Military Antenna Market Poised for Remarkable Growth, Set to Reach $5.2 Billion by 2028


Posted June 24, 2024 by sangamswami

Military Antenna Market by Type (Dipole Antennas, Monopole, Array, Loop, Aperture, Travelling Wave), Frequency Band (HF, VHF, UHF SHF, AND EHF), Component, Application, Platform, and Region -Global Forecast to 2028
 
The global Military Antenna Market has experienced robust growth, driven by the increasing need for advanced communication systems in defense operations. As of 2023, the market size was valued at approximately USD 3.5 billion and is projected to reach USD 5.2 billion by 2028. This growth represents a compound annual growth rate (CAGR) of 8.2% over the forecast period. The demand for secure, reliable, and versatile communication solutions is a key driver for this market expansion.

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Market Trends:

Phased-Array Antenna Systems: Phased-array antenna systems are gaining traction for naval and airborne platforms. Contracts, such as ThinKom Solutions' agreement with the US Navy, highlight the growing importance of these systems.
Ground Segment Dominance: The ground segment accounts for the largest market share, driven by the need for SATCOM capabilities in military operations.
Electronic Warfare Growth: The electronic warfare segment is projected to grow rapidly due to the incorporation of effective RF technology in various military applications.
Key Market Players:

L3Harris Technologies (US): L3Harris Technologies provides communication and information systems for both government and commercial markets. In May 2015, the company acquired Exelis Inc., a diversified top-tier global aerospace, defense, information, and services company.
Airbus (Netherlands): It is a leading provider of products, services, and solutions in three major segments: Airbus Commercial Aircraft, Airbus Helicopters, and Airbus Defence and Space.
General Dynamics (US): The company operates through four business segments: Information Systems & Technology, Aerospace, Marine Systems, and Combat Systems.
Maxar Technologies (US): The company operates through two segments: Earth Intelligence and Space Infrastructure. The Space Infrastructure segment provides advanced surveillance and intelligence solutions, defense and maritime systems, radar geospatial imagery, space robotics, satellite antennas, and communication subsystems.
Honeywell International Inc. (US): Honeywell International Inc. is a leading manufacturer and service provider of turbocharging, sensing & security technologies, integrated flight decks, displays, navigations & communication systems, and advanced materials.
These players focus on contracts and new product development to meet the rising demand for advanced military antenna products and expand into emerging markets.

The Military Antenna Market is expected to grow significantly due to ongoing technological advancements and strategic partnerships. The future focus will be on developing more efficient, lightweight, and multifunctional antennas to meet modern military operations' evolving demands.

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Issued By Sangam
Business Address Pune
Country India
Categories Aerospace , Defense
Tags military antenna market size , military antenna market share , military antenna market trends , military antenna market growth , military antenna market forecast , military antenna industry , military antenna , military antenna market
Last Updated June 24, 2024