The global military antenna market size was valued at USD 4.05 billion in 2023. The market is projected to grow from USD 4.32 billion in 2024 to USD 7.77 billion by 2033, exhibiting a CAGR of 7.6% during the forecast period. An antenna is a device that utilizes a transformer to convert radio frequency signals into alternating current. The global market is driven by two key factors: increased military expenditure and the adoption of multi-function radar systems. Fortune Business Insights presents this information in their report titled "Global Military Antenna Market, 2024–2032."
Informational Source:
https://www.fortunebusinessinsights.com/military-communications-market-102696
Segments:
Lower Costs and Diverse Military Applications Propel High-Frequency Band-based Systems
Based on frequency, the market is classified into high frequency, ultra high frequency, super high frequency, and extremely high frequency.
In 2022, the high-frequency segment played a significant role in driving the market growth of military antennas. This can be attributed to the relatively lower cost associated with high-frequency band-based systems and their various military applications, including surveillance and combat.
Rising Demand for Remote Sensing and Defense Radar Applications Fuels Array Antenna Segment Growth
Based on type, the market is segmented into slot antennas, dipole antennas, array antennas, traveling wave antennas, and loop antennas.
During the forecast period, the array antenna segment is projected to exhibit a substantial CAGR. This growth can be attributed to the rising demand for remote sensing and defense radar applications, which heavily rely on array antennas.
Airbrone Segment Poised for Robust Growth due to Demand for Next-Gen Fighter Aircraft
Based on platform, the market is divided into ground, airborne, and marine. The airborne segment is expected to experience significant growth at a substantial CAGR during the forecast period in military antennas. This growth can be attributed to the rising demand for next-generation fighter aircraft equipped with advanced antenna-based systems, particularly in developed and emerging economies.
Rising Demand for Advance Radar and Antenna Systems Drives Electronic Warfare Segment
By application, the market is categorized into SATCOM, communications, surveillance, electronic warfare, and telemetry. The electronic warfare segment is expected to exhibit significant CAGR during the forecast period. This growth is primarily driven by the increased demand for advanced military radar and antenna systems.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Major Players Profiled in the Market Report: