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The wireless antenna market share is expected to increase by USD 4.41 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.41%.
This wireless antenna market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers wireless antenna market segmentation by end-user (communication, aerospace and defense, automotive, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The wireless antenna market report also offers information on several market vendors, including AccelTex Solutions, Alpha Wireless Ltd., BAE Systems Plc, Broadcom Inc., Cisco Systems Inc., CommScope Holding Co. Inc., FIAMM Componenti Accessori FCA Spa, Huawei Technologies Co. Ltd., Ignion SL, IMC Microwave Industries Ltd., Johanson Technology Inc., Linx Technologies, MP Antenna Ltd., Octane Wireless, Rohde and Schwarz GmbH and Co. KG, SkyWave Antennas Inc., THE BOUYGUES GROUP, Viasat Inc., Wutong Holding Group Co.Ltd., Yageo Corp., and Infinite Electronics Inc. among others.
Download Report Sample to Unlock the Wireless Antenna Market Size for the Forecast Period and Other Important Statistics
The growing trend of IoT is notably driving the wireless antenna market growth, although factors such as lack of infrastructure and connectivity may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the wireless antenna industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Wireless Antenna Market Driver
One of the key factors driving growth in the wireless antenna market is the growing trend of IoT. IoT is the newest development in the field of global technology. It links all necessary home appliances to the Internet. In essence, it means that all electronic devices can be connected to one another and, ideally, will soon be able to communicate with one another. All the main technology companies, including Apple Inc. (Apple) and Microsoft Corp. (Microsoft), have committed significant resources to IoT R&D. As a result, homes of the future will be filled with numerous wirelessly attached nodes and appliances that can sense the world around them and take appropriate action. Devices will be able to communicate with one another, greatly enhancing the user experience. The application may become more user-friendly because of this enhancement. Therefore, increasing applications of the IoT contribute to the growth of the global wireless antenna market.
Key Wireless Antenna Market Trend
The increase in 5G investments is a wireless antenna market trend that is expected to have a positive impact in the coming years. 5G is the next generation of communication technology, following 4G, and on commercialization, experts estimate that 5G will support data download speeds of 10,000 Mbps. There have been numerous investments in 5G across the globe. Some estimates forecast that there will be 3.6 billion 5G connections by 2025, and that figure is predicted to increase to 4.4 billion by 2027. The increasing investments in 5G are increasing the demand for 5G network infrastructure. This is expected to accelerate the developments in electronic components and modules such as 5G mm-wave antenna modules, 5G multimode modems, 5G base stations, and several 5G RF products during the forecast period.
Key Wireless Antenna Market Challenge
The lack of infrastructure and connectivity will be a major challenge for the wireless antenna market during the forecast period. The reliability and efficiency of IoT devices are hugely dependent on the basic infrastructure that facilitates high-speed Internet connectivity. The availability of the Internet helps devices function in an efficient manner. The developing countries are still in the process of creating the essential infrastructure to ensure hassle-free connectivity. For instance, in India, most of the population still uses 2G networks. The concept of Wi-Fi is just gaining popularity in the country. Mobile operators are yet to find efficient solutions to assist in the creation of the infrastructure required for the development of IoT. Thus, the lack of infrastructure and connectivity is expected to adversely affect the global wireless antenna market.
This wireless antenna market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global wireless antenna market as a part of the global communications equipment market within the overall global information technology sector. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wireless antenna market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the wireless antenna market encompasses successful business strategies deployed by the key vendors. The wireless antenna market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
baesystems.com - The company offers wireless antenna that includes Common data link radio, iCDL, CDL Portable Ground System, CDL Exportable Radio System, and Light Airborne Multipurpose Systems.
baesystems.com - Through the electronic systems segment, the company operates US and UK-based electronics activities, including electronic warfare systems, electro-optical sensors, military and commercial digital engines, flight controls, precision guidance, and seeker solutions, next-generation military communication systems and data links, persistent surveillance capabilities, and hybrid electric drive systems.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The wireless antenna market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the wireless antenna market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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