Global Flat Panel Antenna Market Size Forecast 2024 - 2033
23 Dec, 2024
What Is The Scope Of The Global Flat Panel Antenna Market?
A flat panel antenna (FPA) refers to a low-profile antenna that is lightweight, multifunctional, has low directional features, and is easily mounted on a variety of surfaces. They are widely used to facilitate wireless communication and connectivity in various applications, including satellite communication, wireless networks, and point-to-point communication.
Flat Panel Antenna Global Market Report 2024 provides data on the global flat panel antenna market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The flat panel antenna market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Forecasted Market Size And Growth Rates For Global Flat Panel Antenna?
The flat panel antenna market has seen significant growth in recent years, increasing from $0.40 billion in 2023 to $0.49 billion in 2024, with a compound annual growth rate (CAGR) of 22.5%. Historical growth can be attributed to advancements in electronically steered phased arrays, increased global investment in space exploration, and rising demand for compact antenna systems for UAV platforms. Future projections show the market expanding to $1.12 billion by 2028 at a CAGR of 22.8%, driven by rising adoption of low-cost antennas, growth in autonomous vehicles, investments in satellite launches, and technological innovations such as scalable, beamforming antennas.
What Factors Are Driving Growth In The Flat Panel Antenna Market?
The increasing frequency of satellite launches is anticipated to boost the growth of the flat-panel antenna market. Satellite launches refer to the process of sending satellites into orbit using launch vehicles such as rockets or spaceplanes. This trend is growing due to the increasing demand for Earth observation, space exploration, and defense needs. Flat-panel antennas are crucial for connecting satellites across large areas by receiving signals from multiple satellites simultaneously. For example, a report by the United States Government Accountability Office in September 2022 noted there were around 5,500 operational satellites in orbit, with expectations that 58,000 more satellites will be launched by 2030. Thus, the rise in satellite launches is driving the growth of the flat-panel antenna market.
Get Your Free Sample of the Global Flat Panel Antenna Market ReportWhat Are The Main Segments Of The Global Flat Panel Antenna Market?
The flat panel antenna market covered in this report is segmented –
1) By Type: Mechanically Steered, Electronically Steered
2) By Frequency: Ku, K, And Ka-Band, C And X band
3) By End-User: Telecommunications, Military, Aviation, Commercial, Other End-Users
What Emerging Trends Are Influencing The Growth Of The Flat Panel Antenna Matket?
Leading companies in the flat-panel antenna industry are working on advanced solutions, such as multi-orbit and on-the-move antennas, to gain a competitive edge. A multi-orbit, on-the-move flat-panel antenna is a state-of-the-art satellite antenna that works across various satellite orbits, maintaining connectivity even while moving. For example, in October 2023, Kymeta Corporation, a US-based telecommunications company, introduced the Osprey u8 HGL, a hybrid geostationary or low-earth orbit terminal designed for military applications. It is the first multi-orbit, on-the-move flat-panel antenna for military users, offering resilient communication capabilities suitable for harsh wartime environments. The Osprey u8 HGL’s multi-orbit functionality enhances availability while being adaptable, low power, discreet, and user-friendly, with no prior satellite communication knowledge required.
What Is The Largest Region In The Flat Panel Antenna Market?
Asia-Pacific was the largest region in the flat panel antenna market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the flat panel antenna market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.