Aircraft Antenna Market Study with Competitive Landscape, Market Insights, and Growth Prospects to 2027
Stratview Research delivers key insights on the global Aircraft Antenna Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Aircraft Antenna Market:
Antcom Corporation
The Boeing Company
Cobham plc
Harris Corporation
Honeywell International Inc.
Sensor Systems Inc.
TECOM Group.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft Antenna Market value and growth drivers over the trend period of 2022-27. According to the report -
Aircraft antenna market is likely to witness an impressive CAGR of 7.2% during the forecast period. The rising demand for durable and competent aircraft antennas and the growing number of aircraft deliveries are expected to underpin the growth of the global aircraft antenna market. Further, the upsurge in the application of unmanned aerial vehicles in the military sector for critical defense missions and rescue operations is further expected to bolster the aircraft antenna market in the emerging economies.
Segment Analysis:
Based on Application Type:
Based on the application type, the market is segmented as communication, and navigation & surveillance. The navigation & surveillance segment was estimated to account for the largest share of the market in 2018. The growth of this segment can be ascribed to the rise in bandwidth and the usage of high frequencies for navigation & surveillance by aircraft.
Based on Region:
In terms of regions, the North American region was anticipated to be the largest market for aircraft antenna in 2018. Further, the aircraft antenna market is expected to register significant growth in the Asia-Pacific region in the coming five years owing to the rising aviation passenger traffic and the consequent claim for new commercial aircraft. The growing demand for next-generation advanced aircraft antennas from the emerging economies is also estimated to bolster the growth of the Asia-Pacific’s aircraft antenna market during the forecast period. Countries such as China, Brazil, and India have an enormous growth potential for the aircraft antenna market, as governments of these countries have paced up their defense expenditure to boost their civil & commercial and military aircraft fleet.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Aircraft Antenna Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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