The global military antenna market size is expected to gain momentum by reaching USD 6.28 billion by 2028 while exhibiting a CAGR of 9.52% between 2021 and 2028. This information is published by Fortune Business Insights in its report titled “Military Antenna Market Size, Share & COVID-19 Impact Analysis, By Frequency (High, Ultra-High, Super High, and Extremely High Frequency), By Type (Dipole, Aperture, Travelling Wave, Loop, and Array Antenna), By Platform (Airborne, Marine, and Ground), By Application (Communication, Surveillance, SATCOM, Electronic Warfare, and Telemetry), and Regional Forecast, 2021-2028.” The report further mentions that the market stood at USD 3.25 billion in 2020. Factors such as the rising military expenditure and the growing cross-border disputes are anticipated to propel the demand for the product during the forecast period.
Increase In Demand: From 3.25 billion USD In 2020, The “Military Antenna Market” 2021 will register a 9.52% CAGR in terms of revenue Over the next five years and the global Market Size will reach USD 6.28 billion by 2028, Increasing demand for Military Antenna from various end-user industries including Application 1, Airborne, Marine, Ground is expected to drive the consumption of Military Antenna Market during the forecast period. The Research Report provides Key analysis on the market status of the Military Antenna manufacturers with best facts and figures, meaning, definition, SWOT analysis, expert opinions and the latest developments across the globe, The Report is spread through 200 Pages and also calculate the market size, Sales, Price, Revenue, Gross Margin and Market Share, cost structure, growth rate and Browse Data Tables and Figures with in-depth TOC on Military Antenna Market.
The Impact of COVID-19 on the global Military Antenna market:
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in import and export activities of Military Antenna.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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These Players adopted different strategies so as to hold major Industry share, Some of the Top Key Players In Military Antenna industry includes:
- Antcom (California, the U.S.)
- Cobham Limited (Wimborne Minster, The U.K)
- Comrod Communication AS (Stavanger, Norway)
- Eylex Pty Ltd. (New South Wales, Australia)
- Hascall-Denke (Florida, The U.S.)
- L3Harris Technologies Inc. (Florida, The U.S.)
- Lockheed Martin Corporation (Maryland, The U.S.)
- MTI Wireless Edge Ltd. (Israel)
- Raytheon Technologies Corporation (Connecticut, The U.S.)
- Rohde & Schwarz (Munich, Germany)
- TERMA (Aarhus Municipality, Denmark)
What does the Report Include?
The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.
Short Description About Military Antenna Market 2021:
An antenna is the interface between radio waves propagating through space and electric currents moving in metal conductors, used with a transmitter or receiver.
Scope Of the Military Antenna Market:
In 2021, The Global Military Antenna market size is projected to reach USD 6.28 Billion by 2028, from USD 3.25 billion in 2020, at a CAGR of 9.52% during 2021-2028.
Rising Cross Border Disputes to Augment Growth
The rising border disputes have led the governments of several countries to strengthen their surveillance, security, and tracking capabilities. For instance, China and Japan are at loggerheads with the border issue involving parts of the South China Sea consisting of the Ryukyu Islands and Senkaku Islands. The need to ensure reliable communication and the increasing focus on strengthening the military might by countries globally will propel the adoption of the product. This, coupled with the growing military expenditures, is expected to favor the global military antenna market growth during the forecast period.
Based on frequency, the market is divided into high frequency, ultra-high frequency, super high frequency, and extremely high frequency. On the basis of type, the market is segmented into dipole antenna, aperture antenna, traveling wave antenna, loop antenna, and array antenna. Moreover, based on platform, the market is trifurcated into airborne, marine, and ground.
On the basis of the platform, the ground segment held a global military antenna market share of about 44.86% in terms of revenue in the forthcoming years. The segment is anticipated to experience exponential growth backed by the growing focus on the modernization of existing military equipment that is boosting the adoption of advanced military antennas for ground operations globally.
Lastly, based on the region, the market is classified into North America, Latin America, Asia-Pacific, the Middle East and Africa, and Europe.
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North America – The region is expected to hold the highest position in the market in the forthcoming years. This is attributable to the presence of prominent manufacturers in the region and the growing focus on the modernization of military equipment that will propel the adoption of advanced military antennas in the region. North America stood at USD 1.22 billion in 2020.
Asia-Pacific – The market in the region is expected to gain traction backed by the increasing defense spending in countries such as India and China. According to the Center for Strategic & International Studies, in 2020, China spent around 1.268 trillion yuan in its defense budget, a 6.6% rise compared to the previous year.
Key Players Focus on Partnership to Intensify Industry Competition
The global market for military antenna is experiencing healthy competition among major companies. These companies are focusing on partnering with other industry players to expand their product portfolio and further gain a stronghold in the market. Moreover, other key players are leveraging the opportunities by adopting several organic and inorganic strategies during the forecast period.
Key questions answered in the report:
- What is the growth potential of the Military Antenna market?
• Which product segment will take the lion’s share?
• Which regional market will emerge as a pioneer in the years to come?
• Which application segment will experience strong growth?
• What growth opportunities might arise in the Military Antenna industry in the years to come?
• What are the most significant challenges that the Military Antenna market could face in the future?
• Who are the leading companies on the Military Antenna market?
• What are the main trends that are positively impacting the growth of the market?
• What growth strategies are the players considering to stay in the Military Antenna market?
Key Industry Development:
December 2020 – Raytheon Technologies Corporation secured a contract worth USD 90.2 million from the U.S. Navy. The contract is aimed at delivering 23 submarine high data rate antenna systems for the high-capacity communication of underwater vessels.
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