Report : Europe Military Antenna Market Forecast to 2030 - Regional Analysis - by Type (Aperture Antennas, Dipole Antennas, Travelling Wave Antennas, Monopole Antennas, Loop Antennas, Array Antennas, and Others), Frequency (High Frequency, Very High Frequency, and Ultra-High Frequency), Platform (Marine, Ground, and Airborne), and Application (Communication, Telemetry, Electronic Warfare, Surveillance, and Navigation)
At 5.3% CAGR, Europe Military Antenna Market is Speculated to be Worth US$ 1,562.96 Million by 2030, Says Business Market Insights
According to Business Market Insights' research, the Europe military antenna market was valued at US$ 1,031.68 million in 2022 and is expected to reach US$ 1,562.96 million by 2030, registering a CAGR of 5.3% from 2022 to 2030. Growing incidents of unstable geopolitical scenario and advent of modern warfare technologies and surging defense expenditure are among the critical factors attributed to the Europe military antenna market expansion.
The growing unstable geopolitical scenario worldwide regarding Russia-Ukraine, and Russia-US the war is boosting the demand for advanced surveillance, communication, and navigation systems. The unstable geopolitical occurrences like wars between nations are jeopardizing the common life and also increasing the national security threat and uncertainties, which is the major reason behind growing focus on strengthening the security forces to combat such unwanted situations. The advanced communication and surveillance systems facilitate the development of a comprehensive and accurate analysis, aiding more precise threat assessments and target engagements. Thus, modern warfare scenarios emphasize heightened situational awareness, rapid data sharing, integrated defense systems, improved target engagement, electronic warfare capabilities, and compliance with evolving threats. Thus, the growing adoption of advanced warfare devices and equipment further drives the development of high-frequency military antennas to meet modern battlefield requirements. Moreover, many companies across the globe are focusing on investing in modern vehicles and devices to combat modern warfare technologies. In October 2023, Keysight Technologies, Inc. launched the Phased Array Antenna Control and Calibration solution that facilitates satellite designers fabricating active electronically scanned arrays specifically for satellite communications applications to test their designs in time of validation. The solution increases signal-pointing accuracy by enhancing the frequency of active antenna array components. Thus, the growing incidents of unstable geopolitical scenarios and the advent of modern warfare technologies drive the Europe military antenna market.
On the contrary, threat from jamming technologies hampers the growth Europe military antenna market.
Based on type, the Europe military antenna market is segmented into aperture antennas, dipole antennas, travelling wave antennas, monopole antennas, loop antennas, array antennas, and others. The dipole antennas segment held 31.1% share of the Europe military antenna market in 2022, amassing US$ 320.76 million. It is projected to garner US$ 501.12 million by 2030 to expand at 5.7% CAGR during 2022-2030.
By frequency, the Europe military antenna market is segmented into high frequency, very high frequency, and ultra-high frequency. The high frequency segment held 55.2% share of the Europe military antenna market in 2022, amassing US$ 569.66 million. It is projected to garner US$ 852.98 million by 2030 to expand at 5.2% CAGR during 2022-2030.
By platform, the Europe military antenna market is segmented into marine, ground, and airborne. The ground segment held 49.4% share of the Europe military antenna market in 2022, amassing US$ 509.85 million. It is projected to garner US$ 791.27 million by 2030 to expand at 5.6% CAGR during 2022-2030.
In terms of application, the Europe military antenna market is categorized into communication, telemetry, electronic warfare, surveillance, and navigation. The communication segment held 33.3% share of Europe military antenna market in 2022, amassing US$ 343.34 million. It is projected to garner US$ 529.39 million by 2030 to expand at 5.6% CAGR during 2022-2030.
Based on country, the Europe military antenna market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia held 33.8% share of Europe military antenna market in 2022, amassing US$ 348.98 million. It is projected to garner US$ 511.19 million by 2030 to expand at 4.9% CAGR during 2022-2030.
Key players operating in the Europe military antenna market are BAE Systems Plc, Comrod Communication AS, L3Harris Technologies Inc, Lockheed Martin Corp, Raytheon Technologies Corp, Rohde and Schwarz GmbH and Co KG, and Thales SA, among others.
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