Press Release-“Military Antenna Market to Reach Valuation of USD 4.4 Billion by 2028 –Rising Technology Advancements, And Growing Demand For High-Frequency Military Aircraft Drives the Market”
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“Military Antenna Market to Reach Valuation of USD 4.4 Billion by 2028 –Rising Technology Advancements, And Growing Demand For High-Frequency Military Aircraft Drives the Market”
In terms of revenue, the Global Military Antenna Market is expected to reach USD 4.4 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.30% from 2022 to 2028.
Rising technology advancements, growing demand for high-frequency military aircraft, and growing desire for cutting-edge fighting gear are all factors fueling the expansion of the Military Antenna Market. In addition, numerous states are presently investing heavily in modernization to improve the quality of their military gear and equip their armed forces with more cutting-edge technologies. The United States government, for instance, has modernized its military apparatus by employing such innovations as tactical radar systems, mobile tactics, and state-of-the-art Military Antenna Markets. Furthermore, increasing military spending and widespread use of surveillance systems are also contributing to the market's growth prospects.
Key Developments in the Industry:
· For communications-on-the-go (COTM) applications, ThinKom Solution Inc. successfully introduced a new Ka-band phased-array satellite antenna in March 2022. Governments and end users will be able to optimise mission-critical communications thanks to this new offering.
· The U.S. Navy awarded Raytheon Technologies a contract worth USD 1,300 million in December 2021. The company will create ESSM Block 2 anti-air missiles under the terms of this contract. This medium-range, semi-active homing missile uses radar to correct its course in flight. Semi-active homing and a warhead are both employed from an antenna protected by a radome.
· The U.S. Navy awarded Raytheon Technologies a contract worth USD 1,300 million in December 2021. The Company shall construct ESSM Block 2 anti-air missiles in accordance with the terms and conditions of this Agreement. Radar is used by this medium-range, semi-active homing missile to modify its course. An antenna with a radome covering it is utilised with a warhead and semi-active homing.
Market Dynamics:
The integration of modern satellite communication into current communications and reconnaissance infrastructures is tightly regulated by means of satellite communication. The bandwidth consumption has skyrocketed as operating needs have increased, and technological advancements have accelerated. Because of this, C4ISR predominantly uses satellite communication to address the problems that contemporary deployed forces encounter. New terrestrial communication networks have been built with help from the development of satellite communication infrastructure, increasing operational agility. As a result of the expansion of the satellite communication infrastructure, the market for satellite and Military Antenna Markets will experience significant growth.
Additionally, a significant need for technologically advanced military equipment is predicted to expand the market. As warfare and battlefield management have changed, upgrading conventional military equipment is more important than ever. Defense system modernization is necessary to keep up with technical advances on the battlefield, and this need is expected to drive the industry forward. Modernization aims to raise quality, bridge the capability gap, and cut overall costs. As a result, key contracts for military system upgrades, such as tactical radar systems, traveling wave antennas, loop antennas, mobile tactics, light weapons, updated antennas, and other goods, have increased between major defense businesses and the U.S. government.
Countries are anticipating modernizing their antenna systems soon. For instance, India is focusing on spending USD 130 billion over the next five to seven years to upgrade its military forces and improve its combat capabilities. In 2022, India plans to boost its defense budget by 5% for military modernization programs.
During the forecast period, the Military Antenna Market in North Americais anticipated to develop at the quickest rate.Several countries in the North America region have strengthened their surveillance and anti–terrorism capacities in response to an increase in the number of terror incidents in the region. The rising demand for Military Antenna Market in the North America area is a direct result of rising defense spending in countries like India and China and the establishment of new military commands in emerging economies. As of 2019, a global leader in satellite networking technology, solutions, and services, Gilat Satellite Networks Ltd, and China Satellite Communications Co., Ltd. (China Satcom) have announced a strategic partnership to offer cutting-edge satellite communication services for air, land, and sea-based fixed and mobile use. Tiantong 1-03, China's S-band communications satellite launched in 2021, will allow for improved mobile phone coverage throughout the country. After being placed into orbit, the satellite will connect with the Tiantong 1-01 and 1-02 satellites via a network to maximize the effectiveness of available resources and the range of available system services.
The Global Military Antenna Market is Segmented as follows:
List of the Key Players of the Global Military Antenna Market is:
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The Global Military Antenna Market Scope can be Tabulated as below:
Parameter | Details |
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Market Size Provided for Years | 2016-2028 |
Base Year | 2021 |
Historic Years | 2016-2020 |
Forecast Years | 2022-2028 |
Segments Covered |
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Region & Counties Covered |
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Companies Covered |
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
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“Military Antenna Market to Reach Valuation of USD 4.4 Billion by 2028 –Rising Technology Advancements, And Growing Demand For High-Frequency Military Aircraft Drives the Market”
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