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Flat Panel Antenna Market to Accrue $5.1 Billion, Globally, By 2031 at 28.1% CAGR: Allied Market Research
Massive use of flat-panel antennas in maritime satellite communications, space explorations, military, and commercial aircraft radars, and the naval sector expedites the growth of the global flat panel antenna market. Nonetheless, the lack of availability of an experienced workforce and high maintenance costs can pose a threat to the growth of the global market. However, the surge in the use of flat panel antennas in various end-use verticals will pave a way for new growth avenues for the market across the globe.
Based on the type, the mechanically steered segment contributed to the highest market share in 2021, accounting for more than two-thirds of the global flat panel antenna market share. This segment is predicted to contribute majorly toward overall market share by 2031. The growth of this segment over the forecast period can be attributed to the ability of mechanically steered antennas for providing better broadband solutions at higher latitudes. However, the electronically steered segment is predicted to record the over the forecast period. The segmental growth can be credited to portability, cost-efficiency, and reduced size of the electronically steered antennas.
On basis of the operating frequency, the Ku K and Ka band segment accounted for the highest share of the global market in 2021, contributing nearly four-fifths of the global flat panel antenna market share. Moreover, the same segment is set to contribute majorly toward overall market share by 2031. The segmental growth over the forecast timeline can be attributed to the use of Ku, K and Ka band frequency spectrum for satellite communication with Ku, K and Ka band making utilization of spot beam configuration to provide more bandwidth throughout the coverage area. Apart from this, Ku, K and Ka band provides wide beam coverage as compared to other bands. However, the C and X band segment is set to register the highest CAGR of 29.5% during the forecast period due to its lucrative use in Low Earth orbit (LEO), medium Earth orbit (MEO), and geostationary or geosynchronous orbit (GEO).
In terms of end-use vertical, the telecommunications segment accounted for the highest share of the global market in 2021, contributing more than one-third of the global flat panel antenna market share. Moreover, the same segment is set to contribute majorly toward overall market share by 2031. The growth of the telecommunications segment over the forecast period can be credited to the massive use of flat panel antennas for telecommunications end-user vertical work on 1.3GHz to 86GHz. However, the aviation segment is expected to register the highest CAGR of 29.8% during the forecast period. The segmental growth can be attributed to the large-scale use of flat panel antennas in commercial aviation radars. The report also analysis segments such as military, commercial, and others.
Based on the region, North America contributed notably toward the global flat panel antenna market share in 2021, and is projected to continue its dominance during the forecast timespan. The region accounted for more than one-third of the global market share in 2021 and is set to continue its domination of the market in the next ten years. The growth of the market in the region can be attributed to breakthroughs in sensor technologies and the massive popularity of comms-on-sat in the SATCOM industry in North America . In addition, the market across Asia-Pacific is predicted to register the highest CAGR of 28.4% from 2022 to 2031. The growth of the regional market over the forecast period can be credited to a rise in the installation of satellite antennas in vehicles in the Asia-pacific region. The report also includes other regions such as LAMEA and Europe .
The report analyzes these key players in the global flat panel antenna market. These players have implemented key business strategies such as strategic expansion, new product launches, alliances, and joint ventures for enhancing market penetration and reinforcing their position in the industry. The report helps the target audience in determining the market performance, performance of each segment, product portfolio development in the market, and contributions made by each player to the market growth.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar , the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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