The Antenna, Transducer, and Radome Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Antenna, Transducer, and Radome Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Antenna, Transducer, and Radome Market Characteristics
3. Antenna, Transducer, and Radome Market Trends And Strategies
4. Antenna, Transducer, and Radome Market – Macro Economic Scenario
5. Global Antenna, Transducer, and Radome Market Size and Growth
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26. South America Antenna, Transducer, and Radome Market
27. Brazil Antenna, Transducer, and Radome Market
28. Middle East Antenna, Transducer, and Radome Market
29. Africa Antenna, Transducer, and Radome Market
30. Antenna, Transducer, and Radome Market Competitive Landscape And Company Profiles
Top Major Players:
- L3Harris Technologies Inc.
- Cobham Limited
- Raytheon Technologies
- Lockheed Martin Corporation
- General Dynamics Mission Systems Inc
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