Analysis - by Type (Aperture Antennas, Dipole Antennas, Travelling Wave Antennas, Monopole Antennas, Loop Antennas, Array Antennas, and Others), Frequency (High Frequency, Very High Frequency, and Ultra-High Frequency), Platform (Marine, Ground, and Airborne), and Application (Communication, Telemetry, Electronic Warfare, Surveillance, and Navigation)
No. of Pages:
112
|
Report Code:
BMIRE00029947
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Category:
Aerospace and Defense
The Asia Pacific military antenna market was valued at US$ 941.66 million in 2022 and is expected to reach US$ 1,615.94 million by 2030; it is estimated to record a CAGR of 7.0% from 2022 to 2030.
Development of Unmanned Aerial Vehicle (UAV) Communication Systems Drives Asia Pacific Military Antenna Market
The increasing application of unmanned aerial vehicles for various purposes, including weapon delivery, surveillance, and disruption, boosts the demand for military antennas. Navigation, communication, and surveillance systems are crucial in detecting and tracking UAVs, providing early warning and situational awareness. The increasing adoption of UAVs requires advanced military antennas with improved detection and signal-catching capabilities to counter these threats effectively. As the threat from UAVs becomes more evident, governments and defense organizations worldwide prioritize developing and acquiring communication and surveillance defense systems to counter this evolving threat. In 2022, MP Antenna and Unmanned Systems Communications partnered with Unmanned Systems Technology to launch the Multi-Polarized Antennas for long-range UAV communications. Thus, the development of UAV defense communication systems is likely to create lucrative opportunities for the growth of the Asia Pacific military antenna market in the coming years.
Asia Pacific Military Antenna Market Overview
India, Australia, China, Japan, and South Korea are a few of the major markets for military antennas in Asia Pacific. Growing focus on national security and increasing governmental initiatives toward boosting the development of the military and security infrastructure are a few of the factors boosting the demand for military antennas in Asia Pacific. In 2020, the military expenditure was US$ 497.4 billion, which increased to US$ 549.7 billion in 2021. In 2022, Asia Pacific's military expenditure was US$ 541.5 billion. In 2022, China dominated in terms of military expenditure, followed by India and South Korea. The majority of military expenditure is dedicated to meeting the requirement for advanced equipment, devices, aircraft, ships, and armored vehicles during modern war. Countries are focusing on advancing their military aircraft with new high-end aircraft equipped with the latest features and replacing the old aircraft.
With each passing year, the demand for advanced and more competent equipment and army vehicles is increasing in order to manage modern battlefield requirements. For instance, in 2023, the People's Liberation Army Air Force is increasing the number of combat aircraft in its inventory. It also integrates air-to-air missiles and develops a high-end air-to-surface stand-off weapon to further strengthen China's defense force. In 2023, South Korea's Korea Aerospace Industries introduced the KF-21 Boramae fighter jet prototype and advanced the development of the KAI Light Armed Helicopter. The Air Force is anticipated to procure 40 KF-21s by 2028, with strategies focused on getting an additional 80 jets into operation by 2032.
In 2023, Asia Pacific accounted 11,646 units of military aircraft fleets. The military antennas have potential applications in fighter jets and aircraft for facilitating stable communication, navigation, and surveillance. The Asia Pacific accounted for 1,312 units of naval vessels as of 2023, and it has ordered 99 units of naval vessels in the commissioned phase. Predominantly, corvettes and submarines are dominating in terms of the number of military units in Asia Pacific. China is dominating in terms of number of naval vessels in Asia Pacific, followed by South Korea, India, and Japan in 2023. Military antennas have major applications in the navy vessels to conduct communication, telemetry, and surveillance. In addition, it also helps in navigating the ships to the proper location in time of war. Furthermore, the proliferation of satellite communication and advanced technologies for remote communication and data transmission are a few key factors boosting the demand for military antennas in the Asia Pacific.
Asia Pacific Military Antenna Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Military Antenna Market Segmentation
The Asia Pacific military antenna market is segmented based on type, frequency, platform, application, and country.
