The Global 5G Antenna Market was valued at USD 280.2 Mn in 2020 and is expected to reach USD 8,034.6 Mn by 2027, with a growing CAGR of 54.7% during the forecast period.
The 5G antenna facilitates enhancing the quality of wireless communication through managing signals obtained and by decreasing errors. 5G antenna are also known as digital antenna arrays, adaptive array antennas, or a couple of antennas. A 5G antenna is an antenna array that has smart or digital signal processing algorithms and is used for figuring out spatial signal signatures. These are similarly used to discover and track antenna beams on a 5G tool by calculating beamforming vectors. 5G antenna are normally used for applications that include estimation of the route of arrival (DOA) of the signal, interference nulling, beamforming, etc.
The major factors driving the 5G antenna market growth include the growing demand for mobile networking and a surge in the demand for high-paced connectivity networks. The increased need for faster data processing has additionally performed a function in developing the 5G antennas market in recent years. In addition, the increased rollout of 5G technology has propelled the 5G antenna market, by which the number of 5G base stations is planned to be deployed across the globe.
In addition, the factors which include growing demand for machine-to-machine and internet of things networks, increasing demand for cellular broadband services, growing security and data breach risks, rising spending, roadblocks in the technical and technological growth of 5G networks and an increase in government efforts to create smart cities in developed areas are possibly to impact on the market. For instance, according to the report published by the Indian Brand Equity Foundation (IBEF), in 2020, in India, smart cities have completed more than 250 smart road projects to improve urban mobility and 415 projects are nearing completion with investments worth more than USD 2.76 billion.
Based on technology, the Multiple Input Multiple Output (MIMO) segments are expected to gain the largest market share during the forecast period because it eliminates the need for extra bandwidth and power transfer costs
Based on the technology, the global 5G antenna market has been segmented into SIMO, MISO, and MIMO. The MIMO segment is projected to gain the largest market share during the forecast period because it eliminates the need for extra bandwidth and power transfer costs. The enormous use of SIMO in Wireless Local Area Networks (WLANs), digital communication systems, cellular communication systems, and metropolitan area networks has contributed to its development. MISO technology is used to decrease errors and increase data transmission speed, as well as to allow signal customization.
Based on the application, the mobile phones segment is expected to dominate the 5G antenna market during the forecast period due to the use of the antenna for smartphones in various applications
Based on the application, the 5G antenna market has been segmented into mobile phones, factory automation, IoT, connected vehicles, and others. The mobile phones segment is expected to dominate the 5G antenna market during the forecast period. This is attributable to the use of 5G antenna in mobile phones for most of the applications. 5G networks are anticipated to enhance wireless communication in many factors which includes greater scalability for IoT (Internet of Things) systems, improved cellular services, and reliable communication for essential applications in the areas of healthcare, energy and transportation.
Based on region, North America holds the dominance in the 5G antenna market and is expected to remain constant during the forecast period owing to the high investment in 5G rollout
The regional market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the 5G antenna market and is expected to show its dominance during the forecast period. The growth in the region is mainly attributed to the high investment in the 5G rollout. For instance, according to the GSMA report published in 2020, the number of 5G connections is expected to grow to 410 million by 2025 in North America. However, Asia Pacific is expected to be the fastest-growing region during the forecast period due to the upward thrust in the telecom industry and anticipated rapid growth in the number of 5G subscribers. For instance, according to the report by GSMA published in 2021, around 1.8 Bn people is estimated to subscribe to mobile services by 2025, which represents around 62% of the regional population. In addition to that, India is expected to account for more than half of the new subscribers.
The report also provides an in-depth analysis of 5G antenna market dynamics such as drivers, restraints, opportunities, and challenges:
COVID-19 Impact on the 5G Antenna Market Analysis:
The COVID-19 pandemic impacted the 5G antenna market due to the strict lockdown imposed by the government throughout the globe. The business hubs, manufacturing sectors witnessed an instantaneous supply chain disruption and halts on production. Due to the COVID-19 pandemic, the overall industrial production throughout the globe has seen a sharp decline. This would possibly impede the growth of the 5G antenna market.
Note: A more detailed analysis specific to this market will be provided in the report.
The report also provides an in-depth analysis of key trends in the 5G antenna market:
The report also provides an in-depth analysis of recent news developments and investments:
The unique insights provided by this report also include the following:
Ask for free product review call with the author
Share your specific research requirements for a customized report
Request for due diligence and consumer centric studies
Request for study updates, segment specific and country level reports
Market Overview & Competitive Landscape
Market Segmentation (Market Size and Share Analysis)
COVID – 19 Opportunity Mapping
Regional Market Analysis