Report : Asia Pacific Airport Antenna Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Airport Type (Military Airport and Commercial Airport), Antenna Type (Dipole and Monopole), Frequency Band (High Frequency, Very High Frequency, and Ultra High Frequency), and Application (SATCOM, Surveillance, Navigation, and Others)
Very High Frequency Segment to Dominate APAC Airport Antenna Market during 2019–2027
According to The Insight Partners market research study on “APAC Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Airport Type, Antenna Type, Frequency Band, and Application” is expected to reach US$ 416.06 million by 2027 from US$ 242.32 million in 2019. The market is estimated to grow at a CAGR of 7.1% from 2020 to 2027. The report provides trends prevailing in the APAC airport antenna market along with the drivers and restraints pertaining to the market growth. High-tech and superior airport communication system through distributed antenna system (DAS) is the major factor driving the growth of the APAC airport antenna market. However, issues associated with huge installation cost and maintenance expenses of aircraft antennas hinders the growth of APAC airport antenna market.
The APAC airport antenna market has been segmented into airport type, antenna type frequency band and application. Based on airport type, the APAC 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 APAC airport antenna market is segmented into dipole and monopole. Dipole segment held a substantial market share in 2019. Based on frequency band, the APAC 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 APAC 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 negative impact over APAC region. APAC is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, strategic government initiatives, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various solutions and services markets, including airport antenna market. The outbreak of coronavirus had an impact on industries owing to the uncertainty in the supply chain and user demand. APAC accounts for the largest count of new airport construction and airport expansion. China leads the table in the APAC with significantly in terms of numbers and investments followed by India. Both the countries have been experiencing tremors of COVID-19 pandemic. This had led to a sudden suspension of construction activities in last few months, which, in turn, had a negative effect on the supply chain of technologies. Additionally, the airport businesses had also been adjourned temporarily, which led to slow down the adoption rate of technologies among the airport authorities and airlines. Till now, India has the highest number of COVID-19 confirmed cases and reported deaths. APAC is a crucial region in terms of fastest growing aviation industry. According to 2019, annual world airport traffic report, China had 18.1% contribution to the passenger traffic worldwide, and India contributed 5.9% to the global passenger traffic. Around 3.3 billion passenger traffic is from the APAC region. The COVID-19 pandemic has interrupted business operations of various airport construction and development businesses. The governments of countries such as India and China are taking drastic measures to reduce the effects of COVID-19 outbreak by announcing lockdowns and travel bans. These measures are expected to have a negative impact on the growth of airport antenna market in this region, at least for coming 6 months.
Cobham Limited, HENSOLDT, Northrop Grumman Corporation, Rohde & Schwarz GmbH & Co. and Terma are among the leading companies in the APAC 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, Rohde & Schwarz launched SHOWTIME, a virtual sales and marketing initiative that provides new and different approaches to customer engagement.
The report segments the APAC Airport Antenna Market follows:
APAC Airport Antenna Market – By Airport Type
APAC Airport Antenna Market – By Antenna Type
APAC Airport Antenna Market – By Frequency Band
APAC Airport Antenna Market – By Application
APAC Airport Antenna Market – By Country