Based on type, the Asia Pacific military antenna market is segmented into aperture antennas, dipole antennas, travelling wave antennas, monopole antennas, loop antennas, array antennas, and others. The dipole antennas segment held the largest share in 2022.
By frequency, the Asia Pacific military antenna market is segmented into high frequency, very high frequency, and ultra-high frequency. The high frequency segment held the largest share in 2022.
By platform, the Asia Pacific military antenna market is segmented into marine, ground, and airborne. The ground segment held the largest share in 2022.
In terms of application, the Asia Pacific military antenna market is categorized into communication, telemetry, electronic warfare, surveillance, and navigation. The communication segment held the largest share in 2022.
Based on country, the Asia Pacific military antenna market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific military antenna market in 2022.
BAE Systems Plc, Eylex Pty Ltd, L3Harris Technologies Inc, Lockheed Martin Corp, MTI Wireless Edge Ltd, Raytheon Technologies Corp, Rohde and Schwarz GmbH and Co KG, and Thales SA are some of the leading companies operating in the Asia Pacific military antenna market.
Asia Pacific Military Antenna Strategic Insights
Strategic insights for the Asia Pacific Military 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.
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Asia Pacific Military Antenna Report Scope
Report Attribute
Details
Market size in 2022
US$ 941.66 Million
Market Size by 2030
US$ 1,615.94 Million
Global CAGR (2022 - 2030)
7.0%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
Aperture Antennas
Dipole Antennas
Travelling Wave Antennas
Monopole Antennas
Loop Antennas
Array Antennas
By Frequency
High Frequency
Very High Frequency
Ultra-High Frequency
By Platform
Marine
Ground
Airborne
By Application
Communication
Telemetry
Electronic Warfare
Surveillance
Navigation
Regions and Countries Covered
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Market leaders and key company profiles
BAE Systems Plc
Eylex Pty Ltd
L3Harris Technologies Inc
Lockheed Martin Corp
MTI Wireless Edge Ltd
Raytheon Technologies Corp
Rohde and Schwarz GmbH and Co KG
Thales SA
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Asia Pacific Military Antenna Regional Insights
The geographic scope of the Asia Pacific Military 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.
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Identical Market Reports with other Region/Countries
The List of Companies - Asia Pacific Military Antenna Market
1. BAE Systems Plc
2. Eylex Pty Ltd
3. L3Harris Technologies Inc
4. Lockheed Martin Corp
5. MTI Wireless Edge Ltd
6. Raytheon Technologies Corp
7. Rohde and Schwarz GmbH and Co KG
8. Thales SA
Frequently Asked Questions
How big is the Asia Pacific Military Antenna Market?
The Asia Pacific Military Antenna Market is valued at US$ 941.66 Million in 2022, it is projected to reach US$ 1,615.94 Million by 2030.
What is the CAGR for Asia Pacific Military Antenna Market by (2022 - 2030)?
As per our report Asia Pacific Military Antenna Market, the market size is valued at US$ 941.66 Million in 2022, projecting it to reach US$ 1,615.94 Million by 2030. This translates to a CAGR of approximately 7.0% during the forecast period.
What segments are covered in this report?
The Asia Pacific Military Antenna Market report typically cover these key segments-
What is the historic period, base year, and forecast period taken for Asia Pacific Military Antenna Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Military Antenna Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2030
Who are the major players in Asia Pacific Military Antenna Market?
The Asia Pacific Military Antenna Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
BAE Systems Plc
Eylex Pty Ltd
L3Harris Technologies Inc
Lockheed Martin Corp
MTI Wireless Edge Ltd
Raytheon Technologies Corp
Rohde and Schwarz GmbH and Co KG
Thales SA
Who should buy this report?
The Asia Pacific Military Antenna Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Military Antenna Market value chain can benefit from the information contained in a comprehensive market report.
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WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
Competitive Analysis and Assessment, Define Business Strategies, Market Outlook and
Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
Potential, Identify Regional Growth Engines