The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across several countries have decided to allocate more budgets to the healthcare sector than the defense sector. The constant research and development activities to minimize the spread of the disease, as well as developing efficient treatment options, has influenced this decision. As a result, the reductions in budget allocations for military and defense applications will have an adverse effect on the growth of the military antenna market in the coming years.
The global military antenna market size is projected to reach USD 5.78 billion by the end of 2027. The rising military budget allocations will create several growth opportunities for the companies operating in the market.
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The rising defense budget allocations, especially in the United States, have made a positive impact on the growth of the regional market.
Additionally, the presence of several large scale tech-companies involved in manufacturing of military antennas will constitute an increase in the overall market size. As of 2019, the market in North America was worth USD 1.84 billion and this value will rise considerably in the coming years. The market in the Asia Pacific will derive growth from the rising defense spending by leading countries such as India and China.
List of companies profiled in the report:
- Antcom Corporation (California, the U.S.)
- Cobham PLC (Wimborne Minster, The U.K)
- Comrod Communication AS (Stavanger, Norway)
- Eylex Pty Ltd. (New South Wales, Australia)
- Hascall-Denke (Florida, The U.S.)
- L3Harris Technologies Ltd. (Florida, The U.S.)
- Lockheed Martin Corporation (Maryland, The U.S.)
- MTI Wireless Edge Ltd. (Israel)
- Raytheon Technologies (Connecticut, The U.S.)
- Rohde & Schwarz GmbH & Co KG (Munich, Germany)
- Terma A/S (Aarhus Municipality, Denmark)
- Other Players
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