The antenna, transducer, and radome global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Antenna, Transducer, and Radome Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
The development of radome designs is a key trend gaining popularity in the antenna, transducer, and radome market. Research and development in radome consistently come up with new radome designs that provide more and more convenient options. For instance, in November 2021, Rohde & Schwarz GmbH & Co. KG, a Germany-based company operating in the antenna, transducer, and radome market launched an innovative radome tester, the R&S QAR50, an ideal solution for measuring radomes and bumpers in production. This innovative radome design provides accurate and reproducible results that ensure short measurement times with an attractive performance ratio. This also provides a highly modular software concept that allows the tester to be adapted to individual requirements.
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
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Antenna, Transducer, and Radome Market Report Structure
3. Antenna, Transducer, and Radome Market Trends And Strategies
4. Antenna, Transducer, and Radome Market – Macro Economic Scenario
5. Antenna, Transducer, and Radome Market Size And Growth
…..
27. Antenna, Transducer, and Radome Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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