Military Antenna Market Expected to Reach $5.6 billion by 2029

(IT-NEWSWIRE.COM, September 02, 2024 ) The report "Military Antenna Market by Technology (Wire Antennas, Aperture Antennas, Reflector, Lens, Microstrip, Array Antennas), Application (Electronic Warfare, Navigation, Satcom, Telemetry), Frequency Band, Platform and Region - Global Forecast to 2029" The military antenna market is projected to reach USD 5.6 billion by 2029, from USD 4.5 billion in 2024, at a CAGR of 4.6% from 2024 to 2029. The military antenna volume data is projected to grow from 146,432 units in 2024 to 183,921 units by 2029. The market growth can be attributed to the growing adoption of electronically steered phased array antennas and the rising demand for military antennas in maritime use. Additionally, the push for network-centric warfare and the expansion of electronic warfare capabilities further propel the demand for sophisticated military antennas. The market outlook remains positive as countries invest in upgrading their defense communication systems to enhance situational awareness, interoperability, and overall mission effectiveness.

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Based on application, the electronic warfare segment is estimated to grow at the highest rate during the forecast period

The electronic warfare segment is estimated to grow at the highest rate during the forecast period. Innovative technologies, such as directed energy, lasers, electro-optic systems, infrared, and other visual techniques, require advanced military antennas to function effectively. The need for these specialized antennas has driven a significant rise in the deployment of electronic warfare systems worldwide. Consequently, this segment has experienced the highest growth rate in recent years, as military forces increasingly rely on these sophisticated technologies for their operations.

Based on point of sale, the OEMs segment is forecasted to grow at highest CAGR during forecast period

The OEMs segment is forecasted to grow at the highest CAGR during the forecast period. The growth of the Original Equipment Manufacturers (OEMs) segment is primarily driven by the acquisition of new military equipment. This includes a wide range of assets such as military vehicles, aircraft, submarines, and next-generation fighter jets. Additionally, it covers helicopters, unmanned aerial vehicles (UAVs), and combat support aircraft. These acquisitions span across various platforms, whether airborne, on land, or at sea, reflecting a comprehensive modernization effort in military capabilities. As countries invest in these advanced technologies to strengthen their defense forces, the demand for OEMs continues to rise.

The Asia Pacific region is estimated to lead the market in 2024.

The military antenna market in Asia Pacific is expected to lead the market in 2024. India is the largest market for military antennas in the Asia Pacific. The military antenna market in the Asia Pacific region is experiencing significant growth due to several key factors. Firstly, there's a rising demand for military aircraft equipped for surveillance purposes. These aircraft require advanced antennas to perform effectively, driving up the need for such technology. Additionally, countries in the region are increasing their investments in developing cutting-edge military antennas to enhance their defense capabilities. Lastly, the growing threats and tensions across borders in the Asia Pacific are prompting nations to bolster their military preparedness, further fueling the demand for advanced military antennas. Together, these elements are contributing to a robust expansion of the military antenna market in the region.

Key Market Players

The major players include L3Harris Technologies, Inc. (US), RTX (US), BAE Systems (UK), Thales (France), Honeywell International Inc. (US), General Dynamics Corporation (US), Rohde & Schwarz (Germany), and Saab AB (Sweden), Viasat, Inc. (US), and ASELSAN A.S. (Turkey).

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Military Antenna Market Expected to Reach $5.6 billion by 2029