Quadintel published a new report on the Rotary and RF Rotary Joints Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Rotary and RF Rotary Joints Market is valued at approximately USD 671.8 million in 2021 and is anticipated to grow with a healthy growth rate of more than 3.9% over the forecast period 2022-2028.
The electromechanical elements or components known as RF rotary joints or radiofrequency rotary joints are used to transfer radio frequency signals between moveable and stationary sections of any system. In the design of different rotating radar systems, rotary joints are critical components.
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They’re also known as electromechanical devices, and they act as a crucial interface between the rotating radar system’s numerous parts and other fixed components. Low-distortion signal transfer between the ground components and the antenna is enabled via RF rotary joints. The market growth is driven by increasing demand for multi-channel rotary joints in food & beverages industry and increasing demand for single-passage and multi-passage rotary joints in industrial automation sector.
Hence, the rising food and beverage industry and automotive sector, directly affect the market, positively. For instance, as per Statista, in 2021, the global automotive manufacturing market was estimated to be worth around USD 2.7 trillion. In 2022, the market is expected to reach a value of USD 2.8 trillion. In the next ten years, automotive technology will change dramatically. In 2030, electric vehicles are estimated to account for 26% of new auto sales globally, with 58 million new self-driving cars joining the global fleet. However, leakage problems impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Rotary and RF Rotary Joints Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is leading the market growth globally. Factors such as rise in manufacturing industry and growth in technological benefits in the region. However, Asia Pacific region is expected to be the fastest growing region in the upcoming years. China, Japan, and South Korea are the largest contributors in APAC. China and Japan are the largest and fastest-growing markets in APAC in terms of rotary and RF rotary joint applications.
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Major market players included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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Furthermore, years considered for the study are as follows:
Target Audience of the Global Rotary and RF Rotary Joints Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
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The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What is the key information extracted from the report?
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