communication services and the increasing focus on launching advanced communication satellites that will favor the adoption of microwave devices globally. For instance, on 26th March 2020, the U.S. Space Force announced the launch of Alliance Atlas 5 rocket carrying worth USD 1.20 billion military communication satellites. COVID-19 Impact: Market to Exhibit Sluggish Growth with 1.4% CAGR in 2020 Major disruption in supply chain owing to reduced workforce and limited availability of raw materials is expected to affect the market growth amid COVID-19. Several companies have either postponed or cancelled space launches that are further affecting the market growth. Taking this into consideration, the market will exhibit slow growth of around 1.4% CAGR in 2020. MARKET SEGMENTATION: We have divided the market based on type, frequency, end-user, and region. Based on type, the market is segmented into active and passive. On the basis of frequency, the market is segregated into Ku-Band, Ka-Band, S-Band, C-Band, X-Band, L-Band, and others. Moreover, based on end-user, the market is categorized into telecommunication, space, defense, industrial, healthcare, and others. Based on end-user, the telecommunications segment is expected to showcase considerable growth backed by the growing demand for advanced communications satellites that will bode well for the adoption of microwave devices to offer point-to-point communication enhancing data security and reliability. Lastly, based on region, the market is bifurcated into North America, Europe, Asia-Pacific, and Rest of the World. What does the Report Include? The market report provides in-depth analysis on key aspects such as optimization of manufacturing processes and R&D capabilities. Additionally, the report provides details about the market trends and highlights key industry developments, regional analysis, and key company profiles using several research methodologies. Moreover, it enlists the factors that will contribute to the growth of the market between 2020 and 2027. DRIVING FACTORS Increasing Demand for Advanced Communication Systems to Propel Market Growth In March 2020, the U.S. Space Force announced the launch of the AEHF -6 (USA-298) satellite to provide secured and advanced military services. The increasing need to provide advanced communication devices to ensure quick and secure delivery of information is expected to propel the demand for advanced microwave devices worldwide. In addition to this, the growing R&D activities in medical imaging technology to provide accurate and quick detection of chronic diseases such as cancer, malignant tumor tissue, and others is expected to boost the global microwave devices market growth in the forthcoming years. REGIONAL INSIGHTS North America – The region stood at USD 2.48 billion in 2019 and is expected to hold the largest global microwave devices market share in terms of revenue in the forthcoming years. This is attributable to the presence of established players such as Qorvo Inc., L3Harris Technologies, Inc., and Teledyne Technologies Incorporated in the region. Europe – The region is expected to hold the second position in the market during the forecast period. This is ascribable to factors such as increasing focus on developing the healthcare industry in countries such as Germany, Sweden, and the U.K that is likely to boost the adoption of advanced microwave devices in the region between 2020 and 2027. COMPETITIVE LANDSCAPE Key Players Focus on Joint Ventures to Amplify Their Market Positions The global market for microwave devices is fragmented by the presence of key players that are striving to maintain their presence by focusing on joint ventures to develop advanced data transmission systems to cater to the growing demand from several industrial applications. Other key players are adopting strategies such as collaboration, partnership and facility expansion that will bode well for the growth of the market in the forthcoming years. Industry Development: June 2020 –Richardson Electronics, Ltd. signed a new distribution agreement with Guangdong DaPu Telecom Technology Co., LTD. As per the agreement, the companies will develop high-quality products across various applications such as RF and microwave communications, industrial, radar, wired and wireless transmission, and test equipment. List of the Companies Profiled in the Global Market: Analog Devices Inc. (The U.S.) Communications & Power Industries LLC (CPI) (The U.S.) General Dynamics Corporation (The U.S.) Kratos Defense & Security Solutions, Inc. (The U.S.) L3Harris Technologies, Inc. (The U.S.) MACOM Technology Solutions Inc. (The U.S.) Microsemi Corporation (The U.S) Microwave Technology, Inc. (The U.K.) Qorvo Inc. (The U.S.) Richardson Electronics, Ltd. (The U.S.) Teledyne Technologies Incorporated (The U.S.) Thales Group (France) TMD Technologies Ltd (The U.K.) Toshiba Corporation (Japan) Information Source:- https://www.fortunebusinessinsights.com/microwave-devices-market-103542


