Pune, India, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The global military antenna market size was valued at USD 3.81 billion in 2022 and is projected to grow from USD 4.05 billion in 2023 to USD 6.71 billion by 2030, exhibiting a CAGR of 7.6% during the forecast period.
An antenna is a device that utilizes a transformer to convert radio frequency signals into alternating current. The global market is driven by two key factors: increased military expenditure and the adoption of multi-function radar systems. Fortune Business Insights presents this information in their report titled "Global Military Antenna Market, 2023–2030."
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List of Key Players Profiled in the Military Antenna Market Report:
- Antcom Corporation (U.S.)
- Cobham Advanced Electronic Solutions (U.K.)
- Comrod Communication AS (Norway)
- Eylex Pty Ltd. (Australia)
- Hascall-Denke (U.S.)
- L3Harris Technologies Ltd. (U.S.)
- Lockheed Martin Corporation (U.S.)
- MTI Wireless Edge Ltd. (Israel)
- Raytheon Technologies Corporation (U.S.)
- Rohde & Schwarz GmbH & Co KG (Germany)
- Terma A/S (Denmark)
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2023-2030 |
| Forecast CAGR | 7.6% |
| 2030 Value Projection | USD 6.71 Billion |
| Market Size in 2023 | USD 4.05 Billion |
| Historical Data | 2019-2021 |
| No. of Pages | 200 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
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| Regions Covered |
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| Military Antenna Market Growth Drivers | Rising Demand for Satellite Communication Equipment Due to Growing Space Exploration Programs Will Aid Market Growth |
| Significant Demand to Replace Conventional Equipment with Technologically Advanced Military Equipment Drives the Market Growth |
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Segments:
Lower Costs and Diverse Military Applications Propel High-Frequency Band-based Systems
Based on frequency, the market is classified into high frequency, ultra-high frequency, super high frequency, and extremely high frequency.
In 2022, the high-frequency segment played a significant role in driving the market growth of military antennas. This can be attributed to the relatively lower cost associated with high-frequency band-based systems and their various military applications, including surveillance and combat.
Rising Demand for Remote Sensing and Defense Radar Applications Fuels Array Antenna Segment Growth
Based on type, the market is segmented into slot antennas, dipole antennas, array antennas, traveling wave antennas, and loop antennas.
During the forecast period, the array antenna segment is projected to exhibit a substantial CAGR. This growth can be attributed to the rising demand for remote sensing and defense radar applications, which heavily rely on array antennas.
Airborne Segment Poised for Robust Growth due to Demand for Next-Gen Fighter Aircraft
Based on platform, the market is divided into ground, airborne, and marine. The airborne segment is expected to experience significant growth at a substantial CAGR during the forecast period in military antennas. This growth can be attributed to the rising demand for next-generation fighter aircraft equipped with advanced antenna-based systems, particularly in developed and emerging economies.
Rising Demand for Advanced Radar and Antenna Systems Drives Electronic Warfare Segment
By application, the market is categorized into SATCOM, communications, surveillance, electronic warfare, and telemetry. The electronic warfare segment is expected to exhibit significant CAGR during the forecast period. This growth is primarily driven by the increased demand for advanced military radar and antenna systems.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Russia-Ukraine War Impact:
Ukraine Crisis Spurs Massive NATO Military Equipment Influx
Russia possesses a substantial number of nuclear weapons, surpassing any other country. The conflict between Russia and Ukraine has had significant implications, leading to increased support from NATO member states, including the U.S., who provided substantial military equipment to Ukraine as a response to Russia's actions.
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Report Coverage:
This all-encompassing market research report provides an exhaustive evaluation, delving into crucial aspects such as prominent enterprises, diverse product categories, the surveillance electronic warfare sector, and the vital application of antennas in the electronic military surveillance system. Moreover, the report furnishes an insightful depiction of prevailing market trends and illuminates noteworthy advancements within the industry. Furthermore, it meticulously examines multiple factors that have exerted an influence on the military antenna market growth trajectory in recent times.
Drivers and Restraints:
Increasing Bandwidth Demand and Technological Advancements Drive Satellite Communication Needs
Satellite communications play a vital role in integrating existing communication and intelligence architectures by leveraging satellite-based systems. With increasing usage demands and rapid technological advancements, there has been a significant surge in the need for bandwidth to meet the growing requirements of communication systems.
However, the R&D, integration, and high maintenance expenses pose obstacles to military antenna market share.
Regional Insights:
North America to Lead with U.S. Military Dominance and Increased Defense Budgets
North America dominated the market in 2022. This growth can be attributed to factors such as U.S. military dominance, augmented investment in development and testing activities, and increased budget allocations for defense purposes.
Asia Pacific is projected to experience the highest CAGR driven by the increasing military expenditures by countries such as India and China.
Competitive Landscape:
Companies Pursue Technological Innovation and Government Partnerships for Market Success
The military antenna industry is characterized by fragmentation, with numerous companies involved in the design and construction of antennas. These companies strive to develop technologically advanced products and establish robust partnerships with governments in both developed and developing countries.
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Detailed Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Impact of COVID-19 Pandemic on Global Military Antenna Market
- Impact of Russia Ukraine War Analysis on Global Military Antenna Market
- Global Military Antenna Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Definitions
- Market Analysis, Insights and Forecast – By Frequency
- High Frequency
- Ultra-High Frequency
- Super High Frequency
- Extremely High Frequency
- Market Analysis, Insights and Forecast – By Type
- Dipole Antenna
- Aperture Antenna
- Travelling Wave Antenna
- Loop Antenna
- Array Antenna
- Market Analysis, Insights and Forecast – By Platform
- Airborne
- Marine
- Ground
- Market Analysis, Insights and Forecast – By Application
- Communication
- Surveillance
- SATCOM
- Electronic Warfare
- Telemetry
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia-pacific
- Rest of the world
- North America Military Antenna Market Analysis, Insights and Forecast, 2019-2030
- Market Analysis, Insights and Forecast – By Frequency
- High Frequency
- Ultra-High Frequency
- Super High Frequency
- Extremely High Frequency
- Market Analysis, Insights and Forecast – By Type
- Dipole Antenna
- Aperture Antenna
- Travelling Wave Antenna
- Loop Antenna
- Array Antenna
- Market Analysis, Insights and Forecast – By Frequency
TOC Continued...!
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Key Industry Development:
- November 2021 – L3Harris Technologies, Inc. received a USD 125 million multi-year contract to produce space electronic warfare and adverse communication systems that safeguard the U.S. military operations and warfighters.
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