Markets NEWS: The aircraft antenna market is estimated to be USD 294.4 Million in 2016 and is projected to reach USD 405.7 Million by 2022, at a CAGR of 5.49% during the forecast period.
The base year that has been
considered for this study on the aircraft antenna market is 2016 and the
forecast period is from 2017 to 2022
Press Release
The aircraft antenna 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 growing demand for durable and efficient aircraft antennas and the
increasing number of aircraft deliveries is expected to drive the growth of the
aircraft antenna market during the forecast period.
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The aircraft antenna
market is expected to grow at a significant pace during the forecast period due
to the increasing number of aircraft deliveries from the Middle East, Asia Pacific,
and Africa. Moreover, the rise in the application of unmanned aerial vehicles
in the military sector for critical defense missions and rescue operations is
further expected to drive the aircraft antenna market in emerging economies.
However, high cost involved in the manufacturing of aircraft antennas acts as a
challenge for the growth of the aircraft antenna market.
The demand for different types of
aircraft is estimated to grow at a significant rate during the forecast period.
Different types of aircraft are used to transport passengers and cargo from one
place to another. These aircraft are equipped with modern and advanced antennas
resulting in reduced probability of interference in communication and
navigation operations.
Based on application, the
navigation & surveillance segment is estimated to account for the largest
share of the aircraft antenna market in 2017. The growth of this segment can be
attributed to the increase in bandwidth and the use of high frequencies for
navigation & surveillance by aircraft.
Know more about the Global Market:
Cobham (UK), Harris (US), Boeing
(US), Honeywell (US), RAMI Aviation (US), TECOM (US), and AZIMUT (Russia) are
some of the established players in the aircraft antenna market. These players
not only offer different products and services to cater to the needs of their
customers but also provide a broad range of aftermarket, engineering,
refurbishment, technical, and information services.
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