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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 market growth analysis depends on several factors such as the emergence of beamforming and beam steering technologies, the advancements in the materials, and the expansion of IoT and smart city initiatives. Our market report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
The APAC region is experiencing rapid urbanization and population growth, leading to increasing demand for telecommunication services. Besides, the rollout of 5G networks in APAC presents significant opportunities for manufacturers and suppliers. Additionally, AAC Technologies Holdings Ltd. offers antennas such as LDS, FPC, and LAP. Also, Airgain Inc. provides antennas such as RECON13 5G, MULTIMAX 5G, and MULTIMAX 4G.
Market Forecast 2024-2028
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Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Beamforming and beam steering technologies enable to focus radio signals toward specific users, areas, or objects, improving the coverage, capacity, and quality of signals. Additionally, beamforming and beam steering technologies are integrated into a wide range of consumer electronics devices, including smartphones, tablets, laptops, and IoT devices. These technologies enhance wireless connectivity and data transmission in mobile devices, thus enhancing user experience by optimizing signal reception and minimizing interference.
Furthermore, beamforming and beam steering technologies are used in automotive radar systems and sensing applications to detect and track objects, vehicles, and pedestrians. These technologies enable the implementation of advanced driver assistance systems (ADAS), collision avoidance, and autonomous driving features in automobiles by providing accurate and reliable object detection and localization, which will boost the market during the forecast period.
mmWave operates in the frequency range above 24 GHz, enabling ultra-fast data speeds and supporting bandwidth-intensive applications. mmWave plays a vital role in supporting 5G networks by enabling high-capacity, short-range communication in dense urban areas and crowded environments. Also, mmWave technology enables operators to deliver ultra-fast broadband access, video streaming, and IoT connectivity, enhancing user experience and enabling new use cases. mmWave is particularly effective in urban environments where traditional wireless networks face challenges due to spectrum congestion and high data demand.
Moreover, mmWave technology enables the deployment of small cells and distributed antenna systems (DAS) to increase network capacity and coverage in urban areas, delivering high-speed connectivity to densely populated areas. In addition, mmWave are used in fixed wireless access (FWA) solutions to provide high-speed broadband connectivity to homes and businesses without the need for fiber-optic cables. mmWave FWA solutions offer an alternative to traditional wired broadband services, particularly in areas where fiber deployment is costly or impractical. Thus, such factors will drive the market during the forecast period.
Interference affects signal quality, reliability, and coverage, leading to dropped calls, reduced data rates, and connectivity issues for users. Spectrum congestion limits the bandwidth available in wireless communications, impacting network capacity and throughput negatively. Additionally, regulators allocate spectrum bands for different wireless technologies, services, and applications, but the availability of spectrum is limited, particularly in densely populated areas or in bands with favorable propagation characteristics.
Furthermore, the coexistence of multiple wireless technologies and standards, such as 5G, LTE, Wi-Fi, Bluetooth, and IoT protocols, complicates spectrum management and interference mitigation efforts. Interference between coexisting wireless networks and devices can degrade the performance, requiring advanced interference mitigation techniques and spectrum-sharing mechanisms. Hence, interference and spectrum congestion concerns associated with antennas will impede the growth of the market during the forecast period.
The radio antenna segment will account for a major share of the market's growth during the forecast period.?The integration of radio receivers into consumer electronics devices fuels the demand for radio embedded within these devices to enable access to radio services. The proliferation of smart speakers and other connected devices also contributes to the demand for radio. Furthermore, antennas are essential components of radio communication systems used in maritime and aviation applications, including maritime vessels, aircraft, and airports.
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The radio antenna segment was valued at USD 7.26 billion in 2018. Furthermore, radio are used in remote sensing and surveillance applications, including weather radar systems, satellite communication systems, and surveillance radar systems. The demand for radio in these applications is driven by the need for reliable and accurate radio signal reception and transmission for monitoring and observation purposes. Thus, these factors will boost the growth of the segment of the market during the forecast period.
