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The Aircraft Antenna Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Aircraft Antenna Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.
The following are the key players in the Aircraft Antenna Market:
The Boeing Company
Honeywell International Inc.
Sensor Systems Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft Antenna Market value and growth drivers over the trend period of 2022-27. According to the report -
Aircraft antenna market is likely to witness an impressive CAGR of 7.2% during the forecast period. The rising demand for durable and competent aircraft antennas and the growing number of aircraft deliveries are expected to underpin the growth of the global aircraft antenna market. Further, the upsurge in the application of unmanned aerial vehicles in the military sector for critical defense missions and rescue operations is further expected to bolster the aircraft antenna market in the emerging economies.
Based on Application Type:
Based on the application type, the market is segmented as communication, and navigation surveillance. The navigation surveillance segment was estimated to account for the largest share of the market in 2018. The growth of this segment can be ascribed to the rise in bandwidth and the usage of high frequencies for navigation surveillance by aircraft.
Based on Region:
In terms of regions, the North American region was anticipated to be the largest market for aircraft antenna in 2018. Further, the aircraft antenna market is expected to register significant growth in the Asia-Pacific region in the coming five years owing to the rising aviation passenger traffic and the consequent claim for new commercial aircraft. The growing demand for next-generation advanced aircraft antennas from the emerging economies is also estimated to bolster the growth of the Asia-Pacific’s aircraft antenna market during the forecast period. Countries such as China, Brazil, and India have an enormous growth potential for the aircraft antenna market, as governments of these countries have paced up their defense expenditure to boost their civil commercial and military aircraft fleet.
Critical Questions Answered in the Report
- What are the key trends in the Aircraft Antenna Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on Aircraft Antenna Market?
- What are the key strategies adopted by the major vendors to lead in the Aircraft Antenna Market?
- What is the market share of the top vendors?
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