Report : Military Antenna Market Size, Share, Growth by 2030
According to our latest market study on " Military Antenna Market Forecast to 2030 –Global Analysis – by Type, Frequency, Platform, and Application " the market is expected to grow from US$ 3,497.23 million in 2022 to US$ 5,298.16 million by 2030; it is anticipated to grow at a CAGR of 5.3% from 2022 to 2030.
The increasing application of unmanned aerial vehicles for various purposes, including weapon delivery, surveillance, and disruption, boosts the demand for military antenna market. Navigation, communication, and surveillance systems are crucial in detecting and tracking UAVs, providing early warning and situational awareness. The increasing adoption of UAVs requires advanced military antennas with improved detection and signal-catching capabilities to counter these threats effectively. In 2022, MP Antenna and Unmanned Systems Communications partnered with Unmanned Systems Technology to launch the Multi-Polarized Antennas for long-range UAV communications. Thus, the development of UAV defense communication systems is likely to create lucrative opportunities for the growth of the military antenna market in the coming years.
Germany is a prominent country contributing to European military antenna market share. In 2020, Germany contributed US$ 53,318.7 million for military expenditure, which increased to US$ 56,513.1 million in 2021. In 2022, the military expenditure experienced a drop and accounted for US$ 55,759.7 million. In 2023, the German Navy declared that it would deploy a frigate and a combat support ship to the Indo-Pacific by 2024. The proliferation of naval vessels to combat modern war requirements is boosting the military antenna market growth for better data transmission, navigation surveillance, and remote communication. In 2022, the German government signed a contract with the US government to procure F-35 fighter jets from the US worth US$ 8.4 billion. In 2023, Rheinmetall AG received a US$ 309 million (Є285 million) contract to deliver 367 additional armored and non-armored military trucks for the armed forces in Germany. In 2023, the German military secured a multinational framework contract with BAE Systems to procure additional units of 227 armored, all-terrain vehicles. The proliferation of advanced military equipment and vehicles is boosting the application of high-end antennas to identify possible threats and transmit data related to national security, which is one of the major factors fueling the military antenna market growth of Germany.
Key Findings of Market Study:
The changing geopolitical scenario worldwide boosts the requirement for strong defense countermeasure systems which is driving the military antenna market growth. Countermeasure systems are an airborne defensive system that helps in identifying airborne threats. Air defense radar systems generate important data for fusion and correlation by leveraging inputs from other sensors and intelligence sources. This accelerates the development of a comprehensive and accurate air image, enabling precise threat assessments and target engagements. The constant tension across nations like Russia, India, Pakistan, Ukraine, Israel, and Palestine among others is compelling their governments to strengthen the armed forces, which is bolstering the military antenna market growth. Hence, the armed forces across different countries are investing in procuring air defense systems such as surface-to-air missile systems, integrated air defense systems, naval defense systems, fighter aircraft, early warning systems, and border surveillance systems. Radar systems are fundamental components of comprehensive air defense systems. They enable armed forces to track, detect, and identify airborne threats such as aircraft, drones, and missiles. BAE Systems, General Dynamics Corporation, Honeywell International Inc., Israel Aerospace Industries Inc., Leonardo S.p.A, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, and Thales Group are some of military antenna market players are focusing on developing defense countermeasure systems that includes radar system, communication and surveillance system and navigation devices among others. Thus, the increasing procurement of countermeasure systems and their deployment is expected to fuel the growth of the military antenna market during the forecast period.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com