
Published On: Oct 2022
Published On: Oct 2022
At 8.7% CAGR, the Europe Defense Integrated Antenna Market is projected to be worth US$ 612.03 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe defense integrated antenna market was valued at US$ 371.76 million in 2022 and is expected to reach US$ 612.03 million by 2028, registering an annual growth rate of 8.7% from 2022 to 2028. Shift from traditional warfare systems to advanced warfare systems and rise in focus of vendors on developing miniaturized antenna-based systems are the critical factors attributed to the market expansion.
One of the main elements adding to the growing demand for defense integrated antenna systems is the rapid shift from traditional warfare to advanced modern warfare systems. Due to the steady developments of network-related technologies, the typical traditional warfare systems are replaced with advanced modern warfare systems. Antennas are used in defense applications as part of retrofitting activities. Advanced warfare systems works on the proficiency of such frameworks by accurately identifying and tracking objects and further developing surveillance capabilities and awareness of the situation. Thus, this change in the outlook from traditional warfare to advanced modern warfare is driving the defense integrated antenna market.
On the contrary, complex design of integrated antenna systems hampers market Europe defense integrated antenna market.
Key players dominating the Europe defense integrated antenna market are Terma A/S; ASELSAN A.Ş.; Raytheon Technologies Corporation; Viasat, Inc.; Lockheed Martin Corporation; L3Harris Technologies, Inc.; Thales Group; Honeywell International Inc.; Rohde & Schwarz and General Dynamics Corporation.
Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com