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The global antenna market demand has increased during the recent years. An antenna is a specialized transducer used to convert radio-frequency fields into alternating current. The antenna is a technologically advanced device used to navigate aircraft, helicopter, and naval vessels by using radio frequencies. Navigation and communication are the main application of the antenna. Increasing procurement of radio antenna and smart antenna supporting the growth of the market.
The factors expected to drive the market are the adoption of satellite communication in the aircraft. Moreover, the trend of modernization anti-jam GPS navigation system in the military is anticipated to boost the market. Rising demand for UAVs in Asia-Pacific countries, high adoption of smart antenna in military UAVs are the upcoming opportunities for the market. However, the high development cost associated with manufacturing an antenna is the major factor affecting the market growth.
Key Market Driver -
• Increasing Use of Portable Antenna across the Globe • Development of Technologically Advanced Satellite Antenna
Key Market Restraint -
• High Development Cost
By type, the market segmented into radio antennas and smart antennas. Based on the technology type, the market segmented into SIMO, MIMO, MISO, and others. Based on application, the market categorized into the RADAR, satellite communications, cellular communications, WiFi systems, WiMax systems, and others. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, and the Rest of the World.
The antenna market is analyzed across four major regions North America, Europe, Asia Pacific, and Rest of the World. At present, North America anticipated steering the antenna industry place all through the forecast timeline. This growth is owing to the presence of key players, which include Accel Networks, Airgo networks Inc., Array com LLC. , and Broadcom Corp.
The Asia Pacific estimated to capture a significant market share of antenna globally during the forecast period. It occurs due to the rise in adoption of tactical communication, security & surveillance activity in the emerging nations such as China and India. Furthermore, increasing the use of unmanned systems and the man-portable system in Japan supports the growth of the market. The high adoption rate of the antenna for satellite communication in Europe projected to lead the market during the forecast period. In the Rest of the World, raising funds from private firms in autonomous vehicles are driving the demand of antenna for wireless communication.
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