Aircraft Antenna Market Trends and Forecasts
On a standard aircraft, there are many types of antenna that may be located on the belly of the fuselage, the nacelle, or other various areas. Each have different functionalities as well, whether they are for communication or GPS locating. Nevertheless, antennas are very important for the optimal functionality of aircraft, and as their uses grow, so do their demand.
Over the years from 2019 to 2025, the antenna market for aircraft is set to grow with an annual compound growth rate of 5.2%, driving the value upwards by $140 million. The aerospace industry is a constantly growing market, from increased passenger traffic across the globe to more commercial aircraft deliveries. Because of this, more aircraft are set to be manufactured and utilized, thus also increasing aircraft antenna production and sale.
Overall, the major countries that are spearheading this growth in demand include the United States, Germany, Japan, and China in regards to communications and other sectors. These countries alone account for tens of millions of dollars worth of market growth opportunity. Even Asia-Pacific, Latin America, and the Middle East also contain countries that are to help shape this development with their own markets.
Advancements in antenna technology is one major factor for this immense growth. With many aircraft featuring WiFi technology nowadays, antenna have to be designed with size and bandwidth in mind to achieve a perfect balance between drag and strength. Electronically steered antennas are a new technology that is slowly emerging into the market and are the possible solution to the heavy and bulky mechanical versions. This is due to the fact that they feature no moving components and have a high amount of power without taking as much room.
Between the increased size of the aerospace industry calling for more aircraft, as well as the constant improvement and the emergence of new antenna technology, it is safe to say that the aircraft antenna market will continue to see upwards growth potential. While key market players may account for much of this growth, other global markets will follow with their own vested interests.
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