According to the new market
research report "Aircraft
Antenna Market by End User (OEM, Aftermarket), Application (Communication,
Navigation & Surveillance), Platform (Aircraft, UAV), Frequency Band (VHF
& UHF Band, Ka/Ku/K Band, HF Band, X Band, C Band), Region - Global
Forecast to 2022", published by MarketsandMarkets™, the market is
estimated to be USD 310.6 Million in 2017 and is projected to reach USD 405.7
Million by 2022, at a CAGR of 5.49% during the forecast period from 2017 to
2022. The growth of the aircraft antenna market is driven by the increasing
demand for durable and efficient aircraft antennas from North America, Asia
Pacific, the Middle East, and Africa and the rising number of aircraft
deliveries across the globe.
Browse 63 Market Data Tables and
37 Figures spread through 150 Pages and in-depth TOC on "Aircraft Antenna
Market - Global Forecast to 2022"
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Based on end user, the OEM
segment is expected to lead the aircraft antenna market during the forecast
period.
Based on end user, the aircraft
antenna market has been segmented into OEM and aftermarket. The OEM end user
segment is expected to lead the aircraft antenna market during the forecast
period, as the number of aircraft deliveries is increasing worldwide.
Based on application, the
navigation & surveillance segment is projected to lead the aircraft antenna
market from 2017 to 2022.
With the rise in the number of
aircraft worldwide, there is an increase in airspace congestion that has led to
the increase in each flight level. Thus, enhanced safety features with navigation
and surveillance antennas have been introduced in aircraft. As the
manufacturing cost of military aircraft is higher than commercial aircraft, the
market for aircraft antennas used in military aircraft is expected to witness
significant growth between 2017 and 2022.
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The North American region is
estimated to account for the largest share of the aircraft antenna market in
2017.
Advancements in transmission technologies
and designs of antennas used in different types of aircraft are expected to
fuel the growth of the North America aircraft antenna market during the
forecast period. Furthermore, the Asia Pacific aircraft antenna market is
projected to grow at the highest CAGR during the forecast period. The growing
demand for different types of aircraft for civil & commercial applications
and increasing deployment of advanced aircraft antennas in military aircraft
for the navigation & surveillance application are factors influencing the
growth of the Asia Pacific aircraft antenna market.
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Key players in the market include Cobham (UK), Harris (US), Honeywell
(US), RAMI (US), etc.
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