Global Military Antenna Market 2020

"North America Likely to Emerge Dominant; Increasing Defense Expenditure will Provide Impetus to Market Growth"

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The rising defense budget allocations, especially in the United States, have made a positive impact on the growth of the regional market. Additionally, the presence of several large scale tech-companies involved in manufacturing of military antennas will constitute an increase in the overall market size. As of 2019, the market in North America was worth USD 1.84 billion and this value will rise considerably in the coming years. The market in the Asia Pacific will derive growth from the rising defense spending by leading countries such as India and China.

The global military antenna market size is projected to reach USD 5.78 billion by the end of 2027. The rising military budget allocations will create several growth opportunities for the companies operating in the market.

"Increasing Number of Company Mergers and Acquisitions will Aid Growth"

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the growth of the overall market in recent years. Accounting to the massive investments in technological intervention by several companies, defense organizations are looking to collaborate with these tech companies. In May 2020, Raytheon Technologies announced that it has bagged a contract from the US Navy for the development and assembly of planar antennas. Through this contract, the company will assemble planar array antennas as well as develop spare parts for the same. The company will also provide assistance for engineering related issues; a factor that will come under the repair and maintenance part. This collaboration will not just help the company generate huge revenue, but will also have a direct impact on the growth of the global market.

List of companies profiled in the report:

• Antcom Corporation (California, the U.S.)
• Cobham PLC (Wimborne Minster, The U.K)
• Comrod Communication AS (Stavanger, Norway)
• Eylex Pty Ltd. (New South Wales, Australia)
• Hascall-Denke (Florida, The U.S.)
• L3Harris Technologies Ltd. (Florida, The U.S.)
• Lockheed Martin Corporation (Maryland, The U.S.)
• MTI Wireless Edge Ltd. (Israel)
• Raytheon Technologies (Connecticut, The U.S.)
• Rohde & Schwarz GmbH & Co KG (Munich, Germany)
• Terma A/S (Aarhus Municipality, Denmark)
• Other Players

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. US: +1 424 253 0390 UK: +44 2071 939123 Email: sales@fortunebusinessinsights.com