Asia Pacific Airport Antenna Market
The airport antenna market in APAC comprises countries such as China, India, Japan, Australia, South Korea, Singapore, Malaysia, and Thailand. The presence of a huge middle-class population and a strong growth in middle-class spending, coupled with a wide range of income levels, influence the aviation industry in the region. The presence of many dynamic and developing economies in APAC has positively impacted growth in the aviation industry. As per the IATA data, the APAC region witnessed an increase of 8.7% in the passenger traffic for airways transportation in the year 2018 compared to 2017. This rise in the passenger traffic generates demands for larger commercial aircraft fleets to be operational in turn, creating demands for well-developed and efficient airport infrastructure. Thus, the growing demand for advanced airport infrastructure in the region creates lucrative opportunities for the airport antenna manufacturers. Japan and China are among the leading countries in the APAC airport antenna market. The key reason behind the significant demand in these countries is the steep rise in the government investment for the development of the aerospace & military sector in APAC. It is primed to witness exceptional growth in the coming years. In recent years, several APAC nations have been observed undertaking complete reassessment of their defense strategies and resources due to the rising geopolitical tensions. Hence, the requirement of advanced technological antennas for the reception of the signal in the military airbase is also anticipated to boost in the forecast period. Also high-tech and superior airport communication system through distributed antenna system (DAS) is a major factor driving the APAC airport antenna market.
Furthermore, COVID-19 is having a negative impact over APAC region. APAC is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, strategic government initiatives, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various solutions and services markets, including airport antenna market. The outbreak of coronavirus had an impact on industries owing to the uncertainty in the supply chain and user demand. APAC accounts for the largest count of new airport construction and airport expansion. China leads the table in the APAC with significantly in terms of numbers and investments followed by India. Both the countries have been experiencing tremors of COVID-19 pandemic. This had led to a sudden suspension of construction activities in last few months, which, in turn, had a negative effect on the supply chain of technologies. Additionally, the airport businesses had also been adjourned temporarily, which led to slow down the adoption rate of technologies among the airport authorities and airlines. Till now, India has the highest number of COVID-19 confirmed cases and reported deaths. APAC is a crucial region in terms of fastest growing aviation industry. According to 2019, annual world airport traffic report, China had 18.1% contribution to the passenger traffic worldwide, and India contributed 5.9% to the global passenger traffic. Around 3.3 billion passenger traffic is from the APAC region. The COVID-19 pandemic has interrupted business operations of various airport construction and development businesses. The governments of countries such as India and China are taking drastic measures to reduce the effects of COVID-19 outbreak by announcing lockdowns and travel bans. These measures are expected to have a negative impact on the growth of airport antenna market in this region, at least for coming 6 months.
Strategic insights for the Asia Pacific Airport Antenna provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 242.32 Million |
| Market Size by 2027 | US$ 416.06 Million |
| Global CAGR (2020 - 2027) | 7.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Airport Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Airport Antenna refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The airport antenna market in APAC is expected to grow from US$ 242.32 million in 2019 to US$ 416.06 million by 2027; it is estimated to grow at a CAGR of 7.1% from 2020 to 2027. The Governments of different countries are focusing on enhancing airport infrastructure, owing to the growing number of air passengers across APAC. IATA estimated that, APAC is anticipated to be the leading contributor to the aviation industry's revenue due to increasing air traffic growth in countries such as India, Singapore, China, and Japan. APAC is expected to witness a rise in passengers' number to around 2.35 billion by 2037 and reach ~3.90 billion passengers by 2037. The APAC region is anticipated to grow with a CAGR of 4.8% during the forecast period 2018 to 2035. The favorable regulatory environment, mounting transport infrastructure development, and growing middle class population are among the major factors driving the growth of air passengers across APAC. Such a rise in the number of passengers in APAC is demanding the development and the expansion of airport infrastructure with all the advanced facilities, which boost the airport's operational efficiency. The Government is planning to invest in the construction of additional terminals and the development of existing airport terminals by integrating smart equipment such as airport antenna. The airports are demanding the deployment of antennas for better communication during surveillance and navigation of aircrafts.
In terms of airport type, the commercial airport segment accounted for the largest share of the APAC airport antenna market in 2019. Based on antenna type, the dipole segment held a larger market share of the APAC airport antenna market in 2019. On basis of frequency band, very high frequency held substantial share throughout the forecast period. Based on application surveillance segment is expected to be the fastest growing segment during the forecast period; which is from 2017 to 2027.
A few major primary and secondary sources referred to for preparing this report on the airport antenna market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cobham Limited, HENSOLDT, Northrop Grumman Corporation, Rohde & Schwarz GmbH & Co., Terma.
The Asia Pacific Airport Antenna Market is valued at US$ 242.32 Million in 2019, it is projected to reach US$ 416.06 Million by 2027.
As per our report Asia Pacific Airport Antenna Market, the market size is valued at US$ 242.32 Million in 2019, projecting it to reach US$ 416.06 Million by 2027. This translates to a CAGR of approximately 7.1% during the forecast period.
The Asia Pacific Airport Antenna Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Airport Antenna Market report:
The Asia Pacific Airport Antenna Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Airport Antenna Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Airport Antenna Market value chain can benefit from the information contained in a comprehensive market report.
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