PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1537742
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1537742
The military antenna market is projected to reach USD 5.6 billion by 2029, from USD 4.5 billion in 2024, at a CAGR of 4.6% from 2024 to 2029. The military antenna volume data is projected to grow from 146,432 units in 2024 to 183,921 units by 2029. The rising demand for military antennas in maritime use, and increasing demand for customized communication-on-the-move solutions for unmanned ground vehicles are factors to drive the market. However, the High costs associated with the development and maintenance of infrastructure to support military antennas are restraining the military antenna market.
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | By Component, Platform, Technology, Frequency Band, Application, Point of Sale, and Region |
Regions covered | North America, Europe, APAC, RoW |
Currently, North America is the most developed market for military antennas, with the US registering the highest growth. During the forecast period, the market is also projected to witness significant growth in North America and Middle East. However, radio spectrum availability issues and the lack of a qualified workforce are key challenges affecting the growth of the military antenna market.
"Reflectors Component segment to lead the market in 2024"
The reflectors component segment is expected to dominate the market because of their critical role in enhancing antenna performance. Reflectors are integrated into antenna assemblies to adjust the radiation pattern, which helps improve signal gain in specific directions. This enhancement is crucial for achieving more precise and stronger signal transmission. Recognizing their importance, many manufacturers are concentrating on refining reflector designs. Their goal is to not only boost performance but also reduce assembly time, making the production process more efficient. This focus on innovation and efficiency is driving the prominence of the reflectors component segment in the market..
"Super High Frequency segment to grow at highest CAGR during the forecast period"
The Super High Frequency (SHF) antennas are well-suited for applications that require high frequency and precise directionality. These features make them perfect for a range of advanced communication technologies, such as satellite communications, radar systems, and terrestrial microwave links. By operating at high frequencies, SHF antennas are able to transmit and receive signals with great accuracy and reliability, ensuring that communication channels remain robust and dependable. As a result, the SHF segment is experiencing rapid growth, driven by its effectiveness in meeting the demanding requirements of these cutting-edge applications..
" The North America region is forecasted to grow at the fastest rate during the forecast period"
The North American region is anticipated to experience the quickest growth over the forecast period. This rapid expansion is largely attributed to the rising demand for advanced surveillance systems and radar technologies from the defense forces across various countries in the region. As military and defense organizations increasingly invest in these sophisticated systems to enhance their capabilities, the market for military antennas in North America is expected to see significant growth. The focus on improving national security and modernizing defense infrastructure is driving this upward trend, making North America a key player in the military antenna market.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the authentication and brand protection marketplace.
L3Harris Technologies, Inc. (US), RTX (US), BAE Systems (UK), Thales (France), and Honeywell International Inc. (US) are some of the leading players operating in the military antenna market.
Research Coverage
The study covers the military antenna market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their solutions and business offerings, recent developments undertaken by them, and key market strategies adopted by them.
Key benefits of buying this report: This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall military antenna market and its subsegments. The report covers the entire ecosystem of the military antenna market. It will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.