Aircraft Antenna Market
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The aircraft antenna market is estimated to be USD 294.4 Million in 2016 and is projected to reach USD 405.7 Million by 2022, at a CAGR of 5.49% during the forecast period. The base year that has been considered for this study on the aircraft antenna market is 2016 and the forecast period is from 2017 to 2022.
Cobham (UK), Harris (US), Boeing (US), Honeywell (US), RAMI Aviation (US), TECOM (US), and AZIMUT (Russia) are some of the established players in the aircraft antenna market. These leading players offer systems, products, and services based on advanced technologies. They also provide a broad range of engineering, technical, aftermarket, refurbishment, and information services for aircraft antennas.
The aircraft antenna market is expected to grow at a significant pace during the forecast period due to the increasing number of aircraft deliveries from the Middle East, Asia Pacific, and Africa. Moreover, the rise in the application of unmanned aerial vehicles in the military sector for critical defense missions and rescue operations is further expected to drive the aircraft antenna market in emerging economies. However, high cost involved in the manufacturing of aircraft antennas acts as a challenge for the growth of the aircraft antenna market.
The demand for different types of aircraft is estimated to grow at a significant rate during the forecast period. Different types of aircraft are used to transport passengers and cargo from one place to another. These aircraft are equipped with modern and advanced antennas resulting in reduced probability of interference in communication and navigation operations.