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I AgreeThe business intelligence report carefully inspects various factors that may act as barriers or drivers for the global military antenna market. It sheds light on recent developments and product innovations in the market. It also features detailed information regarding various types of equipment and products offered by companies in the global military antenna market. The research report highlights various trends and factors that may positively or negatively affect the development of the global military antenna market in coming years.
The products offered by players in the global military antenna market are used to convert radio frequencies into alternating electricity. These devices are largely used by naval, air, and armed forces across the world. By frequency, the products and solutions in the global military antenna market can be bifurcated into ultra-high frequency, extremely high frequency, high frequency, and super high frequency. Some of the key types of products offered by market players are aperture antenna, loop antenna, dipole antenna, travelling wave antenna, and array antenna. Key applications for the products and solutions provided by players in the global military antenna market include surveillance, electronic warfare, communication, SATCOM, and telemetry, among others. By platform, these solutions are divided into marine, airborne, and ground.
Rising demand for efficient satellite communication equipment, owing to increasing number of space exploration programs and initiatives is anticipated to bolster demand within the global military antenna market over the next few years. In addition to this, rising demand for replacing conventional and outdated military equipment with their technologically advanced counterparts is also positively affecting expansion of the global military antenna market. Increasing demand for next-gen fighter aircrafts is anticipated to boost the demand for airborne military antennas in coming years. This trend is predicted to positively influence the growth of global military antenna market in coming years. However, high cost of research and development required to design and manufacture reliable and highly efficient prototypes may hinder growth in the global military antenna market.
Some of the key incumbent manufacturers and companies functional in the landscape of the global military antenna market include Cobham Advance Electronic Solutions, Eylex Pty Ltd., L3Harris Technologies Ltd., MTI Wireless Edge Ltd., Rohde & Schwarz GmbH & Co KG, Antcom Corporation, Comrod Communications AS, Hascall-Denke, Lockheed Martin Corporation, Raytheon Technologies Corporation, and Terma A/S, among others. The competitive landscape of the global military antenna market is considered to be highly fragmented, owing to a large number of local and international players engaged in construction and designing of these high-tech military antennas. Players are focused on launching new products and receiving contracts from government and defense arms.
In the recent past, North America accounted for a large share of the global military antenna market. The research report predicts that North America will continue leading the market in coming years. Some of the leading drivers for the expansion of the North America military antenna market include rising investments by the United States government for testing and development of new military equipment, as well as rising military spending in the region. Another region, anticipated to record significant growth in the global military antenna market is Europe.
Increasing awareness regarding benefits of using advanced technology-based systems, as well as rising government spending on military infrastructure is propelling demand within the Europe military antenna market. Furthermore, increasing demand for advanced military systems and equipment is also fueling market growth. However, Asia Pacific is anticipated to register a higher growth rate in the global military antenna market over the next few years. This trend can be ascribed to rising military expenditure by regional economies such as China and India.
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