Latest News:- Antenna Market: Radio antenna is expected to lead the Type segment during 2024-2028

Antenna Market to grow at a CAGR of 7.7% during 2024-2028

The Antenna Market is expected to grow at a CAGR of 7.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7.52 billion. mmWave antennas, operating in the frequency range above 24 GHz, are a pivotal technology for 5G networks, providing ultra-fast data speeds and supporting bandwidth-intensive applications. These antennas enable high-capacity, short-range communication in densely populated urban areas and crowded environments. With mmWave technology, operators can deliver multi-gigabit data speeds and low-latency connectivity, essential for 5G applications such as augmented reality, virtual reality, and cloud gaming. Compared to traditional microwave antennas, mmWave antennas offer significantly higher data capacity, making them ideal for handling the increasing demand for data-intensive applications and services. This technology empowers operators to deliver ultra-fast broadband access, seamless video streaming, and IoT connectivity, thereby enhancing user experience and enabling new use cases. 

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The Radio antenna subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Radio antenna subsegment will lead the Type segment during 2024 and 2028 The radio antenna market experiences significant growth due to the expanding radio broadcasting industry, encompassing FM, AM, and digital radio services. The proliferation of radio stations and advancements in broadcasting technologies necessitate the production of radio antennas to support these offerings. Furthermore, the integration of radio receivers into various consumer electronics, including radios, stereo systems, home theater receivers, and portable radios, generates demand for embedded antennas. Additionally, the rise of smart speakers and other connected devices contributes to the market expansion for radio antennas.

Here are the various ways based on which the market is segmented: 

• Type
  • Radio antenna
  • Smart antenna
• End-user
  • Communication or telecommunication
  • Aerospace and defense or military
  • Automotive
  • Others
• Geography
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America

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• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish emergence of beamforming and beam steering technologies

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Antenna Market is experiencing significant growth due to the ongoing development of 5G infrastructure and the increasing demand for high-speed telecommunication. With the rollout of 5G cellular networks, the need for advanced antenna technology is at an all-time high. Dual-polarized and flat panel antennas are becoming increasingly popular due to their ability to support 5G's complex frequency range. The telecommunications industry is not the only sector driving the antenna market. The space sector, including satellite launch and space exploration missions, is also a major contributor. Satellite communications require specialized antennas to transmit and receive electromagnetic waves, including radio frequencies and microwaves, in space. Consumer electronics, such as smartphones, are also driving the market. Antennas are essential components of wireless communication systems, enabling propagation of electrical signals as light or radio waves. The digital transformation and the rise of smart cities and ADAS (Advanced Driver-Assistance Systems) are further boosting the demand for wireless connectivity solutions. The antenna market is expected to continue its growth trajectory, fueled by the increasing use of antennas in various applications, from telecommunications and space exploration to consumer electronics and satellite communications.

Market Research Overview

According to Technavio, the global antenna market is a segment of the larger electrical components and equipment market, which is itself a component of the global electrical equipment industry. The electrical components and equipment market encompasses businesses involved in the production of various electrical products, including electric cables and wires, electrical components, and electrical equipment. This market's size is determined by the consolidated revenue generated by manufacturers of water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components.

The Antenna Market is experiencing significant growth, fueled by the emergence of beamforming and beam steering technologies. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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