In 2022, it is expected that the market for wireless antennas would grow to $4,700.0 million USD. The estimate predicts that by 2032, sales of wireless antennas will grow at a CAGR of 5.30% and total US$7,871.0 million.
The following are significant elements that affect market inflation:
- In order to connect the driver to the outside world, enhance the navigation system, and improve vehicle safety, automotive networking technology is becoming more and more important.
- As mobile phone use rises throughout all major economies, demand is increasing.
- Aircraft are increasingly using satellite connection.
- The requirement for network infrastructure is growing as 5G expenditure rises.
- Faster data transfer is what customers demand.
- Drivers and Restrictions in the Wireless Antenna Market
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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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