MEA Airport Antenna market is expected to reach US$ 257.12 million by 2027 from US$ 160.29 million in 2019. The market is estimated to grow at a CAGR of 6.2% from 2020 to 2027.
The report provides trends prevailing in the MEA airport antenna market along with the drivers and restraints pertaining to the market growth. MEA government raising financial spending for the expansion and construction of airports is the major factor driving the growth of the MEA airport antenna market. However, issues associated with installation and maintenance of aircraft antennas requiring high capital investment hinders the growth of MEA airport antenna market.
The MEA airport antenna market has been segmented into airport type, antenna type frequency band and application. Based on airport type, the MEA 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 MEA airport antenna market is segmented into dipole and monopole. Dipole segment held a substantial market share in 2019.
Based on frequency band, the MEA 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 MEA 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 has severely affected the MEA economy. In the MEA region, Iran, Saudi Arabia, Qatar, South Africa, and the UAE are some of the countries with high number of COVID-19 confirmed cases and deaths. The economic and industrial growth of these countries has been affected negatively in the past few months.
The region comprises various prominent economies such as the UAE, Saudi Arabia, GCC countries, and emerging African economies, which are prospective markets for airport antenna manufacturers. The MEA aviation industry has been shocked by the emergence of the COVID-19 virus across the region. Continuously falling number of passenger counts at airports until airport operations ceased by the governing authorities led the airports to observe downfall in revenue generation.
The region has a number of aircraft construction and expansion projects in the pipeline which are expected to be completed by 2020 and 2021, the temporary shutdown of construction activities are leading to slower than the usual adoption rate of technologies. This negatively impacting the airport antenna market. However, the MEA airport antenna market is expected to bolster by mid-2021 for upcoming years.
Cobham Limited; HENSOLDT; Northrop Grumman Corporation; Rohde & Schwarz GmbH & Co., Trema are among the leading companies in the MEA airport antenna market.
The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
For instance, in 2020, HENSOLDT South Africa acquired Defence and Security business Tellumat, and Air Traffic Management. This strategy will assist HENSOLDT further expand its portfolio as well as its presence in Africa.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. MEA Airport Antenna Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Airport Antenna Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Modernization of Airport Infrastructure
5.1.2 Ascending Need for Military Unmanned Aerial Vehicle (UAV)
5.2 Market Restraints
5.2.1 Installation and Maintenance of Aircraft Antennas Requiring Huge Capital Investment
5.3 Market Opportunities
5.3.1 MEA Government Raising Financial Spending for the Expansion and Construction of Airports
5.4 Future Trends
5.4.1 Modern and Technologically Advanced Airport Communication System Through DAS
5.5 Impact Analysis of Drivers and Restraints
6. Airport Antenna Market – MEA Analysis
6.1 MEA Airport Antenna Market Overview
6.2 MEA Airport Antenna Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. MEA Airport Antenna Market Analysis – by Airport Type
7.2 MEA Airport Antenna Market, by Airport Type (2019 and 2027)
7.3 Military Airport
7.4 Commercial Airport
8. MEA Airport Antenna Market Analysis – by Antenna Type
8.2 MEA Airport Antenna Market, by Antenna Type (2019 and 2027)
9. MEA Airport Antenna Market Analysis – by Frequency Band
9.2 MEA Airport Antenna Market, by Frequency Band (2019 and 2027)
9.3 High Frequency
9.4 Very High Frequency
9.5 Ultra High Frequency
10. MEA Airport Antenna Market Analysis – by Application
10.2 MEA Airport Antenna Market, by Application (2019 and 2027)
11. MEA Airport Antenna Market – Country Analysis
12. Impact of COVID-19 Pandemic on MEA Airport Antenna Market
12.1 MEA: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
- Cobham Limited
- HENSOLDT Inc
- Northrop Grumman Corporation
- Rohde & Schwarz GmbH & Co.
For more information about this report visit https://www.researchandmarkets.com/r/v4arur
Laura Wood, Senior Press Manager
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