Patch Array Antenna Market
Patch Array Antenna Market
The market for Patch Array Antenna was estimated at $623.50 million in 2024; it is anticipated to increase to $1.03 billion by 2030, with projections indicating growth to around $1.56 billion by 2035.
Global Patch Array Antenna Market Outlook
Revenue, 2024 (US$M)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
Market Key Insights
- The Patch Array Antenna market is projected to grow from $623.5 million in 2024 to $1.44 billion in 2034. This represents a CAGR of 8.7%, reflecting rising demand across Communication Systems, Radar Systems and Wireless Power Transfer Systems.
- Lockheed Martin Corporation, Thales Group, Smiths Group plc are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Patch Array Antenna market and are expected to observe the growth CAGR of 6.4% to 9.1% between 2024 and 2030.
- Emerging markets including Indonesia, Nigeria and Colombia are expected to observe highest growth with CAGR ranging between 8.4% to 10.9%.
- Transition like Integration with 5G technology is expected to add $112.3 million to the Patch Array Antenna market growth by 2030
- The Patch Array Antenna market is set to add $812 million between 2024 and 2034, with manufacturer targeting Telecommunications & Broadcasting Application projected to gain a larger market share.
- With Surge in satellite communication, and Expansion of 5g technology, Patch Array Antenna market to expand 130% between 2024 and 2034.
Opportunities in the Patch Array Antenna
Strategic partnerships and collaborations between antenna manufacturers and technology giants can offer a significant boost to the Patch Array Antenna market. These alliances can aid in the development of optimized antennas for specific applications, further enhancing their market potential and reach.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Surge in Satellite Communication, and Increasing Military and Defense Needs
Restraint: High Cost of Implementation
Opportunity: Technological Innovations and Untapped Verticals in Industries
Challenge: Technological Limitations
Supply Chain Landscape
Arralis
Mitsubishi Electric Corporation
Smiths Interconnect
Sinclair Technologies
Cobham PLC
The Boeing Company
Aerospace and Defense
Telecommunications
Automotive
Arralis
Mitsubishi Electric Corporation
Smiths Interconnect
Sinclair Technologies
Cobham PLC
The Boeing Company
Aerospace and Defense
Telecommunications
Automotive