Antenna, Transducer, and Radome - Global Market Outlook (2020-2028)
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.
Estimated Market Size in 2020:
USD 9.26 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 26.23 billion
Tables, Graphs & Figures
Platform, Cost, Method of Use, Product Type, Technology, Frequency, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Method of Uses Covered:
• Temporal Artery Radiation (Forehead) Measurement.
• Tympanic Radiation (Ear) Measurement
Product Types Covered:
• Wireless Communication
• Navigation & Surveillance
• Homeland Security
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Antenna, Transducer, and Radome Market is majorly driven by rise in defense budgets, increasing aerospace modernization programs and demand for technologically advanced ATR for next-generation aircraft.
The multi-band segment is growing at a highest CAGR owing to the increasing demand for better signals and multi-band signal processing primarily conducting to improve signal resolution.
North America dominated with a significant market share due to the presence of several large ATR manufacturers in the region and continuously investment in R&D to develop ATR with improved efficiency and reliability.
Asia Pacific market is growing at a highest CAGR owing to the increase in government spending, modernization of military and growing demand from countries such as South Korea, Japan and India.
Key players in Antenna, Transducer, and Radome Market include 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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