Antenna, Transducer, And Radome Global Market Size, Revenue, Growth, Industry Insights, Regional Analysis and Forecast Till 2033 | Thales Group, The NORDAM group, CPI International Inc., Pacific Radomes Inc., Airbus

Overview and Scope
An antenna converts electrical energy into electromagnetic waves and vice versa. A radome is used as a protective covering for radio antennas from snow and rain. A transducer is an electrical device that converts electrical energy into electromagnetic waves and vice versa. In radio communication, the antenna works as a transducer. A radome acts as a protective covering for an antenna. It is used in a radio communication system.

Sizing and Forecast
The antenna, transducer, and radome market size has grown strongly in recent years. It will grow from $11.49 billion in 2023 to $12.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to telecommunication expansion, advancements in radar systems, wireless connectivity proliferation, satellite communication development, consumer electronics evolution, medical imaging equipment development.

The antenna, transducer, and radome market size is expected to see strong growth in the next few years. It will grow to $16.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to emergence of smart cities, space exploration and satellite constellations, aviation communication upgrades, renewable energy infrastructure, advancements in automotive connectivity, development of next-gen radar systems. Major trends in the forecast period include integration of antennas in smart devices, growth in automotive antenna technologies, use of multiple-input multiple-output (mimo) antennas, rise of satellite communication antennas, advancements in radar technologies, demand for 3d printed antennas and radomes..

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Segmentation & Regional Insights
The antenna, transducer, and radome market covered in this report is segmented –
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

North America was the largest region in the antenna, transducer, and radome market in 2023. Asia-Pacific is expected to be the fastest-growing region in the antenna, transducer, and radome market report during the forecast period. The regions covered in the antenna, transducer, and radome market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Rising defense expenditure is expected to propel the growth of the antenna, transducer, and radome market going forward. Defense expenditure includes current and capital expenditures on the armed forces, including peacekeeping troops, defence ministries, and other government agencies involved in defence programs. Defense expenditure helps in the purchase of antenna, transducers, and radome by spending the amount on aircraft, ships and submarines, guided missiles, engines, and components. For instance, according to Stockholm International Peace Research Institute, a Sweden-based independent resource on global security, total global military expenditure increased by 0.7% and reached $2,113 billion in 2021. Therefore, rising defense expenditure is driving the antenna, transducer, and radome market growth.

Key Industry Players
Major companies operating in the antenna, transducer, and radome market report are 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.

The antenna, transducer, and radome market report table of contents includes:
1. Executive Summary