CHICAGO, Aug. 22, 2024 /PRNewswire/ — The global rotary and RF rotary joints market is expected to reach USD 1.9 billion in 2029 from USD 1.5 billion in 2024, at a CAGR of 5.4% during the forecast period according to a new report by MarketsandMarkets™. The market’s growth is propelled by the modernization of manufacturing processes in regions such as Asia Pacific and the increasing adoption of industrial automation. In addition, the market is driven by the rising demand for hybrid rotary joints in satellite communication and military applications. The growth in global defense spending increases the demand for advanced technology within the military and aerospace sectors. RF rotary joints are important in applications like rotating vehicle-mounted cameras and underwater radar systems. However, the exposure to harsh operating conditions and leakage problems restrain the market’s growth.
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162 – Tables
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199 – Pages
Rotary and RF Rotary Joints Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.5 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.4%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Rotary Joints Type, Channel, RF Rotary Joints Type, Application, Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Mechanical wear owing to continuous rotation and exposure to harsh environments
Key Market Opportunities
Rising demand for hybrid rotary joints in satellite communication applications
Key Market Drivers
Increasing demand from communication systems in defense applications
The Coaxial segment is expected to dominate in the forecast period.
The coaxial RF rotary joint is expected to have the largest market share throughout the forecast period. Rotary joints find many applications in industries such as radar systems, satellite communications, and industrial machinery. Coaxial rotary joints are constantly updated with better material used, improved signal transmission quality, and increased durability to increase their adoption with time. This wide range of applications and higher adoption rate ensure that these products have a large market share.
The industrial automation segment is anticipated to grow fastest during the forecast period.
The industrial automation segment is expected to grow fastest in the forecast period, boosted by several factors. This can be attributed to the fact that, with the shift of industries like automotive, electronics, and consumer goods toward automated manufacturing processes, the need for rotary joints increases. These components support various types of automated equipment, such as robotic arms, conveyor systems, and rotating machinery, in working correctly.
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US in the North America region to dominate the rotary and RF rotary joints industry during the forecast period.
The U.S. features a very high degree of development in the industrial sector and produces sophisticated machinery and equipment. It also includes producing high-precision machinery and equipment, which cannot be effectively realized without rotary joints. Besides, the US has key sectors like telecommunication, health, automotive, and industrial automation that are well-established and growing rapidly. All these sectors require rotary joints for various applications and thus drive market demand.
Key players
The rotary and RF rotary joints companies includes significant Tier I and II players like Moog Inc. (US), Kadant Inc. (US), Columbus McKinnon Corporation (US), Deublin Company (US), Dynamic Sealing Technologies Inc (US), Macartney Underwater Technology (Denmark), Cobham France SAS (France), Pasternack Enterprises Inc (US), Spinner GmbH (Germany), Spectrum Control (US) are some of the key players in the rotary and RF rotary joints market.
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