Aircraft Antenna Market to Worth USD 631.1 Million by 2029 | At a CAGR of 6.71%
According to Fortune Business Insights, the global Aircraft Antenna Market size is projected to reach USD 631.1 Million by 2029, at CAGR of 6.71% during forecast period 2022-2029
Pune, India, Feb. 09, 2023 (GLOBE NEWSWIRE) -- The global aircraft antenna market size was pegged at USD 389.5 million in 2021. The market is anticipated to surge from USD 400.7 million in 2022 to USD 631.1 million by 2029 at 6.71% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, “Aircraft Antenna Market, 2022-2029.”
The market includes the design and manufacture of aircraft, rockets, missiles, and spacecraft that operate in space. Defense equipment refers to weapons, arms, and equipment that are used for military purposes. The study conducted in this report provides an in-depth analysis of the aerospace and defense industry in Europe.
Get a Free Sample PDF Brochure:
Companies Profiled in Aircraft Antenna Market are as follows:
Antcom Corporation (U.S.)
Smiths Interconnect (U.S.)
Cobham Limited (U.K.)
Honeywell International Inc. (U.S.)
L3Harris Technologies, Inc. (U.S.)
Maxtena Inc. (U.S.)
Harxon Corporation (China)
Chelton Limited (U.K.)
Sensor Systems (U.S.)
Report Scope & Segmentation:
2029 Value Projection
USD 631.1 Million
No. of Pages
By Platform, By Frequency, By End user
Russia-Ukraine War Impact
Exponential Demand for Anti-Jamming Antennas to Disrupt Industry Growth
At a time when the aviation industry is gearing to overcome the COVID-19 pandemic, the Russia-Ukraine war has disrupted the market forecast. Notably, the demand for anti-detection systems and GPS gained an uptick. So much so that European countries exhibited profound demand for secure transmission systems. Industry players have witnessed strong demand for multi-platform anti-jamming antennas being used to prevent detection and intrusion from enemies. The conflict had an indirect impact on air traffic and the raw material supply chain.
Market Research Reports Can Help You in Taking the Right Business Decisions. It Is an Analysis of The Market and Industry, Which Helps in Understanding the Market Better. This Report Will Provide You with All the Information You Need to Know About Aerospace & Defense Sector So That It Becomes Easy for You to Take Informed Decisions.
Browse Detailed Summary of Research Report with TOC:
Fixed-Wing Platform Gain Ground with Rising Demand for Air Travel
In terms of platform, the market is segmented into rotary-wing and fixed-wing. The fixed-wing segment will account for a notable share of the global market on account of the rising number of aircraft deliveries and air travelers. For instance, Boeing delivered 340 aircraft in 2021, nearly double the total aircraft delivered in the preceding year.
Ka/Ku/K Band to Remain Dominant with Increasing Adoption of 5G
With respect to frequency band, the market is fragmented into Ka/Ku/K band, VHF & UHF band, C band, X band, HF band, and others. The Ka/Ku/K band segment will witness a significant CAGR during the forecast period, largely due to the trend for 5G in the aviation sector.
OEMs to Exhibit Profound Demand with Rising Presence of Antenna Providers
On the basis of end-user, the market is fragmented into aftermarket and OEM. The OEM segment will contribute notably toward the market share due to the presence of a large number of aviation antenna providers. End-users will continue to invest in surveillance, navigation, and communication systems for real-time data.
Navigation & Surveillance to Gain Uptick from Installation of Next-Gen GPS Antennas
From the application perspective, the market includes navigation & surveillance and commercial segments. The navigation & surveillance segment could expand at the highest CAGR, owing to strong demand for next-gen navigational antennas, including emergency locator transmitting antennas and GPS antennas.
From the regional ground, the market is segmented into Europe, North America, Asia Pacific, and the Rest of the World.
Inquire Before Buying This Research Report:
Drivers and Restraints
Prevalence of State-of-the-art Infrastructure to Expedite Investments
The rising footfall of technologically advanced air traffic management aircraft could foster the aircraft antenna market share. Major stakeholders are likely to invest in innovation and modernization to boost efficiency in the aviation sector. For instance, the U.S. Federal Aviation Administration-led modernization of the U.S. air transportation systems added fillip to the industry growth. Furthermore, industry participants have upped investments in aircraft upgradation amidst a surge in military UAV demand. Soaring demand for unmanned systems could encourage leading companies to invest in aircraft antennas.
However, rigorous government regulations and a surging number of aircraft backlogs could mar the industry growth.
North America to Provide Compelling Opportunities with Bullish Presence of Aircraft Fleet
Stakeholders are well-poised to inject funds into the U.S. and Canada in the wake of the presence of a soaring number of aircraft fleets. North America market size logged USD 163.9 million in 2021 and will witness an upward trajectory due to investments in modernized aircraft antennas. The U.S. will continue to invest in advanced antennas to foster navigation and surveillance portfolios.
Europe could emerge as a favorable investment hub against the backdrop of aircraft deliveries during the assessment period. The regional outlook is mainly attributed to the application of reconfigurable liquid antennas and air traffic. End-users will continue to inject funds across France, Italy, Germany, and the U.K. to expand their footfall.
Robust demand for commercial aircraft across China, India, and Australia could bolster the Asia Pacific aircraft antenna market growth. Emerging economies and advanced countries have augmented defense budgets, prompting companies to procure military helicopters and aircraft. Moreover, a surge in air travel will also provide impetus to regional growth.
Ask For Customization:
Detailed Table of Content:
Definitions and Assumptions
Recent/ Key Developments in the Aircraft Antenna Market
Latest Market Trends
Porters Five Forces Analysis
Supply Chain Analysis
Quantitative Insights- Impact of COVID-19 Pandemic on Aircraft Antenna Market
Impact of COVID-19 on Global Aircraft Antenna Market
Steps Taken by Industry/Companies/Governments to Overcome the Impact
Potential Opportunities Due to COVID-19 Outbreak
Global Aircraft Antenna Market Analysis, Insights and Forecast, 2018-2029
Market Analysis, Insights and Forecast – By Platform
Fixed Wing UAVs
Rotary Wing UAVs
Stakeholders Prioritize Product Launches to Gain Ground
Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements, and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.
Speak to the Analyst:
Read Related Insights:
Helicopter Market Size & Share | Forecast Report [2022-2029]
Active Protection System Market Size, Growth | Forecast, 2029
SONAR System Market Size, Growth | Global Report, 2022-2029
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.
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245