Global Antenna Transducer and Radome (ATR) Market is valued approximately at USD 10.4 billion in 2018 and is anticipated to grow with a growth rate of more than 9.6% over the forecast period 2019-2026. Antenna transmits and receives radio-frequency signals, by converting electrical waves into radio waves and vice versa. Transducer helps to convert a signal in one form of energy to a signal in another. Radome protects antenna or radar system from damage and helps to hide the antenna from public view. Antenna Tranducer and Radome enables wireless transmission/communication between two or more devices, used in airspace, marine and ground security to monitor targets like missiles, underwater objects and unmanned aerial vehicles.
Rise in improvements in sonar and sensor technologies to boost the market for defense transducers and rise in defense budgets are the few factors responsible for high CAGR of the market over the forecast period. For instance, according to Stockholm International Peace Research Institute (SIPRI), the total global military expenditure rose to around USD $1822 billion in 2018, presenting an increase of 2.6 % from 2017. While India had rose its spending by 3.1% to USD $66.5 billion in 2018. Further, increase in fleet size and modernization programs related to defense antennas are likely to impel the demand for Antenna Transducer and Radome (ATR) over the forecast period. However, Budgetary Constraints in western Europe and operational efficiency and inadequate testing facilities related to radomes are the major factor restricting the growth of global Antenna Transducer and Radome (ATR) market during the forecast period.
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The regional analysis of global Antenna Transducer and Radome (ATR) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of value and owing to big budget in the U.S regions. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period of 2019-2026.
Major market player included in this report are:
Exelis Inc.
Raytheon Company
Cobham PLC
Lockheed Martin Corporation
L-3 Communications
Thales Group
The Boeing Company
BAE Systems PLC
Qinetiq Group PLC
Leonardo S.p.A
