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The global aircraft antennas market size is projected to reach USD 626.6 million by 2026. It would gain impetus from the rising utilization of a technologically advanced anti-jam GPS navigation antenna named MAGNA. It was developed jointly by BAE Systems and Mayflower Communications. It is mainly used during battlefield operations in military aircraft. This information is published by Fortune Business Insights™ in a recent study, titled, “Aircraft Antennas Market Size, Share and Industry Analysis By Platform (Fixed-Wing, Rotary-Wing), By Frequency Band (VHF & UHF Band, Ka/Ku/K Band, HF Band, X Band, and C Band Others), By End-User (OEM, Aftermarket), By Application (Communication, Navigation & Surveillance) and Regional Forecast 2019 to 2026.” The study further states that the market stood at USD 472.4 million in 2018. But, it would exhibit a CAGR of 7.49% during the forecast period between 2019 to 2026.
Boeing Launches Flat Satellite Communications (SATCOM) Broadband Antenna
Boeing Phantom Works, a research and development organization under the Boeing Company, unveiled the latest flat satellite communications (SATCOM) broadband antenna. It is specially designed to bring in high-speed data to the military aircraft. The multi-channel terminal, as well as the low-profile electronically steered flat conformal antenna would be taken under production in 2020. The launch consumer is likely to be MQ-25, the Navy’s unmanned mid-air refueling tanker. Boeing is presently developing this tanker under a contract worth USD 805 million. According to the company officials, another potential consumer is likely to be a fixed-wing aircraft named V-22 Osprey by Marine Corps.
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Increasing Demand for Innovative Aircraft to Augment Growth
In today’s technology driven world, the demand for novel aircraft is rising day by day. Prominent organizations are striving to manufacture and deliver such aircraft to cater to the growing demand of the masses. Several countries are experiencing upgradation of the air traffic management infrastructure. It is occurring to refine the efficiency of the aviation industry globally. Aircraft antennas aids in remoulding the connectivity of the aircraft. These factors are set to accelerate the aircraft antenna market growth in the coming years. However, a rapid decline in the number of aircraft orders may obstruct market growth.
Key Players Focus on Bagging Contracts to Gain Competitive Edge
Many companies operating in the market are either trying to follow the latest aircraft antenna market trends or are achieving new contracts from other reputed enterprises to deliver new products. Their main aim is to increase sales and gain more consumers. They are also working persistently to develop Nano size aircraft that would be cost-effective at the same time.
A Significant Industry Development-
Fortune Business Insights™ profiles a list of companies present in the aircraft antennas market. They are as follows:
Further Report Findings-
The aircraft antenna market can be segmented in the following way:
Value (USD Million)
By Frequency Band