Global Military Antenna Market Insights, Business Analysis and Key Companies in Industry Till 2027

The global military antenna market size is projected to reach USD 5.78 billion by the end of 2027. The rising military budget allocations will create several growth opportunities for the companies operating in the market.

The report involves several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the growth of the overall market in recent years. 

Accounting to the massive Investments in technological intervention by several companies, defense organizations are looking to collaborate with these tech companies. In May 2020, Raytheon Technologies announced that it has bagged a contract from the US Navy for the development and assembly of planar antennas.

In addition, the presence of several large scale tech-companies involved in manufacturing of military antennas will configure an increase in the overall market size. As of 2019, the market in North America was worth USD 1.84 billion and this value will rise significantly in the coming years. The market in the Asia Pacific will derive growth from the rising defense spending by leading countries such as India and China.

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