How Has the Antenna, Transducer, and Radome Market Performed Recently and What Growth is Expected in the Future?
The antenna, transducer, and radome market size has seen consistent growth, escalating from $12.15 billion in 2024 to a projected $13.01 billion in 2025, at a compound annual growth rate (CAGR) of 7.0%. This expansion has been driven primarily by advancements in radar systems and wireless connectivity, coupled with the emergence of smart cities, satellite communication and developments in the aerospace and defense sectors.
Growth expectations remain strong for this market, which anticipates to hit $18.43 billion in 2029 at a CAGR of 9.1%. Factors contributing towards this growth include continued advancements in radar and automotive connectivity technologies, as well as increased demand for antennas and radomes in emerging tech areas like smart devices and 3D printing.
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What is Driving Growth in the Antenna, Transducer, and Radome Market?
A key driver in the market’s growth is the increase in defense expenditure, which includes capital expenditures on armed forces, defense ministries, and other government agencies involved in defense projects. These expenses help finance the purchase of antennas, transducers, and radomes for use in aircraft, ships, submarines, guided missiles, and various engine components. Studies show that world military expenditure reached approximately $2,443 billion in 2023, indicating a 6.8% increase from the previous year.
What Are The Key Segments In The Antenna, Transducer, and Radome Market?
1) By Product Type: Antenna And Transducers, Radome
2) By Platform: Airborne, Ground, Naval
3) By Technology: Communication, Radar, Sonar
4) By End User: Commercial, Defense
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Which Companies Are Dominating the Antenna, Transducer, and Radome Market?
Major players in the market include L3Harris Technologies Inc., Cobham Limited, Raytheon Technologies, Lockheed Martin Corporation, General Dynamics Mission Systems Inc., Northrop Grumman Corporation, Honeywell International Inc., Astronics Corporation, BAE Systems, Thales Group, The NORDAM group, CPI International Inc., Pacific Radomes Inc., Airbus, Harbin Topfrp Composite Co. Ltd, Saab Group., Kratos Defense & Security Solutions Inc., Qorvo Inc., Esterline Technologies Corporation, Terma A/S, RADA Electronic Industries Ltd., Comtech Telecommunications Corp., Rohde & Schwarz GmbH & Co. KG, Diehl Defence., Cobham Advanced Electronic Solutions, Ultra Electronics Holdings PLC, Mercury Systems Inc., Antenna Products Corporation, Rantec Microwave Systems, TCI International Inc.
What Are the Emerging Trends in the Antenna, Transducer, and Radome Market?
Emerging trends include the development of innovative radome designs, such as China-based IoT solutions provider Quectel’s new high-performance antennas, unveiled in March 2024. These innovative antennas are designed to enhance connectivity and support a wide range of IoT applications.
Which Regions are Leading and Rising in the Antenna, Transducer, and Radome Market?
In 2024, North America was the largest region in the antenna, transducer, and radome market, with Asia-Pacific projected to be the fastest-growing region. Other regions covered in the report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Antenna, Transducer, and Radome Market Report 2025 Offer?
The report enables market players to understand the key components of the antenna, transducer, and radome market, which according to the definition include an antenna that converts electrical energy into electromagnetic waves and vice versa, a radome that protects antennas from external elements, and a transducer that converts energy to electromagnetic waves. https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7989.
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