The market size of the military antenna market is expected to hit 3.9 billion Dollars by the end of the year 2027. During the forecast period of 2019 to 2027, the military antenna market is expected to grow with a CAGR or Compound Annual Growth Rate of 5.9% according to expert analysts.
Military antennas are a communication tool that is being employed by militaries across the world and is rising in demand. They are rising in importance and are essential for tactical communication in the military. These antennas create a LAN or Local Area Network that is only accessed by the military. They are very safe and efficient in carrying out tactical military operations as they keep spies away. The growth of the market can be majorly attributed to the rising need of developing the defence industry to produce the most effective results.
Harris Corporation (U.S.), Cobham plc (U.K.), Comrod Communications AS (Norway), Terma A/S (Denmark), MTI Wireless Edge (Israel), Eylex Pty Ltd. (Australia), Cojot Oy (Finland), Raytheon Company (U.S.), Lockheed Martin Corporation (U.S.), Rohde & Schwarz (Germany), Barker and Williamson (U.S.), RAMI (U.S.) Market Segmentation
The market can be segmented on four bases. These are segmentation by end-user, application, frequency and type.
· On the grounds of application, the divisions are communication, navigation, electronic warfare and surveillance. The segment of electronic warfare is expected to have the fastest rate of growth in the projected period.
· On the grounds of End-User, the divisions are ground, marine and airborne. The segment of ground leads the market share distribution.
· On the grounds of frequency, the segments include ultra high frequency, very high frequency and high frequency. Out of these, the segment of ultra high frequency was the leading segment in the market share distribution. It is expected to continue growing in the projected period as well.
· On the grounds of types, the segments are array, monopole, dipole and others. Out of these segments, the segment observed to lead the market share is the array segment. It is going to grow at the fastest rate in the projected period.
On the basis of region, the segments are Europe, Africa, Latin America, Middle East and Asia Pacific. North America has led the market share previously and is expected to continue to dominate the Military Antenna Market in the projected period of 2019 to 2027. The growth of the market in North America is attributed to the dominance of the United States of America in military operations. This increased investments in testing and development. The budget for military expenditure has also increased. The market in Europe is the second leading market share after North America. This growth can be attributed to increasing investments by the government. There have also been technological advancements in the European region. After North America and Europe, the Asia Pacific region has led the market share distribution. This can be attributed to the rising demand in the countries of this region for antennas in military operations.
There are many main players in the industry for military antenna market are RAMI, Barker and Williamson, Rohde and Schwarz, Lockheed Martin Corporation, Raytheon Company, Cojot Oy, Eylex Pty Ltd., MTI Wireless Edge, Terma A/S, Comrod Communications AS, Cobham pic and Harris Corporation.
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