Analyst Perspective:
In terms of value, the military antenna market in South Korea was valued at US$ XX million in 2022 and is projected to reach US$ XX million by 2030; it is expected to grow at a CAGR of 3.9% during the forecast period.
South Korea is one of the prominent countries in the military antenna market. In 2020, South Korea had a military expenditure of US$ 45,524.0 million, and it increased to US$ 50,226.9 million in 2021. In 2022, the military expenditure was US$ 46,365.4 million. The budget for defense expenditure primarily aims at enhancing the overall infrastructure of the defense sector to meet the growing need for national security. In 2023, Korea Aerospace Industries introduced the FA-50, a light combat aircraft for the Republic of Korea Air Force. South Korea is focusing on advancing jet and fighter aircraft to combat modern battlefield requirements.
Furthermore, the government is planning to start manufacturing defense aircraft domestically by 2026. In 2023, South Korea accounted 1,602 units of military aircraft fleets. In addition, South Korea accounted for 138 units of naval vessels as of 2023, and it has six units of naval vessels ordered in the commissioned phase. Predominantly, frigates, destroyers, and submarines are dominating in terms of the number of military units in South Korea. In 2023, Hyundai Heavy Industries introduced ROKS Chungnam (FFG-828), which is the first of six Chungnam-class FFX Batch III frigate to the Republic of Korea Navy. The proliferation of naval vessels is one of the key opportunities for military antennas, which primarily help in establishing remote communication through signals and facilitate navigation. Thus, the rise in technological advancements and the need for modern equipment to manage the surveillance and security of the country is boosting the demand for military antennas in South Korea.
Market Segmentation - Military Antenna Market
SEGMENT NAME | TYPE |
| Type | Aperture Antennas, Dipole Antennas, Travelling Wave Antennas, Monopole Antennas, Loop Antennas, Array Antennas, Others |
| Frequency | High Frequency, Very High Frequency, Ultra High Frequency |
| Platform | Ground, Airborne, Marine |
| Application | Communication, Telemetry, Electronic Warfare, Surveillance, Navigation |
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Key Player Analysis - Military Antenna Market
- Thales SA
- Comrod Communication AS
- Eylex Pty Ltd
- L3Harris Technologies Inc
- Hascall-Denke Corp
- Lockheed Martin Corp
- MTI Wireless Edge Ltd
- Raytheon Technologies Corp
- Rohde & Schwarz GmbH & Co KG
- BAE Systems Plc
are the key Military Antenna Market players profiled in the report.
South Korea and Global Military Antenna Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ XX Million |
| Market Size by 2030 | US$ XX Million |
| Global CAGR (2022 - 2030) | 3.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South Korea
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - Military Antenna Market
- Thales SA
- Comrod Communication AS
- Eylex Pty Ltd
- L3Harris Technologies Inc
- Hascall-Denke Corp
- Lockheed Martin Corp
- MTI Wireless Edge Ltd
- Raytheon Technologies Corp
- Rohde & Schwarz GmbH & Co KG
- BAE Systems Plc
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