Military Antenna Market was Valued at CAGR 8.76% in 2023 and is Anticipated to Reach USD 6.61 Million by 2029 | Top Players Like Antcom Corporation (U.S.),Cobham Advance Electronic Solutions (U.K.),Comrod Communication AS (Norway)

The military antenna market size was USD 3.3 billion in 2021. The market size is expected to rise from USD 3.7 billion in 2022 to USD 6.6 billion by 2029 at a CAGR of 8.76% during the projected period. Fortune Business Insights™ publishes this information in a report titled, "Military Antenna Market, 2022-2029". The market is anticipated to rise during the forecast period due to increasing technological advancements in smart antennas and the adoption of developed equipment instead of conventional equipment.

𝐆𝐞𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐀𝐧𝐭𝐞𝐧𝐧𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/military-antenna-market-101824

𝐑𝐮𝐬𝐬𝐢𝐚-𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐖𝐚𝐫 𝐈𝐦𝐩𝐚𝐜𝐭:

The current Russia-Ukraine war crisis altered the dynamics of the European defense industry in 2022. Approximately 25 nations planned to support the Ukraine war crisis. These countries provide support in terms of weaponry support, finance, special military operations, and others. The European and NATO countries provide ammunition, ground surveillance radars, firefinder weapons, and other systems into western Ukraine via Poland. Thus, rise in demand for military antenna has been observed in recent times. These factors are expected to surge the product demand for the satellite communication and defense sector.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:

The report provides complete information about recent developments and trends in the industry. Also, drivers and restraints affect market development and global expansion. Furthermore, the impact of the Russia-Ukraine war crisis and COVID-19 pandemic is highlighted in this report. A list of prominent players in the market is given, along with the companies' recent launches and business growth strategies. Furthermore, regional market insights are provided with statistical data and factual information about the market.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

Antcom Corporation (U.S.)
Cobham Advance Electronic Solutions (U.K)
Comrod Communication AS (Norway)
Eylex Pty Ltd. (Australia)
Hascall-Denke (U.S.)
L3Harris Technologies Ltd. (U.S.)
Lockheed Martin Corporation (U.S.)
MTI Wireless Edge Ltd. (Israel)
Raytheon Technologies Corporation (U.S.)
Rohde & Schwarz GmbH & Co KG (Germany)
Terma A/S (Denmark)
Drivers & Restraints:

𝐑𝐢𝐬𝐢𝐧𝐠 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐁𝐨𝐥𝐬𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡:

The market is projected to grow significantly during the forecast period due to rising demand for replacing conventional equipment with technically advanced equipment. Also, there are government initiatives to modernize military programs and develop border security by strengthening satellite communication activities. Thus, satellite communication equipment demand is surging due to increasing space exploration programs. These factors are anticipated to ensure the global military antenna market growth in the coming years.

However, high costs associated with the R&D of military antenna is likely to hinder the market growth.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:

https://www.fortunebusinessinsights.com/enquiry/queries/military-antenna-market-101824

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

Ground Military Antennas Dominates Market Due to Rising Border Security Issues

By frequency, the market is divided into high frequency, ultra-high frequency, super high frequency, and extremely high frequency.

Based on type, the market is segmented into dipole antenna, aperture antenna, traveling wave antenna, loop antenna, and array antenna.

On the basis of application, the market is segregated into communication, surveillance, SATCOM, electronic warfare, and telemetry.

According to platform, the market is trifurcated into airborne, marine, and ground.

Geographically, the market share is categorized into North America, Europe, Asia Pacific, and the rest of the world.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

North America Holds Prominent Market Share Due to Dominant Defense Industry

North America holds the highest global military antenna market share during the forecast period due to military dominance in the U.S. Also, rising investment in the defense sector is expected to drive the regional market. The regional market stood at USD 1.25 billion in 2021.

Europe is expected to hold the second-highest global market share due to the adoption of technological advancements in the industry. Also, European countries support Ukraine, which aids in increased product demand in the defense sector.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Long-Term Contracts Allow Key Players to Propel Growth

The key market players focus on forming strategic alliances, partnerships, mergers, and acquisitions to expand their business in segmented regions. Also, implementing innovative product development strategies allow companies to enhance their product portfolio and attract global customers.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

November 2021: L3Harris Technologies, Inc. received a USD 125 million multi-year contract to produce space electronic warfare and adverse communication systems that safeguard the U.S. military operations and warfighters.

𝐓𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞:

https://www.fortunebusinessinsights.com/checkout-page/101824

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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This release was published on openPR.