The global aircraft antenna market was valued at USD 389.5 million in 2021 and is expected to grow from USD 400.7 million in 2022 to USD 631.1 million by 2029, reflecting a CAGR of 6.71% during the forecast period. In 2021, North America led the market, accounting for a 42.08% share.
The aircraft antenna market is experiencing steady growth, driven by increasing air travel, advancements in communication and navigation technologies, and the rising adoption of next-generation aircraft. Aircraft antennas play a crucial role in ensuring seamless communication, surveillance, and navigation by facilitating the transmission and reception of signals across various frequencies. The market is influenced by factors such as the expansion of commercial and military aviation, the growing need for in-flight connectivity, and stringent regulatory requirements for enhanced safety and operational efficiency. Key players in the industry are focusing on innovation, lightweight materials, and improved antenna performance to meet the evolving demands of modern aviation. With ongoing advancements in satellite communication and 5G integration, the aircraft antenna market is expected to witness significant expansion in the coming years.
Major Players Profiled in the Aircraft Antenna Market 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.)
Information Source:
https://www.fortunebusinessinsights.com/aircraft-antennas-market-102533
Segmentation
Fixed-Wing Platform Gain Ground with Rising Demand for Air Travel
In terms of platform, the market is segmented into rotary-wing and fixed-wing. The fixed-wing segment will account for a notable share of the global market on account of the rising number of aircraft deliveries and air travelers. For instance, Boeing delivered 340 aircraft in 2021, nearly double the total aircraft delivered in the preceding year.
Ka/Ku/K Band to Remain Dominant with Increasing Adoption of 5G
With respect to frequency band, the market is fragmented into Ka/Ku/K band, VHF & UHF band, C band, X band, HF band, and others. The Ka/Ku/K band segment will witness a significant CAGR during the forecast period, largely due to the trend for 5G in the aviation sector.
OEMs to Exhibit Profound Demand with Rising Presence of Antenna Providers
On the basis of end-user, the market is fragmented into aftermarket and OEM. The OEM segment will contribute notably toward the market share due to the presence of a large number of aviation antenna providers. End-users will continue to invest in surveillance, navigation, and communication systems for real-time data.
Navigation & Surveillance to Gain Uptick from Installation of Next-Gen GPS Antennas
From the application perspective, the market includes navigation & surveillance and commercial segments. The navigation & surveillance segment could expand at the highest CAGR, owing to strong demand for next-gen navigational antennas, including emergency locator transmitting antennas and GPS antennas.
From the regional ground, the market is segmented into Europe, North America, Asia Pacific, and the Rest of the World.
Report Coverage
The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has also delved into Porters’ Five Force analysis and SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings, and the prevailing business scenarios. The report also includes secondary resources such as annual reports, press releases, white papers, and journals.
Drivers and Restraints
Prevalence of State-of-the-art Infrastructure to Expedite Investments
The rising footfall of technologically advanced air traffic management aircraft could foster the aircraft antenna market share. Major stakeholders are likely to invest in innovation and modernization to boost efficiency in the aviation sector. For instance, the U.S. Federal Aviation Administration-led modernization of the U.S. air transportation systems added fillip to the industry growth. Furthermore, industry participants have upped investments in aircraft upgradation amidst a surge in military UAV demand. Soaring demand for unmanned systems could encourage leading companies to invest in aircraft antennas.
However, rigorous government regulations and a surging number of aircraft backlogs could mar the industry growth.
Regional Insights
North America to Provide Compelling Opportunities with Bullish Presence of Aircraft Fleet
Stakeholders are well-poised to inject funds into the U.S. and Canada in the wake of the presence of a soaring number of aircraft fleets. North America market size logged USD 163.9 million in 2021 and will witness an upward trajectory due to investments in modernized aircraft antennas. The U.S. will continue to invest in advanced antennas to foster navigation and surveillance portfolios.
Europe could emerge as a favorable investment hub against the backdrop of aircraft deliveries during the assessment period. The regional outlook is mainly attributed to the application of reconfigurable liquid antennas and air traffic. End-users will continue to inject funds across France, Italy, Germany, and the U.K. to expand their footfall.
Robust demand for commercial aircraft across China, India, and Australia could bolster the Asia Pacific aircraft antenna market growth. Emerging economies and advanced countries have augmented defense budgets, prompting companies to procure military helicopters and aircraft. Moreover, a surge in air travel will also provide impetus to regional growth.
Competitive Landscape
Stakeholders Prioritize Product Launches to Gain Ground
Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements, and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.
Key Industry Development
May 2021- Antcom Corporation announced to deliver its high-filtering antennas with interference robustness. These antennas will be equipped with high-filtering amplifiers that reject out-of-band interference, protecting GPS L1 and L2 signals.