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Antenna, Transducer, and Radome Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
Antenna, Transducer, and Radome Market
The Business Research Company offers in-depth market insights through Antenna, Transducer, and Radome Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
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
Major Driver - Surge In Defense Expenditure Fueling Growth In The Antenna, Transducer, And Radome Market
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.
Competitive Landscape:
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.
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Top Trend - Innovative Radome Designs Spearhead Advancements In The Antenna, Transducer, And Radome Market
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 Table Of Content For The Market Report Include:
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. 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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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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