Market Research Report
Antenna, Transducer, and Radome - Global Market Outlook (2020-2028)
|Antenna, Transducer, and Radome - Global Market Outlook (2020-2028)|
Published: June 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Antenna, Transducer, and Radome Market is accounted for $9.26 billion in 2020 and is expected to reach $26.23 billion by 2028 growing at a CAGR of 13.9% during the forecast period. Increasing aerospace modernization programs, rise in defense budgets, and demand for technologically advanced ATR for next-generation aircraft and are driving the market growth. However, the long duration of product certification and high maintenance costs are hampering the growth of the market.
Antenna transducers are the devices that are used to convert the radio frequency fields into alternating current and vice versa. The radome is a structure that protects the antenna or radar system from damages. It also helps in hiding the antenna from the public view. Antenna, transducer, and radome technology have been developed for reliability in radar, sonar, and communication systems. It helps in detecting small, non-linearly moving targets for radar and sonar applications.
Based on the frequency, the multi-band segment is going to have lucrative growth during the forecast period owing to the growing demand for better signals and multi-band signal processing primarily conducting to improve signal resolution. Recent developments in photonic technologies have enabled multiband surveillance radars to explore applications that require high-precision. By geography, North America is going to have high growth during the forecast period due to the presence of several large ATR manufacturers, increasing defence budget in the region by U.S. and Canadian government, and major market players continuously investing in R&D to develop ATR with improved efficiency and reliability.
Some of the key players profiled in the Antenna, Transducer, and Radome Market include Ball Aerospace & Technologies, Thales Group, Raytheon Company, QinetiQ, Lockheed Martin, BAE Systems, L3Harris Technologies, Astronics Corporation, Exelixis, Cobham Defence Communications, Boeing, Leonardo, Honeywell, General Dynamics Mission Systems and Airbus Group.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.