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

Military Antenna Market size was valued at USD 3900 million in 2019 and is poised to grow from USD 4130.1 million in 2023 to USD 6918.7 million by 2031, growing at a CAGR of 5.9% in the forecast period (2024-2031).

Military antennas are used to enable precise monitoring, improved surveillance, and improved communication, military ships, armoured vehicles and military aircraft. Heavy machinery and other pieces of equipment sometimes have military antennae built into them as alarms to halt operations when they detect seismic tremor. Strong demands of military antennae come from military, industrial & commercial applications, which fuel the market's expansion. High defence spending by nations worldwide, defence modernization initiatives, rising security concerns, an increase in terrorist activity, international conflicts, attack-prone borders, border infiltration, and an increase in demand for cutting-edge combat gear are all factors that are propelling the global military antenna market. As per the Global Terrorism Index 2022, global terrorist attacks increased to 5,226 in 2019. Military antenna market will witness expansion when defence spending will increase globally. The total global military expenditure has increased by 0.7 % in real terms in 2019, reaching all time high $2113 billion, reports Stockholm International Peace Research Institute (SIPRI). The five largest military spenders in 2019 were the United States, China, India, the United Kingdom and Russia, together accounting for 62 % of the global expenditure.

High-frequency military antennas are widely employed because they improve the security of military systems by providing high security & surveillance, very accurate tracking, weapons & ground mapping, and warning against aircraft in the way. Throughout the projection period, it is predicted that a rise in the need for high-frequency military antennas due to an increase in terrorist activities, international wars, attack-prone frontiers, and border infiltrations will be seen. Due to the rising use of phased array antennas in military ships and aircraft owing to their advantages, such as high power and multipurpose uses, array antennas are the second fastest growing area of military antennas. For instance, Raytheon Technologies and the US Navy agreed to a contract in May 2020 for the production of array antenna assembly and replacement parts. The business also made the decision to provide the US Navy associated engineering services.

High maintenance costs, lack of funding, inflation, significant upfront investments in R&D, as well as the slump in the European economy, are some of the market restrictions for military antennas market.

The dynamics of the European defence sector in 2019 have been changed by the current Russia-Ukraine war crisis. There were plans to support the Ukraine conflict problem from over 25 countries. These nations aimed to offer assistance in the form of financing, special military operations, and support for weaponry. Ammunition, ground observation radars, firefinder guns, and other systems were delivered into western Ukraine via Poland by the NATO and European nations. As a result, a growth in the demand for military antenna was seen recently. As per reports, even amid the economic fallout caused due to the Covid-19 pandemic, world military spending was seen hitting record levels.

US Military Antenna Market is poised to grow at a sustainable CAGR for the next forecast year.