Aircraft Antenna Market Is Predicted to reach USD 403 Million by 2025 with CAGR of 14.7%

(I-TravelNewswire.Com, September 25, 2021 ) The report on the aircraft antenna market provides a detailed trend analysis from 2016 to 2025. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market.

The global aircraft antenna market size is projected to grow from USD 203 million in 2020 to USD 403 million by 2025, at a CAGR of 14.7% from 2020 to 2025. The market is driven by various factors, such as such as the growing trend of modernization of aerospace sector and the rising demand for UAVs and eVTOL.

Browse 253 market data Tables and 56 Figures spread through 272 Pages and in-depth TOC on "Aircraft Antenna Market - Global Forecast to 2025"

Based on the platform, commercial aviation captures highest market share. In commercial aviation, narrow-body aircraft is expected to have the second-largest market share during the forecasted period. The demand for domestic air travel has been increasing in countries such as India, Japan, Australia, China, the US, and Russia. With the increase in air travel, the demand for narrow-body aircraft will also grow across the world. A320 neo, Bombardier C-series, next-generation B737, and Embraer are some of the aircraft that are considered under the narrow-body aircraft segment. According to the Boeing Company (US), 61% of the single-aisle aircraft is used by the low-cost carriers (LCCs) present across the world.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=76582743

Based on end-use, the aftermarket is estimated to be the largest and fastest-growing segment in the aircraft antenna market. Aftermarket companies are primarily engaged in the service, maintenance, and upgrade of aircraft Antenna, which are being replaced during maintenance procedures. Increasing aircraft fleet size is one of the most significant factors contributing to the demand for aircraft retrofit parts, thereby driving the growth of the aftermarket segment.

Based on antenna type, the microstrip antenna segment is estimated to show higher growth as compared to other types of antenna type subsegments this is owing to rising adoption of microstrip antenna in the aerospace sector. This significant adoption of microstrip antenna is due to its advantages such as low manufacturing cost, small size of antenna, light weight and omni directional operation which makes it ideal for many applications within aircraft.

Regional Outlook

Based on the region, the aircraft antenna market has been segmented into six regions, namely, North America, Europe, Asia Pacific, the Middle East, and South America and Africa. Asia Pacific is expected to record the highest growth rate during the forecast period. Countries in the Asia Pacific region are undergoing developments in the field of aircraft antenna. The rise in demand for low-cost carriers (LCCs) in the Asia Pacific region is one of the factors driving the growth of the aircraft antenna market.

Key Companies Outlook

Key manufacturers of aircraft Antenna are based in North America. These players include L3Harris Technologies, Inc. (US), Honeywell International Inc. (US), Collins Aerospace (US), The Boeing Company (US). These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, and Asia Pacific.

Boing is also one of the major players in the aircraft antenna market. Boeing has adopted the strategy of incremental innovation to upgrade its existing systems, maximize customer benefits, and minimize developmental risks. The company focuses on acquiring contracts and launching new products to broaden its product portfolio. Boeing has a strong financial record paired with immense resources in the form of workforce and innovation. This makes the company one of the strong players in the market.

Get Sample Here:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=76582743

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com