The Global Military Antenna Market is projected to reach a value of over USD 5.6 billion by 2027 at a CAGR of around 5.5%.
An antennas is refer to a device, which helps to receive and transmits electrical signal. Whereas, the military antennas is being used in military aircraft, naval vessels, armored vehicles, as well as in the aircraft to provide enhance surveillance and accurate tracking. Moreover, in the military, microwave antennas help to manage various forms of line-of-sight communication. Also, with the rising security concern as well as the development of the military equipment and advancement in technological growth for the battle equipment, lead to boost the demand of the high frequency military aircraft in defense and military sector.
Hence, the military antennas help to provide an accurate tracking, security & surveillance, ground mapping, for the security of military system.
Market Driver:
With the growing in terrorist activities is witness to boost the growth of the market in the forecast period. Whereas, the government across the different countries is rising their defense budgets as well as developing and modernizing the defense sector. According to the Stockholm International Peace Research Institute, in 2019 the global military expenditure has been increased more than 3% as compare to 2018.
Hence, the increasing in the terrorist activities on the borders have lead the government of the countries such as China and India to boost their security as well as tracking capabilities. Moreover, the India is excepted to invest more than 100 Billion in the coming 5 to 7 years to enhance the armed force as well as to improve its combat capabilities. These will lead to fuel the growth of the military antenna market in the forecast period.
Market Restraints:
One of the major key concern of the market is AI market is the heavy cost associate with R&D of military antenna which may hamper the market growth. Whereas, with the growing technological advancement in the field of defense equipment, where the antenna also need to be develop for its compatibility with other equipment. Moreover, the heavy cost associated by research and development of the technology in antenna due to the complexity and development of antenna.
Hence, the integration, development and maintenance of the system also lead to create heavy cost of investment. These is one of the major factor which may slow down the growth of the market in the projected period.
The report on the military antenna market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
|
Report Features |
Specifics |
|---|---|
|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
|
Base Year for Market Calculation |
2020 |
|
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
|
Measured Units |
Value (USD Million) |
|
Segments Included |
Type, Frequency Band, Platform, Application, and Region |
|
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Military Antenna Market, by Type
Military Antenna Market, by Frequency Band
Military Antenna Market, by Platform
Military Antenna Market, by Application
Military Antenna Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE MILITARY ANTENNA MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
