Aircraft Antenna Market to Witness Mounting Growth in Approaching Time
October 28, 2021
Stratview Research has recently published a report on Aircraft Antenna Market segmented by Size, Share, Trend, Forecast, & Competitive Analysis: 2020-2025. The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Aircraft Antenna’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.
Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.
Covid-19 Analysis -
Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Aircraft Antenna market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.
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Segment-wise analysis
The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.
Based on the application type, the market is segmented as communication, and navigation & surveillance. The navigation & surveillance segment was estimated to account for the largest share of the market in 2018. The growth of this segment can be ascribed to the rise in bandwidth and the usage of high frequencies for navigation & surveillance by aircraft.
In terms of regions, the North American region was anticipated to be the largest market for aircraft antenna in 2018. Further, the aircraft antenna market is expected to register significant growth in the Asia-Pacific region in the coming five years owing to the rising aviation passenger traffic and the consequent claim for new commercial aircraft. The growing demand for next-generation advanced aircraft antennas from the emerging economies is also estimated to bolster the growth of the Asia-Pacific’s aircraft antenna market during the forecast period. Countries such as China, Brazil, and India have an enormous growth potential for the aircraft antenna market, as governments of these countries have paced up their defense expenditure to boost their civil & commercial and military aircraft fleet.
Market Insights
Aircraft antenna market is likely to witness an impressive CAGR of 7.2% during the forecast period. The rising demand for durable and competent aircraft antennas and the growing number of aircraft deliveries are expected to underpin the growth of the global aircraft antenna market. Further, the upsurge in the application of unmanned aerial vehicles in the military sector for critical defense missions and rescue operations is further expected to bolster the aircraft antenna market in the emerging economies.
Key Players in the Aircraft Antenna Market
The following are the key players in the Aircraft Antenna market.
- Antcom Corporation
- The Boeing Company
- Cobham plc
- Harris Corporation
- Honeywell International Inc.
- Sensor Systems Inc.
- TECOM Group.
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