The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Aircraft Antenna Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aircraft Antenna Market is no different. Derived from the previous market scenario, the Aircraft Antenna Market is likely to witness an impressive CAGR of 7.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Market Share Analysis
Aircraft Antenna Market Share: By 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.
Aircraft Antenna Market Share: By 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.
Some of the major players in the aircraft antenna market are Antcom Corporation, The Boeing Company, Cobham plc, Harris Corporation, Honeywell International Inc., Sensor Systems Inc., and TECOM Group.