Military Antenna Market Size, Share, Trends and Forecast 2020-2026
Posted by Rushikesh Pise on January 16th, 2020
The global size is projected to reach USD 7.84 billion by 2026, thereby exhibiting a CAGR of 6.98% during the forecast period. However, the market was valued at USD 4.57 billion in 2018. Fortune Business Insights™ published this information in a recent report, titled, “Global Military Antenna Market Size, Share & Industry Analysis, By Frequency (High Frequency, Ultra-High Frequency, Super High Frequency, and Extremely High Frequency), By Type (Dipole Antennas, Aperture Antennas, Travelling Wave Antennas, Loop Antennas, and Array Antennas), By Platform (Airborne, Marine, and Ground), By Application (Communication, Surveillance, SATCOM, Electronic Warfare, and Telemetry), and Regional Forecast, 2019-2026.”
As per this report, the antennas are used for ground mapping to caution against aircraft and weapons. They are also used to maintain security and surveillance and for accurate tracking. These factors would increase the demand for the military antenna in the coming years.
The number of new contracts between the U.S. government and other prominent defense companies is increasing day by day owing to the requirement for up-gradation of military systems and equipment. This consists of adopting light weapons and tactical communication with radios. Besides, operational centers of movable tactics and novel field supplies are also included. Apart from that, these antennas are being used by numerous armed forces across the world. It is resulting in the increasing production rate, thereby propelling the Military Antenna Market growth.
Highlights of This Report
Details about the competitive landscape, such as new mergers, acquisitions, product launches, contracts, agreements, and joint ventures.
Ground Segment Will Dominate Stoked by its Ability to Adapt to Several Battlefield Situations
In terms of platform, the market is fragmented into ground, marine, and airborne. Out of these, the ground segment had acquired 44.66% Military Antenna Market share in 2018. It was considered to be one of the largest segments on account of the increasing utilization of ground military antennas in defense. These antennas aid in procuring situational awareness for the detection of threats. They further allow high bandwidth networking for handheld radios, security sensor systems, and airborne vehicles. Combined with this, they can adapt to various situations in the battlefield and are easy to deploy. Marine and airborne segments, on the other hand, are experiencing technological advancements.
North America to Lead: Rising R&D Activities to Develop Army Antennas Will Favor Growth
The market is geographically divided into Asia Pacific, Europe, the Middle East and Africa, Latin America, and North America. Amongst these regions, North America Military Antenna Market size was USD 1.77 billion in 2018. The region is expected to retain its dominant position throughout the forecast period. This growth is attributable to the rising research and development activities that are undertaken to develop new army antennas so that they are capable of handling harsh environmental conditions and undertake long-range function by consuming low power. Additionally, the increasing expenditure in defense is likely to augment market growth in this region.
The Asia Pacific, on the other hand, is expected to experience considerable growth in the coming years owing to the rising demand for military antennas from the emerging countries, namely, Japan, China, and India. These countries are also upsurging their military expenditure every year on account of the urgent need for innovative warfare techniques and battlefield management programs. It would accelerate the Military Antenna Market revenue in the near future in this region.
Companies present in the market are focusing on achieving new orders and entering into mergers and acquisitions to gain a competitive edge. Below are a couple of the key industry developments:
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About the AuthorRushikesh Pise
Joined: November 4th, 2019
Articles Posted: 81
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