Army Antennas Market Overview and Scope, World Trade Tendencies, Measurement, Share and Forecast Report back to 2020-2027 – KSU
Market Study Report LLC recently added a new title for 2020-2027 Global Military antenna market Report from its database. The report provides a study with a detailed overview of the product and industry scope, and explains the market outlook and status through 2027.
The global military antenna market is valued at approximately $ 3.52 billion in 2019 and is expected to grow at a healthy growth rate of more than 6.10% over the forecast period 2020-2027. Military antennas are used in military aircraft, armored vehicles, naval ships, and aircraft to provide improved surveillance and accurate tracking.
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Radio frequency military antennas provide incredibly accurate tracking, security and surveillance, ground mapping and warning of aircraft, weapons and others in this way to improve the security of military systems. The increasing safety concerns and the modernization of military equipment create a demand for military antennas.
Further increases in government spending on the military and defense are fueling market growth. According to the Stockholm International Peace Research Institute (SIPRI), China and India were the second and third largest military budget countries in the world in 2019. China’s military spending was $ 261 billion, up 5.1% over the previous year’s $ 2.53 billion. While Indian military spending rose 6.8% to $ 71.1 billion. Increasing investments in research and development as well as in advanced technologies support the market growth. The country is making tremendous strides in unmanned defense systems, according to the National Defense Industrial Association, and is projected to spend $ 2.2 billion on R&D spending in 2020, which is projected to rise to $ 2.7 billion by 2029, and country conflicts are also driving installation of military antennas for efficient working. However, high device cost is hampering the growth of the market in the forecast period 2020-2027. However, the further development of the monitoring systems offers a lucrative opportunity for the market.
The key market players in this report are:
- Harris Corporation
- Rohde & Schwarz
- Comrod communication
- L3 Harris Technologies Ltd.
- Lockheed Martin Corporation
- MTI Wireless Edge Ltd.
- Raytheon Technologies
The regional analysis of the global Military Antenna Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the rest of the world. North America is the leading / significant region in the world in terms of market share due to high military and defense spending. The Asia-Pacific region is also expected to have the highest growth rate / CAGR in the forecast period 2020-2027. Factors such as the increasing modernization of defense equipment would create lucrative growth prospects for the military antenna market in the Asia-Pacific region.
The aim of the study is to define the market sizes of various segments and countries in recent years and to predict the values for the next eight years. The report aims to take into account both qualitative and quantitative aspects of the industry in each of the regions and countries involved in the study. Additionally, the report provides detailed information on the crucial aspects such as driving factors and challenges that will determine the future growth of the market. In addition, the report also provides the available investment opportunities in the micro-markets for the stakeholders, as well as a detailed analysis of the competitive landscape and product offerings of the key players.
The detailed segments and sub-segments of the market are explained below:
In the air
Very high frequency
Ultra high frequency
Super high frequency
Extremely high frequency
For more information on Military Antenna Market Report, please visit: https://www.marketstudyreport.com/reports/global-military-antenna-market-size-research?utm_source=Marketwatch.com/&utm_medium=SP
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