Antenna Transducer and Radome Market Size, Global Opportunities, Share, Growth, Industry Trends to 2027
Antenna Transducer and Radome Market will exhibit a CAGR of 10.2% between 2020 and 2027 and reach USD 16.73 by 2027, and the market value as per 2019 was USD 11.13 Billion. Fortune Business Insights™ in a recently published report, titled, “ Antenna, Transducer and Radome (ATR) Market Size , Share and Industry Analysis by Component (Antenna, Transducer, and Radome), By Technology (Radar, Communication and Sonar), By Application (Commercial, Defense, and Homeland Security), and Regional Forecast, 2020 – 2027.” Antenna Transducer and Radome Market Drivers and Restraint : Increasing Military Budgets Worldwide to Drive the Market According to a report by Stockholm International Peace Research Institute (SIPRI), overall global military expenditure has shot to $1,917 billion in 2019 that is a gradual increase of 3.6% from 2018. Additionally, the five largest spenders along with Saudi Arabia and Russia accounted for about 62% of the total expenditure. Furthermore, the United St