Dublin, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The "Military Antenna Market by Technology (Wire Antennas, Aperture Antennas, Reflector, Lens, Microstrip, Array Antennas), Application (Electronic Warfare, Navigation, Satcom, Telemetry), Frequency Band, Platform and Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global military antenna market is on the rise with projections indicating an increase from USD 4.5 billion in 2024 to USD 5.6 billion by 2029, achieving a Compound Annual Growth Rate (CAGR) of 4.6%
The volume of military antennas is expected to grow substantially, with a forecasted increase from 146,432 units in 2024 to 183,921 units by 2029. The growing demand for high-performance military antennas for maritime applications and the need for bespoke communication-on-the-move solutions for unmanned ground vehicles are significant factors fueling market growth.
Despite robust market expansion, the high cost associated with the development and ongoing maintenance of the infrastructure required to support military antennas is posing a challenge. Additionally, obstacles such as radio spectrum availability and the scarcity of qualified personnel are hampering the growth of the military antenna market.
Reflectors Component Segment to Lead Market
Reflectors components are poised to lead the market in 2024 due to their essential role in boosting antenna performance. The segment's dominance is underpinned by manufacturers' commitment to refining reflector designs to enhance signal direction and gain, resulting in more efficient production processes.
Super High Frequency Segment to Witness Rapid Growth
The Super High Frequency (SHF) antenna segment is projected to grow at the highest CAGR during the forecast period. SHF antennas are indispensable in high precision and directional communication applications, such as satellite communications and radar systems. Their reliable and precise signal transmission capabilities ensure robust communication channels, contributing to the segment's rapid growth.
North American Market Anticipated to Experience Accelerated Growth
North America is expected to witness the most rapid growth within the forecast period, a trend attributed to the increasing demand for sophisticated radar and surveillance systems by defense forces in the region. Enhanced national security priorities and defense infrastructure modernization efforts are key drivers of this growth, positioning North America as a critical market for military antennas.
Competitive Analysis and Market Dynamics
The report offers an in-depth competitive analysis of key market participants, examining their market strategies and recent developments. The study also assesses market shares and service offerings of these leading industry players. It encompasses an analysis of market dynamics, detailing key drivers including the adoption of electronically steered phased array antennas, increasing defense budgets in emerging countries, and challenges such as electromagnetic compatibility and design constraints.
This press release has presented an overview of the anticipated growth in the military antenna market by 2029, identifying core market segments poised for expansion, challenges faced, and the regions that are likely to experience significant development. With advancements in military communication technology and increased investment in defense infrastructure, the military antenna market is projected to continue on a trajectory of substantial growth over the next several years.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 302 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $4.5 Billion |
| Forecasted Market Value (USD) by 2029 | $5.6 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
Companies Featured
- L3Harris Technologies, Inc.
- Rtx
- Bae Systems
- Thales & Developments
- Honeywell International Inc.
- General Dynamics Corporation
- Cobham Satcom & Developments
- Saab Ab
- Viasat, Inc. & Developments
- Aselsan A.S.
- Gilat Satellite Networks
- Rohde & Schwarz & Developments
- Terma
- Norsat International Inc. & Developments
- Kymeta Corporation & Developments
- Nd Satcom GmbH
- Mvg
- Rami
- Micro-Ant LLC.
- Sat-Lite Technologies
- Datapath Inc.
- Hanwha Phasor
- Comrod Communication As
- Barker & Williamson
- Hascall-Denke
- Antcom
- Antenna Products Corporation
- Southwest Antennas
For more information about this report visit https://www.researchandmarkets.com/r/81wuvp
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