The global waterproofing membrane market size is projected to grow from USD 28.05 billion in 2021 to USD 42.85 billion in 2028. The rising need to save energy through the construction of green roofs and buildings is set to propel the demand for these membranes, especially to prevent stormwater runoff and filter out contaminant air particles. As per a published report by Fortune Business Insights™, titled, “Waterproofing Membrane Market, 2021-2028,” the market stood at USD 27.17 billion in 2020. It is set to exhibit a CAGR of 6.2% during the forecast period in 2021-2028. Tremco Roofing and Building Maintenance Unveils POWERply Endure MB Membranes In February 2019, Tremco Roofing and Building Maintenance, a provider of comprehensive roofing materials based in the U.S., launched POWERply Endure MB Membranes to expand its range of modified bitumen (M.B.) roofing solutions. They are equipped with time-tested roofing technology for keeping buildings dry even during harsh environmental conditions. These waterproofing membrane can be installed in a wide variety of cold and hold adhesives. Report Coverage- The report studies decisive segments of this market containing regions, end-users, technologies, types, and applications. It elaborates the performance and significance of each of the segments by considering sales volume, growth prospects, revenue share, and demand. In addition to this, it will help our clients to accurately determine the size of the waterproofing membrane industry to guide them in choosing the right segment for their business growth. Drivers & Restraints- Rising Demand for Residential Spaces in Developing Nations to Aid Growth The high demand for residential spaces, especially in developing countries, on account of the surging population is expected to spur the demand for these membranes in the upcoming years. Also, governments of these countries are constantly taking initiatives to provide the Economically Weaker Section (EWS) with good housing. For instance, India’s Union Housing and Urban Affairs Ministry announced in January 2021 that it approved the construction of more than 168,000 houses under the Pradhan Mantri Awas Yojana (PMAY) in urban areas. However, these membranes contain solvents, diluents, and other additives that often release toxic fumes and VOCs. It may obstruct the waterproofing membrane market growth. Segments- Urgent Need to Protect Roofs from Rainwater will Drive the Roofing Segment Based on applications, the market is categorized into roofing, walls, building structures, landfills & tunnels, and others. Out of these, the roofing segment procured the largest waterproofing membrane market share in 2020. The rising need to protect roofs from atmospheric moisture and rainwater is set to accelerate this segment in the near future. Also, the increasing number of residential construction activities in Asia Pacific would contribute to this growth. Regional Insights- Increasing Population in Urban Areas to Spur Demand for Robust Infrastructure in Asia Pacific Asia Pacific held USD 10.56 billion in 2020 in terms of revenue. It is set to remain at the forefront because of the increasing demand for water treatment infrastructure as the population is rising in urban areas. In Latin America, the surging investments by governments in infrastructural projects would bolster the demand for these membranes. The increasing number of construction activities is set to propel growth in North America. In June 2021, for instance, Ethos Development started constructing multi-family housing in Oregon, U.S. It is set to be a five-story building called brookLAND and contains 166 apartments. Competitive Landscape- Key Companies Aim to Fulfil Unmet Demand by Introducing Novel Solutions The global market houses several reputed manufacturers of waterproofing membrane that are currently striving to keep up with the high demand for the product from the expanding building and construction sector. Also, the emergence of green buildings is set to drive its demand. Some of the others are focusing on the acquisition strategy to compete with prominent firms. Below is one of the crucial industry developments: Fortune Business Insights™ lists out the names of the renowned vendors of waterproofing membranes present in the global market: Sika AG (Switzerland) Tremco Incorporated (U.S.) BASF SE (Germany) Soprema Group (France) GCP Applied Technologies (U.S.) Fosroc, Inc. (India) Mapei S.p.A. (Italy) Carlisle Company Incorporated (U.S.) Johns Manville (U.S.) Elmich Singapore (Singapore) Other Players Information Source: https://www.fortunebusinessinsights.com/waterproofing-membranes-market-102393


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