Press Release / Aircraft Antennas Market
Aircraft Antenna Market to Exhibit 6.71% CAGR from 2022 to 2029; Panasonic Avionics and ThinKom Solutions, Inc. Collaborate to Introduce Next-Gen Ku-band Antenna
July 13, 2022 | Aerospace & DefenseThe global aircraft antenna market size is estimated to surge from USD 400.7 million in 2022 to USD 631.1 million by 2029. OEMs and aftermarkets will continue to exhibit a strong demand for aircraft antennas to boost their navigation and communication portfolios. Prominently, the emergence of reconfigurable liquid antennas for aircraft will reshape the global trend.
According to the latest research report by Fortune Business Insights™ titled, “Aircraft Antenna Market Size, Share & Industry Analysis, By Platform (Fixed-Wing (Commercial Aircraft, Business Aircraft, Regional Jets, General Aviation, Military Aircraft, and Fixed-Wing UAVs), Rotary-Wing (Military Helicopter, Civil Helicopter, and Rotary-Wing UAVs)), By Frequency Band (VHF & UHF Band, Ka/Ku/K Band, HF Band, X Band, C Band, and Others), By End-user (OEM and Aftermarket), By Application (Commercial and Navigation & Surveillance), and Regional Forecast, 2022-2029,” the market was pegged at USD 389.5 million in 2021. It is anticipated to witness 6.71% CAGR during the assessment period.
Russia-Ukraine War Triggers Demand for Aircraft Antennas
The aftermath of the Russia-Ukraine conflict had a pressing influence on the footprint of aircraft antennas. For instance, multi-platform anti-jamming antennas witnessed increased demand to prevent detection and intrusion from enemies. These anti-jamming antennas could be boarded on UAVs and vehicles. With a surge in demand for a secure transmission system, the industry participants will continue to infuse funds into the landscape. Meanwhile, it is worth noting that Russia is grappling with a dip in airline contracts, compelling them to emphasize home production.
Honeywell Inked a Deal to Acquire Majority Stake in Fiplex to Bolster Portfolio
Well-established players and new entrants have upped investments in organic and inorganic strategies to expand their penetration. Industry players are likely to introduce technologically advanced equipment for communication and surveillance applications. To illustrate, in March 2021, Honeywell inked a deal to acquire a majority stake in Fiplex Communications. The acquisition will help expand the in-built connectivity and communications solutions for buildings. Meanwhile, in May 2021, Antcom Corporation announced to deliver high-filtering antennas with interference robustness. With technologically advanced equipment gaining an uptick, the aircraft antenna market growth could be pronounced in the ensuing period.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/aircraft-antennas-market-102533
Trend for Unmanned Aerial Vehicles to Underpin Industry Growth
Major players are poised to explore opportunities in unmanned aerial vehicles following the rising demand from military and commercial applications. The military sector has infused funds into military class drones to expand their navigation and communication domains. The aircraft antenna market share will witness an upward trajectory in the wake of the demand for next-gen navigational and communication antennas. Furthermore, robust government policies will augur well for the business outlook. For instance, in 2021, the U.S. Department of Defense earmarked USD 7.5 billion for unmanned systems and associated technologies. It is worth noting that innovations in unmanned systems are expected to drive industry growth. The rising number of aircraft backlogs could dent the industry outlook.
Stakeholders Focus on Collaboration to Expand Footprint
Well-established players and new entrants could invest in mergers & acquisitions, product rollouts, technological advancements, and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.
Notable Industry Development
- September 2021: Panasonic Avionics Corporation joined hands with ThinKom Solutions, Inc. and introduced a new, next-generation Ku-band antenna.
List of the Companies Profiled in the Report
- Antcom Corporation (U.S.)
- Smiths Interconnect (U.S.)
- Boeing (U.S.)
- Cobham Limited (U.K.)
- Honeywell International Inc. (U.S.)
- L3Harris Technologies, Inc. (U.S.)
- Maxtena Inc. (U.S.)
- Harxon Corporation (China)
- Chelton Limited (U.K.)
- Sensor Systems (U.S.)
Further Report Findings
- In terms of platform, the fixed-wing segment could contribute notably toward the global market on the back of the rising number of aircraft deliveries.
- North America market size was pegged at USD 163.9 million in 2021 and will grow with investments in technologically advanced equipment.
- Asia Pacific market forecast will be strong in the wake of bullish procurement of military helicopters and aircraft.
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2018-2029 |
Base Year | 2021 |
Estimated Year | 2022 |
Forecast Period | 2022-2029 |
Historical Period | 2018-2020 |
Unit | Value (USD million) |
Segmentation | By Platform
|
By Frequency Band
| |
By End-user
| |
By Application
| |
By Geography
|
- 2021
- 2018-2020
- 251
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