The segment antenna (By Component Analysis) is likely to hold the highest market share owing to high adoption in several commercial and military purposes. Antennas are useful for enhancing communication, thereby, extensively adopted in military vehicles and jets to maintain strategic power. Moreover, rapid growth in air traffic is driving the demand for antennas that will aid market growth.
The global antenna, transducer and radome market size is likely to exhibit a CAGR of 10.2% between 2020 and 2027. This is ascribable to factors such as rising military budgets and total modernization of the military for the countries across the globe.
Product Launches by the Companies to Augur High Demand”
In May 2020, KP Performance Antenna, an Edmonton, Alberta-based company, introduced two new models of all-directional antennas. According to the company, the new antennas offer two-way communication and provide supervisory control and data acquisition (SCADA). In addition to this, they operate over the licensed bandwidth frequencies of 800 MHz to 900 MHz, and unlicensed ISM bands of 902 MHz to 928 MHz effectively. Furthermore, they consist of a lightweight fiberglass radome and an integral N-Female connector to enable high-quality communication.
List of the Companies Proliferating in the Market:
- BAE Systems (The U.K.)
- Cobham plc. (The U.K.)
- General Dynamics Corporation (The U.S.)
- Honeywell International Inc. (The U.S.)
- L-3Harris Technologies Inc. (The U.S.)
- Leonardo S.p.A (Italy)
- Lockheed Martin Corporation (The U.S.)
- Northrop Grumman Corporation (The U.S.)
- Raytheon Company (The U.S.)
- Thales Group (France)
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