According to a research report "Flat
Panel Antenna Market with Covid–19 Impact by Type (Electronically
Steered, Mechanically Steered), Frequency (C and X, Ku, K, Ka), End–Use
Application (Aviation, Telecommunications, Military) and Region - Global
Forecast to 2027" published by MarketsandMarkets, the flat panel
antenna market is estimated to be valued at USD 408 million in 2022 and reach
USD 1,440 million by 2027; it is expected to grow at a CAGR of 28.7% during the
forecast period (2022–2027).
Growing investments in space exploration and
satellite launches, rising demand for electronically steered antennas
worldwide, rising demand for innovative and compact antenna systems, and
growing adoption of low cost, low profile antennas in various commercial and
military applications will drive the demand for this market in the near future.
The deployment of low earth orbit (LEO) satellites and constellations of
satellites for communication applications has increased their demand across the
globe. Other factors driving the market growth include growing demand for Ku-
and Ka-band satellites, and the growing fleet of autonomous and connected
vehicles used for various applications in the military and commercial sectors,
which require customized flat panel antennas.
Electronically Steered type is expected to witness
the highest market share and growth rate during the forecast period
Based on different types, the market has been
segmented into two categories: electronically steered and mechanically steered.
Electronically steered antenna is the leading type in the flat panel antenna
market in terms of CAGR and market size. This is mainly because of its low cost
and high market acceptance. Electrically steered flat panel antenna is expected
to gain traction due to compact size, low cost, and significant adoption in
enterprise, maritime, land mobile and aviation industries. AlCAN Systems
(Canada), C-COM Satellite Systems Inc (Canada), Hanwha Phasor (UK), and
ThinKom Solutions (US) are some of the players providing electronically steered
FPA systems.
Commercial application is expected to have the
largest market share during the forecast period
The commercial application is expected to grow at
the highest CAGR in the flat panel antenna market. The commercial segment cater
to a variety of applications, especially commercial shipping, boating, super
yachts, passenger vehicles and other applications. The flat panel antennas used
for such applications are smaller and more discreet than the large radomes
generally used on bigger vessels for broadband satellite communication. These
flat panel antennas include ESA OR phased array antennas which track satellites
electronically while the units themselves are stationary, so there are no
moving parts to wear out and potentially fail. Thus, rising demand for such
antennas in different commercial applications is driving the growth of flat panel
antenna market.
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Asia Pacific is the leading flat panel antenna
market in terms of CAGR globally.
APAC is expected to contribute to the highest CAGR
during the forecast period in the flat panel antenna market. APAC is the major
market for consumer and commercial segment due to its growing population. Key
countries in APAC include China, Japan, India, and South Korea. Rapid
developments related to flat panel antenna in telecommunication applications
also provide growth opportunities for the market in APAC as trend for 5G in
APAC is growing at a fast pace. Other factors contributing to the rising demand
for flat panel antennas in APAC include technological advancements in antenna
technology, increased awareness of the benefits of using flat panel antennas among
the masses, and the cost-effectiveness of these antennas. Electronically
steered flat panel antenna type is famous and reliable way initiate satellite
communications and retrieve data and information in telecommunications and
commercial sectors in Asia and other continents.
Key Market Players
In 2021, the flat panel antenna market is dominated
by players such as Kymeta Corporation (US), ThinKom Solutions(US), Hanwha
Phasor (England), TTI Norte (Spain), and L3Harria Technologies (US).
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