August 22, 2022 09:15 ET | Source: Verified Market Research Verified Market Research
Boonton, New Jersey, UNITED STATES
Jersey City, New Jersey, Aug. 22, 2022 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Flat Panel Antenna Market” By Type (Electronically steered, Mechanically steered), By Frequency (C and X band, Ku, K, and Ka band), By End-Use Industry (Aviation, Telecommunications), and By Geography. According to Verified Market Research, the Flat Panel Antenna Market size was valued at USD 400.10 Million in 2022 and is projected to reach USD 1507.98 Million by 2030, growing at a CAGR of 18.10% from 2023 to 2030.
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Global Flat Panel Antenna Market Overview
The Flat Panel Antenna Market is growing at a rapid pace over the past few years. Rising demand from the various end-use industries is one of the key factors which is propelling the growth of the market. These types of antennas are increasingly being used to track and maintain satellite links, even when the platform such as the train, boats, military vehicles, etc. are in motion. The growth of flat panel antennas in the telecommunication sector is one of the key opportunities for the key market vendors over the forecast period. However, the high cost of the flat antenna and the lack of technical expertise are some of the factors, which could hinder the market’s growth over the forecast period.
The flat panel antenna is a relatively new technology and therefore there is a significant challenge for technical expertise across the globe. The problems of technical expertise mainly occur in the countries such as Nigeria, Kenya, Nepal, Bhutan, etc. countries. Many key players in the market are focusing on the development of technologically advanced flat-panel antennas to serve the end-use industries. For instance, in march 2022, Intellian Technologies announced that they are developing a new portfolio of three flat-panel antennas. — a portable rugged manpack terminal, a high data rate fixed enterprise solution, and a low-profile communication on the move (COTM) solution.
The major players in the market are Hanwha Phasor Ltd., ThinKom Solutions, Inc., L-com Global Connectivity, China Starwin Science & Technology Co., Ltd., TTI Norte S.L., Isotropic Systems Ltd., OneWeb, ST Engineering iDirect, Inc., Kymeta Corporation, L3Harris Technologies, Inc., Danaher Corporation.
Verified Market Research has segmented the Global Flat Panel Antenna Market On the basis of Type, Frequency, End-Use Industry, and Geography.
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