Antenna, Transducer, and Radome Global Market Report Competitive And Growth Analysis 2033

"The Business Research Company recently released a comprehensive report on the Global Antenna, Transducer, and Radome Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 Drivers and Trends:

The increasing IoT-linked devices are expected to boost the growth of the antenna, transducer, and radome market going forward. IoT-linked devices refer to nonstandard computing devices that connect wirelessly to a network and have the ability to transmit data. Efficient communication, essential for transmitting data between IoT devices and central processing systems, heavily relies on antennas, playing a crucial role in ensuring reliable wireless connectivity and facilitating seamless IoT network operations. For instance, in November 2022, according to a report published by Ericsson, a Sweden-based telecommunication company, broadband IoT (4G/5G), which connects the majority of cellular IoT devices, reached 1.3 billion connections in 2022. Nearly 60% of cellular IoT connections are anticipated to be broadband IoT connections by the end of 2028, with 4G connecting the bulk. In terms of cellular IoT connections, North East Asia is currently in the lead; in 2023, it is predicted to surpass 2 billion connections. Therefore, the increasing IoT IoT-linked devices is driving the growth of 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.

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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

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.

Antenna, Transducer, and Radome Market 2024 Key Insights:

• 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%.
• Surge In Defense Expenditure Fueling Growth In The Antenna, Transducer, And Radome Market
• Innovative Radome Designs Spearhead Advancements In The Antenna, Transducer, And Radome Market
• North America was the largest region in the antenna, transducer, and radome market in 2023

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