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Antenna Transducer And Radome Market Globally Expected to Drive Growth through 2026

10-25-2016 10:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Antenna Transducer And Radome Market Globally Expected to Drive

Antenna transducers are the devices that are used to convert the radio frequency fields into alternating current and vice versa. Antenna transducer comprise of three components a receiving antenna, a transducer and a transmitting antenna. Transmitting antenna generates the radio frequency field that is transferred to receiving antenna which converts these radio frequency field in to alternating current by using transducer. To prevent gradual loss in transmitting signals due to weather change radome – a structure built around the antenna – is used.

Antenna Transducer and Radome Market: Drivers and Restraint

Rise in demand of surveillance & satellite communication system due to increase in terrorist activities across the world, integration of different technologies due to joint ventures among key players are the major factors driving growth of the antenna transducer and radome market. Also increasing application of antenna transducer in air traffic control and weather change tracking is expect to fuel growth of the market over the forecast period. However, high cost related to maintenance, manufacturing and setup of the system, requirement of highly skilled & experienced manpower are some of the key challenges for the antenna transducer and Radome market.

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Antenna Transducer and Radome market: Segmentation

Antenna Transducer and Radome market can be segmented into components, technology, and applications. On the basis of components, the antenna transducer & Radome market can be segmented into antenna, transducer and Radome. Among previously mentioned segments, antenna is the dominant segment owing to wide range of applications and its capability to integrate with different technologies. The technology segment includes radar and sonar. Radar systems are used to detect the position and movement of the object by using ultra high frequency or radio frequency waves. Radars are widely used in air traffic control, defence system and ocean surveillance systems. Sonar is used to detect the position and movement of underwater objects by using sound waves. On the basis of applications the antenna transducer and radome market can be segmented into aerospace and military.

Antenna Transducer and Radome Market: Region wise outlook

The Antenna transducer and radome market covers seven key regions namely North America, Latin America, East Europe, West Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa. North America was the dominant regional market in terms of value in 2015. This is mainly attributed to increasing defence budget in the region by U.S. and Canada government. However, APEJ antenna and radome market is expected to expand at a significant CAGR over the forecast period. Increasing government spending modernisation of military is the major factor fuelling growth of the market in the region.

Increase in demand for commercial and military aircrafts especially in Europe is providing the favourable opportunity for major vendors to foray into the region. In terms of revenue, UK, France and Germany are the major shareholders of antenna transducer and Radome market in this Europe.

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Antenna Transducer and Radome Market: Key Players

Major players identified in the antenna transducer and radome market are Exelis Inc. (US), Thales group (France), Cobham plc. (UK), Lockheed Martin Corporation (US), BAE systems(UK), General Dynamics Corporation (US), Raytheon Company (US),Northrop Grumman Corporation(US), L-3 Communications Holdings Inc. (US), Leonardo-Finmeccanica (Italy). Key players operating in the market are focused towards entering into long-term contracts with ministry of defence and military in established and emerging markets. For instance, 2014, Thales group signed five-year contract with UK’s Ministry of defence. The motive behind this contract is to offer latter support for Sonar 2050 system used on the Royal Navy’s Type 23 frigate fleet.

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