The global antenna, transducer, and radome (ATR) market size is projected to grow from USD 9.1 billion in 2020 to USD 16.0 billion by 2025, at a CAGR of 11.9% from 2020 to 2025. The growth of the market can be attributed to the growing trend of automation in flight control and increase in defense expenditure and R&D activities to develop ATR, capable of withstanding harsh conditions and providing long-range capabilities at low power consumption.
Raytheon Technologies Corporation (US), Honeywell International Inc. (US), L3Harris Technologies Inc. (US), Lockheed Martin Corporation (US), and Cobham Plc (UK) among others, are some of the leading players operating in the ATR market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, expansions, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the ATR market.
L3Harris Technologies, Inc. (L3Harris) is a holding company that operates through subsidiaries. It is a leading contractor in maritime vessel and ground vehicle as well as aircraft modernization and maintenance; command, control, communications intelligence, surveillance, and reconnaissance (C3ISR) systems; and national security solutions. The company has a presence across North America, Europe, the Middle East, and Asia Pacific and operates through four segments: electronic systems, aerospace systems, communication systems, and sensor systems. Through the communication systems segment, the company provides radio communications, tactical communication networks, and embedded high-grade night vision technology. Through its communication systems segment, the company provides antennas and other related equipment and products such as radome.
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Cobham plc is a technology and service provider that has been operating as a unit of Advent International since January 2020. It is involved in the design, manufacturing, and research & development of a wide range of specialized systems, equipment, and components related to the defense, aerospace, electronics, and energy industries. It offers solutions for the air, space, land, and maritime platforms. The company provides antennas for various platforms such as naval vessels, aircraft, ground-based vehicles through its communication and connectivity segment. Cobham plc also provides radomes through its communication and connectivity segment.
Honeywell International Inc. has an established presence in the technology and manufacturing of safety, energy, and security solutions. It also operates in the aerospace products & services sector and is listed among the 30 Dow Jones Industrial Average Companies. Its aerospace segment is the leading business segment of Honeywell International Inc. that includes products, software, and services for aircraft, which the company sells to original equipment manufacturers (OEMs) and other customers in end markets comprising air transport, regional, business & general aviation aircraft, airlines, aircraft operators, and defense & space contractors.
Raytheon Technologies Corporation is one of the leading companies that provide products for defense, civil government, and cybersecurity applications. The company’s products portfolio includes intelligence, surveillance, and reconnaissance systems and range & training systems, flight controls, communications systems, radome, navigation systems, oxygen systems, simulation & training systems, engine components & engine control systems, electric power generation, power management & distribution systems, air data & aircraft sensing systems, environmental control systems, fire & ice detection & protection systems, propeller systems, engine nacelle systems, exterior aircraft lighting, aircraft seating & cargo systems, actuation systems, landing systems (including landing gear, wheels & brakes), and space products and subsystems.
Antenna, Transducer, and Radome Market by Product (Antenna & Transducer, Radome), Platform (Ground, Naval, Airborne), End User, Application, Technology (Radar, Communication, Sonar), Frequency, Region - Global Forecast to 2025
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