According to Fortune Business Insights, the global military antenna market size was valued at USD 4.05 billion in 2023 and is projected to grow from USD 4.32 billion in 2024 to USD 7.77 billion by 2032, exhibiting a CAGR of 7.6% during the forecast period. North America dominated the market in 2023 with a share of 37.53%, with the U.S. market expected to reach USD 2,152.9 million by 2032, driven by the increasing demand to replace conventional equipment with technologically advanced military communication systems.

An antenna is a device that utilizes a transformer to convert radio frequency (RF) signals into alternating current (AC), playing a critical role in military communication and surveillance systems. The global market is primarily driven by two major factors: rising military expenditures and the growing adoption of multi-function radar systems across defense forces. Fortune Business Insights™ presents this information in its report titled “Global Military Antenna Market, 2024–2032.”

Major Players Profiled in the Market Report:

• Antcom Corporation (U.S.)
• Cobham Advanced Electronic Solutions (U.K.)
• Comrod Communication AS (Norway)
• Eylex Pty Ltd. (Australia)
• Hascall-Denke (U.S.)
• L3Harris Technologies Ltd. (U.S.)
• Lockheed Martin Corporation (U.S.)
• MTI Wireless Edge Ltd. (Israel)
• Raytheon Technologies Corporation (U.S.)
• Rohde & Schwarz GmbH & Co KG (Germany)
• Terma A/S (Denmark)

Source:

https://www.fortunebusinessinsights.com/industry-reports/military-antenna-market-101824

Segments:

Lower Costs and Diverse Military Applications Propel High-Frequency Band-based Systems