The global antenna transducer and radome market is expected to witness significant growth over the forecast period.
The driving forces responsible for the growth of global market include growth in demand of satellite communication and surveillance system due to infiltration activities by terrorists worldwide. Integration of different technologies under joint ventures is major factors that propel the growth of global market. Additionally, proliferated use of antenna transducers in air traffic control and tracking of weather change is supposed to strengthen the market growth during the forecast period. However, the global antenna transducer and radome market experiences a setback in the form of high maintenance costs, manufacturing & setup of the system and lack of skilled personnel.
Antenna transducers are those devices used to convert the radio frequency fields into alternating currents and vice versa. It consists of multiple components such as receiving antenna, transmitting antenna and a transducer. The radio frequency field is generated by the transmitting antenna that is transferred to the receiving antenna which converts these RF into AC with the help of a transducer.
Physically, an antenna is an array of conductors that generate a radiating electromagnetic field in response to alternating voltage and alternating current. Antennas usually work in air or outer space, but also can be used under water or soil and rock at certain frequency levels. An antenna being an arrangement of conductors, the spatial relationship amongst the individual antennas caters to the directivity of the antenna.
On the basis of product, the global antenna transducer and radome market is segmented as antenna, transducer and radome. Antenna segment dominates the global market owing to popularity. On the basis of application, the global market is segmented as defense, aerospace and homeland security. The homeland security segment is expected to dominate the market owing to constant growth. The segment is projected to continue growing at a higher CAGR for the forecast period.
On the basis of technology, the global market is segmented as radar, communication and sonar. Radar segment dominates the market as these technologies help in detecting, identify and connect various devices and facilitate data sharing. The radar segment accounts for major share in the global market in the present conditions. Sonar segment is accounted for major share in the global market owing to growth in usage of antennas in sonar system especially in navy applications.
On the basis of cost, the global market is segmented as procurement and operational. Procurement cost segment is expected to dominate the global market share of the overall market in the present situations. Operational cost segment accounts for
On the basis of geographic region, the global antenna transducer and radome market spans North America, Europe, Asia-Pacific excluding Japan, Japan, Middle-East and Africa. North America dominates the global market in terms of value and owing to big budget in the U.S. regions. APEJ markets are expected to rise at a significant CAGR for the forecast period owing to increase in government spending and modernization of military is the significant factor that propels the market growth in this region.
Europe is a fertile market for the antenna transducer and radome market with favorable opportunity for prominent players. The key players in the global market include Cobham plc, L-3communications holdings, Exelis Inc, Lockheed Martin Corporation, Raytheon Company, Thales SA, BAE Systems, QinetiQ, Airbus, Boeing, Finmeccania, Honeywell International Inc. Cobham plc is the dominant player in the market.
The market players in the global market are especially focusing on production of compact and efficient devices. Moreover, creation of innovative products is the recent trend followed by market players which opens multiple opportunities for the market.
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