Industria
Military Antenna Market worth $5.6 billion by 2029 - Exclusive Report by MarketsandMarkets™
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.
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.
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The military antenna industry 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.
The major military antenna companies 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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