Antenna, Transducer, and Radome Market Set to Reach $16 Billion by 2025

1
Antenna, Transducer, and Radome Market Set to
Reach 16 Billion by 2025
The Global Antenna, Transducer, and Radome (ATR)
Market is set to witness significant growth,
with projections indicating a rise from USD 9.1
billion in 2020 to a substantial value of USD
16.0 billion by 2025. This growth, estimated
at a Compound Annual Growth Rate (CAGR) of
11.9 from 2020 to 2025, is attributed to
several key factors. One of the primary drivers
is the increasing trend towards automation in
flight control systems, coupled with a surge
in defense expenditure worldwide. This trend is
further bolstered by extensive Research and
Development (RD) activities aimed at enhancing
ATR capabilities to withstand harsh environmental
conditions while offering long-range
capabilities with minimal power
consumption. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id58948192 The ATR market comprises
prominent players such as Raytheon Technologies
Corporation, Honeywell International Inc.,
L3Harris Technologies Inc., Lockheed Martin
Corporation, and Cobham Plc, among others. These
industry leaders operate across diverse regions
including North America, Europe, Asia Pacific,
the Middle East, Africa, and South America.
However, the ongoing COVID-19 pandemic has
impacted their operations, with industry experts
predicting a potential global decline in ATR
production and services by 2530 in 2020. In
terms of product segmentation, the antenna
transducers segment is anticipated to dominate
the ATR market. This segment has witnessed
remarkable growth since the First World War,
albeit with minimal technological advancements
until recent years. Moreover, within the
technology segment, radar technology is expected
to command the largest market share due to its
widespread applications in detection and
identification across various platforms.
Additionally, the sonar segment is experiencing
growth, particularly in naval applications,
contributing to the overall expansion of the ATR
market. Geographically, while North America
currently holds the largest share of the ATR
market, the Asia-Pacific region is poised to
exhibit the highest Compound Annual
2
Growth Rate (CAGR) during the forecast period.
This growth is primarily fueled by an increasing
fleet size and the modernization of military
programs in the region. Inquiry Before Buying
_at_ https//www.marketsandmarkets.com/Enquiry_Before
_BuyingNew.asp?id589481 92 About
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