According to a research report "Flat Panel Antenna Market with Covid–19 Impact by Type (Electronically Steered, Mechanically Steered), Frequency (C and X, Ku, K, Ka), End–Use Application (Aviation, Telecommunications, Military) and Region - Global Forecast to 2027" published by MarketsandMarkets, the flat panel antenna market is estimated to be valued at USD 408 million in 2022 and reach USD 1,440 million by 2027; it is expected to grow at a CAGR of 28.7% during the forecast period (2022–2027)
Browse 153 market data Tables and 46 Figures spread through 220 Pages and in-depth TOC on "Flat Panel Antenna Market with Covid–19 Impact by Type (Electronically Steered, Mechanically Steered), Frequency (C and X, Ku, K, Ka), End–Use Application (Aviation, Telecommunications, Military) and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/flat-panel-antenna-market-107890586.html
Growing investments in space exploration and satellite launches, rising demand for electronically steered antennas worldwide, rising demand for innovative and compact antenna systems, and growing adoption of low cost, low profile antennas in various commercial and military applications will drive the demand for this market in the near future. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communication applications has increased their demand across the globe. Other factors driving the market growth include growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized flat panel antennas.
Electronically Steered type is expected to witness the highest market share and growth rate during the forecast period
Based on different types, the market has been segmented into two categories: electronically steered and mechanically steered. Electronically steered antenna is the leading type in the flat panel antenna market in terms of CAGR and market size. This is mainly because of its low cost and high market acceptance. Electrically steered flat panel antenna is expected to gain traction due to compact size, low cost, and significant adoption in enterprise, maritime, land mobile and aviation industries. AlCAN Systems (Canada), C-COM Satellite Systems Inc (Canada), Hanwha Phasor (UK), and ThinKom Solutions (US) are some of the players providing electronically steered FPA systems.
Commercial application is expected to have the largest market share during the forecast period
The commercial application is expected to grow at the highest CAGR in the flat panel antenna market. The commercial segment cater to a variety of applications, especially commercial shipping, boating, super yachts, passenger vehicles and other applications. The flat panel antennas used for such applications are smaller and more discreet than the large radomes generally used on bigger vessels for broadband satellite communication. These flat panel antennas include ESA OR phased array antennas which track satellites electronically while the units themselves are stationary, so there are no moving parts to wear out and potentially fail. Thus, rising demand for such antennas in different commercial applications is driving the growth of flat panel antenna market.
Asia Pacific is the leading flat panel antenna market in terms of CAGR globally.
APAC is expected to contribute to the highest CAGR during the forecast period in the flat panel antenna market. APAC is the major market for consumer and commercial segment due to its growing population. Key countries in APAC include China, Japan, India, and South Korea. Rapid developments related to flat panel antenna in telecommunication applications also provide growth opportunities for the market in APAC as trend for 5G in APAC is growing at a fast pace. Other factors contributing to the rising demand for flat panel antennas in APAC include technological advancements in antenna technology, increased awareness of the benefits of using flat panel antennas among the masses, and the cost-effectiveness of these antennas. Electronically steered flat panel antenna type is famous and reliable way initiate satellite communications and retrieve data and information in telecommunications and commercial sectors in Asia and other continents.
Key Market Players
In 2021, the flat panel antenna market is dominated by players such as Kymeta Corporation (US), ThinKom Solutions(US), Hanwha Phasor (England), TTI Norte (Spain), and L3Harria Technologies (US).
Don’t miss out on business opportunities in Flat Panel Antenna Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
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.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441