Different types of early warning devices are used in the military operations. These devices help keeping a track of the possible activities in the enemy territory and also help the troops and surveillance systems to be prepared for inadvertent attacks. They also warn about impending problems within the security surveillance systems. Antenna, transducer and radome are often used as early warning devices. These devices spot approaching enemies, missile attacks, and other airborne systems approaching near them. This detection takes place through receiving and transmitting signals. They protect the radars and can also be used for underwater screening. The global antenna, transducer and radome market is making significant progress since the past few years, mainly because of the growing awareness and the demand driven by the same.
Driving Forces behind Transducer and Radome Antenna Industry
Radio antennas, transducer antennas and radome enclosures (radar + dome) have significant contribution when it comes to military operations. In the modern day warfare, these devices play critical role in the process of surveillance, warning, screening and detection. They spot the approaching enemy airborne systems and are also suitable for underwater screening. Early detection is extremely vital for successful defense, which contributes to the rising demand in the antenna, transducer and radome market. Several vital factors driving this industry include the long range early warning abilities, underwater screening, airborne surveillance, and integration in various platforms of combat warfare.
Segments and Forecasts
The global antenna, transducer and radome market is categorized on the basis of the types of products, which include communications, sonar and radar, along with radome, antenna, and transducer systems. The industry is further segmented on the basis of the technologies and demand recorded across different geographic regions as well. Vital geographic regions including key countries and essential contributor in these regions are analyzed to understand the basic trends, drivers, threats and opportunities in this industry on global scale. According to this analysis, the global industry is expected to maintain healthy growth in the next four to five years.
From the year 2014 to 2020, the global antenna, transducer and radome market is poised to grow at a CAGR of over 6% to reach $25.5 billion by the end of the year 2020. As of the year 2014, the industry is worth $17.7 billion in 2014. The global market is strongly driven by North America. However, emerging markets are expected to witness healthy growth rate during the forecasting period, thanks to the rising demand, increasing government concerns and strengthening military and defense departments. Technological advancements are also expected to play a major role in these developments.