June 22, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Aircraft Antenna Market.
It was estimated prior to this unanticipated outbreak that the 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.
Market Scope & Segmentation
Aircraft Antenna is used by the aircraft for communication with air traffic control. There can be different sizes and types of antennas that are used by different aircraft types depending upon the frequency band. VHF & UHF, Ka/Ku/K, HF, X, C, many others are different types of frequency bands on which the type of antenna depends. Not just communication, the aircraft antenna is also useful in navigation and surveillance. Different antennas have different characteristics and depending on them, their location on the aircraft is set.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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.
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.
Key players operating in the global Aircraft Antenna market are-
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Aircraft Antenna analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors