Antenna, transducer and radome market valued at $ 16.zero billion by 2025, rising at an annual price of 11.9%
(MENAFN – GetNews) [259 Pages] The Antenna, Transducer, and Radome Market categorizes the global market by product (antenna and transducer, radome), platform (ground, marine, air), end-user, application, technology (radar, communication, sonar), frequency, region. Effects of COVID-19 on the antenna, transducer and radome industries.
According to a research report “Antenna, Transducer, and Radome Market by Product (Antenna and Transducer, Radome), Platform (Ground, Marine, Air), End User, Application, Technology (Radar, Communication, Sonar), Frequency, Region – Global Forecast to 2025” The global ATR market size published by MarketsandMarkets is projected to increase from $ 9.1 billion in 2020 to $ 16.0 billion in 2025, with a CAGR of 11.9% from 2020 to 2025. The growth of the market is attributed to the growing trend of flight control automation and increased defense spending and R&D activities to develop ATRs that can withstand harsh conditions and provide long-range capabilities with low power consumption.
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Search through 230 market data, tables and 59 figures, spread over 259 pages and a detailed table of contents “Antenna, Transducer, and Radome Market – Global Forecast to 2025”
The ATR market includes the main players Raytheon Technologies Corporation (USA), Honeywell International Inc. (USA), L3Harris Technologies Inc. (USA), Lockheed Martin Corporation (USA) and Cobham Plc (UK). These players have spread their business across different countries including North America, Europe, Asia Pacific, the Middle East, Africa and South America. COVID-19 has also had an impact on business. Industry experts believe that COVID-19 could affect ATR production and services by 2530% globally in 2020.
Based on product type, the Antennas and Transducers segment is expected to dominate the Antennas, Transducers, and Radomes market.
Based on the product, the ATR market is divided into Antenna & Transducer and Radome. The market for antennas and transducers, as well as radomes, has grown remarkably since World War I, but the actual transformation of these systems has changed little in terms of technological development.
Based on the technology, the radar segment is expected to dominate the antenna, transducer and radome markets.
Based on the technology, the Antennas, Transducers, and Radomes market is divided into Radar, Communication, and Sonar. These technologies help to recognize, identify or connect different devices and facilitate data exchange. The radar segment is expected to have the largest share of the market in the current scenario. Similarly, the growth in the sonar segment is mainly due to the increased use of antennas in sonar systems, particularly in marine applications.
The market for antennas, transducers and radomes in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period
Because of the geographic location, the market is divided into North America, Europe, Asia-Pacific, the Middle East and Latin America. It is estimated that North America will have the largest share of the antenna, transducer and radome market in 2020. However, this Asia-Pacific market is expected to grow with the highest CAGR from 2020 to 2025. This growth is mainly due to the increasing fleet size and the modernization of military programs.
Raytheon Technologies Corporation (USA), Honeywell International Inc. (USA), L3Harris Technologies Inc. (USA), Lockheed Martin Corporation (USA) and Cobham Plc (UK) are some of the leading players in the ATR market report.
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