Telecomunicazioni
Antenna Market to Reach $40.1 Billion, Globally, by 2032 at 9.1% CAGR: Allied Market Research
An antenna has an essential role to play within the communication systems. It transmits and receives electromagnetic waves within radio wave frequencies. There are several different types of antenna, and each has a specific purpose, size, and shape.
The Antenna market is expected to witness notable growth during the forecast period, owing to increase in adoption of chip antenna in Internet of Things devices, and increase in adoption of chip antenna in consumer electronics industry drives market growth. Moreover, development of 5G is expected to provide lucrative opportunities for the growth of the Antenna market during the forecast period. On the contrary, lack of uniform frequency range for wireless applications is the restraint for Antenna market growth during the forecast period.
Based on technology type, the MIMO segment held the highest market share in 2022, accounting for more than half of the global antenna market revenue, and is estimated to maintain its leadership status throughout the forecast period, as it is known for its small size & flexibility, and it is widely used in consumer electronics. Moreover, the MIMO segment is projected to manifest the highest CAGR of 9.5% from 2023 to 2032, driven by its ability to counter signal degradation and interference ensures its pertinence in delivering consistent connectivity, even in challenging scenarios. Beyond telecommunications, MIMO finds relevance in domains such as autonomous vehicles, smart cities, and industrial automation, where reliable, high-capacity wireless communication holds vital importance.
Based on application, the cellular systems segment held the highest market share in 2022, accounting for around three-fifths of the global antenna market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the radar segment is projected to manifest the highest CAGR of 9.6% from 2023 to 2032, due to increase in opportunities in emerging domains such as self-driving vehicles, drone identification, and 5G infrastructure support.
Based on end user, the telecommunication segment held the in 2022, accounting for nearly two-fifths of the global antenna market revenue and is estimated to maintain its leadership status throughout the forecast period. In addition, the telecommunication segment is projected to manifest the highest CAGR of 9.6% from 2023 to 2032 due to increase in consumer electronics sector.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly two-fifth of the global antenna market revenue. This region is expected to witness the fastest CAGR of 9.5% from 2023 to 2032 owing to the increase in adoption of the 5G network which has accelerated due to the rise in connected devices and fast internet connectivity.
The report provides a detailed analysis of these key players of the global antenna market. These players have adopted different strategies such as product development, and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
The global was valued at $3.4 billion in 2022, and is projected to reach $12.7 billion by 2032, growing at a CAGR of 14.3% from 2023 to 2032.
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The global was valued at $347.5 million in 2021, and is projected to reach $4.8 billion by 2031, growing at a CAGR of 31.3% from 2022 to 2031.
The global was valued at $3.8 billion in 2021, and is projected to reach $5.7 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031.
The global was valued at $7.1 billion in 2021, and is projected to reach $35.9 billion by 2031, growing at a CAGR of 17.9% from 2022 to 2031.
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