In 2023, the global military antenna market was worth $4.05 billion. It's expected to grow steadily, reaching $4.32 billion in 2024 and climbing to $7.77 billion by 2032, with an average annual growth rate of 7.6% over the forecast period. It is projected to reach $6.56 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.56%. This growth is driven by the increasing reliance on advanced communication systems for network-centric warfare and enhanced situational awareness​.

Informational Source:

https://www.fortunebusinessinsights.com/industry-reports/military-antenna-market-101824

Key Companies Covered in Military Antenna Market are:

• Antcom Corporation (U.S.)
• Cobham Advanced Electronic Solutions (U.K.)
• Comrod Communication AS (Norway)
• Eylex Pty Ltd. (Australia)
• Hascall-Denke (U.S.)
• L3Harris Technologies Ltd. (U.S.)
• Lockheed Martin Corporation (U.S.)
• MTI Wireless Edge Ltd. (Israel)
• Raytheon Technologies Corporation (U.S.)
• Rohde & Schwarz GmbH & Co KG (Germany)
• Terma A/S (Denmark)

Key Drivers of Growth

1. Defense Modernization and Budget Increases

   Global defense expenditures continue to rise, creating opportunities for modern military equipment like antennas. Countries such as the U.S., China, and India are investing heavily in communication technologies to enhance battlefield capabilities​.

2. Technological Innovations

   Advanced antenna designs, including multi-band, phased array, and electronically steerable antennas, are being developed for robust and secure communications. These technologies enable seamless integration with radar, electronic warfare, and navigation systems​.

3. Expanding Applications

   Military antennas are now integral to various operations, including surveillance, navigation, electronic warfare, and satellite communications (SATCOM). Their deployment spans ground, marine, and airborne platforms, making them a versatile component of defense strategies​.