ATR Market to Witness the Highest Growth in North America Region

1
Transducer, and Radome Market to the Highest
Antenna, Witness Region
Growth in North America
According to a research report "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, the global ATR
market size is projected to grow from USD 9.1
billion in 2020 to USD 16.0 billion by 2025, at a
CAGR of 11.9 from 2020 to 2025. The growth of
the market can be attributed to the growing
trend of automation in flight control and
increase in defense expenditure and RD
activities to develop ATR, capable of
withstanding harsh conditions and providing
long-range capabilities at low power
consumption. Browse 230 market data Tables and 59
Figures spread through 259 Pages and in- depth
TOC on "Antenna, Transducer, and Radome Market -
Global Forecast to 2025" Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id58948192 The ATR market includes major
players Raytheon Technologies Corporation (US),
Honeywell International Inc. (US), L3Harris
Technologies Inc. (US), Lockheed Martin
Corporation (US), and Cobham Plc (UK). These
players have spread their business across various
countries includes North America, Europe, Asia
Pacific, Middle East, Africa, and South America.
COVID-19 has impacted their businesses as well.
Industry experts believe that COVID-19 could
affect ATR production and services by 2530
globally in 2020. Based on product type, the
antenna transducers segment is expected to
dominate the antenna, transducer, and radome
market. Based on product, the ATR market is
segmented into antenna transducer and radome.
Since the First World War, the market for
antennas transducers, and
2
radomes have started to grow remarkably,
but the real transformation of these systems
witnessed low levels of alteration in terms of
technological development. Based on technology,
the radar segment is expected to dominate the
antenna, transducer, and radome market. 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. Similarly, growth of
sonar segment is mainly attributed to the growing
usage of antennas in sonar system, especially in
naval applications. 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 Latin America. In 2020, 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 from 2020 to 2025. This growth is
mainly attributed to the increasing fleet size
and modernization of military programs. Key
Market Players Raytheon Technologies Corporation
(US), Honeywell International Inc. (US), L3Harris
Technologies Inc. (US), Lockheed Martin
Corporation (US), and Cobham Plc (UK) are some of
the leading players operating in the ATR market
report. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id58948192
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints
around revenues decisions. MarketsandMarketss
flagship competitive intelligence and market
research platform, "Knowledgestore" connects over
200,000 markets and entire value chains for deeper
3
understanding of the unmet insights along with
market sizing and forecasts of niche
markets. Contact Mr.Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441