The report covers comprehensive information about market trends, volume (Units) and value (US$ Mn) projections, market dynamics, competition landscape and recent developments regarding the global military antennas market for the study period 2018 to 2028. The global military antennas market is expected to reach over US$ 1,593.4 Mn by the end of the forecast period, registering a CAGR of 4.9%. According to the analysis, the demand for military antennas is expected to grow and gain significant traction in the coming years. Increasing installation of military antennas in surveillance, electronic warfare, navigation, communication, Satcom and telemetry applications is expected to create healthy demand for military antennas in the future.
By Platform, Ground Segment to Dominate the Global Military Antennas Market
On the basis of platform, the global military antennas market has been segmented into ground, airborne and marine. Among the three, the ground segment is anticipated to dominate the global military antennas market with a gain of 170 BPS between 2018 and 2028, owing to the strong demand for military antennas in land applications. As land force has full access to the air force and marine activities, it requires more antennas. The segment is estimated to be the most attractive among all its counterparts, and is expected to expand at a CAGR of 4.8% to reach US$ 522.4 Mn by the end of 2028.
Rising Demand for Satellite Communication Equipment
Satellite communication plays a critical role in managing the integration of modern satellite communication into existing communications and reconnaissance architectures. As operational requirements have grown and technological innovations have progressed at a rapid pace, the bandwidth requirement has also grown exponentially. As a result, C4ISR relies heavily on satellite communication to address the challenges faced by modern deployed forces. The development of satellite communication infrastructure has helped in providing new terrestrial communication networks to increase operational agility. Thus, the growth in satellite communication infrastructure will lead to rapid demand in the satellite and military antennas market.
Lack of Funds
The global defense market is closely associated with technology, particularly communication technology. Communication systems on the battlefield are vital components for mission success. With advancements in communication technology, one can share critical intelligence data as well as seamlessly transfer command and control instructions to gain a tactical advantage in the battlefield. However, with technological advancements in military communication systems, the cost of equipment is rising higher and higher. Technological development for military communication is greatly influenced by fully-interoperable solutions. So, to gain an advantage from such solutions, a user has to pay high costs. Increased investments are likely to be made on amalgamating cutting-edge technologies with the express needs of the defense communication sector. Therefore, such equipment is expected to cost much more in the future, rendering it unaffordable for many nations. Hence, high cost is one of the major factors that may slow down the growth of the military communications market in the near future.
Growth Opportunities in Asia
Rapid and extended economic growth in Asia and rise of sophisticated military technology are transforming the global defense landscape. Rapid developments in defense infrastructure across various countries of the region are creating huge demand for military-technical capabilities. Providers of military antennas can focus on expanding their businesses in countries of the region.
Outlook of the Military Antennas Market
North America is projected to maintain its dominance in the global military antennas market throughout the forecast period. This can be attributed to the military expenditure, adoption of newer technologies and up gradation of existing systems and equipment by the U.S. army. The U.S. government spent more then 3.1% of its total GDP as military expenditure in 2017
Military Antennas Market – Competitive Landscape
The military antennas market is an entirely contract-based market. Manufacturers are forming contracts for specific periods of time with governments and private bodies for the supply of particular antennas. Moreover, they are also focusing on the establishment of long-term agreements with end users for the supply of military antennas.
In the recent past, the military antennas market has witnessed significant developments from a competitive perspective. Product innovations, mergers and acquisitions are some of the key preferred strategies opted by key players to sustain and enter in the global military antennas market.
Prominent players covered in the military antennas market include Harris, Cobham, Rohde & Schwarz, Mobile Mark, Inc., Antenna Products, MTI Wireless Edge, Hascall-Denke, Alaris Holdings Limited, AvL Technologies Inc., Comrod Communication AS, Eylex Pty Ltd, Antcom Corporation, Southwest Antennas and Amphenol Corporation, among others.
