Pune, India, Sept. 16, 2021 (GLOBE NEWSWIRE) -- The global aircraft antenna market size set to gain momentum from the introduction to aerospace 3D printing technology. It is extensively used to fabricate complex structures. Unlike the traditional fabrication technology, 3D printing possesses several benefits, such as cost-effectiveness and availability of lightweight aircraft antennas. This information is given by Fortune Business Insights™ in a published report. The report further mentions that the aircraft antenna market size is projected to reach USD 626.6 million by 2026, thereby exhibiting a CAGR of 7.49% during the forecast period. However, it stood at USD 472.4 million in 2018.
Drivers & Restraints:
Rising Demand for Military UAVs to Drive Growth
Numerous countries are experiencing high investments in the development of top-quality drones and military unmanned aerial vehicles (UAVs) for aiding in various battlefield applications. Besides, the number of research and development activities is rising at a rapid rate.
For receiving and transmitting communication signals, UAVs require a specific amount of electronic components. It consists of transponder antennas. UAV antennas also serve many applications, namely, reconnaissance, surveillance, and signal intelligence. These factors would propel the Aircraft Antenna Market growth in the coming years. However, the number of aircraft delivery is declining. It may hamper growth.
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List of top organizations operating in the aircraft antenna market are as follows;
- Harris Corporation
- Azimut Benetti S.p.A.
- McMurdo Limited
- Antcom Corporation
- TECOM Investment FZ‐LLC
- The Boeing Company
- Honeywell International Inc.
- Cobham plc
- Other key market players
Competitive Landscape:
Key Players Aim to Increase Sales by Launching Unique Products
The market consists of several big, medium, and small enterprises. They are focusing on new product launches to boost sales and gain more consumer bases. They’re also keeping up with the latest market trends for fulfilling the demand of the masses.
Segmentation:
VHF & UHF Segment to Lead Backed by Rising Usage of Wireless Communication Technology
In terms of the frequency band, the market is segregated into X band, C band, Ka/Ku/K band, very high frequency (VHF) & ultra-high frequency (UHF) band, and others. Out of these, the VHF and UHF segment is expected to showcase the dominance in the market owing to the rising utilization of in-flight wireless communication technology. The demand for UHF bands would upsurge because of their ability to provide in-flight radio communications and television broadcasting. The X band segment generated 17% Aircraft Antenna Market share in 2018 on account of its increasing usage during in-flight radar communication.
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Regional Analysis-
High Demand for Commercial UAVs to Favor Growth in Asia Pacific
Geographically, the market is divided into North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific. Amongst these, North America procured USD 201.1 million Aircraft Antenna Market revenue in 2018. It would dominate because of the increasing investments by companies for developing novel aircraft antenna. Apart from this, rising border surveillance activities is surging the usage of UHF-enabled military UAVs in the U.S. It would contribute to the market growth in this region.
Asia Pacific, on other hand, is anticipated to grow considerably by exhibiting the highest CAGR during the forecast period because of the increasing demand for commercial UAVs in countries, such as India and China. In Europe, the rising number of aircraft deliveries would propel market growth. In France, there is high utilization of reconfigurable liquid antennas in many aircraft. It would also boost the market growth in this region.
Below is one of the significant industry developments:
- May 2019: The Boeing Company launched its latest flat satellite communications (SATCOM) broadband antenna. It would aid in getting high-speed data in the military aircraft. Production of the same would begin in 2020.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Global Aircraft Antenna Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Platform
- Fixed-Wing
- Commercial Aircraft
- Business Aircraft
- Regional Jets
- General Aviation
- Military Aircraft
- UAVs
- Rotary-Wing
- Military Helicopter
- Civil Helicopter
- UAVs
- Fixed-Wing
- Market Analysis, Insights and Forecast – By Frequency Band
- VHF & UHF Band
- Ka/Ku/K Band
- HF Band
- X Band
- C Band
- Others
- Market Analysis, Insights and Forecast – By End-User
- OEM
- Aftermarket
- Market Analysis, Insights and Forecast – By Application
- Communication
- Navigation & Surveillance
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of the world
TOC Continued…!
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