New York, NY -- (SBWIRE) -- 05/15/2017 -- Increasing modernization of the military equipment coupled with the boost in legacy system around the world is expected to fuel the demand of military antenna market. Military antennas provide highly accurate tracking, surveillance, ground mapping, warning against aircrafts, weapons, etc. thereby enhancing the security. Apart from all the above mentioned features, military antenna used in the radars also provide missile guidance for accurate target tracking. The rise in border infiltration, terrorism activities, inter country conflicts, and attack prone borders are expected to drive military antenna market in the near future.
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On the basis of platform, ground platform is expected to dominate the military antenna market as they help in providing real time information related to ground penetration, unexploded tunnels, etc. during the war. However, the market for space based platform is expected to witness significant growth over the forecast period. Based on application, homeland security system is estimated to dominate the global military antenna system market over the forecast period. The advancement in the surveillance system such as 3D drones and multifunctional radars is estimated to have high potential to drive the military antenna market globally.
Global Military Antenna Market: Drivers
A major factor driving the growth of the global military antenna market is the rise in military spending. Moreover, escalation in the need for better border security is expected to upsurge the demand for military antenna market. Moreover, technological mushrooming coupled with the need of modern battle equipment is expected to fuel the betterment of military antenna market during the forecast period. Increasing use of military antenna in armored vehicles, naval vessels, aircraft, etc. speed up the expansion and growth of the global military antenna market.
Global Military Antenna Market: Restraints
High initial costs coupled with the large spending on R&D activities is expected to hamper the growth of military antenna market. Moreover, economic crisis in the European countries like Germany, Russia, U.K. etc. is expected to restrain the growth of the global military antenna market.
Global Military Antenna Market: Segmentation
Global Military antenna market can be segmented on the basis of platform, product type, frequency, applications, and regions. On the basis of platform, the market can be segmented into airborne, ground, naval, and space. On the basis of product type, the global military antenna market can be segmented into vehicle mount antennas, base station antennas, shipboard antennas, man-pack and portable antennas, and asset tracking antennas. On the basis of frequency, the market can be segmented into High Frequency (HF), Very High Frequency (VHF) and Ultra-High Frequency (UHF). On the basis of applications, global military antenna market can be segmented into homeland security system, UAVs (Unmanned Aerial Vehicles) and handheld equipment. On the basis of regions, market can be segmented into North America, Asia Pacific (APAC), Europe, Latin America, and Middle East & Africa.
Global Military Antenna Market: Region wise Outlook
Based on regions, North America is expected to be the most prominent revenue generating region in the global military antenna system market. North America spent nearly US$ 596 Bn., which holds nearly 36% of the entire world's spending on military, in 2015. However, in the U.S., there is a decline in spending on military by 2.4% in 2015. Asia Pacific is expected to witness significant growth during the forecast period. The military spending in Asia Pacific increased by 5.6% in 2015. Moreover, APAC and China accounted for nearly 50% share in the total military spending which is nearly four times the spending in military by India. Additionally, increasing border disputes in APAC is expected to drive the growth of military antenna market in this region. Latin America is projected to witness sluggish growth due to severe economic crisis.
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Global Military Antenna Market: Market Participants
Examples of some of the prominent players identified in the global military antenna market are as follows: MTI Wireless Edge, Eylex Pty Ltd., Cojot Oy, Antenna Products Corporation, Comrod Communications, Barker and Williamson, Rohde & Schwarz, Lockheed Martin Corporation, Raytheon Company, Terma, Harris Corporation.
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