The global flat panel antenna market is expected to grow from USD 408 million in 2022 to USD 1,440 million by 2027, at a CAGR of 28.7%.
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.
The flat panel antenna market is competitive, with 5 players—Kymeta Corporation (US), ThinKom Solutions (US), Hanwha Phasor (UK), TTI Norte (Spain), and L3Harris Technologies (US) holding a share of 42–47% between 2018 and 2022.
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Top 2 players in the flat panel antenna market are:
Kymeta Corporation (US)
Kymeta Corporation is one of the major players in the overall Flat panel antenna market. Product launches and deals such as agreements and partnerships play an important role in company’s portfolio and growth strategy. The major strategy that the company follows is based on the novel transformation of its solutions, which, in turn, can provide customers with one of its flat panel antenna solution. Lepton Global Solutions is a wholly owned subsidiary of Kymeta Corporation that provides satellite connectivity products and solutions including flat panel antennas. These products and solutions are used in various applications, such as defense, government, public safety, commercial and others.
ThinKom Solutions (US)
ThinKom Solutions is one of the important players in the flat panel antenna market. It offers phased array antennas and other solutions. The core offerings of the company are for industries such as maritime, high-speed rail application, commercial, defense and military. The company uses its expertise in these fields to bring out advancements in technologies such VICTS (variable inclination continuous transverse stub) technology that combines the advantages of mechanically steered and electronically scanned arrays solutions. It focuses on organic as well as inorganic growth strategy, which is evident from a large number of product launches, agreements and sales contracts. The company has a strong geographic footprint with a worldwide presence.
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
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