Global Aircraft Antenna Market expands with the increasing call for modernized antennas

Market overview:
The global Aircraft Antenna Market was calculated to be USD 203 billion in 2020, and it is foreseen that it will reach a valuation of USD 403 billion by 2025 at a CAGR of 14.7% during the outlook period.

Aircraft antennas are used by aircraft to navigate using radio frequencies and to control traffic or communicate with other aircraft. Aircraft and UAVs use a wide range of radio frequency antennas to communicate with ground traffic control and other nearby aircraft and to travel to destinations. Different sizes and types of aircraft antennas are available designed for different frequencies. Aircraft antennas are generally mounted on the top or bottom of an airplane. In addition, the adoption of aircraft antennas in military drones has increased significantly in recent years to optimally perform search and rescue operations.

Recent developments:
In July 2020, IL3harris Technologies entered into a $ 380 million Indefinite Delivery, Indefinite Amount (IDIQ) agreement with Canadian Commercial Corporation (CCC) for wescam mx series products and support.
(https://www.l3harris.com/newsroom/press-release/2020/04/89706/us-space-force-awards-l3harris-technologies-500-million-idiq-contract--for-anti-jam-satellite-communications-modem)

In April 2020, the US Space Force's Space and Missile Systems Center (SMC) awarded L3harris technology an indefinite delivery contract, indefinite amount (IDIQ) of $ 500 million for a communication mode jam-resistant satellite.
(https://www.businesswire.com/news/home/20200722005473/en/L3Harris-Technologies-Awarded-380-Million-IDIQ-Contract-for-WESCAM-MX%E2%84%A2-Series-Products-and-Support)

In April 2020, Cobham Aerospace signed an advanced anti-interference technology research agreement for the protection of navigation signals received by DE&S (Defense Equipment and Support) from UK MOD and Global Navigation Satellite Systems (GNSS).
(https://spacewatch.global/2020/04/cobham-secures-uk-mod-des-anti-jam-satellite-signal-contract/)

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Market Drivers and Restrains:
The increased use of unmanned aerial vehicles (UAVs) due to significant adoption of public safety appears to be one of the main reasons for the growth of the global market for aircraft antennas. Increasing passenger traffic in the commercial aviation industry and the need for a separate encrypted channel for communications in the military sector are accelerating investments in the development of advanced antennas that provide large and secure bandwidth. It is also leading the aircraft antenna market as demand for commercial and military drones increases. Aircraft original equipment manufacturers are constantly pushing antenna maker to develop robust antenna technology, increasing market revenue for them.

Sales of aircraft antennas are expected to increase in the coming years due to a surge in aircraft modification practices performed around the world. Additionally, aircraft original equipment manufacturers are experiencing significant demand for the latest aircraft, which is driving demand for aircraft antennas, catalyzing the market in the current scenario. This item offers surprising market opportunities for active players in the aircraft antenna market. The high cost associated with the development of new technologies related to aircraft antennas is a great challenge faced by the main players operating in the global aircraft antenna market, slowing down the overall business.

Report is segmented as:
The global market for aircraft antennas is segmented based on applications and end-users. Depending on the application, the global market for aircraft antennas can be divided into navigation, communications and surveillance. Depending on the end-user, the market for aircraft antennas can be segmented into commercial, defense and others. The commercial sector is more voluminous than the counterpart, so it is advisable to maintain a prominent participation.

Geographical Segmentation:
North America is expected to have the highest market share due to significant technological advancements in the region. Also, the increased adoption of aircraft antennas in commercial and military applications in the Asia Pacific region will help the region to grow at a significant rate in the global market during the outlook period. Countries like China, Brazil and India have enormous growth potential for the global aircraft antenna market. The governments of these countries are accelerating defense spending to increase civil, commercial and military aircraft.

Key market players:
Some of the key players in the market are Antcom, Cobham plc., McMurdo Group., Harris Corporation, Sensor Systems, Boeing, RAMI Aviation, Honeywell International Inc., AZIMUT and TECOM Industries, Inc.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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