The worldwide antenna, transducer and radome industries are projected to achieve $ 16 billion by 2025, with an annual development fee of 11.9% from 2020

The “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” Report was added ResearchAndMarkets.com Offer.

The global ATR market size is projected to increase from $ 9.1 billion in 2020 to $ 16.0 billion in 2025, with an annual growth rate of 11.9% from 2020 to 2025.

The growth of the market is due to the growing trend of automation in flight control and the increase in defense spending and R&D activities to develop ATR that can withstand harsh conditions and provide long-range capabilities with low power consumption.

The ATR market includes important players such as 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 and Africa, and Latin America. COVID-19 has also had an impact on business. Industry experts believe that COVID-19 could affect ATR production and services by 25-30% globally in 2020.

Soil: The largest market share segment of the ATR market by platform

Based on the platform, the ATR market is divided into air, ground, and marine platforms. The ground platform is the platform segment that makes up the largest share of the ATR market. The increasing demand for improved and optimized communication, navigation and monitoring on all platforms is driving the antenna, transducer and radome market. The marine segment of the Antenna, Transducer and Radome Market is expected to grow at the highest CAGR during the forecast period as the demand for unmanned underwater vehicles increases and military ships are upgraded, which in turn leads to an increase in the demand for antennas and transponders.

The story goes on

Defense: Largest market share segment of the ATR market by end users

Based on the end user, the ATR market is divided into trading and defense. The defense segment is the largest segment of the ATR market when compared to the commercial segment. The market growth is due to the high volume of antennas, transducers and radomes used in defense platforms.

Asia Pacific: The fastest growing region in the ATR market.

For the Asia-Pacific region, the highest CAGR rate is forecast for the ATR market during the forecast period. Countries in the Asia-Pacific region are rapidly developing and improving the capabilities of aircraft systems. This gives antenna, transducer and radome manufacturers the opportunity to improve their business in the region. An increase in demand for low cost carriers (LCCs) is one of the factors driving the growth of the ATR market in the Asia Pacific region.

Market dynamics

driver

  • Increasing modernization programs for the aerospace industry

  • Increasing demand for military uavs

  • Demand for technologically advanced ATR for next generation aircraft

  • Importance of radomes in warfare

restrictions

opportunities

  • Origin of aircraft manufacturers in the Asia-Pacific region and Latin America

  • Increasing popularity of Evtol aircraft

  • New composite materials developed to improve radome properties

Challenges

  • High manufacturing costs and design constraints

  • Maintenance of radomes

  • Economic challenges from COVID-19

  • Reduced global need for maintenance, repair and overhaul (Mro) due to COVID-19

Mentioned companies

  • Antcom

  • Astronics

  • Bae Systems plc.

  • Cobham plc

  • Communications & Power Industries LLC

  • Comtech Telecommunications

  • Delta G.

  • FDS Italy Srl

  • Flir Systems (Raymarine)

  • General dynamics

  • Harbin Topfrp Composite Co., Ltd. (Htc)

  • Honeywell International Inc.

  • HR Smith group of companies

  • Jenoptik

  • Kaman composites

  • Kelvin Hughes

  • Kitsap composites

  • Kongsberg groups

  • L3Harris Technologies, Inc.

  • Lockheed Martin Corporation

  • North am

  • Northrop Grumman Corporation

  • Pacific Radomes Inc.

  • Rami

  • Raytheon Technology Corporation

  • Rohde & Schwarz

  • Royal DSM

  • Royal Engineered Composites

  • Holy Gobain

  • Starwin Industries

  • Thales group

  • The Boeing Company

  • Toray Advanced Composites

  • Green telemetry and antenna systems

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210329005534/de/

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