PUNE, India, September 13, 2022 (GLOBE NEWSWIRE) — The Military antenna market size was $3.3 billion in 2021. The market size is expected to increase $3.67 billion 2022 to $6.61 billion until 2029 at a CAGR of 8.76% during the planned period. Fortune Business Insights™ publishes this information in a report entitled “Military Antennas Market, 2022-2029″. The market is expected to rise during the forecast period owing to increasing technological advancements in smart antennas and the introduction of engineered equipment instead of traditional ones.
List of key players profiled in the report:
- Antcom Corporation (USA)
- Cobham Advance Electronic Solutions (UK)
- Comrod Communication AS (Norway)
- Eylex Pty Ltd. (Australia)
- Hascall Thinking (USA)
- L3Harris Technologies Ltd. (UNITED STATES)
- Lockheed Martin Corporation (USA)
- MTI Wireless Edge Ltd. (Israel)
- Raytheon Technologies Corporation (USA)
- Rohde & Schwarz GmbH & Co KG (Germany)
- Terma A/S (Denmark)
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Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast CAGR | 8.76% |
| Value prognosis 2029 | $6.61 billion |
| base year | 2021 |
| Historical data | 2018-2020 |
| number of pages | 178 |
| Covered Segments | By application, by type |
| Military antenna market growth drivers | Increasing advances in technology to fuel market growth |
Effects of the Russia-Ukraine War:
The current war crisis between Russia and Ukraine has changed the dynamics of the European defense industry in 2022. About 25 nations planned to support the war crisis in Ukraine. These countries provide support in the form of arms support, finance, special military operations, and others. European and NATO countries are supplying ammunition, ground surveillance radars, fire detection weapons and other systems to western Ukraine via Poland. Therefore, an increase in demand for military antennas has recently been observed. These factors are expected to…