Key Questions Answered in the Military Antennas Market Report
Military Antennas Market: Report Description
This Persistence Market Research (PMR) study offers a ten-year analysis and forecast of the global military antennas market for the period between 2018 and 2028. This study on the military antennas market considers 2017 as the base year with market values estimated for 2018 and a forecast developed for the duration from 2018 to 2028. The Compound Average Growth Rate (CAGR), in terms of both value and volume, has represented from 2018 to 2028. The military antennas market study covers various perspectives of the market, including market dynamics, value chain, pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with segment-level projections in a comprehensive manner. As per the findings of the military antennas market study and perspectives of industry participants, the global military antennas market is projected to grow at a CAGR of 4.9% between 2018 and 2028 in terms of value. The growing production of military antennas, owing to the mounting demand from various application such as electronic warfare, surveillance and telemetry are some of the factors fuelling the growth of the military antennas market.
This PMR report on military antennas carefully analyses the market at a global and regional level through market segmentation on the basis of key parameters such as frequency band, platform and application. The primary objective of this report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rate and other relevant information and statistics in a suitable manner to the readers or various stakeholders in the military antennas market.
Each section of the report has been structured to facilitate the reader to develop a thorough understanding of the military antennas market. This military antennas market report begins with market definitions, which are followed by the market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section covers a qualitative and quantitative assessment of the military antennas market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews with the key stakeholders in the market.
Military Antennas Market: Segmentation
The military antennas market report begins with market introduction. In the next section, the report describes market development background, macro-economic factors, industry factors, forecast factors, global weighted average pricing analysis, value chain overview and an assessment of the sales of military antennas for the base year considered for the study.
The next section of the report discusses market dynamics, such as drivers (supply and demand side), restraints and trends impacting the military antennas market’s growth at a global level. Market opportunities or potential for the manufacturers of military antennas have been presented in the subsequent section of the same chapter. This section also includes the impact assessment of market dynamics on the global military antennas market at a qualitative level based on analysis facts and insights.
In the following sections of the report, market value (US$ Mn) and volume (Units) projections for the military antennas market on the basis of the aforementioned segments at a global level have been included.
The next section of the military antennas report presents a summarised view of the global military antennas market based on seven prominent regions with market numbers represented for key countries considered in the study. The section includes the regional market position, growth potential, trends and market attractiveness analysis for each of these regions. The market analysis sections cover regional trends and market projections for each segment, including Y-o-Y growth trends, market share analysis, market attractiveness and incremental $ opportunity assessment. These sections analyse the degree to which the global drivers are influencing the market in each region.
In order to offer an accurate forecast, we started by sizing the current military antennas market, which forms the basis of how the global military antennas market is expected to shape in the future. Given the characteristics of the military antennas market, we triangulated the outcome of three different types of analysis: primary research, secondary research and PMR analysis. However, forecasting the market in terms of various segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the completion of the forecast exercise.
In addition, it is imperative to note that, in an ever-fluctuating global economy, we do not only conduct forecasts in terms of CAGR but also analyse the military antennas market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the military antennas market and identify the right opportunities available for the value chain participants.
As previously discussed, the military antennas market has been split into four segments. These segments, on the basis of frequency band, platform, application and region, have been analysed on the basis of Basis Point Share (BPS) to understand each individual segment’s relative contribution to the military antennas market growth. This detailed level of information is important for the identification of various key trends being witnessed in the military antennas market.
Another crucial feature included in PMR’s comprehensive report on the military antennas market is the analysis of all key segments in the military antennas market and regional adoption, along with the revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve in the military antennas market.
In the final section of the military antennas report, a competitive landscape of the military antennas market has been included to provide report audiences with a dashboard view, categorised on the basis of providers present in the value chain, their presence in the military antennas market and key differentiating factors and strategies. The primary category of providers covered in the report are the manufacturers and end-users of military antennas. In addition to this, the section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the military antennas market.
Detailed profiles of providers of military antennas have also been included under the scope of the military antennas market report to evaluate their long- and short-term strategies, key offerings and recent developments. Examples of some of the key competitors covered in the report include Harris, Cobham, Rohde & Schwarz, Mobile Mark, Inc., Antenna Products, MTI Wireless Edge, Hascall-Denke, Alaris Holdings Limited, AvL Technologies Inc., Comrod Communication AS, Eylex Pty Ltd, Antcom Corporation, Southwest Antennas and Amphenol Corporation, among others.