Press release
Military Antenna Market Outlook 2029 Top Companies, Trends, Growth Factors Details by Regions, Types, and Applications | Companies Covered are Antcom Corporation (U.S.),Cobham Advance Electronic Solutions (U.K.),Comrod Communication AS (Norway)
Military Antenna Market
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A list of Key Manufacturers Operating in the Glode Military Antenna Market 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)
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.
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.
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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.
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.
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