Antenna, Transducer, And Radome Market Is Booming Worldwide To Show Significant Growth Over The Forecast 2023 To 2032
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COVID-19 Impact Analysis:
Government across the all the major countries have announced a lockdown resulting in the halt in business. This has led to disruption in manufacturing of defense equipment. Moreover, many countries have reduced their defense budget affecting the demand for antenna, transducer, and radome due to decline in economy and major focus on the health budget. Furthermore, due lockdown there was unavailability of raw materials required for manufacturing of antenna, transducer, and radome. Furthermore, due to social distancing & travelling restriction norms, there was labor unavailability required for manufacturing of antenna, transducer, and radome systems. Defense is a developing sector which had a slight setback due to the pandemic, but it is expected to recover and drive the antenna, transducer, and radome market post-pandemic.
Top Impacting Factors
Rise in demand for technologically advanced ATR, increase in military budget worldwide, and surge in air traffic management activities is expected to drive growth of the market.
Lack of experienced & skilled labor and high installation & maintenance cost of radome can hamper growth of the market.
Rise in demand for new composites, increase in demand of ATR due to terrorist attacks, and rise in replacement & up-gradation of ATR act as an opportunity for market growth.
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Market Trends
Lack of Experienced & Skilled Labor
ATR system requires the integration of advanced technology-based components such as antenna or radome that improves the overall system performance and efficiency. Moreover, the maintenance cost of this system is high therefore, experienced, and skilled labor is necessary to operate the ATR system. Thus, the unavailability of experienced & skilled labor hinders the growth of the antenna, transducer, and radome market.
Key Benefits of the Report:
This study presents the analytical depiction of the antenna, transducer, and radome market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the antenna, transducer, and radome market.
The current market is quantitatively analyzed to highlight the growth scenario of the antenna, transducer, and radome market.
The report provides detailed antenna, transducer, and radome market analysis based on competitive intensity and the competition that will take shape in coming years.
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Key Market Players:-
Honeywell International Inc
Exelixis Inc
Lockheed Martin Corporation
L3Harris Technologies Inc
Finmeccanica SpA
Cobham Plc
Thales S.A
Raytheon Technologies Corporation
QinetiQ Group PLC
BAE Systems PLC
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