The global military antenna market is growing continually, witnessing increasing deployments across aeronautical applications. Moreover, the rising demand for advanced communication technologies from the military sectors across the globe fosters the growth of the market. Additionally, factors such as the increase in procurement of military systems due to transnational disputes and increasing defense budgets accelerate the market growth.
According to Market Research Future (MRFR), the booming global military antenna market is expected to witness exponential traction by 2023, growing at around 6% CAGR during the review period (2018-2023). Defense authorities of countries across the world that are currently suffering massive losses due to territorial conflicts & disputes are focused on purchasing futuristic surveillance & electronic warfare systems.
This, as a result, is allowing the market to grow at a significant rate. Besides, the increasing numbers of terrorist activities worldwide create a huge demand for military antennas to enhance battlefield capabilities, accelerate market growth. Moreover, increasing usages of military antennas across military platforms is another major tailwind driving market growth. Increasing defense budgets provide lucrative growth opportunities for market players.
Additionally, complexities in military surveillance, navigation, and communication, influence the growth of the market. Other factors that substantiate the market growth include increased demand and the growing uptake of unmanned vehicles for inspection & monitoring in the military. On the flip side, the high cost associated with the development, deployment, and maintenance of military antennas is projected to obstruct the market growth during the analyzed period.
Global Military Antenna Market - Segments
The analysis is segmented into five market dynamics:-
Type : Dipole, Monopole, Array, and others.
Frequency : High frequency, Very high frequency, Ultra-high frequency.
Application : Surveillance, Electronic Warfare, Navigation, Communication, and others.
End User : Airborne, Marine, and Ground.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
Global Military Antenna Market - Regional Analysis
North America dominates the global military antenna market. The largest market share attributes to the presence of major military antenna manufacturers such as Harris Corporation, Lockheed Martin Corporation, and RAMI Company in the region. Besides, factors such as the high defense expenses and increasing demand for military antennas foster regional market growth. The US, Canada, and Mexico are projected to be major contributors to market growth during 2018- 2023. The North American military antenna market is estimated to retain its leading position in the global market throughout the assessment period.
Europe stands second in the global military antenna market due to the rising military expenditures. Moreover, factors such as the presence of strong defense sectors and notable players in the region boost market growth. Also, Increasing advances in technologies and improvements in satellite technologies foster the growth of the regional market. Growing adoption of advanced telecommunication technologies and military antenna systems in the region impacts the market growth positively. The European military antenna market is expected to demonstrate steady growth over the assessment period.
The Asia Pacific region is the fastest-growing market for military antenna systems, globally. Dramatically rising defense spending in the region and substantial R&D investments by the public & private sectors are the major driving force behind the growth of the market. Also, military antenna manufacturers in China and Japan with heir heavy investments made in the development of efficient technologies substantiate the regional market growth.
Simultaneously, the increasing deployments of advanced military antenna systems in the region act as a major tailwind supporting the growth of the market. The APAC military antenna market is estimated to emerge as a lucrative market over the forecast period.
Global Military Antenna Market - Competitive Landscape
Highly competitive, the global military antenna market appears fragmented with the presence of many well-established players. To gain a larger competitive share, players incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and technology/product launch. These players strive to provide industry-leading solutions for military applications such as surveillance, electronic warfare, navigation, communication, and others.
Major Players:
Players leading the global military antenna market are Cobham plc (UK), Harris Corporation (US), Comrod Communications AS (Norway), MTI Wireless Edge (Israel), Terma A/S (Denmark), Eylex Pty Ltd. (Australia), Raytheon Company (US), Cojot Oy (Finland), Lockheed Martin Corporation (US), Barker and Williamson (US), Rohde & Schwarz (Germany), and RAMI (US), among others.
Industry/Innovation/Related News:
April 30, 2020 --- ThinKom Solutions, Inc. (the US), a leading global provider of innovative, highly affordable compact broadband antenna & product solutions for aeronautical applications, announced that it has successfully completed antenna interoperability demonstrations on Ku-Band LEO satellite constellation. ThinKom conducted a series of interoperability tests that demonstrated the compatibility of its core antenna technology with a low-Earth orbit (LEO) satellite network.
ThinKom is known for its performance in the In-Flight Connectivity (IFC) antenna market. Ku- and Ka is ThinKom’s low-profile, high-throughput ThinAir antennas band, which is deployed on more than 1,400 commercial aircraft.
Full Report @ https://www.marketresearchfuture.com/reports/military-antenna-market-6882