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The antenna market size is forecast to increase by USD 7.52 billion at a CAGR of 7.7% between 2023 and 2028.
The antenna industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is driven by the expansion of wireless communication technologies, including radio frequencies (RF), microwaves, and electromagnetic waves. The increasing usage of the Internet and the emergence of smart cities require advanced wireless connectivity solutions, leading to an increase in demand for high-performance antennas, such as multi-band and stamping process antennas. The automotive industry's adoption of Advanced Driver-Assistance Systems (ADAS) and the development of 5G technology fuel the demand for antenna technology in applications like Active Antenna Systems, Multi-radio Environments, and 5G networks. The Internet of Things (IoT) and various industries' digital transformation necessitate real-time monitoring and communication systems, further boosting market growth.
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The radio antenna segment was valued at USD 7.26 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market In the Asia Pacific (APAC) region is witnessing significant growth due to increasing urbanization and population expansion, leading to heightened demand for advanced telecommunication services. Governments and telecom operators are investing in upgrading and expanding infrastructure, such as 5G networks, fiber-optic broadband, and wireless communication systems. This trend is fueled by the region's large and growing population of mobile device users, including smartphones, tablets, and wearable devices. As mobile device penetration continues to rise, there is a corresponding increase in demand for high-performance antennas that support wireless connectivity, voice communication, and data transmission. Furthermore, the rollout of 5G networks in APAC offers substantial opportunities for antenna manufacturers and suppliers.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Emergence of beamforming and beam steering technologies is the key driver of the market.
Emergence of millimeter (mm)-Wave antennas is the upcoming market trend.
Interference and spectrum congestion issues in antennas is a key challenge affecting the industry growth.
The antenna market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the antenna market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, antenna market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a diverse range of wireless communication technologies that facilitate the transmission and reception of electromagnetic waves. These waves, which include radio frequencies (RF), microwaves, and light, are essential for various applications in consumer electronics, satellite communications, and the space sector. The increasing reliance on wireless connectivity solutions in our daily lives, driven by digital transformation and the proliferation of smart cities, has fueled the demand for high-performance antennas. Multi-band antennas, for instance, are becoming increasingly popular due to their ability to support multiple frequencies, making them suitable for use in multi-radio environments. The market is also witnessing significant growth In the area of 5G technology.
In addition, with the increasing number of 5G subscriptions, the need for antennas that can support high-speed, network resiliency, and high radio frequency performance is becoming more critical. Active antenna systems, for example, are gaining popularity due to their ability to electronically adjust to changing environments, ensuring optimal signal quality. Moreover, the Internet of Things (IoT) is driving the demand for antennas in various industries, from industrial sensors to smart home gadgets. External antennas are often used to improve the signal strength and reliability of these devices. Simulation tools and cloud collaboration are also being used to optimize antenna design and performance.
Moreover, the market is also witnessing innovation in areas such as beamforming, which allows for more precise and efficient transmission and reception of signals. Flat panel antennas, for instance, are being used in 5G networks to improve network coverage and capacity. Dual-polarized antennas are also gaining popularity due to their ability to transmit and receive signals in multiple directions, making them suitable for use in various applications. The market is also witnessing innovation in materials science, with the use of metamaterials in antenna design. These materials have unique electromagnetic properties that can be used to design antennas with enhanced performance and functionality.
Furthermore, the market is a dynamic and evolving one, with new applications and technologies emerging constantly. From wireless power transfer to security screening, antennas play a crucial role in enabling various applications and driving innovation in wireless communication. The market is expected to continue growing, driven by the increasing demand for wireless connectivity and the ongoing digital transformation.
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Market Scope |
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Report Coverage |
Details |
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Page number |
160 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.7% |
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Market growth 2024-2028 |
USD 7.52 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.08 |
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Key countries |
US, China, Japan, South Korea, and Germany |
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Competitive landscape |
Leading Companies, market growth and forecasting, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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