Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Flat Panel Antenna Market size is expected to reach $1.8 billion by 2028, rising at a Market growth of 26.9% CAGR during the forecast period.
The Electronically steered segment acquired the maximum revenue share in the Global Flat Panel Antenna Market by Type in 2021; thereby, achieving a Market value of $1.1 billion by 2028. This is due to widespread Market availability of this type of antenna. Due to its compact size, along with a significant number of applications in the enterprise, maritime, land mobile, and aviation industries, electrically steered flat panel antennas are gaining a lot of traction from consumers. Also, electronically steered FPA systems are being provided by companies such as AlCAN Systems, C-COM Satellite Systems, Hanwha Phasor, and ThinKom Solutions. Therefore, with the increasing number of applications along with the significant prevalence of Market players in the industry, the growth of this segment is anticipated to rise dramatically over the forecast period.
The C & X band segment is showcasing a CAGR of 28.8% during (2022 - 2028). The increasing growth of the segment is attributed to the increasing investment of governments all over the world in bringing more advanced technologies across the defense and military sector across the world in order to offer enhanced communication to officers
The Military segment is leading the Global Flat Panel Antenna Market by Application in 2021, and thereby, achieving a Market value of $674.4 Million by 2028. Due to the growing popularity of satellite in a number of defense and military applications, the military sector would showcase an increased demand for flat panel antennas. Several governments around the world are establishing contracts with flat panel antenna businesses and manufacturers and forming strategic partnerships in order to bring enhanced services for military in rural and hard-to-reach places. Therefore, the growth of this segment is increasing.
The North America is the fastest growing region in the Global Flat Panel Antenna Market by Region in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $637.2 Million by 2028. The Europe Market is estimated to witness a CAGR of 26.1% during (2022 - 2028). Additionally, The Asia Pacific Market would experience a CAGR of 29.1% during (2022 - 2028).
The Market research report has exhaustive quantitative insights providing a clear picture of the Market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Market have been discussed in the report with the elaborated company profiles of Kymeta Corporation, Hanwha Phasor Ltd., TTI Norte S.L., ThinKom Solutions, Inc., Isotropic Systems Ltd., L-com Global Connectivity, OneWeb, ST Engineering iDirect, Inc., China Starwin Science & Technology Co., Ltd., and L3Harris Technologies, Inc.
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