Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5,000 Million | USD 8,000 Million | 7.5% | 2023 |
The global military antenna market size was evaluated at $5,000 million in 2023 and is slated to hit $8,000 million by the end of 2032 with a CAGR of nearly 7.5% between 2024 and 2032.
Military antennas are a special kind of communication equipment that is utilized by defense personnel in a slew of applications including surveillance and navigation. Furthermore, there are various kinds of military antennas, such as omnidirectional antennas, wideband antennas, satellite antennas, radar antennas, directional antennas, broadband antennas, tactical antennas, vehicle-mounted antennas, and man-pack antennas. These antennas are durable, designed for operating on a broader frequency range, and offer strong encryption & security.
Innovations in military expenditure and an increase in the funding of defense sector to boost global market trends
Technological breakthroughs and a rise in defense spending are set to spur the global military antenna market trends. Furthermore, the modernization of the Navy and Air Force is projected to scale up the expansion of the market globally. Swift expansion of defense activities and integration of the product with next-generation systems are projected to embellish the market growth across the globe. In addition, a humungous surge in the utility of satellite communications tools and upgrading of defense equipment is predicted to spearhead the expansion of the global market. Need for secured communications will uplift the global market expansion over the upcoming years.
Surging maintenance charges and costs of production can restrict the global industry surge by 2032
A rise in the maintenance and development costs of the product along with supply chain oscillations can hinder the growth of the global military antenna industry. Apparently, cyber-security issues and easy access to duplicate products can hinder the expansion of the industry globally.
An increase in the use of military satellites can open new avenues of growth for the global market over 2024-2032
A surge in the allocation of funds for the defense budget along with technological breakthroughs in military antennas will open new facets of growth for the global military antenna market. In addition to this, humungous demand for military satellite communications along with the surging requirement for drones will proliferate the size of the global market.
An increase in the prices of raw materials can slow down the growth of the global industry by 2032
Directionality as well as frequency variations and problems related to mobility, physical size, and weight of antennas can pose a humungous challenge to the growth of the global military antenna industry. Furthermore, a surge in raw component costs can shrink the upsurge in the global industry in the ensuing years.
The global military antenna market is divided into frequency, type, application, and region.
In terms of frequency, the military antenna market across the globe is bifurcated into high-frequency, super high-frequency, extremely high-frequency, and ultra-high frequency segments. Additionally, the high-frequency segment, which gained nearly 68% of the global market share in 2023, is expected to record the highest gains during the coming few years, subject to lower prices of high-frequency military antennae along with a surge in defense applications, including combat and surveillance.
Based on the type, the global military antenna industry is divided into array antenna, dipole antenna, traveling wave antenna, aperture antenna, and loop antenna segments. Furthermore, the array antenna segment, which accrued about two-thirds of the global industry earnings in 2023, is likely to account remarkably for the global industry share in the coming years and this can be a result of a surge in the remote sensing activities and use of the product in defense radars.
On the basis of application, the military antenna market is sectored into communication, electronic warfare, surveillance, telemetry, and SATCOM segments. Moreover, the electronic warfare segment, which led the segmental growth in 2023, is likely to retain its domination even during the analysis period owing to the escalating demand for new antenna tools and advanced defense radars.
Report Attributes | Report Details |
---|---|
Report Name | Military Antenna Market |
Market Size in 2023 | USD 5,000 Million |
Market Forecast in 2032 | USD 8,000 Million |
Growth Rate | CAGR of 7.5% |
Number of Pages | 220 |
Key Companies Covered | Antcom Corporation, L3Harris Technologies Ltd., Cobham Advanced Electronic Solutions, Hascall-Denke, Comrod Communication AS, Raytheon Technologies Corporation, Eylex Pty Ltd., MTI Wireless Edge Ltd., Lockheed Martin Corporation, Terma A/S., and others. |
Segments Covered | By Frequency, By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is prognosis to retain leadership status in the global market during 2024-2032
North America, which accounted for half of the global military antenna market share in 2023, is expected to establish a leading position in the global market in the forthcoming years. In addition to this, the regional market progression in the next eight years can be credited to the presence of key players in countries such as the U.S. Apart from this, rise in the manufacture of defense equipment and missiles along with an increase in the defense budget allocation is likely to boost the regional market trends. An increment in the funding of testing & development programs related to military antennae will spearhead the expansion of the market in North America.
The European military antenna industry is slated to record the highest gains annually in the coming eight years. The expansion of the industry in Europe can be attributed to surging awareness about high-tech antenna systems in countries such as Germany, the UK, France, Estonia, and Finland. Furthermore, the flourishing public sector and technological innovations along with the rise in the spending on defense activities will further uplift the expansion of the industry in Europe.
The global military antenna market profiles key players such as:
By Frequency
By Type
By Application
FrequentlyAsked Questions
Military antennas are special kind of communication equipment that is utilized by defense personnel in a slew of applications including surveillance and navigation.
The global military antenna market growth over the forecast period can be owing to a swift expansion of defense activities and integration of the product with next-generation systems.
According to a study, the global military antenna industry size was $5,000 million in 2023 and is projected to reach $8,000 million by the end of 2032.
The global military antenna market is anticipated to record a CAGR of nearly 7.5% from 2024 to 2032.
The European military antenna industry is set to register the fastest CAGR over the forecasting timeline owing to surging awareness about high-tech antenna systems in countries such as Germany, the UK, France, Estonia, and Finland. Furthermore, flourishing public sector and technological innovations along with rise in the spending on defense activities will further uplift the expansion of the industry in Europe.
The global military antenna market is led by players such as Antcom Corporation, L3Harris Technologies Ltd., Cobham Advanced Electronic Solutions, Hascall-Denke, Comrod Communication AS, Raytheon Technologies Corporation, Eylex Pty Ltd., MTI Wireless Edge Ltd., Lockheed Martin Corporation, and Terma A/S.
The global military antenna market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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