Magnonics is a young field of research and technology emerging at the interfaces between the study of spin dynamics, on the one hand, and a number of other fields of nanoscale science and technology, on the other. We review the foundations and recent achievements in magnonics in view of guiding further progress from studying fundamental magnonic phenomena towards applications. We discuss the major challenges that have to be addressed in future research in order to make magnonics a pervasive technology.
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