Military Antenna Market to Witness Mounting Growth in Approaching Time

September 21, 2023

September 21^st,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 growing transformation of military equipment joined with the boost in legacy systems around the world.
• The rise in defense expenditure, increasing border disputes, technological advancements, and increasing adoption of advanced warfare techniques.
• High initial costs and economic instability in developed regions are the major restraints to the market worldwide.
• Increasing demand for surveillance systems and growth in the requirement for better border security.
• Growing military expenditure in developed and developing nations, such as Germany, Europe, the US, Japan, China, and India.
• An expansion in defense and military spending is estimated to boost the adoption of advanced technologies in the military sector.

The Military antenna Market is segmented by–

• By Type (Aperture Antenna, Array Antennas, Dipole Antennas, Loop Antennas, Monopole Antennas, and Traveling Wave Antennas), 
• By Platform (Airborne, Marine, and Ground), 
• By Application (Surveillance, Electronic Warfare, Navigation, Communication, Satcom and Telemetry), 
• By Frequency Band (High Frequency (HF), Very High Frequency (VHF), Ultra-High Frequency (UHF), Super High Frequency (SHF) and Extremely High Frequency (EHF)),
• By Region (North America, Europe, Asia-Pacific, and Rest of the World).

Key Players:

• Airbus (Netherlands)
• General Dynamics (US)
• Honeywell International Inc. (US)
• L3Harris Technologies (US)
• Maxar Technologies (US)

Regional analysis:

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.

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Author : Emily