Oct 15, 2020   SOURCE: BusinessWire

Global Aircraft Antenna Market 2020-2025: Rising Demand for UAVs, eVTOL Drives the $400+ Million Market - ResearchAndMarkets.com

The "Global Aircraft Antenna Market by Platform, End-use (OEM, Aftermarket), Installation, Wing Type (VHF/UHF Band, KA/KU/K Band, HF Band, C Band, X Band, L Band, Others), Application, Frequency, Antenna Type, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global aircraft antenna market is projected to grow from USD 203 million in 2020 to USD 403 million by 2025, at a CAGR of 14.7% from 2020 to 2025.

The market is driven by various factors, such as the growing trend of modernization of aerospace sector and the rising demand for UAVs, eVTOL.

The aircraft Antenna market includes major players L3Harris Technologies, Inc. (US), Honeywell International Inc. (US), Cobham Limited (UK), Collins Aerospace (US), The Boeing Company (US). These players have spread their business across various countries includes North America, Europe, Asia-Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect aircraft antenna production and services by 7-10% globally in 2020.

"Commercial Aviation: The largest market share segment of the aircraft antenna market, by platform"

Commercial aviation is the platform segment contributing the largest share of the aircraft antenna market. The commercial aviation sector is expected to witness robust growth post-COVID-19 pandemic situation. This growth can be attributed to factors such as increasing air travel, the rise in disposable income of the middle-class population, and increased international trade and tourism across the globe. This increase in aircraft orders will drive the demand for antenna. The increase in the application scope of antenna in the platform mentioned above is expected to propel the market growth during the forecast period.

"Microstrip Antenna: The fastest-growing segment of the aircraft antenna market, by antenna type"

The microstrip antenna is the fastest-growing segment of the aircraft antenna market. This is owing to rising adoption of microstrip antenna in the aerospace sector. This significant adoption of microstrip antenna is due to its advantages such as low manufacturing cost, small size of anteena, light weight and omni directional operation which makes it ideal for many application within aicraft.

"Asia-Pacific: The fastest-growing region in the aircraft antenna market"

Asia-Pacific is projected to be the highest CAGR rate for the aircraft antenna market during the forecast period. The growth of this region is attributed to the demand for advanced connectivity and navigation systems in the aviation industry. With affordable air travel on the rise and relaxation in some government regulations, the Asia-Pacific region is witnessing an increased procurement of LCCs. Additionally, an increasing aerospace & defense expenditure and expansion in airline networks in emerging nations, such as India and China, have accelerated the demand for aircraft antenna in the region.

Companies Mentioned

  • ACR Electronics, Inc.
  • Aeronautical Accessories Inc. (Bell, Textron Inc.)
  • Amphenol Corporation
  • Antcom
  • Astronics
  • Azimut
  • Beijing Bdstar Navigation Co.Ltd.
  • Cobham plc
  • Collins Aerospace
  • Emergency Beacon Corp. (EBC)
  • Honeywell International Inc.
  • HR Smith Group of Companies
  • JDA Systems
  • L3Harris Technologies, Inc.
  • Mcmurdo
  • Rami
  • Sensor Systems Inc.
  • Spectrum Antenna & Avionics Systems (P) Limited
  • SRC, Inc.
  • STT-Systemtechnik GmbH
  • Tecom Industries, Inc
  • The Boeing Company
  • Trig Avionics Limited
  • U B Corporation
  • Verdant Telemetry & Antenna Systems

For more information about this report visit https://www.researchandmarkets.com/r/wbwmx3