The global military antenna market size is projected to reach USD 5.78 billion by the end of 2027. The rising military budget allocations will create several growth opportunities for the companies operating in the market. According to a report published by Fortune Business Insights, titled “Military Antenna Market Size, Share & Industry Analysis, By Frequency (High, Ultra-High, Super High, and Extremely High Frequency), By Type (Dipole, Aperture, Travelling Wave, Loop, and Array Antenna), By Platform (Airborne, Marine, and Ground), By Application (Communication, Surveillance, SATCOM, Electronic Warfare, and Telemetry), and Regional Forecast, 2020-2027,” the market was worth USD 4.89 billion in 2019 and will exhibit a CAGR of 8.61% during the forecast period, 2020-2027.
Coronavirus Outbreak has Compelled Several Countries to Prioritize Healthcare Budgets over Defense
The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across several countries have decided to allocate more budgets to the healthcare sector than the defense sector. The constant research and development activities to minimize the spread of the disease as well as development efficient treatment options, has influenced this decision. As a result, the reductions in budget allocations for military and defense applications will have an adverse effect on the growth of the military antenna market in the coming years.
Military antennas are used in several communication applications in the military and defense sector. A military antenna system is used to convert radio frequency waves into alternating current and vice versa for receiving and transmission process. The massive investments in the development and deployment of efficient military antennas are consequential to the degree of sensitivity and risks involved with the communication in this sector. Accounting to this, the military organizations of several countries across the world are looking to collaborate with tech-companies. It is observed that company mergers and collaborations are an increasing trend among major companies across the world. The increasing number of company collaborations will subsequently affect the growth of the overall market in the coming years. Additionally, the rising awareness regarding the importance of integrating high-quality products and devices in military applications will bode well for market growth.
Request a Sample Report: https://www.fortunebusinessinsights.com/industry-reports/military-antenna-market-101824
Increasing Number of Company Mergers and Acquisitions will Aid Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the growth of the overall market in recent years. Accounting to the massive investments in technological intervention by several companies, defense organizations are looking to collaborate with these tech companies. In May 2020, Raytheon Technologies announced that it has bagged a contract from the US Navy for development and assembly of planar antennas. Through this contract, the company will assemble planar array antennas as well as develop spare parts for the same. The company will also provide assistance for engineering related issues; a factor that will come under the repair and maintenance part. This collaboration will not just help the company generate huge revenue, but will also have a direct impact on the growth of the global market.
North America Likely to Emerge Dominant; Increasing Defense Expenditure will Provide Impetus to Market Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The rising defense budget allocations, especially in the United States, have made a positive impact on the growth of the regional market. Additionally, the presence of several large scale tech-companies involved in manufacturing of military antennas will constitute an increase in the overall market size. As of 2019, the market in North America was worth USD 1.84 billion and this value will rise considerably in the coming years. The market in Asia Pacific will derive growth from the rising defense spending by leading countries such as India and China.
List of companies profiled in the report:
- Antcom Corporation (California, the U.S.)
- Cobham PLC (Wimborne Minster, The U.K)
- Comrod Communication AS (Stavanger, Norway)
- Eylex Pty Ltd. (New South Wales, Australia)
- Hascall-Denke (Florida, The U.S.)
- L3Harris Technologies Ltd. (Florida, The U.S.)
- Lockheed Martin Corporation (Maryland, The U.S.)
- MTI Wireless Edge Ltd. (Israel)
- Raytheon Technologies (Connecticut, The U.S.)
- Rohde & Schwarz GmbH & Co KG (Munich, Germany)
- Terma A/S (Aarhus Municipality, Denmark)
- Other Players
This Report Answers the Following Questions:
- What are the plastic compounding market trends?
- How many growth drivers and barriers will the market possess?
- Which organizations are set to remain on top in the market?
- What are the strategies adopted by industry giants to strengthen their position?
- Which segment is set to dominate the market during the forthcoming years?
To get the short-term and long-term impact of COVID-19 on this Market, Visit: https://www.fortunebusinessinsights.com/industry-reports/military-antenna-market-101824
Military Antenna Market report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth
Industry Developments:
May 2020 –Isotropic Systems announced that it has bagged a contract for evaluation & development of antenna by the U.S. Defense Innovation Unit. Through this contract, the company will focus on the delivery of low-profile, affordable, high performance, and customizable antenna to support multiple links over multiple bands of satellite capacity, including S, C, Ka, Ku, X, and Q-band connectivity.
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/military-antenna-market-101824
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/military-antenna-market-9465
