Middle East & Africa 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)
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The airport antenna market in the MEA is expected to grow from US$ 160.29 million in 2019 to US$ 257.12 million by 2027; it is estimated to grow at a CAGR of 6.2% from 2020 to 2027.
Saudi Arabia, South Africa and UAE are major economies in MEA. MEA government raising financial spending for the expansion and construction of airports is the major factor driving the MEA airport antenna market. With the growing number of air passenger and air traffic across MEA, the demand for airport enhancement is also boosting. The government of different countries is robustly investing toward the airport's expansion and construction to handle the increasing number of air passengers. Several airport construction projects are ongoing across different countries, which demand the integration of innovative and advanced technological equipment to streamline the airport's overall operational efficiency. For instance, in January 2020, the UAE's General Civil Aviation Authority (GCAA) announced that the nation invested around US$ 272 billion for the development of airport infrastructure projects up till now. Some examples of latest investments are Several airport construction projects are going on in the region, such as the maximum value project is Al Maktoum International Airport in the UAE, tracked by the CIC which is estimated to cost around US$D 36.0 billion, and is followed by the King Abdulaziz International Airport in Saudi Arabia which is worth of US$ 29.2 billion. The presence of a well-known airport antenna manufacturer is intensely aiming at the development of advanced products and expanding its footprint in the region. For instance, in 2020, HENSOLDT South Africa acquired Defence and Security business Tellumatand Air Traffic Management. This strategy will assist HENSOLDT further expand its portfolio as well as its presence in Africa. Thus, huge investment for the construction of airport is creating enormous opportunity for the airport antenna manufacturers to develop and introduce innovative products and solutions.
Further, 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 is negatively impacting the airport antenna market. However, the Middle East & Africa Airport Antenna market is expected to bolster by mid-2021 for upcoming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA airport antenna market. The MEA airport antenna market is expected to grow at a good CAGR during the forecast period.
MEA Airport Antenna Market
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MEA Airport Antenna Market Segmentation
MEA Airport Antenna Market – By Airport Type
- Military Airport
- Commercial Airport
MEA Airport Antenna Market – By Antenna Type
- Dipole
- Monopole
MEA Airport Antenna Market – By Frequency Band
- High Frequency
- Very High Frequency
- Ultra High Frequency
MEA Airport Antenna Market – By Application
- SATCOM
- Surveillance
- Navigation
- Others
MEA Airport Antenna Market, by Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
MEA Airport Antenna Market - Companies Mentioned
- Cobham Limited
- HENSOLDT Inc
- Northrop Grumman Corporation
- Rohde & Schwarz GmbH & Co.
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- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA 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 MEA 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