Global Antenna Market Outlook: Strategic Insights On Patch, Fractal, Smart, And Reflector Solutions
| Report Metric |
Details |
| Base year considered |
2023 |
| Forecast period considered |
2024-2029 |
| Base year market size |
$22.1 billion |
| Market size forecast |
$34.4 billion |
| Growth rate |
CAGR of 7.8% for the forecast period of 2024-2029 |
| Segments covered |
Type, end use application, and region |
| Regions covered |
Americas, Asia-Pacific, Europe, and Middle East and Africa |
| Countries covered |
U.S., Canada, Mexico, South America, France, Germany, the U.K., Italy, Japan, India, South Korea and China |
| Market drivers |
. Rapid expansion of wireless communications. . Miniaturization of antennas. . Advances in multiple-input multiple-output (MIMO) technology. |
Interesting facts:
-
The rollout of 5G and ongoing development of 6G have accelerated the adoption of millimeter-wave (mmWave) technology, revolutionizing wireless communications with ultra-fast data rates. Advances in antenna technology are crucial to overcoming mmWave limitations and unlocking the full potential of next-gen networks.
Smart antennas held a 30.2% market share in 2023, driven by rising demand for reliable internet and enhanced Wi-Fi performance. Their market's projected CAGR of 9.8%, indicates rapid growth due to their ability to address challenges faced by traditional antennas.
Asia-Pacific led the global antenna market with over 35%, supported by R&D investments, particularly in China. The region is expected to grow at a 9.0% CAGR, with India, Japan, and South Korea advancing wireless infrastructure.
The report addresses the following questions:
1. What is the market's projected size and growth rate?
. The market is projected to reach $34.4 billion by 2029, growing at a CAGR of 7.8%.
2. What are the key factors driving the growth of the market?
. The key factors driving the market include rapid expansion in wireless communications, and advances in MIMO technology.
3. What segments are covered in the report?
. Three market segments are covered: By type, end use application and region.
4. Which type will be dominant through 2029?
. The smart antenna segment is expected to dominate through the forecast period.
5. Which region has the largest market share?
. Asia-Pacific holds the highest share of the global market.
Leading Companies Include:
. A.H. Systems, Inc.
. Airgain
. Amphenol Corp.
. Antenna Products Corp.
. ATCI
. Comba Telecom Systems Holdings Ltd.
. Commscope Holding Co., Inc.
. First RF Corp.
. Fractal Antenna Systems Inc.
. Huawei Technologies Co., Ltd.
. Huber+suhner
. Mobi Antenna Technologies (Shenzhen) Co., Ltd.
. Semtech Corp. (Formerly Sierra Wireless)
. TE Connectivity
. Telefonaktiebolaget LM Ericsson
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