A recent report published by Infinium Global Research on the aircraft antenna market provides in-depth analysis of segments and sub-segments in the global as well as regional aircraft antenna market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional aircraft antenna market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global aircraft antenna market. According to the report, the global aircraft antenna market is projected to grow at a CAGR of 7.82% over the forecast period of 2021-2027.

Market Insight

The value of the aircraft antenna market in 2021 was USD 602.6 billion and is expected to reach USD 946.9 billion in 2027 and is expected be growing with a CAGR of more than 7.82%. The device used to navigate the aircraft using radio frequencies is known as an aircraft antenna. The aircraft antenna is used to communicate with other planes and ground-based stations. The aircraft antenna is found outside the aircraft and inside the aircraft, and the main application of this antenna is navigation and communication. Furthermore, advanced materials are used for developing antennas for Unnamed Areal Vehicles (UAV), and reconfigurable liquid antennas are an upcoming trend in aircraft. Moreover, aircraft antennas are used in the military drone for search and rescue (SAR) operations which is also projected to fuel the growth of the aircraft antenna market. Additionally, the critical factor for the development of the market is the increasing number of aircraft deliveries.

The prime factors driving the aircraft antenna market are Increasing demand for military unarmed aerial vehicles, increasing airspace modernization programs, introducing advanced aircraft systems, replacing the legacy system, rising demand for advanced communication facilities, and navigation, along with increasing the number of airlines. Furthermore, the growing popularity of eVTOL aircraft and the emergence of aircraft manufacturers are expected to drive the market over the forecast period. However, the Long duration of product certification and the uncertainty of aircraft orders are some factors that hamper the market’s growth. Furthermore, the most prominent and foremost factor hampering the market’s growth is the increasing cost of manufacturing and designing. Nevertheless, new recent developments and trade regulations are projected to offer tremendous growth opportunities to the market.

North America is expected to dominate the market due to the prevalence of several large manufacturers and surging levels of investment in research activities to develop antennas with improved efficiency and reliability. There is a high demand for new aircraft and growing demand for aircraft for commercial applications and their increasing utility in the defense sector to carry out transport and surveillance activities, which are supposed to drive the market’s growth in the region. However, due to the growing aviation passenger traffic along with the increasing demand for new commercial aircraft, the Asia Pacific region is expected to grow during the forecast period.

Segment Covered

The report on global aircraft antenna market covers segments such as platform, frequency band, application, and end-user. On the basis of platform, the sub-markets include fixed wing, and rotary wing. On the basis of frequency band, the sub-markets include VHF/UHF band, Ku/Ka/K band, HF band, X band, and C band. On the basis of application, the sub-markets include communication, navigation, and surveillance. On the basis of end-user, the sub-markets include OEM, and aftermarket.

Companies Profiled:

The report provides profiles of the companies in the market such as L3Harris Technologies Inc. (US), Honeywell International (US), Collins Aerospace (US), Cobham Limited (UK), and The Boeing Company (US).

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of aircraft antenna market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.