North American Industry for Airport Antenna to 2027 - Advancement in Airport Infrastructure are Driving Growth - ResearchAndMarkets.com

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Jan 15, 2021 09:59 am
DUBLIN -- 

The "North America Airport Antenna Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Airport Type, Antenna Type, Frequency Band, and Application" report has been added to ResearchAndMarkets.com's offering.

According to this report the market is expected to reach US$ 624.97 million by 2027 from US$ 440.17 million in 2019. The market is estimated to grow at a CAGR of 4.6% from 2020 to 2027. The report provides trends prevailing in the North America airport antenna market along with the drivers and restraints pertaining to the market growth. Advancement of airport infrastructure is the major factor driving the growth of the North America airport antenna market. However, issues associated with expensive installation and maintenance of aircraft antennas hinders the growth of North America airport antenna market.

The North America airport antenna market has been segmented into airport type, antenna type frequency band and application. Based on airport type, the North America airport antenna market is segmented into military airport and commercial airport. Commercial airport segment held the largest market share in 2019. Based on antenna type, the North America airport antenna market is segmented into dipole and monopole. Dipole segment held a substantial market share in 2019. Based on frequency band, the North America airport antenna market is categorized into high frequency, very high frequency, and ultra-high frequency. Very high frequency held the largest share and also is the fastest growing segment during the forecast period. Based on application, the North America airport antenna market is segmented into SATCOM, surveillance, navigation, and others. SATCOM held the largest market share throughout the forecast period.

Also the ongoing COVID-19 is having a very devastating impact over the North America region. Presently, the US is the worst-affected country due to the COVID-19 outbreak. North America is one of the most important regions for the adoption and growth of new technologies owing to favorable government policies to boost innovation, the presence of a high-tech companies, and high purchasing power, especially in developed countries such as the US and Canada. The US is the worst-hit country in North America, with thousands of infected individuals facing severe health conditions across the country. The continuous growth of infected individuals had led the government to impose lockdown across the nation's borders in last few months. The airport closure for regular passengers has led the airports to experience deflation in revenue. The adoption rate of technological adoption among US airports is decent, and owing to the closure of airports, the demand has shrunken to a drastic level. Additionally, the overall construction processes, research and development activities would also get affected in the short term. This showcasing a negative effect on the airport antenna market. However, the impact of COVID-19 is short-term and is likely to decrease by 2022.

Reasons to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America airport antenna market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America airport antenna market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the airport antenna market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Market Dynamics

Drivers

  • Advancement of Airport Infrastructure
  • Increasing Use of Military Unmanned Aerial Vehicle (UAV)

Restraints

  • Expensive Installation and Maintenance of Aircraft Antennas

Opportunities

  • North America Witnessing Rise in Government Investment for the Expansion and Construction of Airports

Future Trends

  • DAS Providing Smart Airport Communication System

Companies Mentioned

  • Amphenol Procom
  • Antenna Product Corporation
  • Comrod Communication AS.
  • HENSOLDT Inc
  • Northrop Grumman Corporation
  • Rohde & Schwarz GmbH & Co.
  • Terma
  • Wade Antenna, Inc
  • Watts Antenna Company

For more information about this report visit https://www.researchandmarkets.com/r/e7gbzy

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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