Soaring Demand Set to Propel Antenna, Transducer, and Radome Market to $18.42 Billion by 2029

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What Is the Expected CAGR for the Antenna, Transducer, and Radome Market Through 2025?
In recent times, the market size of antenna, transducer, and radome has seen robust growth. This market is forecasted to expand from $12.15 billion in 2024 to $13.01 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.0%. The remarkable growth historically witnessed can be credited to various factors, including the boom in telecommunication, advances in radar technologies, the widespread of wireless connectivity, the progress in satellite communication, the advancement in consumer electronics, and the evolution in medical imaging equipment.

What's the Projected Size of the Global Antenna, Transducer, and Radome Market by 2029?
The market size for antenna, transducer, and radome is forecasted to experience strong growth, expanding to $18.43 billion by 2029 with 9.1% compound annual growth rate (CAGR). The predicted growth within this period can be linked to the rise of smart cities, advents in space exploration and satellite constellations, upgrades surrounding aviation communication, development in renewable energy infrastructure, technological advancements in automotive connectivity, and the creation of next-generation radar systems. Key trends within this period comprise the integration of antennas into smart devices, expansion in automotive antenna technology, utilization of multiple-input multiple-output (MIMO) antennas, expansion of satellite communication antennas, advancements in radar technologies, and the increased demand for 3D printed antennas and radomes.

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Top Growth Drivers in the Antenna, Transducer, and Radome Industry: What's Accelerating the Market?
An increase in defense spending is poised to fuel the ongoing expansion of the antenna, transducer, and radome market. This expenditure encompasses both the ongoing and capital outlays for military forces, including peacekeeping troops, defense departments, and other governing bodies associated with defense initiatives. This defense funding facilitates the procurement of antenna, transducers, and radomes by allocating funds for aircraft, boats and submarines, guided projectile, engines, and corresponding components. For example, in April 2024, total worldwide military spending, as reported by the Stockholm International Peace Research Institute based in Stockholm, amounted to nearly $2,443 billion in 2023, marking a 6.8% surge from the previous year. Consequently, the escalating defense expenditure is propelling the antenna, transducer, and radome market's growth.

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What Trends Will Shape the Antenna, Transducer, and Radome Market Through 2029 and Beyond?
The progression in radome designs is a notable trend growing in prominence in the antenna, transducer, and radome market. Constant innovation in radome leads to the continual creation of new, user-friendly radome designs. In a case study from March 2024, Quectel, an IoT solutions company based in China, announced a range of advanced, high-performing antennas, which included 5G, GNSS, and 5-in-1 combo models. These state-of-the-art antennas were intended to improve connectivity and cater to a broad spectrum of IoT applications, thereby ensuring stable performance in a variety of conditions. With their cutting-edge design, these antennas are aimed at fulfilling the rising need for sturdy and effective wireless communication solutions in the rapidly expanding IoT market.

What Are the Main Segments in the Antenna, Transducer, and Radome Market?
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

Subsegments:
1) By Antenna And Transducers: Wire Antennas, Microstrip Antennas, Parabolic Antennas, Transducers
2) By Radome: Solid Radomes, Lattice Radomes, Inflatable Radomes

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Which Top Companies are Driving Growth in the Antenna, Transducer, and Radome Market?
Major companies operating in the antenna, transducer, and radome market 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.

Which Regions Will Dominate the Antenna, Transducer, and Radome Market Through 2029?
North America was the largest region in the antenna, transducer, and radome market in 2024. Asia-Pacific is expected to be the fastest-growing region in the antenna, transducer, and radome market report during the forecast period. The regions covered in the antenna, transducer, and radome market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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