Dallas, TX -- (SBWIRE) -- 07/17/2014 -- The U.S. has been the biggest market for the antenna, transducer, and radome system; in this respect, the recent economic scenario has seen defense budget cuts in the U.S. market as well. Countries in the Asia-Pacific region like South Korea, Japan, and Middle Eastern countries like UAE, Saudi Arabia, and Israel can drive growth of the market. India and China’s market will be tough to penetrate because of their strict government regulations and indigenous programmes in submarine which will affect the transducers market. Russia, with respect to antenna, transducer, and radome, continues to be highly indigenous, with all the manufacturing done by Russian companies.
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.
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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.
Antenna, transducer, and radome processing technology is developed specifically for reliability in radar, sonar and communication systems, by detection and tracking of small, non-cooperative, low radar-cross section, non-linearly moving targets for radar and sonar applications. Antennas, transducers, and radomes can be used for airspace, marine, and ground security applications to monitor a wide range of targets including aircraft, ultra lights, unmanned aerial systems, helicopters, ships, boats, vehicles, pedestrians, and underwater objects.
Antenna, transducer, and radome systems exist in various base applications like airspace radars, military and communication systems, submarine screening systems and commercial aircrafts.
According to Market Research, Aerospace and Defense business unit at MarketsandMarkets, “With respect to products, radar systems account for 35%, sonar 25%, and communication systems 40% of the antenna, transducer, and radome market. Airborne systems have the highest CAGR across all platforms.”
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The typical lifecycle of antenna, transducer, and radome systems last for 15-20 years with a mid-life upgrade in both the software and hardware components. The research and development process for antenna, transducer, and radome generally take 1-3 years.
Browse more than 73 market data tables with 9 figures spread through 170 Pages and in-depth TOC on "Antenna, Transducer and Radome Market".
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The report provides an in depth analysis of the present industry size and growth prospects during the forecast period, including highlights of key growth stimulators. This report further benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
It provides detailed analysis of the market for military and commercial Antenna, Transducer, And Radome Markets during the period 2014 to 2020. The report also incorporates the factors that persuade a country's expenditure on antenna, transducer, and radome to cut or invest. It provides detailed expectations of growth rates and projected total expenditure.
It throws light upon the leading competitors in the global Antenna, Transducer, And Radome Markets and apart from the general overview of the companies, it also focuses on their financial positions, key products, and markets.
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