PUNE, Maharashtra, November 12, 2015 /PRNewswire/ --
The report "Antenna Transducer and Radome Market by Product (Antenna, Transducer, and Radome), by Application (Defense, Aerospace and Homeland Security), by Technology (Radar, Communication and Sonar), by Cost - Analysis & Global Forecasts to 2020", published by MarketsandMarkets, analyzes and studies the major market drivers, restraints/challenges, and opportunities. The ATR Market is projected to reach USD 12.48 Billion by 2020, at a CAGR of 9.53% from 2015 to 2020.
Browse more than 95 market data Tables with 76 Figures spread through 149 Pages and in-depth TOC on "Antenna Transducer and Radome Market".
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The antenna, transducer, and radome market is segmented on the basis of product, application, technology, cost, and region.
The antenna segment is expected to dominate the antenna, transducer, and radome market, among all products
Based on product, the ATR market is segmented into antenna, transducer, and radome. Since the First World War, the market for antennas, transducers, and radomes have started to grow remarkably, but the real transformation of these systems witnessed low levels of alteration in terms of technological development.
The homeland security application is anticipated to grow at the highest CAGR during the forecast period
Based on application, the market is segmented into defense, aerospace, and homeland security. The defense segment is estimated to account for the largest market size in the ATR market, as of 2015. However, the homeland security segment is projected to grow at the highest CAGR of 12.96% from 2015 to 2020.
The radar segment is expected to dominate the antenna, transducer, and radome market, among all technologies
Based on technology, the antenna, transducer, and radome market is segmented into radar, communication, and sonar. These technologies help detect, identify, or connect various devices and facilitate data sharing. The radar segment is expected to account for the largest market share in the current scenario. On the other hand, the sonar segment is estimated to account for a share of ~8% of the overall ATR market in 2015. This growth is mainly attributed to the growing usage of antennas in sonar system, especially in naval applications.
The procurement cost segment is expected to grow the highest CAGR during the forecast period
The antenna, transducer, and radome market is segmented on the basis of cost into procurement and operational. The procurement cost segment is expected to account for the largest market share in the current scenario. In 2015, the operational cost segment is estimated to account for ~18% market share of the overall ATR market.
The antenna, transducer, and radome market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period
On the basis of geography, the market is divided into North America, Europe, Asia-Pacific, the Middle East, and rest of the world (RoW). Regions such as Latin America and Africa are covered under RoW. In 2015, North America is estimated to account for the largest share of the antenna, transducer, and radome market. However, this market in the Asia-Pacific region is projected to grow at the highest CAGR of 10.21% from 2015 to 2020. This growth is mainly attributed to the increasing fleet size and modernization of military programs.
Cobham plc (U.K.): The top player in the antenna, transducer, and radome market
A strong focus on innovation is observed in the antenna, transducer, and radome market. The rich pipeline of innovative products in the ATR market opens an array of opportunities for the market. Players are particularly focused on making devices that are compact and efficient.
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Some major players operating in the antenna, transducer, and radome market are Cobham plc (U.K.), L-3 Communications Holdings Inc. (U.S.), Exelis Inc. (U.S.), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), and Thales SA (France). Other competitors of this market include BAE Systems (U.K.), QinetiQ (U.K.), Airbus (France), Boeing (U.S.), Finmeccanica S.P.A (Italy), Honeywell International Inc. (U.S.), and Ball Aerospace (U.S.).
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