The market for wireless antennas is predicted to reach $4,700.0 million in USD in 2022. According to the analysis, sales of wireless antennas will increase at a CAGR of 5.30% and reach US$7,871.0 million by 2032.
Important factors that contribute to market inflation include:
- Automotive connectivity technology is becoming more and more necessary to connect the driver to the outside world, improve the navigation system, and increase vehicle safety.
- Growing demand as a result of increased mobile phone use in all major economies.
Satellite connectivity is increasingly being used in aircraft. - As 5G investment increases, the need for network infrastructure is increasing.
- Customers want faster data transfer.
- Wireless Antenna Market: Drivers and Restraints
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Increasing usage of wireless antenna in connectivity vehicals help user to communicate with outside world with improved features like infotainment and navigation, which is turning to be the major driving factor that has huge impact on the growth of wireless antennas market.
The rising usage of wireless antennas in mobile devices is another major driving factor of the wireless antenna market. Moreover, new entrants in developing wireless antennas international market is also boosting the growth of wireless antenna market in a positive manner.
High initial investment cost associated with acquisition of a site to the installation of a telecom network is turning to be the major challenge faced by most of the vendors in Wireless Antenna market.
Who are the Key Players in the Wireless Antenna Market?
Some of the key players in the wireless antenna market are
- AT&T,
- Cisco Systems, Inc.,
- Bharti Airtel,
- Fractus Antennas S.L,
- AirNet Communications,
- Huawei Technologies Co., Ltd.,
- Bouygues Telecom,
- Johanson Technology,
- Linx Technologies,
- Mobitel (Pvt) Ltd.,
- Pulse Electronics,
- Taoglas,
- Ventev.
Market players have adopted strategies such as product approvals, product launches, market initiatives, and mergers and acquisitions.
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Recent Developments in the Wireless Antenna Market
- In June 2021, Linx Technologies, a Merlin, OR based developer and manufacturer of wireless components announced the extension of their global footprint Taoyuan City, Taiwan with the addition of a new design centre.
- In September 2021, Johanson Technology Inc., a specialist in manufacture and design of superior quality RF and Microwave ceramic chip capacitors, integrated passives, and inductors announced a novel tri-band WiFi 6E chip antenna.
Global Wireless Antenna Market: Regional Outlook
On the basis of geography, Wireless Antenna market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the Wireless Antenna market in APEJ region is expected to dominate during the forecast period owing to the presence of large number of telecommunication industry and strong financial growth in of consumer electronics goods in China and India. APEJ region is expected to be followed by North America and Europe.
Key Segments of the Wireless Antenna Market
By Product Type:
- MISO
- MIMO
- SIMO
- Others
By Product Range:
- UHF
- VHF
By Application:
- Radar System
- Wifi System
- Connected Vehicle
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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