Based on end-user, the market has been segmented into communication or telecommunication, aerospace and defense or military, automotive, and others. The communication or telecommunication segment will account for the largest share of this segment.?The widespread use of smartphones, tablets, laptops, and other mobile devices fuels the demand for antennas embedded within these devices to facilitate wireless connectivity, voice communication, and data transmission. Additionally, the rollout of 5G networks and the deployment of 5G-enabled devices are creating opportunities are optimized for higher frequencies. Furthermore, are used in various industrial and commercial applications, including asset tracking, remote monitoring, industrial automation, warehouse management systems, and public safety communication. Thus, the wide range of applications of antennas in communications will drive the growth of the communication or telecommunication segment during the forecast period.
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APAC is estimated to contribute 44% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Governments and telecom operators are investing in expanding and upgrading telecommunication infrastructure, including 5G networks, fiber-optic broadband, and wireless communication systems, thereby driving demand. Additionally, APAC has witnessed rapid growth in e-commerce, digital payments, online streaming, and other digital services.
Furthermore, the automotive industry in APAC is experiencing significant growth due to the increasing demand for connected vehicles, electric vehicles, and autonomous driving technologies. Antennas play a crucial role in enabling wireless communication, telematics, and infotainment systems in vehicles, driving demand for automotive devices. Thus, these factors will propel the growth of the regional market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Amphenol Corp., AT and T Inc., Baylin Technologies Inc., Cisco Systems Inc., Comba Telecom Systems Holdings Ltd., CommScope Holding Co. Inc., Dongguan Luxshare Technology Co. Ltd, DuPont de Nemours Inc., Fujikura Ltd., Huawei Technologies Co. Ltd., Huizhou SPEED Wireless Technology Co. Ltd., Molex LLC, Murata Manufacturing Co. Ltd., Panorama Antennas, Qualcomm Inc., Taoglas Group Holdings Ltd., TE Connectivity Ltd., Texas Instruments Inc., and Shenzhen Sunway Communication Co. Ltd
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market is witnessing unprecedented growth fueled by the exponential rise in wireless communication and internet usage across various sectors. The advent of smart cities and advanced driver assistance systems (ADAS) in vehicles further propels demand for wireless connectivity solutions and wireless systems. As players in the market strive to introduce new products to meet the demands of digital transformation, play a crucial role in facilitating wireless communications for consumer electronic products like laptops, tablets, wearables, and smartphones. Moreover, the adoption of satellite communications is revolutionizing the space sector, driving demand for antennas in space exploration missions, satellite launch operations, and satellite-assisted combat. The United States Space Force (USSF) relies on a robust satellite control network (SCN), showcasing the criticality in military warfighters' operations.
Furthermore, in smart cities, antennas serve as integral components of sensors, cameras, streetlights, and vehicles, enabling seamless wireless networks for data transfer, real-time monitoring, and control systems. To meet the diverse needs of customers, intricate designs and high-performance antennas are developed using advanced and sustainable materials, especially amidst the pandemic. Additionally, technological advancements, particularly in 5G technology, drive large-scale deployments and the commercialization of 5G, intensifying antenna performance requirements in low-signal areas. With 5G subscriptions on the rise, engineers leverage technologically advanced simulation software and measurement tools to optimize performance for mobile phone manufacturers, mobile network operators, and ultimately, to meet the real-time demands of consumers.
Antenna Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.7% |
Market Growth 2024-2028 |
USD 7.52 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.08 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AAC Technologies Holdings Ltd., Airgain Inc., Alpha Wireless Ltd., Amphenol Corp., AT and T Inc., Baylin Technologies Inc., Cisco Systems Inc., Comba Telecom Systems Holdings Ltd., CommScope Holding Co. Inc., Dongguan Luxshare Technology Co. Ltd, DuPont de Nemours Inc., Fujikura Ltd., Huawei Technologies Co. Ltd., Huizhou SPEED Wireless Technology Co. Ltd., Molex LLC, Murata Manufacturing Co. Ltd., Panorama Antennas, Qualcomm Inc., Taoglas Group Holdings Ltd., TE Connectivity Ltd., Texas Instruments Inc., and Shenzhen Sunway Communication Co. Ltd |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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
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