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Antenna, Transducer, and Radome (ATR) Market Accelerates: On Track to Reach USD 16 Billion by 2025

(USGovernment-News.Com, November 07, 2023 ) The Global Antenna Transducer and Radome Market is experiencing significant growth, as highlighted in a research report titled "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" published by MarketsandMarkets.

Market Growth and Size:

The global ATR market is projected to grow from USD 9.1 billion in 2020 to USD 16.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.9% from 2020 to 2025.

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The growth of the market is primarily attributed to several factors, including the increasing trend of automation in flight control systems, a rise in defense expenditure, and increased research and development (R&D) activities aimed at developing ATR systems capable of withstanding harsh conditions and providing long-range capabilities at low power consumption.

Market Segmentation:

The ATR market encompasses various product types, including antennas & transducers and radomes. Among these, the antenna & transducer segment is expected to dominate the market.

In terms of technology, the radar segment is projected to hold the largest market share within the ATR market. Radar technology is essential for detecting, identifying, and connecting various devices and facilitating data sharing.

Geographically, the market is divided into North America, Europe, Asia-Pacific, the Middle East, and Latin America. While North America is estimated to account for the largest market share in 2020, the Asia-Pacific region is expected to exhibit the highest Compound Annual Growth Rate (CAGR) from 2020 to 2025. This growth is driven by an increasing fleet size and modernization of military programs in the Asia-Pacific region.

Key Players:

Major players in the ATR market include Raytheon Technologies Corporation (US), Honeywell International Inc. (US), L3Harris Technologies Inc. (US), Lockheed Martin Corporation (US), and Cobham Plc (UK). These companies have expanded their operations across various countries, covering North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.


Mr. Aashish Mehra


Source: EmailWire.Com


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