September 21st,2023 -- This new report from Stratview Research analyses the Military antenna Market over the trend period from 2017 to 2021 and the forecast period from 2023 to 2022. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.
Military Antenna Market Overview:
The Military antenna Market is estimated to grow from US$ 3.93 Billion in 2022 to US$ 5.53 Billion by 2028 at a CAGR of 5.81% during the forecast period. The market is driven by a host of factors such as
The Military antenna Market is segmented by–
North America dominated the market with a significant share in 2022 and is likely to maintain its supremacy in the market throughout the forecast period. The high military investment by the United States government is expected to facilitate the adoption of military antennae in the defense sector of the US, which in turn is expected to contribute to the growth of the market in the North American region over the forecast period.
Concurrently, Asia Pacific is expected to witness the fastest growth in the market during the forecast period. The key factors responsible for the swift growth are the continuous up-gradation in the military and defense sector by upgrading warfare platform technologies. Major countries, including China, India, and Japan are investing a huge amount in the up-gradation and advancement of the military sector by introducing advanced communication devices and related platforms in defense.
About Stratview Research
Stratview Research is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
The market is estimated to grow from US$ 3.93 Billion in 2022 to US$ 5.53 Billion by 2028.
Asia Pacific is expected to witness the fastest growth in the market during the forecast period.