The rising military budget allocations will create several growth opportunities for the companies operating in the market. According to a report published by Fortune Business Insights, titled “Military Antenna Market Size, Share & Industry Analysis, By Frequency (High, Ultra-High, Super High, and Extremely High Frequency), By Type (Dipole, Aperture, Travelling Wave, Loop, and Array Antenna), By Platform (Airborne, Marine, and Ground), By Application (Communication, Surveillance, SATCOM, Electronic Warfare, and Telemetry), and Regional Forecast, 2020-2027,” the market was worth USD 4.89 billion in 2019 and will exhibit a CAGR of 8.61% during the forecast period, 2020-2027.
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