The flat panel antenna global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Flat Panel Antenna Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The flat panel antenna market size has grown exponentially in recent years. It will grow from $0.40 billion in 2023 to $0.49 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to electronically steered phased array, increasing research on space exploration from every country across the globe, increasing demand for the electronically steered array flat panel antenna, rising demand of electronically steered antenna for phased array technology, increasing demand for UAVs and focus on development of compact antenna systems for UAV platforms.
The flat panel antenna market size is expected to see exponential growth in the next few years. It will grow to $1.12 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to rise in usage of low-cost antennas, increase in the growth of various commercial and autonomous vehicles, rising demand for compact antenna systems, growing investments in space exploration and satellite launches, rising demand for electronically steered phased array flat panel antennas. Major trends in the forecast period include technological advancements, development of ultra-compact, low profile flat panel antennas for advanced ground combat vehicles, antennas for advanced ground combat vehicles, technological advancements in the satellite sector, adoption of compact, scalable, and beamforming antennas for improved efficiency.
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Scope Of Flat Panel Antenna Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Flat Panel Antenna Market Overview
Market Drivers –
The growing number of satellite launches is expected to propel the growth of the flat-panel antenna market going forward. Satellite launches refer to the procedure of propelling satellites into orbit from the surface of the Earth using different launch vehicles, including rockets or spaceplanes. Satellite launches are on the rise due to several factors, including the increased demand for Earth observation and remote sensing, increasing space exploration, and increasing defense needs. Flat-panel antennas receive signals from numerous satellites at the same time, serving as crucial components for connecting the satellite’s wider coverage regions. For instance, in September 2022, according to the United States Government Accountability Office, a US-based government agency, there were around 5,500 operational satellites in orbit. Further estimates indicate that by 2030, 58,000 more satellites are expected to be launched. Therefore, the growing number of satellite launches is driving the growth of the flat-panel antenna market.
Market Trends –
Major companies operating in the fleet management software market are focused on developing advanced technological solutions, such as GPS (Global Positioning System) fleet tracking and dual-facing dashcam solutions, to enhance vehicle monitoring, optimize fleet efficiency, and improve overall safety and compliance measures. GPS fleet tracking and dual-facing dashcam solutions offer comprehensive tools for fleet management, combining real-time vehicle tracking with video recording capabilities. For instance, in August 2023, Bridgestone Americas, a US-based corporation specializing in the manufacturing and distribution of tires, automotive parts, and industrial products, launched Azuga Fleet Management Solutions on AWS Marketplace, marking its debut product release since joining the AWS Partner Network (APN). With direct access via AWS accounts, fleet customers can conveniently discover, evaluate, purchase, and deploy the software, benefiting from streamlined billing and deployment processes and buyer incentives. This initiative aligns with the ‘Efficiency’, ‘Extension’, and ‘Ease’ values of Bridgestone’s E8 Commitment, aiming to drive effective management practices and earn the trust of future generations.
The flat panel antenna market covered in this report is segmented –
1) By Type: Mechanically Steered, Electronically Steered
2) By Frequency: Ku, K, And Ka-Band, C And X band
3) By End-User: Telecommunications, Military, Aviation, Commercial, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the flat panel antenna market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the flat panel antenna market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the flat panel antenna market are Kymeta Corporation, ThinKom Solutions Inc., Hanwha Phasor Ltd., TTI Norte S.L., OneWeb, L3Harris Technologies Inc., Ball Aerospace, Radio Waves, SatPro M&C Tech Co. Ltd, NXT Communications Corporation, ALCAN Systems GmbH, MTI Wireless Edge, C-COM Satellites Systems Inc., Gilat Satellite Networks, China Starwin Science & Technology Co., Ltd, ST Engineering Ltd, Cobham Aerospace Communications, Inmarsat, Isotropic Systems Limited, L-com Global Connectivity, Danaher Corporation , MTI Wireless Edge Limited, Kymeta Corporation, mWAVE Industries LLC, OneWeb Inc., RadioWaves Inc., SatPro M&C Tech Co. Ltd.
Table of Contents
1. Executive Summary
2. Flat Panel Antenna Market Report Structure
3. Flat Panel Antenna Market Trends And Strategies
4. Flat Panel Antenna Market – Macro Economic Scenario
5. Flat Panel Antenna Market Size And Growth
…..
27. Flat Panel Antenna Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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