Global Military Antenna Market is valued approximately USD 3.52 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.10% over the forecast period 2020-2027.
Military Antennas are used in military aircraft, armored vehicles, naval vessels and aircraft to provide enhanced surveillance and accurate tracking.
Request a sample Report of Military Antenna Market at: https://www.marketstudyreport.com/request-a-sample/2956012/?utm_source=daily.phanaticmag.com/&utm_medium=SP
High-frequency military antennas offer incredibly accurate tracking, security & surveillance, ground mapping, cautioning against aircraft, weapons, and others in that way enhancing the security of military systems. The increasing security concerns and modernization of military equipment lays the demand for Military antennas.
Further rising government expenditure on military and defense augments the market growth. As per Stockholm International Peace Research Institute (SIPRI), China and India in 2019 were the second and third largest military budget countries across the globe. China's Military expenditure amounting to USD 261 billion, an increase of 5.1% from the previous year which was USD 2.53 billion. While the Indian Military spending witnessed an increase of 6.8% totaling to USD 71.1 billion. Also, increasing investments on R&D and advanced technology supports the market growth. As per national Defense Industrial Association, the country is tremendously progressing in Unmanned Defense Systems and is estimated to spend USD 2.2 billion in 2020 as an R&D expenditure which is projected to increase to USD 2.7 billion by 2029. Moreover, rise in terrorist activities and inter country conflicts also propel installations of Military antennas for efficient working. However, High cost of devices impedes the growth of the market over the forecast period of 2020-2027. Although, advancement in surveillance systems presents a lucrative opportunity for the market.
Major market player included in this report are:
- Harris Corporation
- Rohde & Schwarz
- Comrod Communication
- L3 Harris Technologies Ltd
- Lockheed Martin Corporation
- MTI Wireless Edge Ltd.
- Raytheon Technologies
The regional analysis of global Military Antenna market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high spending in military and defense. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising modernization in defense equipment would create lucrative growth prospects for the Military Antenna market across Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Very High Frequency
Super High Frequency
Extremely High Frequency
- North America
- Asia Pacific
- Latin America
- Rest of the World
For More Details on Military Antenna Market Report at: https://www.marketstudyreport.com/reports/global-military-antenna-market-size-research?utm_source=Marketwatch.com/&utm_medium=SP
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
Market Study Report LLC.
4 North Main Street,
Selbyville, Delaware 19975
US Toll Free: 1-866-764-2150
Email: [email protected]