Antenna Transducer and Radome (ATR) Market

Defense budget cuts in the U.S. and Europe will have an impact on the antenna, transducer, and radome market.

According to Market Research, Aerospace and Defense business unit at MarketsandMarkets, the global antenna, transducer and radome market is estimated to be $17.7 billion in 2014 and expected to grow at a CAGR of 6.27% to reach $25.5 billion in 2020.

The growth regions will be Asia-Pacific and the Middle East. However countries like South Korea, Japan, UAE, Saudi Arabia and Israel will show a higher growth level in the market throughout the forecast period.

Defense budget cuts in the U.S. and Europe will have an impact on the antenna, transducer, and radome market.

Antenna, transducer, and radome systems will be on high priority in the near future because of increasing military tension in regions like the Middle East and Asia-Pacific, and the growing commercial aircraft market. The antenna, transducer and radome systems have evolved rapidly while there will be developments in technology in the future, which will create new and better opportunities in the market.

There is a slight decrease in the antenna, transducer and radome market for the Western market. This decline is not because of lower spending on defense budgets in the western market, but its increased spending in regions like Asia-Pacific and the Middle East.

The antenna market has the highest CAGR across all platforms and it will account for 70% of the market share in the forecast period.

Related Reports:

Antenna, Transducer and Radome Market, by Product [Radar, Sonar and Communication], by Application [Airborne, Naval and Land-based Systems], by Geography [Asia-Pacific, Europe, Middle East, North America and South America] - Global Forecasts & Analysis to 2014-2020
https://www.marketsandmarkets.com/Market-Reports/antenna-transducer-radome-market-58948192.html

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Report Code
AS 2323
Published ON
Nov, 2015
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