Military Antenna Market Size, Share, Growth Analysis, By Frequency(High Frequency, Ultra-High Frequency, Super High Frequency, Extremely High Frequency), By Type(Aperture Antenna, Dipole Antenna, Array Antenna, Traveling Wave Antenna), By Platform(Ground, Airborne, Marine), By Region - Industry Forecast 2024-2031

The military antenna market will be dominated by the North America region during the forecast period followed by Asia Pacific and Europe. The U.S.'s military superiority, increased spending on research and development, and increased budgetary allocations are all contributing factors to the region's progress. The United States is one of the big five global spenders in defence. The growing tensions between nations especially after the Ukraine- Russia conflict has compelled nations to increase defence budget, adopt cutting-edge technologies in military, increase military equipment and ammunition and research and development activities. Following that, the US has been actively increasing its military power. For example, he Aegis Ballistic Missile Defense (BMD) system was tested against an intercontinental ballistic missile target in November 2020 by the US Missile Defense Agency (MDA) and US Navy. In May 2019, the U.S. Ministry of Defense (MoD) also requested an additional USD 100 million for the fiscal year 2020 to fund the creation of a sophisticated missile defence system.

US military expenditures totalled $801 billion in 2021, a 1.4% decrease from 2020. The cost of the US military declined marginally from 3.7% of GDP in 2020 to 3.5% in 2021. Data shows that between 2012 and 2021, US funding for military research and development (R&D) increased by 24%, while funding for arms purchase decreased by 6.4%. Spending on both fell in 2021. However, the decline in R&D investment (-1.2%) was less severe than the decline in arms procurement spending (-5.4%). The increase in R&D spending suggests that the United States is focusing more on next-generation technologies and has repeatedly emphasised the need to preserve the US military’s technological edge over strategic competitors.

The market in Asia Pacific is estimated to expand at the greatest CAGR due to China's and India's rising military expenditures. Market participants in this area are making significant investments, which will increase demand for antennas. India would spend 54.2 billion USD on defence in its full fiscal year 2022–2023. A USD 22.26 billion sum has been allocated for the purchase of new military hardware, including platforms and weapons. New weapons will cost USD 7.43 billion for the Indian Air Force, USD 6.36 billion for the Navy, and USD 4.28 billion for the Army.

The European market is projected to rise at a high rate due to growing awareness of antenna systems using modern technology. The increase in government spending, the necessity for technological improvement, and the purchase of defence systems are all contributing factors to the region's growth. Russia tested the PL-19 Nudol sophisticated anti-satellite missile system in April 2020. It functions as both a satellite- and ballistic-missile-interceptor. Additionally, the Permanent Structured Cooperation initiative's TWISTER (Timely Warning and Interception with Space-based Theater Surveillance) interceptor missile development was approved by the European Union Council in 2019. (PESCO). Defense advancements of this nature will increase demand for military antenna systems. Due to the presence of OEMs and defence activities, South America, the Middle East, and Africa together accounted for a significantly lower percentage of the market. In addition, the region's market will benefit from an increase in development and testing due to the increase in defence investment.