Flat Panel Antenna Market Expected to Reach $5.0 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Flat Panel Antenna Market By Type (Electronically Steered, Mechanically Steered), By Operating Frequency (C And X Band, Ku K And Ka Band), By End-Use Vertical (Aviation, Telecommunications, Military, Commercial, Others): Global Opportunity Analysis And Industry Forecast, 2022-2031" The flat panel antenna market was valued at $435.90 million in 2021, and is estimated to reach $5.1 billion by 2031, growing at a CAGR of 28.1% from 2022 to 2031.

A flat panel antenna, which only sends and receives radio signals in one direction, is one sort of directional antenna. Its wider beam enables the signal to disperse across a larger area. Flat-panel antennas are now being developed for maritime satellite communications applications in addition to being used for military, naval, and commercial aircraft radar. A general trend toward creating and growing larger spacecraft with massive components emerged in the early years following the discovery of satellites, which increased the satellites' capabilities and effectiveness.

The commercial market serves a wide range of applications, including passenger vehicles, super yachts, commercial shipping, and watercraft. Smaller and more covert than the bulky radomes often employed on larger vessels for broadband satellite communication, flat panel antennas are used for such applications. There are no moving elements to wear out and perhaps fail with these flat panel antennas, which feature ESA OR phased array antennas that monitor satellites electronically while the devices themselves are immobile. As a result, the market for flat panel antennas is expanding due to the increasing demand for such antennas in various commercial applications.

According to the flat panel antenna market analysis, the mechanically steered antenna segment was the highest contributor to the market in 2021. Telecommunication and aviation collectively accounted major market share in 2021. The mechanically steered antennas are the largest segment in flat panel antennas, owing to their need for physical movement, tracking capability, power handling, and high gain requirements.

COVID-19 had a significant impact on the flat panel antenna industry as a result of the pandemic lockdown's disastrous impacts on the industrial sector across several industries. As a result of the unanticipated lockout in 2020, the market for flat panel antennas has been affected by disruptions in manufacturing, production, demand, and supply of antenna components. The manufacture of antenna systems, subsystems, and individual components is also impacted. Although the manufacture of antenna equipment has temporarily ceased due to supply chain disruptions, this equipment is essential for a satellite to operate effectively.

The flat panel antenna market is segmented into Type, Operating Frequency, End-Use Vertical, and Region. The mechanically steered antenna segment is the largest segment in by type segment in the flat panel antenna market. By operating frequency, the C & X band is expected to grow with an impressive CAGR during the forecast period. Based on End-Use Vertical, the aviation segment is the fastest-growing segment in the year 2021.

Region-wise, North America holds a significant share in the global Flat Panel Antenna Market Trends, owing to the presence of prime players in this region. In North America authorities have expressed a strong enthusiasm in implementing SATCOM infrastructure. The rising adoption of flat panel antennas in various end-use verticals is providing lucrative market opportunities. The North America flat panel antenna market was valued at $156.1 million in 2021 and is projected to reach $1,822.5 million by 2031, registering a CAGR of 28.2% from 2022 to 2031. The telecommunications segment was the highest revenue contributor with $56.7 million in 2021 and is estimated to reach $682.4 million by 2031, with a CAGR of 28.6%. The aviation segment is estimated to reach $445.8 million by 2031, at a significant CAGR of 30.0% during the forecast period.

Key Benefits For Stakeholders

• The electronically steered segment was the highest revenue contributor to the market, with a CAGR of 3.8%.
• The Aviation segment is estimated to reach $12,000 million by 2031, at a significant CAGR of 30% during the forecast period also the detailed flat panel antenna market Analysis regarding the aforementioned segment is provided in the report.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis on flat panel antenna market Growth as well as flat panel antenna market Size.
• The report includes the market share of key vendors and flat panel antenna market share analysis.
• The report also provide brief overview about flat panel antenna market as the associated market of the title.