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Military Antenna Market : Marine Platform to Grow at CAGR 7.0% During 2022 to 2031

03-09-2023 02:11 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

The global military antenna market was valued at $3.7 billion in 2021, and is projected to reach $6.7 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.

The concept of the military antenna is typically attributed to a military communication system in which the antenna is used as a device that uses a transducer to convert radio frequency into alternating electricity. It is integrated into machinery and other heavy equipment as they are alarms to stop running operations after detecting seismic vibration.

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The demand for antennas for aerial, maritime, and ground military operations has increased recently in India, the U.S., and China. For instance, in 2019, Gilat Satellite Networks Ltd, a worldwide leader in satellite networking technology, solutions, and services, and China Satellite Communications Co., Ltd. (China Satcom) announced a strategic partnership to jointly provide advanced satellite communication services for aero, land, and maritime fixed and mobility applications. Also, military across the world are strengthening their land-based mission capabilities as land-based forces are the largest in terms of personnel strength and operate the highest number of vehicles. For instance, in April 2021, L3Harris Technologies announced that its Falcon III AN/PRC-117G manpack radios were selected by the German Ministry of Defense for the German Army.

The factors such as the integration of military SATCOM in military communication, increase in use of electronically steered phased array antennas, and surge in demand for land-based communication systems supplement the growth of the military antenna market. However, limited bandwidth for communications and high costs associated with the development and maintenance of infrastructure are the factors expected to hamper the growth of the market. In addition, the replacement of conventional equipment with technologically advanced equipment and the rise in government expenditure for military applications creates market opportunities for the key players operating in the market.

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KEY FINDINGS OF THE STUDY :

By platform, the marine segment is projected to dominate the global military antenna market in terms of growth rate.
By application, the SATCOM segment is projected to dominate the global military antenna market in terms of growth rate.
By frequency, the extremely high frequency segment is projected to dominate the global military antenna market in terms of growth rate.
By end-use, the aftermarket segment is projected to dominate the global military antenna market in terms of growth rate.

The leading players operating in the military antenna market are Alaris Holdings, Amphenol Corporation, Antcom, Antenna Products Corporation, AVL Technologies, Inc., Barker & Williamson, Cobham Aerospace Communications, Comrod Communication AS., Eylex Pty Ltd., Hascall-Denke, L3Harris Technologies, Inc., Lockheed Martin Corporation, M.T.I Wireless Edge Ltd., Mobile Mark, Inc., Raytheon Technologies Corporation, Rohde & Schwarz, and Southwest Antennas.

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About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

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