The military antenna market generated $3.7 billion in 2021, and is projected to reach $6.7 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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The key players analyzed in the global military antenna market report include Alaris Holdings Limited, Amphenol Corporation, Antcom Corporation, Antenna Products Corporation, AVL Technologies, Inc., Barker & Williamson, Cobham Aerospace Communications, Comrod Communication Group, Eylex Pty Ltd., Hascall-Denke, L3Harris Technologies, Inc., Lockheed Martin Corporation, M.T.I Wireless Edge Ltd., Mobile Mark, Inc., Raytheon Technologies Corporation, Rohde & Schwarz GmbH & Co KG, and Southwest Antennas.
COVID-19 Scenario :
- The outbreak of the COVID-19 pandemic had negatively impacted the growth of the global military antenna market, owing to the disruption in supply chain leading to delays in production cycles, forcing firms to incur losses.
- The COVID-19 pandemic substantially impacted the overall military communications equipment manufacturing, such as audio processors, air traffic control towers, integrated naval communication systems, deployable radio-link communication systems, high-reliability transistors, and others, thereby adversely affecting the growth of the global market.
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Based on platform, the ground segment held the major market share in 2021, holding nearly half of the global military antenna market share, and is expected to maintain its leadership status during the forecast period. However, the marine segment, is expected to cite the fastest CAGR of 7.0% during the forecast period. The report also includes the airborne segment.
On the basis of application, the electronic warfare segment held the largest market share in 2021, accounting for nearly two-fifths of the global military antenna market share, and is expected to maintain its leadership status during the forecast period. Nevertheless, the SATCOM segment, is expected to cite the highest CAGR of 8.3% during the forecast period. The report also analyses communication, surveillance, and telemetry segments.
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