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Sunday, 14 April 2024
Thursday, 09 Nov 2023 12:00 am

Military Antenna Market is expected to reach US$ 5,298.16 million by 2030

[Research Report] The global military antenna market share is expected to grow from US$ 3,497.23 million in 2022 to US$ 5,298.16 million by 2030; it is estimated to reach at a CAGR of 5.3% from 2022 to 2030.

By The Insight Partners

According to our latest market study on "Military Antenna Market Forecast to 2030 – Global Analysis – by Type, Frequency, Platform, and Application," the market was valued at US$ 3,497.23 million in 2022 and is expected to reach US$ 5,298.16 million by 2030; it is anticipated to record a CAGR of 5.3% from 2022 to 2030.

The ultra-compact antennas are designed and fabricated to operate with the Ka-band high throughput satellites and support a data speed of 2 Mbps for communication device applications. The Ka-band high throughput satellites are being adopted in advanced defense communication and navigation systems. The ultra-compact antennas help integrate high satellites with ground-based communication systems efficiently. There is an increasing use of ultra-compact military antennas for maritime applications. The shipborne antennas are a major component in maritime satellite communication. These antennas are predominantly leveraged for secure communication in military operations that need advanced data exchange capabilities. Ultra-compact military antennas play a critical role in military operations and are utilized in several applications, such as ground-to-ground, ground-to-air, and satellite communications. Thus, the proliferation of ultra-compact antennas for modern defense communication systems is expected to create a lucrative opportunity for the military antenna market growth in the coming years.

Military Antenna Market Share — by Region, 2022

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00004610

Source: The Insight Partners Analysis

The US is leading the military antenna market across North America. The government’s focus on strengthening the country’s defense sector in terms of advanced navigation and communication systems, modern arms and military vehicles, vessels, and aircraft is growing. In 2020, the US invested US$ 778 billion in the military domain. In 2021, the US spent US$ 806.23 billion on defense activities, and in 2022 it reached approximately US$ 877 billion, which is ~40% of the world military expenditure. The increasing budget for defense expenditure indicates the country’s focus and emphasis on advancing the defense sector to meet the growing need for security. Southwest Antennas; L3Harris Technologies, Inc.; The Lockheed Martin Corporation; and RTX Corporation are a few of the key military antenna manufacturers in the US. Technological advancements in the field of communication and navigation systems in the defense sector are boosting the military antenna market share of the US.

The solution increases signal-pointing accuracy by enhancing the frequency of active antenna array components. In 2023, the US accounted for 13,300 units of military aircraft fleets. In 2023, the US accounted for 243 units of naval vessels, which are categorized into frigates, corvettes, destroyers, aircraft carriers, and submarines. Destroyers are leading in terms of the number of units. In addition, the US also has 67 units of naval vessels ordered to be commissioned in the coming years. The proliferation of naval vessels is one of the key opportunities for military antennas, which primarily help in establishing remote communication through signals and facilitate navigation. Thus, the rise in technological advancements and the need for modern equipment to manage the surveillance and security of the country is boosting the military antenna market growth in the US.

Thales SA, Comrod Communication AS, Eylex Pty Ltd, L3Harris Technologies Inc, Hascall-Denke Corp, Lockheed Martin Corp, MTI Wireless Edge Ltd, Raytheon Technologies Corp, Rohde & Schwarz GmbH & Co KG, and BAE Systems Plc are among the key military antenna market players profiled during this study. In addition, several other important military antenna market players have been studied and analyzed during the study to get a holistic view of the military antenna market and its ecosystem.

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